FLYHT’s new management appears to have addressed the financial challenge that faced the company. This should remove the shackles from the equity and allow focus to return to the trading outlook. The growing recurring revenues and reduction in losses are encouraging, with the main product mandated only in China and at airline option elsewhere. If sales momentum can be maintained and regulatory adoption increased, a move to sustained profitability and cash generation should be feasible.
FLYHT AEROSPACE SOLUTIONS LT
12 Jan 16