HOVRW

New Horizon Aircraft Ltd.

Price Chart

No historical data available

Latest Quote

$0.31

-0.05 (-13.26%)

Current Price

Previous Close	$0.36
Open	$0.51
Day High	$0.36
Day Low	$0.30
Volume	36,212

Fetched: 2026-09-01T00:23:04

Stock Information

Note: Financial values converted from CAD to USD

Total Debt	$52K
Cash Equivalents	$56.54M
Net Income	$-23.90M
Exchange	NCM

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Recent Price History

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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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Period:

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	$16,882,239	$9,772,678	$3,326,379	$1,198,742
Other Income Expense	$-7,408,819	$13,424,933	$-2,426,444	$4,431,336
Other Non Operating Income Expenses	$361,844	$-7,194	$413,639	-
Net Non Operating Interest Income Expense	$482,699	$88,483	$-117,258	$3,752,551
Operating Expense	$16,882,239	$9,772,678	$3,326,379	$1,198,742
General And Administrative Expense	$7,354,866	$7,139,774	$2,693,331	-
Total Other Finance Cost	-	$-88,483	$117,258	-
Other Operating Expenses	-	-	-	$1,198,742
Interest Expense	-	-	-	-
Interest Expense Non Operating	-	-	-	-
Income & Earnings
Net Income From Continuing Operation Net Minority Interest	$-23,808,359	$3,740,738	$-5,870,081	$6,197,110
Net Interest Income	$482,699	$88,483	$-117,258	$3,752,551
Interest Income	$482,699	$88,483	-	$3,752,551
Normalized Income	$-16,037,695	$-9,691,389	$-3,029,998	$2,265,699
Net Income From Continuing And Discontinued Operation	$-23,808,359	$3,740,738	$-5,870,081	$6,197,110
Total Operating Income As Reported	$-16,882,239	$-9,772,678	$-3,326,379	$-1,198,742
Net Income Common Stockholders	$-23,808,359	$3,740,738	$-5,870,081	$6,197,110
Net Income	$-23,808,359	$3,740,738	$-5,870,081	$6,197,110
Net Income Including Noncontrolling Interests	$-23,808,359	$3,740,738	$-5,870,081	$6,197,110
Net Income Continuous Operations	$-23,808,359	$3,740,738	$-5,870,081	$6,197,110
Pretax Income	$-23,808,359	$3,740,738	$-5,870,081	$6,985,145
Special Income Charges	$0	$15,394,576	$0	-
Interest Income Non Operating	$482,699	$88,483	-	$3,752,551
Operating Income	$-16,882,239	$-9,772,678	$-3,326,379	$-1,198,742
Gross Profit	-	-	-	-
Other
Tax Effect Of Unusual Items	$0	$0	$0	$499,925
Tax Rate For Calcs	$0	$0	$0	$0
Normalized EBITDA (Bullshit earnings)	$-8,897,202	$-23,105,532	$-446,011	$-5,630,078
Total Unusual Items	$-7,770,664	$13,432,127	$-2,840,083	$4,431,336
Total Unusual Items Excluding Goodwill	$-7,770,664	$13,432,127	$-2,840,083	$4,431,336
Reconciled Depreciation	$214,373	$99,273	$40,285	-
EBITDA (Bullshit earnings)	$-16,667,865	$-9,673,405	$-3,286,094	$-1,198,742
EBIT	$-16,882,239	$-9,772,678	$-3,326,379	$-1,198,742
Diluted NI Availto Com Stockholders	$-23,808,359	$3,740,738	$-5,870,081	$6,197,110
Tax Provision	$0	$0	$0	$788,035
Gain On Sale Of Security	$-7,770,664	$-1,962,449	$-2,840,083	$4,431,336
Research And Development	$9,527,372	$2,632,904	$633,048	-
Selling General And Administration	$7,354,866	$7,139,774	$2,693,331	-
Other Gand A	$7,354,866	$7,139,774	$2,693,331	-
Other Special Charges	-	$-15,394,576	-	-
Salaries And Wages	-	-	-	-

Fetched: 2026-08-30

Balance Sheet (Annual)

Metric	2026-05-31	2025-05-31	2024-05-31	2023-12-31
Assets
Net Tangible Assets	$51,045,248	$1,753,831	$-13,009,855	$82,725,727
Total Assets	$60,280,555	$6,051,363	$3,556,579	$87,823,315
Total Non Current Assets	$683,404	$171,930	$201,424	$87,735,717
Goodwill And Other Intangible Assets	$109,345	$109,345	$109,345	-
Other Intangible Assets	$109,345	$109,345	$109,345	-
Current Assets	$59,597,151	$5,879,433	$3,355,154	$87,599
Prepaid Assets	$2,711,316	$381,268	$1,748,795	$75,989
Receivables	$574,059	$69,060	$299,978	-
Accounts Receivable	$574,059	$69,060	$299,978	-
Cash Cash Equivalents And Short Term Investments	$56,311,776	$5,429,106	$1,306,381	$11,609
Cash And Cash Equivalents	$56,311,776	$5,429,106	$1,306,381	$11,609
Other Receivables	-	-	$299,978	-
Other Non Current Assets	-	-	-	$87,735,717
Non Current Deferred Assets	-	-	-	$0
Cash Financial	-	-	-	$11,609
Debt
Total Debt	$51,795	$21,581	$53,234	$125,890
Long Term Debt And Capital Lease Obligation	$15,107	$5,755	$21,581	-
Current Debt And Capital Lease Obligation	$36,688	$15,826	$31,652	$125,890
Net Debt	-	-	-	$114,281
Current Debt	-	-	-	$125,890
Long Term Debt	-	-	-	-
Other Current Borrowings	-	-	-	-
Liabilities
Total Liabilities Net Minority Interest	$9,125,962	$4,188,188	$16,457,089	$5,097,589
Total Non Current Liabilities Net Minority Interest	$6,507,445	$3,234,300	$15,498,165	$4,388,173
Derivative Product Liabilities	$6,492,339	$3,228,545	$15,476,584	$1,906,338
Current Liabilities	$2,618,517	$953,888	$958,924	$709,415
Payables And Accrued Expenses	$2,581,829	$938,062	$866,844	$583,525
Payables	$1,993,382	$488,454	$514,351	$492,783
Accounts Payable	$1,993,382	$488,454	$514,351	$492,783
Tradeand Other Payables Non Current	-	-	-	$2,481,836
Current Notes Payable	-	-	-	$125,890
Equity
Common Stock Equity	$46,639,090	$-2,652,327	$-12,900,511	$82,725,727
Preferred Stock Equity	$4,515,502	$4,515,502	-	-
Total Equity Gross Minority Interest	$51,154,593	$1,863,175	$-12,900,511	$82,725,727
Stockholders Equity	$51,154,593	$1,863,175	$-12,900,511	$82,725,727
Other Equity Interest	$25,178	-	-	-
Retained Earnings	$-30,630,170	$-6,821,811	$-10,562,549	$-4,938,456
Other
Ordinary Shares Number	$44,430,565	$23,254,233	$13,386,038	$12,008,202
Share Issued	$44,430,565	$23,254,233	$13,386,038	$12,008,202
Tangible Book Value	$46,529,746	$-2,761,672	$-13,009,855	$82,725,727
Invested Capital	$46,639,090	$-2,652,327	$-12,900,511	$82,851,617
Working Capital	$56,978,634	$4,925,545	$2,396,230	$-621,816
Capital Lease Obligations	$51,795	$21,581	$53,234	-
Total Capitalization	$51,154,593	$1,863,175	$-12,900,511	$82,725,727
Additional Paid In Capital	$-42,653,766	$-56,662,110	$-55,863,606	$0
Capital Stock	$124,413,350	$65,347,097	$53,525,645	$87,664,183
Common Stock	$119,897,848	$60,831,594	$53,525,645	$87,664,183
Preferred Stock	$4,515,502	$4,515,502	$0	$0
Long Term Capital Lease Obligation	$15,107	$5,755	$21,581	-
Current Capital Lease Obligation	$36,688	$15,826	$31,652	-
Current Accrued Expenses	$588,447	$449,608	$352,493	$90,742
Net PPE	$574,059	$62,585	$92,080	-
Accumulated Depreciation	$-347,457	$-133,084	$-67,621	-
Gross PPE	$921,516	$195,669	$159,701	-
Leases	$176,246	$88,483	$12,229	-
Other Properties	$502,122	$21,581	$88,483	-
Machinery Furniture Equipment	$243,148	$85,605	$58,989	-
Properties	$0	$0	$0	-
Pensionand Other Post Retirement Benefit Plans Current	-	$123,013	$60,427	-

Fetched: 2026-08-30

Cash Flow Statement (Annual)

Metric	2026-05-31	2025-05-31	2024-05-31	2023-12-31
Free Cash Flow
Free Cash Flow	$-12,559,528	$-6,800,950	$-2,530,034	$-1,528,611
Operating Activities
Operating Cash Flow	$-11,863,895	$-6,698,799	$-2,379,685	$-1,528,611
Cash Flow From Continuing Operating Activities	$-11,863,895	$-6,698,799	$-2,379,685	$-1,528,611
Operating Gains Losses	$7,770,664	$-13,432,127	$2,840,083	$-4,431,336
Investing Activities
Capital Expenditure	$-695,633	$-102,151	$-150,349	-
Investing Cash Flow	$-695,633	$-102,151	$-150,349	$-83,983,166
Cash Flow From Continuing Investing Activities	$-695,633	$-102,151	$-150,349	$-83,983,166
Net Other Investing Changes	-	-	-	$-83,983,166
Financing Activities
Issuance Of Capital Stock	$25,178	$8,852,600	$0	$85,885,156
Financing Cash Flow	$63,442,198	$10,923,674	$3,672,398	$85,459,882
Cash Flow From Continuing Financing Activities	$63,442,198	$10,923,674	$3,672,398	$85,459,882
Net Other Financing Charges	$16,577,944	$66,182	$-1,131,573	$-335,352
Net Preferred Stock Issuance	$0	$4,515,502	$0	-
Preferred Stock Issuance	$0	$4,515,502	$0	-
Net Common Stock Issuance	$25,178	$4,337,098	$0	$85,885,156
Common Stock Issuance	$25,178	$4,337,098	$0	$85,885,156
Other
Interest Paid Supplemental Data	$719	$719	$16,546	-
Income Tax Paid Supplemental Data	$0	$0	$0	$812,891
End Cash Position	$56,311,776	$5,429,106	$1,306,381	$11,609
Beginning Cash Position	$5,429,106	$1,306,381	$164,017	$63,504
Changes In Cash	$50,882,670	$4,122,725	$1,142,364	$-51,895
Proceeds From Stock Option Exercised	$46,839,076	$2,004,892	$0	-
Net PPE Purchase And Sale	$-695,633	$-102,151	$-150,349	-
Purchase Of PPE	$-695,633	$-102,151	$-150,349	-
Change In Working Capital	$-1,190,562	$1,611,395	$421,552	$483,022
Change In Other Working Capital	$719	$2,158	-	-
Change In Payables And Accrued Expense	$1,643,767	$10,791	$510,755	$533,169
Change In Accrued Expense	$138,839	$36,688	$378,390	$40,386
Change In Payable	$1,504,928	$-25,897	$132,365	$492,783
Change In Account Payable	$1,504,928	$-25,897	$132,365	$492,783
Change In Prepaid Assets	$-2,330,048	$1,367,528	$199,986	$-50,147
Change In Receivables	$-505,000	$230,919	$-289,188	-
Changes In Account Receivables	$-505,000	$230,919	$-289,188	-
Stock Based Compensation	$5,149,989	$1,073,304	$47,479	-
Depreciation Amortization Depletion	$214,373	$99,273	$40,285	-
Depreciation And Amortization	$214,373	$99,273	$40,285	-
Depreciation	$214,373	$99,273	$40,285	-
Gain Loss On Investment Securities	$7,770,664	$-13,432,127	$2,840,083	$-4,431,336
Net Income From Continuing Operations	$-23,808,359	$3,740,738	$-5,870,081	$6,197,110
Repayment Of Debt	-	$0	$-28,775	$-215,812
Issuance Of Debt	-	$0	$4,832,746	$125,890
Net Issuance Payments Of Debt	-	$0	$4,803,971	$-89,922
Net Long Term Debt Issuance	-	$0	$4,803,971	$0
Long Term Debt Payments	-	$0	$-28,775	-
Long Term Debt Issuance	-	$0	$4,832,746	$0
Other Non Cash Items	-	$208,618	$140,997	$-3,752,551
Net Short Term Debt Issuance	-	-	$4,791,022	$-89,922
Short Term Debt Payments	-	-	$-28,775	$-215,812
Short Term Debt Issuance	-	-	$4,819,797	$125,890
Taxes Refund Paid	-	-	-	$-24,856
Net Intangibles Purchase And Sale	-	-	-	-
Purchase Of Intangibles	-	-	-	-
Interest Paid Cfo	-	-	-	-

Fetched: 2026-08-30