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FLYHT Aerospace Solutions Ltd.

FLYHT Aerospace Solutions Ltd.

FLY.V
FLYHT Aerospace Solutions Ltd.CA flagToronto Stock Exchange Ventures
0.34
CAD
-0.01
- -
13.26MMarket Cap
FLYHT Aerospace Solutions Ltd.
FLY.V
(Toronto Stock Exchange Ventures)

Recent

price

0.34

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
0.39
0.6
0.45
0.46
0.5
0.56
0.41
0.61
0.73
0.65
0.65
0.97
0.51
0.36
0.63
0.52
0.46
Revenue per Share
-1.05
-0.53
-0.86
-0.55
-0.38
-0.28
-0.26
-0.23
0.09
-0.09
-0.09
-0.03
-0.12
-0.19
-0.03
-0.1
-0.16
Basic EPS, GAAP
-0.88
-0.31
-0.64
-0.47
-0.46
-0.27
-0.32
-0.18
0.01
-0.02
-0.19
-0.13
0.02
-0.18
-0.02
0.02
-0.1
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-3.73
-4.08
-4.22
-4.25
-4.27
-4.16
-3.82
-3.92
-3.37
-0.42
-0.51
-0.3
-0.35
-0.27
-0.2
-0.3
-0.42
Book Value per Share
0.22
0.74
0.16
-0.38
-0.38
-0.16
-0.11
-0.29
0.09
0.06
- -
0.25
0.11
0.12
0.06
-0.04
-0.15
Tangible Book Value per Share
8
9
10
12
13
14
17
17
20
21
21
22
27
31
38
39
39
Basic Weighted Avg Shares
3
5
5
5
6
8
7
10
14
14
14
21
14
11
24
20
18
Sales/Revenue/Turnover
-266.97
-88.05
-206.14
-116.38
-70.57
-40.75
-49.22
-30.73
17
-10.69
-19.19
0.82
-19.94
-46.22
-1.57
-17.16
-31.52
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
1
1
Depreciation Expense
-9
-5
-9
-7
-5
-4
-4
-4
2
-2
-2
-1
-3
-6
-1
-4
-6
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
0.62
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-268.28
-88.9
-191.62
-119.68
-75.49
-50.79
-62.17
-37.21
11.95
-13.41
-14.47
-3.53
-23.71
-51.77
-4.2
-20.1
-35.67
Profit Margin (%)
1
8
4
-3
-3
-1
3
-5
2
2
3
7
3
5
4
- -
-1
Working Capital
- -
- -
2
3
3
2
6
- -
1
2
4
5
5
6
6
5
9
LT Debt
2
7
2
-4
-5
-2
-2
-5
2
1
- -
6
3
4
5
1
-3
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
112.94
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
-3.82
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
2
1
2
LT Borrowings
3
8
8
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
39
39
39
Market Capitalization
23
13
8

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
7
8
6
Cash, Cash Equivalents & STI
1
3
2
Accounts Receivable, Net
3
3
2
Inventories
1
1
2
Total Current Liabilities
8
7
7
Payables & Accruals
3
3
4
ST Debt
2
1
2
Deferred Revenue
2
2
1

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2,144.36%
-4,264.8%
-77.74%
Free Cash Flow
-94.95%
-315.67%
-182.5%
Net Income, GAAP
22.55%
114.68%
303.71%
Sales/Revenue/Turnover
16.83%
19.7%
-15.64%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
5
5
7
7
24
2023
5
6
5
4
20
2024
5
4
4
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.03
-0.03
0.02
- -
-0.03
2023
-0.04
- -
-0.02
- -
-0.1
2024
-0.02
-0.05
-0.06
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
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Business
FLYHT Aerospace Solutions Ltd., an FTG Company, provides real-time data communications, aircraft intelligence, and actionable software solutions to the global aviation industry; core products include the Automated Flight Information Reporting System (AFIRS) family such as AFIRS 228S satcom solutions, AFIRS EDGE WQAR for 5G connectivity and real-time data streaming including aircraft health monitoring (AHMS), fuel and APU usage optimization, fleet and turn management; additional offerings encompass Iridium SATCOM, emergency data streaming, flight following, OOOIs reporting, engine trending, FDR streaming, IoT gateway, avionics interfaces, EFB connectivity, wireless quick access recorder (WQAR), relative humidity sensors via FLYHT-WVSS-II for weather observations and contrail avoidance, and JetBridge Apps for operational intelligence integrating airline, airport, and aircraft data. The company serves over 100 airlines worldwide including WestJet, Air Canada, Frontier Airlines, Air China, Lufthansa, Wizz Air, and easyJet, as well as airframers such as Airbus, Boeing, Bombardier Aerospace, and De Havilland; services target operational efficiency, safety, sustainability, and profitability through hardware, software, weather sensors, and consulting including AMOS support, aviationDW, ACSIS, data migration, and business intelligence. Founded in 1998 and headquartered in Calgary, Alberta, Canada, with offices in the United States and Germany, FLYHT operates as a wholly-owned subsidiary of Firan Technology Group Corporation (TSX: FTG) following the completion of its acquisition on December 20, 2024, in a cash-and-share transaction valued at approximately CAD$13.2 million; this strategic move enhances FTG's presence in the commercial aerospace aftermarket and Airbus platforms via licensing, supports ramped sales of FLYHT products, and enables insourcing of manufacturing. Recent developments include a November 2024 order from WestJet for AFIRS 228S installations on Boeing 737 MAX-10 aircraft and ongoing advancements in 5G, edge computing, and AI-driven solutions via proprietary JetBridge technology.