Q: What are the prospects for future growth? Thanks.
5i Research Answer:
FLT is a Canadian company specializing in aerial intelligence and logistics solutions. It is a small name ($90M market cap), but analysts expect strong sales growth in the coming years, and it is slightly cash flow positive. It is not yet profitable, but valuations are fairly low (1.6X forward sales and 2.5X book). It has a decent balance sheet, and recent momentum has been positive. We think it looks interesting here, although highly unprofitable, it trades thinly, and it is quite small in size. But, future growth prospects look good here.