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