Calgary, Alberta – August 7, 2019 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today reported financial results for the quarter ended June 30, 2019.
”The second quarter was the best financial quarter in the Company’s history,” said Tom Schmutz, CEO. “We are very pleased to have posted three consecutive positive income quarters.”
Second Quarter 2019 Results
FLYHT’s balance sheet ended the quarter with:
An issue experienced with the system used to calculate FLYHT’s backlog number resulted in an error in the backlog numbers previously reported at the end of Q1 and Q2 2019. Those numbers have been updated to $59.0 and $54.8 million CAD from $61.9 and $58.0 million CAD respectively.
FLYHT’s Q2 2019 Report, which contains more detailed information including the CEO’s Message, Management Discussion and Analysis and Financial Statements, has been posted to the Company’s website and can be accessed at http://cn.flyht.com/financial-reports/. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.
FLYHT will host a live conference call to discuss its second quarter financial results on Thursday, August 8, 2019 at 7 am MDT (9 am EDT, 6 am PDT). The conference call will include a brief presentation about FLYHT’s second quarter and will be followed by a question and answer period with management.
To access the conference call by phone within Canada and the U.S.A., the toll-free number is 1-800-319-4610. Outside Canada and the U.S.A., dial 1-604-638-5340. (Callers should dial in five to 10 minutes prior to the scheduled start time).
Management will accept questions by telephone and e-mail. Individuals wishing to ask a question during the call, can do so by pressing *1. Questions can be emailed in advance or during the conference call to firstname.lastname@example.org.
An archive of the conference call will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available from the conference call provider.
About FLYHT Aerospace Solutions Ltd.
FLYHT’s mission is to improve aviation safety, efficiency and profitability. Globally, and for more than 20 years, airlines, leasing companies, fractional owners and original equipment manufacturers have installed FLYHT’s differentiated aircraft and enterprise-based solutions to deliver real-time, flight-deck, satellite connectivity for tracking, health monitoring, and streaming of operational, maintenance and weather data. FLYHT is publicly traded as FLY in Canada on the TSX.V; and as FLYLF in the USA on the OTCQX. FLYHT is based in Calgary, Canada with an office in Littleton, Colorado and is an AS9100 Quality registered company. For more information visit www.cn.flyht.com.
 EBITDA: defined as earnings before interest, income tax, depreciation and amortization (a non-GAAP financial measure).
|FLYHT Aerospace Solutions Ltd.|
Chief Financial Officer
|Canada Investor Relations:|
Adelaide Capital Markets Inc.
|U.S. Investor Relations:|
Gateway Investor Relations
Matt Glover or Charlie Schumacher
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