TSXV:FLY - Post Discussion
Post by
CF105 on Nov 02, 2022 8:16am
CEO comments regarding the Q2 financials
(re Q2 2022 results) Added Tempany: "Delivery in Q2 of the first few shipments of modems and associated licenses under the purchase order for $5.65 million USD announced on May 4, 2022 contributed to our Q2 increases in the Licensing revenue category. We anticipate delivering on the full purchase order requirements over the remaining quarters of 2022, which will more than provide the funding for FLYHT to execute on our business plan.”
(Separately) “Revenue of $4.9 million would have been even stronger without licensing shipment delays resulting from short-term supply chain issues at quarter end. Shipments of licensing revenue in the first week of Q3 which were originally scheduled for Q2 amounted to another $900k”.
Hopefully whatever this issue was has been ironed out and there were no shipment delays in Q3.
With Edge certification coming late in Q3 (and, therefore, no revenue from sales of it as yet), licensing revenue will be key to Flyht's making a profit in Q3.
Will be interesting to find out if the CrossConsense acquisition has meant crossover sales as yet.
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