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FLYHT Aerospace Solutions Ltd V.FLY

Alternate Symbol(s):  FLYLF

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.


TSXV:FLY - Post by User

Comment by uberliouson Nov 03, 2017 6:00am
148 Views
Post# 26899015

RE:Very disappointed.

RE:Very disappointed.Ya well I guess we are all disappointed with the quarter but the business is still chugging along quite nicely. Overall there were 3 negative issues on the quarter. a) High margin AirBus SatCom units were down. (parts)... b) Recurring revenue down due to 1 large customer...c) ERJ 190 STC taking forever...................................Now that the negatives are out of the way lets look at the positives.
The modified capitol is almost 4 million and growing.
2 of the ERJ 190 STC's are in and just waiting on the FAA.
We now have 50 Chinese aircraft using voice and data services. Only 3 of the 23 customers, lots of growth potential going forward.
Boeing and Inmarsat are using our solution for their upcoming product. Fact..
So ya, a few more short term headaches along Flyht's bumpy road to prosperity. I am very positive on where we are heading and happy to be a shareholder.
Uber



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