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 Automated Flight Information Reporting System (AFIRS), AFIRS Edge, Tropospheric Airborne Meteorological Data Reporting (TAMDAR) and FLYHT-WVSS-II. AFIRS is an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight. The AFIRS Edge is a 5G wireless quick access recorder (WQAR), aircraft interface device (AID), and aircraft condition and monitoring system (ACMS). TAMDAR system is a sensor device installed on aircraft that captures temperature, atmospheric pressure, winds aloft, icing, turbulence, and relative humidity. FLYHT-WVSS-II is an externally mounted aircraft sensor that detects and reports water vapor as relative humidity. The Company's wholly owned subsidiary, CrossConsense, offers skilled services to the commercial aviation industry.

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FLYHT Aerospace Solutions Ltd > Q4 2023 CC transcript available at seekingalpha

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Comment by RayDonovan78on Apr 26, 2024 12:16pm

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Post# 36009607

RE:Re: Q4 2023 CC transcript available at seekingalpha

Ohhh, The next quarter....next quarter......No suprise.. Once again I was right !!

CF105 wrote: A few comments of interest to me from the CC...

AF: "We anticipate that the associated revenue in our contracted backlog starts being realized in the second half of 2024."

AF: "Our backlog remains constant ($38 million). Our top line sales pipeline is at $220 million now. And the probable value is at $82 million."

KJ: "(we) think that the AFIRS 228 is going to have a much stronger year in 2024, we see it as extending out even further than previously thought. The AFIRS 228 is going to be a relevant strong Iridium Satcom provider for years to come".

KJ, re AFIRS re-design: "...refresh the product and design out the end of life components", estimated completion date of August followed by certification done by the partner. (Our) partner continues to sell from the inventory of their large order in 2022. "...anticipating that the revenues are going to continue out into 2028, 2029 for this product line".

KJ, re Edge flange-mount: "first installations...underway".

AF: "We're doing everything that we can to make sure that what we're spending is what's provided by the sustaining business. We're actively pursuing various funding programs through government programs in all of our jurisdictions. We continue to work under cost constraints as much as possible. And we're doing everything we can to live within our means and we'll continue to do so."

To read all,

https://seekingalpha.com/article/4686364-flyht-aerospace-solutions-ltd-flylf-q4-2023-earnings-call-transcript