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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  FLYHT Aerospace Solutions Ltd.    FLY   CA30252U3038

FLYHT AEROSPACE SOLUTIONS LTD.

(FLY)
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FLYHT Aerospace : Confirms No Un-Released Material News

10/14/2020 | 07:05am EST

CALGARY, Alberta, Oct. 14, 2020 (GLOBE NEWSWIRE) -- At the request of IIROC, FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “Flyht”) wishes to confirm that the Company’s management is not aware of any material change in the Company’s operations that would account for the recent increase in market activity. Flyht recently commenced an investor relations program to communicate the Company’s intention to focus on the SaaS portion of its business and not be reliant on hardware sales to return to growth.

Flyht provides an essential service to our customers for operations and maintenance reporting, aircraft satellite communications, aircraft health monitoring and flight following. This return to our roots is being recognized as essential by 68% of airlines in a recent survey by anna.aero who stated that they plan to use digital transformation and artificial intelligence to assist in the cost and speed of recovery of their businesses.

About FLYHT Aerospace Solutions Ltd.

Flyht provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, delivering industry leading solutions to improve aviation safety, efficiency and profitability. This unique capability is driven by Flyht’s patented aircraft certified hardware products including AFIRS™, a satcom aircraft interface device which enables real-time streaming of flight information, cockpit voice and black box data streaming and TAMDAR™, which aggregates and streams airborne weather data in real-time. Flyht is headquartered in Calgary, Canada with an office in Littleton, Colorado, and is an AS9100 Quality registered company. For more information, view our latest presentation here, or visit www.flyht.com.

Contact Information: 
  
FLYHT Aerospace Solutions Ltd.FNK IR LLC
Alana Forbes  Matt Chesler, CFA
Chief Financial Officer Investor Relations
403.291.7437     646.809.2183
aforbes@flyht.com       flyht@fnkir.com 
investors@flyht.com  

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 


Flyht_Logo_Color.png

Source: FLYHT Aerospace Solutions Ltd.

2020 GlobeNewswire, Inc., source Press Releases

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Financials
Sales 2020 15,8 M 12,4 M 12,4 M
Net income 2020 -3,32 M -2,61 M -2,61 M
Net Debt 2020 - - -
P/E ratio 2020 -6,81x
Yield 2020 -
Capitalization 21,1 M 16,5 M 16,6 M
Capi. / Sales 2020 1,34x
Capi. / Sales 2021 1,31x
Nbr of Employees -
Free-Float 96,4%
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FLYHT Aerospace Solutions Ltd. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price
Last Close Price 0,79 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers and Directors
NameTitle
William T. Tempany Chairman & Chief Executive Officer
Alana Forbes Chief Financial Officer
Derek Graham Chief Technical Officer
Douglas Gordon Marlin Vice Chairman
Michael W. Brown Independent Director
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