Covid was difficult because FLYHT revenue at the time was primarily based on flights and flight hours. (Revenue from weather data was becoming important as would revenue from subsidiary CrossConsense.)
Management has stated that FLYHT does not as yet have competition in the 5G space.
Teledyne’s WQAR... 3G/4G/LTE cellular technology and IP Broadband connectivity
. GroundLink® Comm + System FLYHT’s Edge+... AFIRS Edge™ Industry First 5G WQAR / AID.
AFIRS Edge™ enables Wi-Fi, IP connectivity via 5G, ACARS, and SatCom in a single LRU.
Selling point... “Did you know that 4G LTE is expected to sunset after 2030? Don't waste time and money on 4G LTE and upgrade straight to 5G available today. 5G is expected to operate well beyond 2040 to provide your equipment with the longest lifespan available on the market today.”
https://flyht.com/airborne-hardware/afirs-edge/ FLYHT’s recent debenture addresses funding for the numerous STCs FLYHT needs.
AFIRS 228... a long list of STCs have been acquired. See the latest financial report for a table or follow the link below.
Not as long a list, but still a long list, of STCs will be required for the flange-mount Edge, and for the 4MCU Edge+.
The WVSS-II will require STCs also, but I expect that list will be substantially shorter.
See slide 9 in the June presentation for a table of the currently-held STCs for the AFIRS 228 and for the status of STC acquisitions for the Edge, Edge+ and WVSS.
https://flyht.com/wp-content/uploads/2024/06/FLY_Invst_Pres_June-2024-Q1-2024.pdf Principal jurisdictions... Canada, USA, Europe, China.
Airbus and Boeing make up the bulk of the global commercial fleet. Other airframers of note are ATR, Bombardier, Embraer and Comac.
June 11, 2024, management re STCs for the flange mount Edge: “We are now in a leadership position to provide the aviation industry’s first wireless data and communications device with 5G capability on the two most popular aircraft types, the Airbus A320 and Boeing 737 NG.”