HOVR
New Horizon Aircraft Ltd.
Price Chart
Latest Quote
$1.30
+0.03 (+2.36%)
Current Price
| Previous Close | $1.27 |
| Open | $1.30 |
| Day High | $1.33 |
| Day Low | $1.27 |
| Volume | 598,780 |
Stock Information
Note: Financial values converted from CAD to USD
| Shares Outstanding | 67.12M |
| Total Debt | $38K |
| Cash Equivalents | $49.81M |
| Net Income | $-18.67M |
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Market Cap | $87.26M |
| EPS (TTM) | $-0.41 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $23.53M |
| Income | $-18.67M |
| Book/sh | $0.65 |
| Cash/sh | $1.04 |
| Employees | 58 |
Financial Ratios
| Quick Ratio | 29.14 |
| Current Ratio | 30.19 |
| Debt/Eq | 0.08 |
Returns & Margins
| ROA | -36.08% |
| ROE | -66.94% |
Ownership
| Insider Ownership | 20.49% |
| Institutional Ownership | 6.74% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -2.04 |
| P/B | 2.00 |
Analyst Data
| Recommendation | none |
| Target Price | $8.43 |
Technical Indicators
| SMA20 | $1.47 |
| SMA50 | $1.62 |
| SMA200 | $1.89 |
| RSI | 18.75 |
| ATR | 0.0769 |
| Shares Float | 54.32M |
| Short Float | 4.46% |
| Short Ratio | 4.94 |
| Volatility | 3.84 |
| Rel Volume | 1.05 |
Performance History
| Week | -3.35% |
| Month | -23.53% |
| Quarter | -18.24% |
| 6 Months | -34.67% |
| YTD | -20.25% |
| Year | -52.21% |
| 3 Years | -87.71% |
| 10 Years | -87.27% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-10-27 | $1.30 | 599,500 |
| 2026-10-26 | $1.27 | 409,400 |
| 2026-10-23 | $1.28 | 378,400 |
| 2026-10-22 | $1.30 | 466,600 |
| 2026-10-21 | $1.35 | 524,800 |
| 2026-10-20 | $1.35 | 388,500 |
| 2026-10-19 | $1.39 | 471,300 |
| 2026-10-16 | $1.38 | 418,000 |
| 2026-10-15 | $1.41 | 634,200 |
| 2026-10-14 | $1.38 | 1,219,400 |
| 2026-10-13 | $1.46 | 666,200 |
| 2026-10-12 | $1.51 | 721,400 |
| 2026-10-09 | $1.55 | 1,184,300 |
| 2026-10-08 | $1.53 | 671,000 |
| 2026-10-07 | $1.60 | 577,000 |
| 2026-10-06 | $1.60 | 580,500 |
| 2026-10-05 | $1.63 | 567,600 |
| 2026-10-02 | $1.68 | 278,000 |
| 2026-10-01 | $1.67 | 301,400 |
| 2026-09-30 | $1.70 | 327,200 |
| 2026-09-29 | $1.70 | 289,600 |
| 2026-09-28 | $1.70 | 352,500 |
About New Horizon Aircraft Ltd.
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, engages in designing and building hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It also designs and delivers Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.
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Income Statement (Annual)
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $0 | $0 | $0 | $0 |
| Operating Revenue | $0 | $0 | $0 | $0 |
| Reconciled Cost Of Revenue | - | - | - | - |
| Cost Of Revenue | - | - | - | - |
| Expenses | ||||
| Total Expenses | $16,759,027 | $9,701,354 | $3,302,102 | $1,189,993 |
| Other Income Expense | $-7,354,748 | $13,326,954 | $-2,408,735 | $4,398,995 |
| Other Non Operating Income Expenses | $359,204 | $-7,141 | $410,620 | - |
| Net Non Operating Interest Income Expense | $479,176 | $87,837 | $-116,402 | $3,725,164 |
| Operating Expense | $16,759,027 | $9,701,354 | $3,302,102 | $1,189,993 |
| General And Administrative Expense | $7,301,188 | $7,087,666 | $2,673,675 | - |
| Total Other Finance Cost | - | $-87,837 | $116,402 | - |
| Other Operating Expenses | - | - | - | $1,189,993 |
| Interest Expense | - | - | - | - |
| Interest Expense Non Operating | - | - | - | - |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,151,881 |
| Net Interest Income | $479,176 | $87,837 | $-116,402 | $3,725,164 |
| Interest Income | $479,176 | $87,837 | - | $3,725,164 |
| Normalized Income | $-15,920,647 | $-9,620,658 | $-3,007,884 | $2,249,163 |
| Net Income From Continuing And Discontinued Operation | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,151,881 |
| Total Operating Income As Reported | $-16,759,027 | $-9,701,354 | $-3,302,102 | $-1,189,993 |
| Net Income Common Stockholders | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,151,881 |
| Net Income | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,151,881 |
| Net Income Including Noncontrolling Interests | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,151,881 |
| Net Income Continuous Operations | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,151,881 |
| Pretax Income | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,934,165 |
| Special Income Charges | $0 | $15,282,222 | $0 | - |
| Interest Income Non Operating | $479,176 | $87,837 | - | $3,725,164 |
| Operating Income | $-16,759,027 | $-9,701,354 | $-3,302,102 | $-1,189,993 |
| Gross Profit | - | - | - | - |
| Per Share | ||||
| Diluted EPS | $-0.55 | $0.12 | $-0.54 | $0.37 |
| Basic EPS | $-0.55 | $0.14 | $-0.54 | $0.37 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $496,277 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-8,832,267 | $-22,936,901 | $-442,756 | $-5,588,988 |
| Total Unusual Items | $-7,713,951 | $13,334,095 | $-2,819,356 | $4,398,995 |
| Total Unusual Items Excluding Goodwill | $-7,713,951 | $13,334,095 | $-2,819,356 | $4,398,995 |
| Reconciled Depreciation | $212,809 | $98,549 | $39,991 | - |
| EBITDA (Bullshit earnings) | $-16,546,218 | $-9,602,805 | $-3,262,112 | $-1,189,993 |
| EBIT | $-16,759,027 | $-9,701,354 | $-3,302,102 | $-1,189,993 |
| Diluted Average Shares | $30,740,817 | $21,966,512 | $7,653,521 | $11,920,563 |
| Basic Average Shares | $30,740,817 | $18,455,925 | $7,653,521 | $11,920,563 |
| Diluted NI Availto Com Stockholders | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,151,881 |
| Tax Provision | $0 | $0 | $0 | $782,284 |
| Gain On Sale Of Security | $-7,713,951 | $-1,948,126 | $-2,819,356 | $4,398,995 |
| Research And Development | $9,457,838 | $2,613,688 | $628,428 | - |
| Selling General And Administration | $7,301,188 | $7,087,666 | $2,673,675 | - |
| Other Gand A | $7,301,188 | $7,087,666 | $2,673,675 | - |
| Other Special Charges | - | $-15,282,222 | - | - |
| Salaries And Wages | - | - | - | - |
Fetched: 2026-10-26
Balance Sheet (Annual)
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $50,672,704 | $1,741,031 | $-12,914,905 | $82,121,969 |
| Total Assets | $59,840,609 | $6,007,198 | $3,530,622 | $87,182,354 |
| Total Non Current Assets | $678,416 | $170,675 | $199,954 | $87,095,395 |
| Goodwill And Other Intangible Assets | $108,547 | $108,547 | $108,547 | - |
| Other Intangible Assets | $108,547 | $108,547 | $108,547 | - |
| Current Assets | $59,162,193 | $5,836,523 | $3,330,667 | $86,959 |
| Prepaid Assets | $2,691,528 | $378,485 | $1,736,032 | $75,435 |
| Receivables | $569,870 | $68,556 | $297,789 | - |
| Accounts Receivable | $569,870 | $68,556 | $297,789 | - |
| Cash Cash Equivalents And Short Term Investments | $55,900,795 | $5,389,483 | $1,296,846 | $11,525 |
| Cash And Cash Equivalents | $55,900,795 | $5,389,483 | $1,296,846 | $11,525 |
| Other Receivables | - | - | $297,789 | - |
| Other Non Current Assets | - | - | - | $87,095,395 |
| Non Current Deferred Assets | - | - | - | $0 |
| Cash Financial | - | - | - | $11,525 |
| Debt | ||||
| Total Debt | $51,417 | $21,424 | $52,845 | $124,971 |
| Long Term Debt And Capital Lease Obligation | $14,997 | $5,713 | $21,424 | - |
| Current Debt And Capital Lease Obligation | $36,420 | $15,711 | $31,421 | $124,971 |
| Net Debt | - | - | - | $113,447 |
| Current Debt | - | - | - | $124,971 |
| Long Term Debt | - | - | - | - |
| Other Current Borrowings | - | - | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $9,059,358 | $4,157,621 | $16,336,980 | $5,060,385 |
| Total Non Current Liabilities Net Minority Interest | $6,459,952 | $3,210,695 | $15,385,055 | $4,356,147 |
| Derivative Product Liabilities | $6,444,956 | $3,204,982 | $15,363,631 | $1,892,425 |
| Current Liabilities | $2,599,406 | $946,926 | $951,925 | $704,238 |
| Payables And Accrued Expenses | $2,562,986 | $931,216 | $860,518 | $579,266 |
| Payables | $1,978,833 | $484,889 | $510,598 | $489,187 |
| Accounts Payable | $1,978,833 | $484,889 | $510,598 | $489,187 |
| Tradeand Other Payables Non Current | - | - | - | $2,463,723 |
| Current Notes Payable | - | - | - | $124,971 |
| Equity | ||||
| Common Stock Equity | $46,298,704 | $-2,632,970 | $-12,806,359 | $82,121,969 |
| Preferred Stock Equity | $4,482,547 | $4,482,547 | - | - |
| Total Equity Gross Minority Interest | $50,781,251 | $1,849,577 | $-12,806,359 | $82,121,969 |
| Stockholders Equity | $50,781,251 | $1,849,577 | $-12,806,359 | $82,121,969 |
| Other Equity Interest | $24,994 | - | - | - |
| Retained Earnings | $-30,406,622 | $-6,772,024 | $-10,485,461 | $-4,902,414 |
| Other | ||||
| Ordinary Shares Number | $44,106,297 | $23,084,516 | $13,288,342 | $11,920,563 |
| Share Issued | $44,106,297 | $23,084,516 | $13,288,342 | $11,920,563 |
| Tangible Book Value | $46,190,157 | $-2,741,516 | $-12,914,905 | $82,121,969 |
| Invested Capital | $46,298,704 | $-2,632,970 | $-12,806,359 | $82,246,941 |
| Working Capital | $56,562,787 | $4,889,597 | $2,378,742 | $-617,278 |
| Capital Lease Obligations | $51,417 | $21,424 | $52,845 | - |
| Total Capitalization | $50,781,251 | $1,849,577 | $-12,806,359 | $82,121,969 |
| Additional Paid In Capital | $-42,342,465 | $-56,248,573 | $-55,455,897 | $0 |
| Capital Stock | $123,505,344 | $64,870,174 | $53,134,999 | $87,024,383 |
| Common Stock | $119,022,797 | $60,387,627 | $53,134,999 | $87,024,383 |
| Preferred Stock | $4,482,547 | $4,482,547 | $0 | $0 |
| Long Term Capital Lease Obligation | $14,997 | $5,713 | $21,424 | - |
| Current Capital Lease Obligation | $36,420 | $15,711 | $31,421 | - |
| Current Accrued Expenses | $584,152 | $446,327 | $349,920 | $90,079 |
| Net PPE | $569,870 | $62,129 | $91,408 | - |
| Accumulated Depreciation | $-344,921 | $-132,113 | $-67,128 | - |
| Gross PPE | $914,791 | $194,241 | $158,535 | - |
| Leases | $174,960 | $87,837 | $12,140 | - |
| Other Properties | $498,458 | $21,424 | $87,837 | - |
| Machinery Furniture Equipment | $241,373 | $84,981 | $58,558 | - |
| Properties | $0 | $0 | $0 | - |
| Pensionand Other Post Retirement Benefit Plans Current | - | $122,115 | $59,986 | - |
Fetched: 2026-10-26
Cash Flow Statement (Annual)
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-12,467,865 | $-6,751,314 | $-2,511,569 | $-1,517,455 |
| Operating Activities | ||||
| Operating Cash Flow | $-11,777,308 | $-6,649,909 | $-2,362,317 | $-1,517,455 |
| Cash Flow From Continuing Operating Activities | $-11,777,308 | $-6,649,909 | $-2,362,317 | $-1,517,455 |
| Operating Gains Losses | $7,713,951 | $-13,334,095 | $2,819,356 | $-4,398,995 |
| Investing Activities | ||||
| Capital Expenditure | $-690,556 | $-101,405 | $-149,252 | - |
| Investing Cash Flow | $-690,556 | $-101,405 | $-149,252 | $-83,370,231 |
| Cash Flow From Continuing Investing Activities | $-690,556 | $-101,405 | $-149,252 | $-83,370,231 |
| Net Other Investing Changes | - | - | - | $-83,370,231 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $24,994 | $8,787,991 | $0 | $85,258,340 |
| Financing Cash Flow | $62,979,177 | $10,843,950 | $3,645,595 | $84,836,170 |
| Cash Flow From Continuing Financing Activities | $62,979,177 | $10,843,950 | $3,645,595 | $84,836,170 |
| Net Other Financing Charges | $16,456,953 | $65,699 | $-1,123,315 | $-332,905 |
| Net Preferred Stock Issuance | $0 | $4,482,547 | $0 | - |
| Preferred Stock Issuance | $0 | $4,482,547 | $0 | - |
| Net Common Stock Issuance | $24,994 | $4,305,445 | $0 | $85,258,340 |
| Common Stock Issuance | $24,994 | $4,305,445 | $0 | $85,258,340 |
| Other | ||||
| Interest Paid Supplemental Data | $714 | $714 | $16,425 | - |
| Income Tax Paid Supplemental Data | $0 | $0 | $0 | $806,958 |
| End Cash Position | $55,900,795 | $5,389,483 | $1,296,846 | $11,525 |
| Beginning Cash Position | $5,389,483 | $1,296,846 | $162,820 | $63,041 |
| Changes In Cash | $50,511,313 | $4,092,636 | $1,134,027 | $-51,516 |
| Proceeds From Stock Option Exercised | $46,497,230 | $1,990,259 | $0 | - |
| Net PPE Purchase And Sale | $-690,556 | $-101,405 | $-149,252 | - |
| Purchase Of PPE | $-690,556 | $-101,405 | $-149,252 | - |
| Change In Working Capital | $-1,181,873 | $1,599,634 | $418,476 | $479,497 |
| Change In Other Working Capital | $714 | $2,142 | - | - |
| Change In Payables And Accrued Expense | $1,631,770 | $10,712 | $507,027 | $529,278 |
| Change In Accrued Expense | $137,826 | $36,420 | $375,628 | $40,091 |
| Change In Payable | $1,493,944 | $-25,708 | $131,399 | $489,187 |
| Change In Account Payable | $1,493,944 | $-25,708 | $131,399 | $489,187 |
| Change In Prepaid Assets | $-2,313,043 | $1,357,547 | $198,526 | $-49,781 |
| Change In Receivables | $-501,314 | $229,233 | $-287,077 | - |
| Changes In Account Receivables | $-501,314 | $229,233 | $-287,077 | - |
| Stock Based Compensation | $5,112,403 | $1,065,471 | $47,132 | - |
| Depreciation Amortization Depletion | $212,809 | $98,549 | $39,991 | - |
| Depreciation And Amortization | $212,809 | $98,549 | $39,991 | - |
| Depreciation | $212,809 | $98,549 | $39,991 | - |
| Gain Loss On Investment Securities | $7,713,951 | $-13,334,095 | $2,819,356 | $-4,398,995 |
| Net Income From Continuing Operations | $-23,634,598 | $3,713,437 | $-5,827,240 | $6,151,881 |
| Repayment Of Debt | - | $0 | $-28,565 | $-214,237 |
| Issuance Of Debt | - | $0 | $4,797,475 | $124,971 |
| Net Issuance Payments Of Debt | - | $0 | $4,768,910 | $-89,265 |
| Net Long Term Debt Issuance | - | $0 | $4,768,910 | $0 |
| Long Term Debt Payments | - | $0 | $-28,565 | - |
| Long Term Debt Issuance | - | $0 | $4,797,475 | $0 |
| Other Non Cash Items | - | $207,096 | $139,968 | $-3,725,164 |
| Net Short Term Debt Issuance | - | - | $4,756,056 | $-89,265 |
| Short Term Debt Payments | - | - | $-28,565 | $-214,237 |
| Short Term Debt Issuance | - | - | $4,784,621 | $124,971 |
| Taxes Refund Paid | - | - | - | $-24,674 |
| Net Intangibles Purchase And Sale | - | - | - | - |
| Purchase Of Intangibles | - | - | - | - |
| Interest Paid Cfo | - | - | - | - |
Fetched: 2026-10-26