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New Horizon Aircraft Ltd. (HOVR)
Aircraft
Latest Price
$1.35
Market Cap
$88.61M
TTM P/E
--
Earnings Yield
--
TTM Div Yield
--
P/B Ratio
--
Price at the 2026-11-06 close. Earnings yield is trailing 12-month earnings divided by price.
Business Summary
full summary →New Horizon Aircraft Ltd. operates in the advanced aerospace Original Equipment Manufacturer sector, specifically designing and building a next-generation hybrid-electric Vertical Takeoff and Landing aircraft for the Regional Air Mobility market.
Price
full chart →- 1-Year Change
- -40.65%
- 52-Week High
- $3.68
- 52-Week Low
- $1.06
Daily close, 2025-11-06 to 2026-11-06
Financials
financial statements →| Quarter ending | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Feb 2024 | May 2024 | Aug 2024 | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 | Last 4 quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $499,414 | $1.12M | $112,662 | $6.89M | -$5.31M | -$1.70M | -$2.91M | $19.66M | -$4.94M | -$6.61M | -$10.90M | -$8.65M | -$6.90M | -$6.64M | -$4.07M | -$26.26M |
| Operating cash flow | -$314,255 | -$238,704 | -$214,819 | -$1.36M | -- | -- | -$1.48M | -$2.71M | -$2.62M | -$2.50M | -$2.36M | -$2.61M | -$6.82M | -$4.70M | -$7.21M | -$21.34M |
| Free cash flow | -- | -- | -- | -- | -- | -- | -- | -- | -$2.71M | -$2.55M | -$2.50M | -$3.14M | -$6.96M | -$4.86M | -$7.88M | -$22.84M |
Chart: net income per quarter, Mar 2023 to Aug 2026. Hover over or tap a row to chart it.
Quarters ending Nov 2024 to Aug 2026, oldest first.
Net income ($M)
Last 4 quarters -$26.26M
$20M$0-$15M
20-5-7-11-9-7-7-4
Operating cash flow ($M)
Last 4 quarters -$21.34M
$0-$8M
-2.7-2.6-2.5-2.4-2.6-6.8-4.7-7.2
Free cash flow ($M)
Last 4 quarters -$22.84M
$0-$8M
---2.7-2.5-2.5-3.1-7.0-4.9-7.9
Capital Structure
balance sheet →- Shares Outstanding
- 65.64M
- Total Debt
- --
- Long-term Debt
- --
- Long-term Debt / Capital
- --
- Cash
- --
- Current Assets
- $6.56M
- Current Liabilities
- $2.30M
Current position as of 2024-02-29.
| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| Alyeska Investment Group, L.P. | 1.99M | $3.0M | 3.03% | -- | 2026-06-30 |
| Marshall Wace, LLP | 813.6K | $1.0M | 1.24% | +716.5K | 2026-06-30 |
| Citadel Advisors LLC | 492.9K | -- | 0.75% | +110.5K | 2026-06-30 |
| Renaissance Technologies LLC | 450.7K | -- | 0.69% | -6.7K | 2026-06-30 |
| Jane Street Group, LLC | 255.9K | -- | 0.39% | -78.5K | 2026-06-30 |
| Cerity Partners LLC | 200.0K | -- | 0.30% | -- | 2026-06-30 |
| Saxon Interests, Inc. | 50.0K | -- | 0.08% | -- | 2026-06-30 |
| Gsa Capital Partners LLP | 49.7K | -- | 0.08% | -- | 2026-06-30 |
| UBS Group AG | 33.5K | -- | 0.05% | +28.1K | 2026-06-30 |
| J. Derek Lewis & Associates Inc. | 25.1K | -- | 0.04% | -- | 2026-06-30 |
Recent Material Events
all events →- New Horizon Aircraft Ltd. announced financial and operating results for the first quarter of fiscal 2027 ended August 31, 2026. The company reported strong liquidity with more than $70 million in cash as of the period end, which management expects to fund its current operating plan for at least the next 24 months. R&D spending increased significantly relative to general and administrative expenses to advance the Cavorite X7 hybrid-electric VTOL program. The full-scale demonstrator aircraft is expected to be completed by the first quarter of calendar 2027, followed by ground and flight testing. The company also highlighted progress toward certification with Transport Canada and noted signed letters of intent totaling more than US$1 billion for up to 200 aircraft purchases and five leases. New Horizon Aircraft Ltd. is an advanced aerospace company developing hybrid-electric vertical takeoff and landing aircraft.
Insider Transactions
all insider transactions →| Name | Title | Transaction | Shares | Price | Date |
|---|---|---|---|---|---|
| Janjua Jameel | -- | Award/Grant | 14.1K | -- | 2026-08-04 |
| Pinsent John Harold Charles | -- | Award/Grant | 9.6K | -- | 2026-08-04 |
| Maris John Michael | -- | Award/Grant | 7.4K | -- | 2026-08-04 |
| Nomura Trisha | -- | Award/Grant | 15.2K | -- | 2026-08-04 |
| O'Neill Jason Michael | Chief Operating Officer | Tax Withholding | 30.8K | $3.68 | 2026-05-26 |