HOVRW
New Horizon Aircraft Ltd.
Price Chart
Latest Quote
$0.24
+0.01 (+4.67%)
Current Price
| Previous Close | $0.22 |
| Open | $0.51 |
| Day High | $0.24 |
| Day Low | $0.20 |
| Volume | 3,286 |
Stock Information
Note: Financial values converted from CAD to USD
| Total Debt | $38K |
| Cash Equivalents | $49.88M |
| Net Income | $-18.70M |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Income | $-18.70M |
| Book/sh | $0.65 |
| 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 & Institutional transactions data not available |
Valuation Ratios
| P/B | 0.36 |
Analyst Data
| Recommendation | none |
Technical Indicators
| Shares Float | 54.32M |
| Volatility | 3.84 |
Performance History
| YTD | +0.00% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-10-27 | $0.24 | 3,286 |
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 | $16,715,099 | $9,675,926 | $3,293,447 | $1,186,874 |
| Other Income Expense | $-7,335,470 | $13,292,023 | $-2,402,422 | $4,387,464 |
| Other Non Operating Income Expenses | $358,262 | $-7,123 | $409,544 | - |
| Net Non Operating Interest Income Expense | $477,920 | $87,607 | $-116,097 | $3,715,400 |
| Operating Expense | $16,715,099 | $9,675,926 | $3,293,447 | $1,186,874 |
| General And Administrative Expense | $7,282,051 | $7,069,088 | $2,666,667 | - |
| Total Other Finance Cost | - | $-87,607 | $116,097 | - |
| Other Operating Expenses | - | - | - | $1,186,874 |
| Interest Expense | - | - | - | - |
| Interest Expense Non Operating | - | - | - | - |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,135,756 |
| Net Interest Income | $477,920 | $87,607 | $-116,097 | $3,715,400 |
| Interest Income | $477,920 | $87,607 | - | $3,715,400 |
| Normalized Income | $-15,878,917 | $-9,595,441 | $-3,000,000 | $2,243,268 |
| Net Income From Continuing And Discontinued Operation | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,135,756 |
| Total Operating Income As Reported | $-16,715,099 | $-9,675,926 | $-3,293,447 | $-1,186,874 |
| Net Income Common Stockholders | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,135,756 |
| Net Income | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,135,756 |
| Net Income Including Noncontrolling Interests | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,135,756 |
| Net Income Continuous Operations | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,135,756 |
| Pretax Income | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,915,990 |
| Special Income Charges | $0 | $15,242,165 | $0 | - |
| Interest Income Non Operating | $477,920 | $87,607 | - | $3,715,400 |
| Operating Income | $-16,715,099 | $-9,675,926 | $-3,293,447 | $-1,186,874 |
| Gross Profit | - | - | - | - |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $494,976 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-8,809,117 | $-22,876,780 | $-441,595 | $-5,574,338 |
| Total Unusual Items | $-7,693,732 | $13,299,145 | $-2,811,966 | $4,387,464 |
| Total Unusual Items Excluding Goodwill | $-7,693,732 | $13,299,145 | $-2,811,966 | $4,387,464 |
| Reconciled Depreciation | $212,251 | $98,291 | $39,886 | - |
| EBITDA (Bullshit earnings) | $-16,502,849 | $-9,577,635 | $-3,253,561 | $-1,186,874 |
| EBIT | $-16,715,099 | $-9,675,926 | $-3,293,447 | $-1,186,874 |
| Diluted NI Availto Com Stockholders | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,135,756 |
| Tax Provision | $0 | $0 | $0 | $780,234 |
| Gain On Sale Of Security | $-7,693,732 | $-1,943,020 | $-2,811,966 | $4,387,464 |
| Research And Development | $9,433,048 | $2,606,838 | $626,781 | - |
| Selling General And Administration | $7,282,051 | $7,069,088 | $2,666,667 | - |
| Other Gand A | $7,282,051 | $7,069,088 | $2,666,667 | - |
| Other Special Charges | - | $-15,242,165 | - | - |
| Salaries And Wages | - | - | - | - |
Fetched: 2026-10-25
Balance Sheet (Annual)
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $50,539,885 | $1,736,467 | $-12,881,054 | $81,906,718 |
| Total Assets | $59,683,760 | $5,991,453 | $3,521,367 | $86,953,839 |
| Total Non Current Assets | $676,638 | $170,228 | $199,430 | $86,867,107 |
| Goodwill And Other Intangible Assets | $108,262 | $108,262 | $108,262 | - |
| Other Intangible Assets | $108,262 | $108,262 | $108,262 | - |
| Current Assets | $59,007,121 | $5,821,225 | $3,321,937 | $86,731 |
| Prepaid Assets | $2,684,473 | $377,493 | $1,731,481 | $75,237 |
| Receivables | $568,376 | $68,376 | $297,009 | - |
| Accounts Receivable | $568,376 | $68,376 | $297,009 | - |
| Cash Cash Equivalents And Short Term Investments | $55,754,273 | $5,375,356 | $1,293,447 | $11,494 |
| Cash And Cash Equivalents | $55,754,273 | $5,375,356 | $1,293,447 | $11,494 |
| Other Receivables | - | - | $297,009 | - |
| Other Non Current Assets | - | - | - | $86,867,107 |
| Non Current Deferred Assets | - | - | - | $0 |
| Cash Financial | - | - | - | $11,494 |
| Debt | ||||
| Total Debt | $51,282 | $21,368 | $52,707 | $124,644 |
| Long Term Debt And Capital Lease Obligation | $14,957 | $5,698 | $21,368 | - |
| Current Debt And Capital Lease Obligation | $36,325 | $15,670 | $31,339 | $124,644 |
| Net Debt | - | - | - | $113,150 |
| Current Debt | - | - | - | $124,644 |
| Long Term Debt | - | - | - | - |
| Other Current Borrowings | - | - | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $9,035,612 | $4,146,724 | $16,294,159 | $5,047,121 |
| Total Non Current Liabilities Net Minority Interest | $6,443,020 | $3,202,279 | $15,344,729 | $4,344,729 |
| Derivative Product Liabilities | $6,428,063 | $3,196,581 | $15,323,362 | $1,887,464 |
| Current Liabilities | $2,592,593 | $944,444 | $949,430 | $702,392 |
| Payables And Accrued Expenses | $2,556,268 | $928,775 | $858,262 | $577,748 |
| Payables | $1,973,647 | $483,618 | $509,259 | $487,905 |
| Accounts Payable | $1,973,647 | $483,618 | $509,259 | $487,905 |
| Tradeand Other Payables Non Current | - | - | - | $2,457,265 |
| Current Notes Payable | - | - | - | $124,644 |
| Equity | ||||
| Common Stock Equity | $46,177,350 | $-2,626,068 | $-12,772,792 | $81,906,718 |
| Preferred Stock Equity | $4,470,798 | $4,470,798 | - | - |
| Total Equity Gross Minority Interest | $50,648,147 | $1,844,729 | $-12,772,792 | $81,906,718 |
| Stockholders Equity | $50,648,147 | $1,844,729 | $-12,772,792 | $81,906,718 |
| Other Equity Interest | $24,929 | - | - | - |
| Retained Earnings | $-30,326,923 | $-6,754,273 | $-10,457,977 | $-4,889,564 |
| Other | ||||
| Ordinary Shares Number | $43,990,689 | $23,024,009 | $13,253,512 | $11,889,317 |
| Share Issued | $43,990,689 | $23,024,009 | $13,253,512 | $11,889,317 |
| Tangible Book Value | $46,069,088 | $-2,734,330 | $-12,881,054 | $81,906,718 |
| Invested Capital | $46,177,350 | $-2,626,068 | $-12,772,792 | $82,031,362 |
| Working Capital | $56,414,529 | $4,876,781 | $2,372,507 | $-615,660 |
| Capital Lease Obligations | $51,282 | $21,368 | $52,707 | - |
| Total Capitalization | $50,648,147 | $1,844,729 | $-12,772,792 | $81,906,718 |
| Additional Paid In Capital | $-42,231,481 | $-56,101,139 | $-55,310,540 | $0 |
| Capital Stock | $123,181,622 | $64,700,141 | $52,995,726 | $86,796,282 |
| Common Stock | $118,710,824 | $60,229,344 | $52,995,726 | $86,796,282 |
| Preferred Stock | $4,470,798 | $4,470,798 | $0 | $0 |
| Long Term Capital Lease Obligation | $14,957 | $5,698 | $21,368 | - |
| Current Capital Lease Obligation | $36,325 | $15,670 | $31,339 | - |
| Current Accrued Expenses | $582,621 | $445,157 | $349,003 | $89,843 |
| Net PPE | $568,376 | $61,966 | $91,168 | - |
| Accumulated Depreciation | $-344,017 | $-131,766 | $-66,952 | - |
| Gross PPE | $912,393 | $193,732 | $158,120 | - |
| Leases | $174,501 | $87,607 | $12,108 | - |
| Other Properties | $497,151 | $21,368 | $87,607 | - |
| Machinery Furniture Equipment | $240,741 | $84,758 | $58,405 | - |
| Properties | $0 | $0 | $0 | - |
| Pensionand Other Post Retirement Benefit Plans Current | - | $121,795 | $59,829 | - |
Fetched: 2026-10-25
Cash Flow Statement (Annual)
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-12,435,185 | $-6,733,618 | $-2,504,986 | $-1,513,477 |
| Operating Activities | ||||
| Operating Cash Flow | $-11,746,439 | $-6,632,479 | $-2,356,125 | $-1,513,477 |
| Cash Flow From Continuing Operating Activities | $-11,746,439 | $-6,632,479 | $-2,356,125 | $-1,513,477 |
| Operating Gains Losses | $7,693,732 | $-13,299,145 | $2,811,966 | $-4,387,464 |
| Investing Activities | ||||
| Capital Expenditure | $-688,746 | $-101,140 | $-148,860 | - |
| Investing Cash Flow | $-688,746 | $-101,140 | $-148,860 | $-83,151,708 |
| Cash Flow From Continuing Investing Activities | $-688,746 | $-101,140 | $-148,860 | $-83,151,708 |
| Net Other Investing Changes | - | - | - | $-83,151,708 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $24,929 | $8,764,957 | $0 | $85,034,867 |
| Financing Cash Flow | $62,814,101 | $10,815,527 | $3,636,040 | $84,613,804 |
| Cash Flow From Continuing Financing Activities | $62,814,101 | $10,815,527 | $3,636,040 | $84,613,804 |
| Net Other Financing Charges | $16,413,817 | $65,527 | $-1,120,370 | $-332,032 |
| Net Preferred Stock Issuance | $0 | $4,470,798 | $0 | - |
| Preferred Stock Issuance | $0 | $4,470,798 | $0 | - |
| Net Common Stock Issuance | $24,929 | $4,294,159 | $0 | $85,034,867 |
| Common Stock Issuance | $24,929 | $4,294,159 | $0 | $85,034,867 |
| Other | ||||
| Interest Paid Supplemental Data | $712 | $712 | $16,382 | - |
| Income Tax Paid Supplemental Data | $0 | $0 | $0 | $804,843 |
| End Cash Position | $55,754,273 | $5,375,356 | $1,293,447 | $11,494 |
| Beginning Cash Position | $5,375,356 | $1,293,447 | $162,393 | $62,875 |
| Changes In Cash | $50,378,917 | $4,081,909 | $1,131,054 | $-51,381 |
| Proceeds From Stock Option Exercised | $46,375,355 | $1,985,043 | $0 | - |
| Net PPE Purchase And Sale | $-688,746 | $-101,140 | $-148,860 | - |
| Purchase Of PPE | $-688,746 | $-101,140 | $-148,860 | - |
| Change In Working Capital | $-1,178,775 | $1,595,442 | $417,379 | $478,240 |
| Change In Other Working Capital | $712 | $2,137 | - | - |
| Change In Payables And Accrued Expense | $1,627,493 | $10,684 | $505,698 | $527,890 |
| Change In Accrued Expense | $137,464 | $36,325 | $374,644 | $39,986 |
| Change In Payable | $1,490,028 | $-25,641 | $131,054 | $487,905 |
| Change In Account Payable | $1,490,028 | $-25,641 | $131,054 | $487,905 |
| Change In Prepaid Assets | $-2,306,980 | $1,353,989 | $198,006 | $-49,650 |
| Change In Receivables | $-500,000 | $228,632 | $-286,325 | - |
| Changes In Account Receivables | $-500,000 | $228,632 | $-286,325 | - |
| Stock Based Compensation | $5,099,003 | $1,062,678 | $47,009 | - |
| Depreciation Amortization Depletion | $212,251 | $98,291 | $39,886 | - |
| Depreciation And Amortization | $212,251 | $98,291 | $39,886 | - |
| Depreciation | $212,251 | $98,291 | $39,886 | - |
| Gain Loss On Investment Securities | $7,693,732 | $-13,299,145 | $2,811,966 | $-4,387,464 |
| Net Income From Continuing Operations | $-23,572,649 | $3,703,704 | $-5,811,966 | $6,135,756 |
| Repayment Of Debt | - | $0 | $-28,490 | $-213,675 |
| Issuance Of Debt | - | $0 | $4,784,900 | $124,644 |
| Net Issuance Payments Of Debt | - | $0 | $4,756,410 | $-89,031 |
| Net Long Term Debt Issuance | - | $0 | $4,756,410 | $0 |
| Long Term Debt Payments | - | $0 | $-28,490 | - |
| Long Term Debt Issuance | - | $0 | $4,784,900 | $0 |
| Other Non Cash Items | - | $206,553 | $139,601 | $-3,715,400 |
| Net Short Term Debt Issuance | - | - | $4,743,590 | $-89,031 |
| Short Term Debt Payments | - | - | $-28,490 | $-213,675 |
| Short Term Debt Issuance | - | - | $4,772,080 | $124,644 |
| Taxes Refund Paid | - | - | - | $-24,610 |
| Net Intangibles Purchase And Sale | - | - | - | - |
| Purchase Of Intangibles | - | - | - | - |
| Interest Paid Cfo | - | - | - | - |
Fetched: 2026-10-25