FLYHT Aerospace Solutions (TSE:FLY) has released an update.
FLYHT Aerospace Solutions Ltd. reported a positive first quarter in 2024, with a return to growth and a strong increase in SaaS and Technical Services revenues, which are now driving the company’s income. Gross margins have improved significantly, and the company has successfully narrowed its EBITDA loss, indicating a promising operating leverage potential. Concurrently, FLYHT has invested in product development and commercialization, including the 5G enabled AFIRS Edge™, positioning itself to tap into a substantial market opportunity with enhanced financial resources.
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