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 2020 FLYHT Aerospace Solutions Ltd Earnings Call Transcript

Nov 06, 2020 / 02:00PM GMT

Release Date Price: C$0.52

Transcript

Operator

Thank you for standing by. This is the conference operator. Welcome to the FLYHT Aerospace Solutions Third Quarter 2020 Results Conference Call. (Operator Instructions) If there are any outstanding questions at the end of the call, the company will be happy to take them by e-mail to [email protected].

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

William T. Tempany

FLYHT Aerospace Solutions Ltd. - CEO & Director

Thank you very much. Welcome to our Q3 report, everyone. It's been a really interesting quarter with all of the goings on around the world. And I think that people should be relieved and happy with the results that FLYHT posted yesterday. We understand that revenue is really down, but it's down roughly the exact percentage of the global aviation industry. One of the things that we did notice is that throughout the quarter, our recurring revenue started to come back. And we've had steady growth since the end of May in our recurring revenue month-over-month,

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