Q: What is making FLT come alive?
5i Research Answer:
'Alive' is the right phrase, with the stock up 335% this year. All things drone related have caught on fire, with NATO increasing defence spending, and the US pushing further for drone development and increasing budgets. FLT has won some NATO contracts and also has announced several financings, with institutional investor support, in the last several months. Note the stock is about 10X revenue right now, the company is losing money and continues to have negative cash flow. Only one analyst covers the company and we would still consider it highly speculative.