FLYHT Aerospace Solutions Ltd V.FLY

KRC Insights - Equity Research

[TechOne]

Q1/24: WITH RECEIPT OF 2 OUT OF 4 STCS AND BALANCE SHEET STRENGTHENED ($5.0M DEBENTURE), FLYHT IS POSITIONED TO COMMENCE EDGE DEVICE SALES. TARGET PRICE $1.80

https://flyht.com/wp-content/uploads/2024/06/FLY-24-Q1c.pdf

[RayDonovan78]

KRC ????  They could not hit the side of a barn on this one. Their price target have never been close !!!

[Coffeeme]

I have to say that KRC is out to lunch on these estimates. FLY just took $600K per year in interest payments on the $5M they borrowed and now have a servicable debt of close to $12M.  Edge has not been certified yet, but is close. Based on past sales experiences from FLY, they are more than a year out on seeing any significant revenues from the edge device. And even then based on past sales

[Agent86]

sad to watch this company keep spiralling down. Panasonic paid them to take it, squandered that money, got Covid money, now another dilution.  Short position doesnt have far to go. down from $.60 in april to $.24.