FLYHT AEROSPACE SLTNS LTD - FLYLF STOCK NEWS

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX: FLYLF) will host the Spring AEEC/IATA Electronic Flight Bag (EFB) Users Forum in Calgary from June 20-22, 2023. This event fosters collaboration among airlines, system integrators, and regulators to discuss trends and innovations in the aviation sector. FLYHT aims to showcase its cutting-edge solutions, including 5G connectivity technologies. Kent Jacobs, Interim CEO, expressed pride in promoting Calgary as a tech hub in aviation. The forum will kick off with an EFB EXPO on June 20, allowing suppliers to demonstrate their products. The initiative is expected to attract significant industry attention and facilitate operational discussions essential for enhancing efficiency and safety in commercial aviation.

FLYHT Aerospace Solutions Ltd. (TSX-V:FLY)(OTCQX:FLYLF) announced a conference call to discuss its fourth quarter and full year 2022 results on April 13, 2023, at 7:30 a.m. MT. The call will feature presentations by President & Interim CEO Kent Jacobs and CFO Alana Forbes, followed by a Q&A session. Investors can access the call via toll-free numbers, and an archive will be available on the company's Investor Relations website. FLYHT specializes in providing airlines with solutions to enhance operational efficiency and safety through patented aircraft hardware products. The company is headquartered in Calgary and includes the wholly-owned subsidiary, CrossConsense, offering advanced aviation services.

FLYHT Aerospace Solutions Ltd. (TSX-V:FLY, OTCQX:FLYLF) announced that Meredith Bell will testify before the U.S. House Subcommittee on Environment on March 28, 2023. The hearing focuses on the reauthorization of the Weather Act, a significant initiative to enhance weather research and forecasting. Bell will discuss the importance of in-situ observations and data collection for aviation safety, referencing FLYHT's innovative weather sensor technologies. These efforts aim to improve turbulence forecasts, benefiting airlines and passengers alike. The Weather Act is critical in addressing extreme weather patterns as noted in recent turbulence incidents.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) announced the receipt of a Supplemental Type Certificate (STC) from Transport Canada to install its AFIRS 228 on Boeing 737 MAX-8 aircraft.

This certification enables airlines to request aircraft with Iridium satcom provisions directly from the factory, opening new growth avenues for FLYHT.

President Kent Jacobs highlighted that this milestone achievement will allow installation on 40 aircraft from their contracted backlog.

FLYHT is preparing for its first 5G AFIRS Edge installations, reinforcing the strength of its AFIRS 228 product line.

FLYHT Aerospace Solutions Ltd. (OTCQX: FLYLF) has been recognized as one of the 2023 TSX Venture 50, a prestigious list showcasing top performers on the TSX Venture Exchange. This recognition highlights FLYHT's significant growth in market capitalization and share price, alongside robust shareholder returns. Interim CEO Kent Jacobs stated that the company aims to further enhance operational excellence through its transition to SaaS and the launch of its 5G-enabled AFIRS Edge. FLYHT continues to expand its offerings in aviation safety and efficiency, leveraging patented technologies for actionable intelligence.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY) (OTCQX:FLYLF) announced its participation in two upcoming virtual investor conferences. The Diamond Equity Research Emerging Growth Invitational will be held on January 25, 2023, featuring interim CEO Kent Jacobs at 10:20 a.m. ET, followed by a Q&A session. The OTC Markets Small Cap Growth Virtual Investor Conference is scheduled for February 9, 2023, with Jacobs presenting at 11:00 a.m. ET. Both events will have live audio webcasts available on FLYHT's website. The company is known for its innovative aviation solutions aimed at enhancing safety and operational efficiency.

FLYHT Aerospace Solutions Ltd. announced the unexpected passing of Interim CEO William T. Tempany on December 20, 2022. Tempany was a pivotal figure, having refocused FLYHT on a software-first strategy and introduced the Actionable Intelligence suite. Kent Jacobs, previously promoted by Tempany, has been named as the new Interim CEO. The Board emphasized the commitment to uphold Tempany's legacy and maintain company momentum, highlighting his significant contributions to the aviation industry and the development of innovative products like the AFIRS Edge.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY, OTCQX:FLYLF) will participate in the Emerging Growth Conference on November 30, 2022. CEO Bill Tempany is set to present at 1:10 PM ET, followed by a Q&A session. All shareholders are encouraged to listen via webcast, available at this link. An archived version will also be on the FLYHT website. The company specializes in providing airlines with actionable intelligence for enhanced safety and efficiency through patented hardware solutions.

FLYHT Aerospace Solutions Ltd. reported record revenue of $6.7 million in Q3 2022, a 112% increase from Q3 2021. The company achieved positive EBITDA of $924,680 and a net income of $703,765, marking significant recovery post-COVID-19. SaaS revenue grew 37.5%, while licensing revenue surged 252%. The gross margin improved to 72.4%. Future growth is anticipated with the upcoming certification of the AFIRS^TM Edge product. However, cash reserves decreased to $1.78 million from $4.52 million at year-end 2021.