FLYHT Aerospace Solutions Ltd (TSXV:FLY)
C$ 0.36 0.01 (2.86%) Market Cap: 14.04 Mil Enterprise Value: 20.22 Mil PE Ratio: 0 PB Ratio: 40.00 GF Score: 29/100
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Q3 2019 FLYHT Aerospace Solutions Ltd Earnings Call Transcript

Nov 27, 2019 / 02:00PM GMT
Release Date Price: C$1.26 (-3.08%)
Operator

Welcome to the FLYHT Aerospace Solutions Third Quarter 2019 Results Conference Call. (Operator Instructions)

I would now like to turn the conference over to Tom Schmutz, Chief Executive Officer for FLYHT. Please go ahead, Mr. Schmutz.

Thomas R. Schmutz
FLYHT Aerospace Solutions Ltd. - CEO

Thank you, Claudia, and good morning to everyone. Thank you for joining us today to review our financial results for the third quarter of 2019.

In the third quarter, we continued to build upon the momentum we generated from our financial and operational success in the first half of the year to generate another successful quarter for FLYHT. From a financial perspective, the quarter was highlighted by an 88% increase in revenue and other income to $5.8 million, a 42% improvement in EBITDA to a minus $461,000 and a positive net income for the first 9 months of the year.

Quickly digging into revenues. Each of our revenue segments grew considerably in relation to the third quarter of last year. Software as a Service or SaaS revenues increased 131%.

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