Post by
Sammc10 on May 29, 2024 9:08pm
Review of FLYHT's Q1 results
I've finished my notes from the press releases and the filing. For anyone interested - go to the comments section of following post (link below).
https://app.breakoutinvestors.com/research/7712/FLYHT%20Reports%20First%20Quarter%202024%20Results
My very brief takeaway:
Overall the quarter was a mixed bag. The lumpy parts of the business were weak yet again. Especially disappointed to see hardware come in low yet again. SaaS also fell slightly. The suprising star of the business is yet again the technical services segment. It's showing some impressive growth and is making up for weak 228 sales.
Cash concens are gone thanks to the new credit facility. I remain very bullish on prospects for the Edge and the WVSS, and expect this to convert into revenues in H2.