Topic: How To Invest

Pat: I would appreciate having your thoughts on the following company: FLYHT Aerospace Solutions. Thank you.

Article Excerpt

FLYHT Aerospace Solutions, $0.35, symbol FLY on Toronto (Shares outstanding: 170.4 million; Market cap: $60.2 million; www.flyht.com), supplies a number of products and services to the aviation industry. The company changed its name from AeroMechanical Services in 2012. The company’s products include the AFIRS UpTime data-collection device, which records flight information as it happens and relays it to the aircraft operator’s facilities by satellite. FLYHT also sells an emergency device called FLYHTStream that sends real-time data to the ground for immediate analysis. As well, it recently introduced the Dragon, a lightweight, portable satellite communication device that lets users access FLYHT’s technology with an iPad. In the three months ended September 30, 2014, the company’s revenue fell 17.1%, to $1.8 million from $2.2 million a year earlier. FLYHT lost $174 million, or $0.01 a share, compared to a loss of $615,950, or nil per share. In March 2014, the stock jumped from around $0.56 to as high as $0.80 before falling to around $0.30…