Follow this link to the news at Flyht's site.
https://flyht.com/investors/news-and-media/view/flyht-reports-fourth-quarter-and-full-year-2021-results/ “FLYHT has made tremendous strategic and operational progress as we navigated the ongoing challenges besetting the global aviation industry these past two years,” said Bill Tempany, Interim CEO. “We advanced our efforts to build one of the industry’s premier platforms for Actionable Intelligence, creating multiple, durable revenue streams and positioning the company as a trusted, critical, value-adding partner for a growing list of customers. We are well positioned to serve our customers as they see more normalized flight activities across their businesses.”
“Our financial results in the fourth quarter reflect the choppiness of the recovery from the pandemic that is affecting the global aviation industry. While our revenues declined compared to last year’s strong fourth quarter, we have continued to invest in R&D as part of our transition to a SaaS driven model, and maintain a strong balance sheet. We are confident that our strategic investments will show results in 2022 as the aviation recovery unfolds.”
Concluded Tempany, “We enter 2022 with the right tools to support our airline customers. In particular, CrossConsense provides us with a maintenance capability and fulfills our goal to increase our presence in the European and Middle East markets, and we have already identified several customers who will benefit and are engaging with them. Additionally, the Edge platform delivers unprecedented capabilities to provide a replacement for the old 2G-3G systems installed on 4,000+ aircraft with a device that supports 3G, 4G and 5G, Iridium Certus, Bluetooth, Wi-Fi, and connection through virtual and in-flight entertainment systems. These are two of the initiatives which underscore our confidence in FLYHT’s outlook.”
("2021 annual results reflect a full year of pandemic impact in 2021 versus three quarters in 2020.")
FLYHT will host a conference call to discuss its fourth quarter and full year 2021 financial results on April 7, 2022, at 7:30 am MT (9:30 am ET). The conference call will include a brief presentation from FLYHT’s Interim CEO Bill Tempany and CFO Alana Forbes followed by a question-and-answer session. To access the conference call by phone within Canada and the U.S., the toll-free number is 1-800-319-4610. Outside Canada and the U.S., dial 1-604-638-5340. Callers should dial in five to ten minutes prior to the scheduled start time.
Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call can do so by pressing *1. Questions can be emailed in advance or during the conference call to investors@flyht.com. An archive of the conference call will be posted on the Investor Communications section of FLYHT’s website following the meeting.