Sector: Industrials | Industry: Aerospace & Defense |
See Regulatory Filings on SEDAR |
Company Contact | |
Address: | 200W, 1144 - 29TH AVENUE NE CALGARY AB T2E 7P1 |
Tel: | N/A |
Website: | flyht.com |
IR: | See website |
Key People | ||
Nina Jonsson Chairman of the Board | William T. Tempany Interim Chief Executive Officer, Director | Alana Forbes Chief Financial Officer |
Derek Taylor Vice President - Sales and Marketing | Darrel Deane Vice President - Solutions |
Business Overview |
FLYHT Aerospace Solutions Ltd. (FLYHT) is a Canada-based company that provides solutions for the aviation industry. FLYHT's aircraft certified hardware products include Automated Flight Information Reporting System (AFIRS), AFIRS Edge, Tropospheric Airborne Meteorological Data Reporting (TAMDAR) and FLYHT-WVSS-II. AFIRS is a satcom aircraft interface device, which enables real-time streaming of flight information, cockpit voice and black box data streaming. AFIRS Edge is a 5G wireless quick access recorder and satellite data communications device. TAMDAR and the FLYHT-WVSS-II delivers airborne weather and humidity data in real-time. TAMDAR system is a sensor device installed on aircraft that captures temperature, pressure, winds aloft, icing, turbulence and relative humidity. Its hardware products also include the AFIRS Controller, a multi-purpose flight deck control head. It also provides two-way text messaging capabilities to the flight deck through the multi-control display unit. |
Financial Overview |
For the three months ended 31 March 2022, FLYHT Aerospace Solutions Ltd revenues increased 87% to C$5M. Net loss increased 41% to C$1.3M. Revenues reflect Hardware segment increase from C$832K to C$2.1M, Licensing segment increase from C$182K to C$1.1M, United States & Mexico segment increase from C$1.1M to C$2.2M, Canada segment increase from C$756K to C$1.6M. Higher net loss reflects other increase from C$313K (income) to C$108K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $25.35M as of Mar 31, 2022 |
Annual revenue (TTM): | $13.66M as of Mar 31, 2022 |
EBITDA (TTM): | -$5.34M as of Mar 31, 2022 |
Net annual income (TTM): | -$6.23M as of Mar 31, 2022 |
Free cash flow (TTM): | -$4.74M as of Mar 31, 2022 |
Net Debt Last Fiscal Year: | $3.98M as of Mar 31, 2022 |
Shares outstanding: | 38,316,876 as of Mar 31, 2022 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |