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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 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.


TSXV:FLY - Post by User

Post by CF105on Jul 09, 2024 8:20am
148 Views
Post# 36124068

Q1 2024 transcript available at alphaspread.com

Q1 2024 transcript available at alphaspread.com...at a site I have not visited before. No subcription or membership seems to be required. The name seems to be a play on seekingalpha.com where the transcripts are usually available.

https://www.alphaspread.com/security/xtsx/fly/earnings-calls/q1-2024


KJ: "It's only been a few weeks since I last updated you on our progress, but there is no shortage of energy across the FLYHT organization as we go to market with our innovative 5G aviation and weather solutions. This excitement is fueled by having completed substantial development on the Edge and Edge+, having physical product in-hand and having STCs for additional aircraft types on the way. We can now be out in the market aggressively telling our story and that is exactly what we're doing."

KJ: "With the financing transaction announced alongside our financial results, FLYHT has the capital it needs to support our growth plans and specifically to complete the development and certification of our new Edge solutions and to let us more aggressively pursue our commercialization efforts."

AF: "Our contracted backlog remains strong at $37.5 million, of which over half is in recurring services. Our near-term pipeline is promising with the team pursuing contracts totaling over $200 million. We remain diversified in our sales focus with about 45% of that pipeline focused on the Edge product line, 10% on weather and the remainder on our second-generation hardware, the 228 program, which has been going strong since 2012."


Questions answered about the C919, STCs, CrossConsense, design refresh of the 228, installations, gross margins, the wireless QAR mandate and market in China.
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