Flyht Aerospace Stock Price, News & Analysis

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) will present at the Global Chinese Financial Forum on April 21, 2022, at 9:10 AM PT. CFO Alana Forbes and VP Michael Li Fang will discuss investment opportunities in innovation during this virtual, bilingual event focused on the Chinese investment community in North America. The event is free to attend, and an archived presentation will be available afterward on FLYHT's website. FLYHT specializes in providing actionable intelligence to airlines through advanced technologies, enhancing aviation safety and efficiency.

FLYHT Aerospace Solutions Ltd. reported its Q4 and full-year 2021 financial results, revealing a 25% decline in Q4 revenue to $2.53 million due to pandemic impacts. Despite a 641% growth in licensing revenues, overall revenues dropped from $3.38 million in Q4 2020. The annual revenue decreased 17% to $11.32 million, with net loss rising to $5.86 million. Operating expenses were down 8% year-over-year, focusing on R&D. FLYHT maintains a solid balance sheet with $4.52 million in cash, preparing for a recovering aviation market.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) will host a conference call on April 7, 2022, at 7:30 a.m. MT to discuss its fourth quarter and full year results for 2021. The call will feature a brief presentation by Interim CEO Bill Tempany and CFO Alana Forbes, followed by a Q&A session. Interested participants can join through provided phone numbers. An archive of the call will be made available on FLYHT's website post-event.

FLYHT Aerospace Solutions Ltd. has completed its acquisition of CrossConsense GmbH & Co. KG, enhancing its maintenance capabilities and expanding its presence in Europe and the Middle East. This strategic move is anticipated to accelerate FLYHT's goals, enabling growth and synergy across products, staff, and customer bases. The acquisition brings together complementary offerings in aviation maintenance software, with a target on enhancing operational efficiencies.

FLYHT Aerospace Solutions Ltd. (FLYLF) has partnered with Swoop Airlines to reduce emissions by minimizing Auxiliary Power Unit (APU) usage, supported by a $150,000 grant from Alberta Innovates. This real-time APU monitoring program aims to decrease CO2 emissions and provide cost savings by optimizing APU run times, which consume about 250 lbs of fuel per hour. The initiative leverages FLYHT's AFIRS technology, enhancing operational efficiency for more than 80 airline customers worldwide. The collaboration underscores a commitment to environmental sustainability in aviation.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) has secured approval from the TSX Venture Exchange for the acquisition of CrossConsense GmbH & Co. KG, a strategic move aimed at enhancing FLYHT's maintenance capabilities and expanding its market presence in Europe and the Middle East. The deal, valued at CAD$1,250,000 in cash and 1,900,000 common shares, is anticipated to close following final approval from the German government. This acquisition aligns with FLYHT's objective to boost operational efficiency and capitalize on new market opportunities.

FLYHT Aerospace Solutions Ltd. (OTCQX:FLYLF) has appointed aviation expert Bruce Gowling as the Director of Digital Transformation & Data Solutions. With nearly 30 years of industry experience, Gowling is expected to enhance FLYHT's Actionable Intelligence offerings, particularly through new capabilities from the pending acquisition of CrossConsense. His role aims to accelerate the adoption of FLYHT's solutions in commercial aviation, thereby positioning the company as a leading SaaS provider.

FLYHT Aerospace Solutions Ltd. announced its participation in the Winter Wonderland Best Ideas Investor Conference, scheduled for February 8-9, 2022. Management, including President Kent Jacobs and CFO Alana Forbes, will present on February 8 at 1:30 PM ET, followed by a Q&A session. One-on-one meetings with investors will occur on February 10-11, 2022. Interested shareholders can access the webcast via the provided link. FLYHT specializes in aviation solutions that enhance safety and efficiency through patented technologies.

FLYHT Aerospace Solutions Ltd. (TSXV:FLY)(OTCQX:FLYLF) has announced a reseller agreement with SITA for its AIRCOM^® Cockpit Services, targeting the Iridium Certus market. This partnership aims to enhance inflight satellite internet connectivity for FLYHT's AFIRS Edge customers. SITA integrated Iridium Certus into its portfolio last year, supporting over 18,000 aircraft globally. FLYHT anticipates that this collaboration will improve fuel efficiency and reduce emissions, further broadening its service reach to smaller regional airlines.