Updated Spring 2022 presentationHere is a link to the latest presentation. While the web text name of the presentation is the same as its predecessor, this is V4.
https://flyht.com/wp-content/uploads/2022/06/FLYHT_Invst_Pres_V4.pdf Snips from... (hope the post mechanism formatting is kind)
FLYHT Has The Right Tools To Meet Industry Needs
- The 2019 business is still there, just stalled by COVID
- Massive opportunities coming from change – communications, environmental pressures, COVID pressures
- Regulatory changes for 5G roll out huge opportunity
- Strong relationships in China (for Comac’s) C919 and ARJ21
- Reporting for Net Zero regulated in Europe, coming everywhere
FLYHT Is Set Up For Significant Growth
- Just closed largest order in history, >$7 million @ 86% margin
- Sales pipeline of more than 15 opportunities of this magnitude
- Strong financial position to deliver the organic plans
- 2022 revenue estimated at ~$24 million
- Existing revenue 45% SaaS @ 65% margin
Edge™ Drives The Future
- Major carriers looking for (mandatory) solutions to 2G, 3G, 4G obsolescence
- 2G/3G being discontinued now, and 4G soon after
- Edge retrofit market in the 25k unit range because of 5G demand
- Edge can run all FLYHT software plus many third-party applications
- $1 billion opportunity for this marketplace
- SaaS TAM >40% of total
- Majors are leading the way because of network distribution
- Launch customers for Edge imminent (Coral Jet announced a few days ago)
- Line fit replacement for two largest incumbents
Why We Are Going To Win
- (new partnership) opens Flyht up to SITA’s 18,000 aircraft customer base
- AWS has very large marketing presence and we have AWS Certified solutions
- We have 100% referenceable AFIRS customers
- Edge is “first to market” to meet regulatory change requirements
- Weather is growth market in ESG
- Maintenance is every airline’s Achilles heel
(Other)
- Undervalued stock - 2019 revenue was $21 million, share price was $1.80 (while) 2022 revenue projected to exceed $21 million (by 15%), yet share price is only $0.75
- $31 million current backlog