Sector: Industrials | Industry: Aerospace & Defense |
Company Contact | |
Address: | #500, 1212 - 31 Avenue NE CALGARY AB T2E 7S8 |
Tel: | N/A |
Website: | https://flyht.com |
IR: | See website |
Key People | ||
Mary I. Mcmillan Executive Chairman of the Board | Kent Jacobs President, Interim Chief Executive Officer | Alana Forbes Chief Financial Officer |
Derek Taylor Vice President - Sales and Marketing | Darrel Deane Vice President - Solutions |
Business Overview |
FLYHT Aerospace Solutions Ltd. provides solutions for the aviation industry. The Company'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 an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight. The AFIRS Edge is a 5G wireless quick access recorder (WQAR), aircraft interface device (AID), and aircraft condition and monitoring system (ACMS). TAMDAR system is a sensor device installed on aircraft that captures temperature, atmospheric pressure, winds aloft, icing, turbulence, and relative humidity. FLYHT-WVSS-II is an externally mounted aircraft sensor that detects and reports water vapor as relative humidity. The Company's wholly owned subsidiary, CrossConsense, offers skilled services to the commercial aviation industry. |
Financial Overview |
For the nine months ended 30 September 2023, FLYHT Aerospace Solutions Ltd revenues decreased 4% to C$15.9M. Net loss increased 48% to C$2.6M. Revenues reflect Licensing segment decrease of 68% to C$1.9M, FLYHT'€™s technology segment decrease of 29% to C$4.8M, United States & Mexico segment decrease of 43% to C$4.8M, China segment decrease of 30% to C$965K, South / Central America segment decrease of 64% to C$56K. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $26.03M as of Sep 30, 2023 |
Annual revenue (TTM): | $23.14M as of Sep 30, 2023 |
EBITDA (TTM): | -$0.56M as of Sep 30, 2023 |
Net annual income (TTM): | -$1.84M as of Sep 30, 2023 |
Free cash flow (TTM): | $0.75M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $5.19M as of Sep 30, 2023 |
Shares outstanding: | 38,457,311 as of Oct 23, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |