FLYHT Aerospace Solutions Ltd. (V:FLY)
Business Focus: Aerospace & Defense (NEC)
| 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. is a Canada-based company, that provides solutions for the aviation industry. The Company products include Automated Flight Information Reporting System (AFIRS) and Tropospheric Airborne Meteorological Data Reporting (TAMDAR). Its AFIRS is a device installed on aircraft that captures and monitors essential functions from the aircraft, including data recorded by the flight data recorder (the Black Box). Its AFIRS is a satcom aircraft interface device, which enables real-time streaming of flight information, cockpit voice and black box data streaming. Its TAMDAR system is a sensor device installed on aircraft that captures temperature, pressure, winds aloft, icing, turbulence and relative humidity. The Company provides two-way text messaging to the flight deck through the multi-control display unit (MCDU) or an iPad application. |
| Financial Overview |
| For the nine months ended 30 September 2021, FLYHTAerospace Solutions Ltd revenues decreased 14% to C$8.8M.Net loss increased from C$1.2M to C$3.4M. Revenues reflectLicensing segment decrease of 9% to C$1.2M. Higher net lossreflects Other Income decrease from C$807K (income) to C$0K, Salaries and Benefits increase of 32% to C$3.2M (expense).Basic Earnings per Share excluding Extraordinary Itemsdecreased from -C$0.05 to -C$0.12. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $28.15M as of Sep 30, 2021 |
| Annual revenue (TTM): | $12.17M as of Sep 30, 2021 |
| EBITDA (TTM): | -$6.13M as of Sep 30, 2021 |
| Net annual income (TTM): | -$5.41M as of Sep 30, 2021 |
| Free cash flow (TTM): | -$4.82M as of Sep 30, 2021 |
| Net Debt Last Fiscal Year: | $0.70M as of Sep 30, 2021 |
| Shares outstanding: | 36,416,109 as of Sep 30, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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