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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
Tel: N/A
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