FLYHT Aerospace Solutions Ltd (TSXV:FLY)
C$ 0.405 0.025 (6.58%) Market Cap: 15.79 Mil Enterprise Value: 21.97 Mil PE Ratio: 0 PB Ratio: 45.00 GF Score: 31/100
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Q1 2020 FLYHT Aerospace Solutions Ltd Earnings Call Transcript

May 07, 2020 / 01:00PM GMT
Release Date Price: C$0.6
Operator

Thank you for standing by, this is the conference operator. Welcome to the FLYHT Aerospace Solutions first quarter conference call. (Operator Instructions)

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

Thomas R. Schmutz
FLYHT Aerospace Solutions Ltd. - CEO

Thank you, Carl. I hope everybody that's listening is healthy and safe. This conference call is being recorded and will be published on FLYHT's website under presentations and webcasts within a day or so of this broadcast. After Alana and my presentations, we'll answer any e-mailed questions and then take live questions.

FLYHT finished Q1 2020 with approximately $5.3 million in revenue and with a positive EBITDA of approximately $730,000. This performance was driven by best-ever quarters in software-as-a-service and licensing revenues. However, by the time the quarter finished, the COVID-19 pandemic was ranging and the landscape for FLYHT and most other corporations had changed in significant ways. Despite this,

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