HOVRW
New Horizon Aircraft Ltd.
Price Chart
Latest Quote
$0.34
-0.00 (-0.74%)
Current Price
| Previous Close | $0.34 |
| Open | $0.51 |
| Day High | $0.34 |
| Day Low | $0.33 |
| Volume | 4,896 |
Stock Information
Note: Financial values converted from CAD to USD
| Total Debt | $10K |
| Cash Equivalents | $14.03M |
| Net Income | $-23.58M |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Income | $-23.58M |
| Book/sh | $0.12 |
| Employees | 30 |
Financial Ratios
| Quick Ratio | 14.04 |
| Current Ratio | 14.81 |
| Debt/Eq | 0.10 |
Returns & Margins
| ROA | -87.90% |
| ROE | -313.01% |
Ownership
| Insider & Institutional transactions data not available |
Valuation Ratios
| P/B | 2.71 |
Analyst Data
| Recommendation | none |
Technical Indicators
| Shares Float | 35.84M |
| Volatility | 3.84 |
Performance History
| YTD | +0.00% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $0.34 | 4,896 |
About New Horizon Aircraft Ltd.
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the 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.
đ° Latest News
New Horizon Aircraft Ltd (HOVR) Q4 2026 Earnings Call Highlights: Financial Fortitude and ...
GuruFocus.com âĸ 2026-07-16T21:00:32ZNew Horizon Aircraft Q4 Earnings Call Highlights
MarketBeat âĸ 2026-07-16T14:05:27Z
Assessing New Horizon Aircraft (HOVR) Valuation After Dual Use Certification Progress For Cavorite X7
Simply Wall St. âĸ 2026-05-26T23:12:42Z
New Horizon Aircraft Ltd (HOVR) Q3 2026 Earnings Call Highlights: Strategic Partnerships and ...
GuruFocus.com âĸ 2026-04-15T07:01:05ZNew Horizon Aircraft Q3 Earnings Call Highlights
MarketBeat âĸ 2026-04-14T13:52:52Z
Hybrid eVTOLs: Fireside Chat with New Horizon Aircraft CEO Brandon Robinson
Exec Edge âĸ 2026-04-07T20:59:49Z
Evaluating New Horizon Aircraft (HOVR) Valuation Following Pratt & Whitney Engine Partnership and Prototype Milestones
Simply Wall St. âĸ 2025-10-19T16:07:13Z
Period:
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Income Statement (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $0 | $0 | $0 | $0 |
| Operating Revenue | $0 | $0 | $0 | $0 |
| Reconciled Cost Of Revenue | - | - | - | $310,174 |
| Cost Of Revenue | - | - | - | $310,174 |
| Expenses | ||||
| Total Expenses | $9,665,393 | $3,289,862 | $1,185,582 | $772,416 |
| Other Income Expense | $13,277,554 | $-2,399,807 | $4,382,688 | $-6,908 |
| Other Non Operating Income Expenses | $15,218,459 | $409,098 | - | $-6,908 |
| Net Non Operating Interest Income Expense | $87,511 | $-115,970 | $3,711,355 | $-52,883 |
| Total Other Finance Cost | $-87,511 | $115,970 | - | - |
| Operating Expense | $9,665,393 | $3,289,862 | $1,185,582 | $462,242 |
| General And Administrative Expense | $7,061,393 | $2,663,764 | - | $250,139 |
| Other Operating Expenses | - | - | $1,185,582 | $-213,751 |
| Interest Expense | - | - | - | $52,883 |
| Interest Expense Non Operating | - | - | - | $52,883 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $3,699,672 | $-5,805,639 | $6,129,077 | $-832,207 |
| Net Interest Income | $87,511 | $-115,970 | $3,711,355 | $-52,883 |
| Normalized Income | $5,640,577 | $-2,996,734 | $2,240,826 | $-832,207 |
| Net Income From Continuing And Discontinued Operation | $3,699,672 | $-5,805,639 | $6,129,077 | $-832,207 |
| Total Operating Income As Reported | $-9,665,393 | $-3,289,862 | $-1,185,582 | $-986,168 |
| Net Income Common Stockholders | $3,699,672 | $-5,805,639 | $6,129,077 | $-832,207 |
| Net Income | $3,699,672 | $-5,805,639 | $6,129,077 | $-832,207 |
| Net Income Including Noncontrolling Interests | $3,699,672 | $-5,805,639 | $6,129,077 | $-832,207 |
| Net Income Continuous Operations | $3,699,672 | $-5,805,639 | $6,129,077 | $-832,207 |
| Pretax Income | $3,699,672 | $-5,805,639 | $6,908,462 | $-832,207 |
| Operating Income | $-9,665,393 | $-3,289,862 | $-1,185,582 | $-772,416 |
| Interest Income | - | - | $3,711,355 | - |
| Interest Income Non Operating | - | - | $3,711,355 | - |
| Gross Profit | - | - | - | $-310,174 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $494,437 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-7,626,305 | $-441,115 | $-5,568,270 | $-760,152 |
| Total Unusual Items | $-1,940,905 | $-2,808,905 | $4,382,688 | - |
| Total Unusual Items Excluding Goodwill | $-1,940,905 | $-2,808,905 | $4,382,688 | - |
| Reconciled Depreciation | $98,184 | $39,843 | - | $19,171 |
| EBITDA (Bullshit earnings) | $-9,567,210 | $-3,250,020 | $-1,185,582 | $-760,152 |
| EBIT | $-9,665,393 | $-3,289,862 | $-1,185,582 | $-779,324 |
| Diluted NI Availto Com Stockholders | $3,699,672 | $-5,805,639 | $6,129,077 | $-832,207 |
| Tax Provision | $0 | $0 | $779,384 | $0 |
| Gain On Sale Of Security | $-1,940,905 | $-2,808,905 | $4,382,688 | - |
| Research And Development | $2,604,000 | $626,098 | - | $425,854 |
| Selling General And Administration | $7,061,393 | $2,663,764 | - | $250,139 |
| Other Gand A | $7,061,393 | $2,663,764 | - | $211,270 |
| Salaries And Wages | - | - | - | $38,869 |
Fetched: 2026-07-15
Balance Sheet (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,734,577 | $-12,867,033 | $81,817,561 | $-294,189 |
| Total Assets | $5,984,931 | $3,517,534 | $86,859,188 | $1,004,301 |
| Total Non Current Assets | $170,043 | $199,213 | $86,772,551 | $829,649 |
| Goodwill And Other Intangible Assets | $108,144 | $108,144 | - | - |
| Other Intangible Assets | $108,144 | $108,144 | - | - |
| Current Assets | $5,814,888 | $3,318,321 | $86,637 | $174,652 |
| Prepaid Assets | $377,082 | $1,729,597 | $75,155 | $1,785 |
| Receivables | $68,302 | $296,685 | - | $10,672 |
| Accounts Receivable | $68,302 | $296,685 | - | $10,672 |
| Cash Cash Equivalents And Short Term Investments | $5,369,505 | $1,292,039 | $11,482 | $162,194 |
| Cash And Cash Equivalents | $5,369,505 | $1,292,039 | $11,482 | $162,194 |
| Other Receivables | - | $296,685 | - | - |
| Other Non Current Assets | - | - | $86,772,551 | - |
| Non Current Deferred Assets | - | - | $0 | $691,548 |
| Cash Financial | - | - | $11,482 | - |
| Debt | ||||
| Total Debt | $21,344 | $52,649 | $124,508 | $1,141,723 |
| Long Term Debt And Capital Lease Obligation | $5,692 | $21,344 | - | $239,530 |
| Current Debt And Capital Lease Obligation | $15,652 | $31,305 | $124,508 | $902,193 |
| Net Debt | - | - | $113,026 | $892,376 |
| Current Debt | - | - | $124,508 | $867,359 |
| Long Term Debt | - | - | - | $187,211 |
| Other Current Borrowings | - | - | - | $867,359 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $4,142,210 | $16,276,423 | $5,041,627 | $1,298,490 |
| Total Non Current Liabilities Net Minority Interest | $3,198,793 | $15,328,026 | $4,340,000 | $239,530 |
| Derivative Product Liabilities | $3,193,102 | $15,306,682 | $1,885,410 | - |
| Current Liabilities | $943,416 | $948,397 | $701,627 | $1,058,960 |
| Payables And Accrued Expenses | $806,102 | $857,328 | $577,119 | $156,767 |
| Payables | $483,092 | $508,705 | $487,373 | $132,733 |
| Accounts Payable | $483,092 | $508,705 | $487,373 | $132,733 |
| Tradeand Other Payables Non Current | - | - | $2,454,590 | - |
| Current Notes Payable | - | - | $124,508 | - |
| Equity | ||||
| Common Stock Equity | $-2,623,210 | $-12,758,888 | $81,817,561 | $-294,189 |
| Preferred Stock Equity | $4,465,931 | - | - | - |
| Total Equity Gross Minority Interest | $1,842,721 | $-12,758,888 | $81,817,561 | $-294,189 |
| Stockholders Equity | $1,842,721 | $-12,758,888 | $81,817,561 | $-294,189 |
| Retained Earnings | $-6,746,921 | $-10,446,593 | $-4,884,242 | $-3,949,495 |
| Other Equity Interest | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $22,998,947 | $13,239,085 | $11,876,376 | $11,876,376 |
| Share Issued | $22,998,947 | $13,239,085 | $11,876,376 | $11,876,376 |
| Tangible Book Value | $-2,731,354 | $-12,867,033 | $81,817,561 | $-294,189 |
| Invested Capital | $-2,623,210 | $-12,758,888 | $81,942,069 | $760,381 |
| Working Capital | $4,871,472 | $2,369,925 | $-614,990 | $-884,308 |
| Capital Lease Obligations | $21,344 | $52,649 | - | $87,153 |
| Total Capitalization | $1,842,721 | $-12,758,888 | $81,817,561 | $-106,978 |
| Additional Paid In Capital | $-56,040,071 | $-55,250,334 | $0 | $38,869 |
| Capital Stock | $64,629,714 | $52,938,039 | $86,701,802 | $3,616,436 |
| Common Stock | $60,163,783 | $52,938,039 | $86,701,802 | $3,616,436 |
| Preferred Stock | $4,465,931 | $0 | $0 | - |
| Long Term Capital Lease Obligation | $5,692 | $21,344 | - | $52,319 |
| Current Capital Lease Obligation | $15,652 | $31,305 | - | $34,834 |
| Pensionand Other Post Retirement Benefit Plans Current | $121,662 | $59,764 | - | - |
| Current Accrued Expenses | $323,010 | $348,623 | $89,746 | $24,034 |
| Net PPE | $61,898 | $91,069 | - | $138,102 |
| Accumulated Depreciation | $-131,623 | $-66,879 | - | $-36,429 |
| Gross PPE | $193,521 | $157,948 | - | $174,531 |
| Leases | $87,511 | $12,095 | - | $6,877 |
| Other Properties | $21,344 | $87,511 | - | $129,384 |
| Machinery Furniture Equipment | $84,666 | $58,341 | - | $38,270 |
| Properties | $0 | $0 | - | $0 |
Fetched: 2026-07-15
Cash Flow Statement (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-6,726,288 | $-2,502,259 | $-1,511,830 | $-773,496 |
| Operating Activities | ||||
| Operating Cash Flow | $-6,625,259 | $-2,353,561 | $-1,511,830 | $-718,565 |
| Cash Flow From Continuing Operating Activities | $-6,625,259 | $-2,353,561 | $-1,511,830 | $-718,565 |
| Operating Gains Losses | $-13,284,669 | $2,808,905 | $-4,382,688 | - |
| Investing Activities | ||||
| Capital Expenditure | $-101,030 | $-148,698 | - | $-54,931 |
| Investing Cash Flow | $-101,030 | $-148,698 | $-83,061,196 | $-54,931 |
| Cash Flow From Continuing Investing Activities | $-101,030 | $-148,698 | $-83,061,196 | $-54,931 |
| Net Other Investing Changes | - | - | $-83,061,196 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $8,755,416 | $0 | $84,942,305 | - |
| Financing Cash Flow | $10,803,754 | $3,632,082 | $84,521,700 | $932,615 |
| Cash Flow From Continuing Financing Activities | $10,803,754 | $3,632,082 | $84,521,700 | $932,615 |
| Net Other Financing Charges | $65,456 | $-1,119,151 | $-331,671 | - |
| Net Preferred Stock Issuance | $4,465,931 | $0 | - | - |
| Preferred Stock Issuance | $4,465,931 | $0 | - | - |
| Net Common Stock Issuance | $4,289,485 | $0 | $84,942,305 | - |
| Common Stock Issuance | $4,289,485 | $0 | $84,942,305 | - |
| Other | ||||
| Repayment Of Debt | $0 | $-28,459 | $-213,443 | $-17,204 |
| Issuance Of Debt | $0 | $4,779,692 | $124,508 | $949,820 |
| Interest Paid Supplemental Data | $711 | $16,364 | - | - |
| Income Tax Paid Supplemental Data | $0 | $0 | $803,967 | - |
| End Cash Position | $5,369,505 | $1,292,039 | $11,482 | $162,194 |
| Beginning Cash Position | $1,292,039 | $162,216 | $62,807 | $3,075 |
| Changes In Cash | $4,077,466 | $1,129,823 | $-51,325 | $159,119 |
| Proceeds From Stock Option Exercised | $1,982,882 | $0 | - | - |
| Net Issuance Payments Of Debt | $0 | $4,751,233 | $-88,934 | $932,615 |
| Net Long Term Debt Issuance | $0 | $4,751,233 | $0 | $932,615 |
| Long Term Debt Payments | $0 | $-28,459 | - | $-17,204 |
| Long Term Debt Issuance | $0 | $4,779,692 | $0 | $949,820 |
| Net PPE Purchase And Sale | $-101,030 | $-148,698 | - | $0 |
| Purchase Of PPE | $-101,030 | $-148,698 | - | $0 |
| Change In Working Capital | $1,593,705 | $416,925 | $477,719 | $-25,434 |
| Change In Other Working Capital | $2,134 | - | - | $-38,606 |
| Change In Payables And Accrued Expense | $10,672 | $505,148 | $527,316 | $23,844 |
| Change In Accrued Expense | $36,285 | $374,236 | $39,942 | - |
| Change In Payable | $-25,613 | $130,911 | $487,373 | - |
| Change In Account Payable | $-25,613 | $130,911 | $487,373 | - |
| Change In Prepaid Assets | $1,352,515 | $197,790 | $-49,596 | $0 |
| Change In Receivables | $228,384 | $-286,013 | - | $-10,672 |
| Changes In Account Receivables | $228,384 | $-286,013 | - | $-10,672 |
| Other Non Cash Items | $206,328 | $139,449 | $-3,711,355 | $92,378 |
| Stock Based Compensation | $1,061,521 | $46,957 | - | $38,869 |
| Depreciation Amortization Depletion | $98,184 | $39,843 | - | $19,171 |
| Depreciation And Amortization | $98,184 | $39,843 | - | $19,171 |
| Depreciation | $98,184 | $39,843 | - | $19,171 |
| Gain Loss On Investment Securities | $-13,284,669 | $2,808,905 | $-4,382,688 | - |
| Net Income From Continuing Operations | $3,699,672 | $-5,805,639 | $6,129,077 | $-832,207 |
| Net Short Term Debt Issuance | - | $4,738,426 | $-88,934 | $736,377 |
| Short Term Debt Payments | - | $-28,459 | $-213,443 | - |
| Short Term Debt Issuance | - | $4,766,885 | $124,508 | $736,377 |
| Taxes Refund Paid | - | - | $-24,583 | - |
| Net Intangibles Purchase And Sale | - | - | - | $-54,931 |
| Purchase Of Intangibles | - | - | - | $-54,931 |
| Interest Paid Cfo | - | - | - | $-11,343 |
Fetched: 2026-07-15