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FLYHT Aerospace Solutions Ltd. (FLYLF) is a leading provider of aviation safety, efficiency, and profitability solutions for airlines. The company offers patented aircraft certified hardware products, including AFIRS™, an aircraft satcom/interface device for cockpit voice communications and real-time aircraft data analysis. FLYHT's innovative technology supports voice and data communications on Airbus aircraft worldwide through the Iridium® satellite network. With a focus on delivering actionable intelligence, the company helps airlines transform operational insight into immediate, quantifiable action, enhancing safety and performance.
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Met Office, FLYHT Aerospace Solutions, and Loganair collaborate to improve weather forecasts for the aviation industry in the UK. The partnership aims to enhance route planning, reduce CO2 emissions, and improve local forecasting of severe weather. The contract is valued at approximately $6.9 million over an eight-year term.
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FLYHT Aerospace Solutions will participate in the Planet MicroCap Showcase 2023, with a presentation by the President and CFO on September 6, 2023, and one-on-one meetings with investors on September 7, 2023.
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FLYHT Aerospace Solutions Ltd. reported financial results for Q2 2023. Revenue increased by 24% to $6,043,543 compared to Q2 2022. Gross margin improved to 59.6% from 55.8%. The company generated positive EBITDA of $168,045. Net loss was $168,807. Cash and short-term investments totaled $1,719,904 at June 30, 2023.
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FLYHT Aerospace Solutions Ltd. has signed a five-year contract renewal with one of its long-term charter customers to provide continuous software services to its fleet of Boeing 777 and 767 aircraft. The contract is valued at approximately US$1.3 million.
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FLYHT Aerospace Solutions Ltd. has received a Supplemental Type Certificate (STC) revision from the FAA to install the AFIRS 228S satcom solution on Airbus A319, A320, and A321 aircraft. This allows FLYHT to fulfill its agreement with an existing customer, offering benefits such as more efficient routes, reduced flight times, reduced fuel burns, and enhanced communications between air traffic control and the aircraft.
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FLYHT Aerospace Solutions Ltd. announced that Gurjot Bhullar, VP of Operations, will participate in the Emerging Equities 2nd Annual VIP Event at the RBC Canadian Open. He will conduct meetings with investors during the 'Technology Investor Day' on June 8.
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FAQ
What is the current stock price of FLYHT AEROSPACE SLTNS (FLYLF)?
The current stock price of FLYHT AEROSPACE SLTNS (FLYLF) is $0.22 as of December 24, 2024.
What is the market cap of FLYHT AEROSPACE SLTNS (FLYLF)?
The market cap of FLYHT AEROSPACE SLTNS (FLYLF) is approximately 9.6M.
What products does FLYHT Aerospace Solutions Ltd. offer?
FLYHT provides patented aircraft certified hardware products, including AFIRS™, an aircraft satcom/interface device for cockpit voice communications and real-time aircraft data analysis.
How does FLYHT support voice and data communications on Airbus aircraft?
FLYHT supports voice and data communications on Airbus aircraft worldwide through the Iridium® satellite network.
What is the focus of FLYHT Aerospace Solutions Ltd.?
FLYHT focuses on providing actionable intelligence to airlines to transform operational insight into immediate, quantifiable action, enhancing safety and performance.
Where is FLYHT Aerospace Solutions Ltd. headquartered?
FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company.
What is the core business of FLYHT Aerospace Solutions Ltd.?
FLYHT's core business is to provide airlines with industry-leading solutions to improve aviation safety, efficiency, and profitability.
How does FLYHT help airlines improve operational insight?
FLYHT helps airlines transform operational insight into immediate, quantifiable action through its suite of innovative products and solutions.
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