FLYHT AEROSPACE SLTNS LTD - FLYLF STOCK NEWS

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 An archived version will also be on the FLYHT website.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.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) announced a conference call on November 10, 2022, at 7:30 a.m. MT to discuss their Q3 results for the period ending September 30, 2022. Interim CEO Bill Tempany and CFO Alana Forbes will present, followed by a Q&A session. Participants can join via toll-free numbers for Canada/U.S. and international calls. An archive of the call will be available on FLYHT's website. FLYHT specializes in providing airlines with actionable intelligence for operational efficiency and safety through patented hardware solutions.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) has announced its participation in two investor conferences. The OTC Markets Small Cap Virtual Investor Conference is on October 6, 2022, where Interim CEO Bill Tempany will present at 2:00 p.m. ET. Additionally, FLYHT will participate in the Windy City Roundup 2022 in Chicago on October 12-13, 2022, with presentations from Chairman Nina Jonsson and President Kent Jacobs on October 12 at 12:00 p.m. ET. Webcasts of both events will be available on the FLYHT website.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY, OTCQX:FLYLF) has engaged Satichi Consulting Inc. for corporate development and capital markets communication services. The agreement includes a CAD$5,000 monthly fee for 12 months, with 120,000 stock options awarded, subject to TSX approval. Satichi will focus on enhancing FLYHT's visibility in the financial community and coordinating investor roadshows in the U.S. Satichi's lead, Daniel Kim, brings 25 years of investment banking experience, reinforcing FLYHT's commitment to effective investor relations.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY, OTCQX:FLYLF) announced its participation in IATA's Aviation Cyber Security Strategic Partnerships program aimed at enhancing cybersecurity in the airline industry. This partnership allows FLYHT to contribute to industry standards and collaborate with aviation leaders on cybersecurity challenges. Jeff Viens, FLYHT's Director of Security, highlighted the importance of safeguarding against evolving security threats as airlines adopt more digital technologies. FLYHT's solutions, including patented hardware products, aim to improve aviation safety and efficiency.

FLYHT Aerospace Solutions Ltd. announces the appointment of Scott Chambers as VP Sales and Marketing and Murray Skelton as VP Business Development effective September 1, 2022. Chambers, with over 25 years in aviation sales, previously served at Teledyne Controls. Skelton brings 23 years of aviation experience in product development and marketing. CEO Bill Tempany highlighted their importance during the aviation sector's recovery. Additionally, Derek Taylor transitions to VP Strategic Opportunities. FLYHT has granted stock options for 40,000 shares at $0.82, vesting over three years.