FLYHT Aerospace Solutions Ltd V.FLY

Alternate Symbol(s): FLYLF

Industrials Aerospace & Defense

FLYHT Aerospace Solutions Ltd. provides solutions for the aviation industry. The Company's aircraft certified hardware products include AFIRS Edge, Automated Flight Information Reporting System (AFIRS), FLYHT-WVSS-II, and Tropospheric Airborne Meteorological Data Reporting (TAMDAR). Its actionable intelligence solutions include Wireless Quick Access Recorder (WQAR), Aircraft Interface Device, FleetWatch, FuelSens, and ClearPort. The AFIRS solutions include an aircraft satcom/interface device that enables cockpit voice communications, the transmission of aircraft data both inflight via satellite and post-flight via 5G, real-time aircraft state and fleet status analysis, and preventative maintenance solutions. Its hardware products can also be interfaced with its proprietary relative humidity sensors to deliver airborne weather and humidity data in real-time. The FLYHT-WVSS-II is an aircraft sensor. The TAMDAR system is a sensor device installed on aircraft.

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FLYHT Aerospace Solutions Ltd

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Post by uberliouson Nov 14, 2023 6:48am

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Post# 35733670

From Hardware to SAAS

When Covid hit the Airline industry if figured the jig was up for Flyht, Crash & Burn.
I Was very wrong. Our former CEO Bill made what I believe to be a company transforming
move . A shift to a high margin SAAS company. And this line item continues to grow by double digits quarterly. Quarter over quarter we were down 1 million even though we were down 3 million on the license side. Not bad but also not where we need to be.

The STC on the Edge is what is needed. Everything hynges on the Edge moving forward.
NOAA and MET are betting on the Edge as well with our contracts in hand with them.
The company in the mean time is doing good , conserving its cash and living within
its means.
Uber

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