HOVRW
New Horizon Aircraft Ltd.
Price Chart
Latest Quote
$0.37
+0.01 (+2.64%)
Current Price
| Previous Close | $0.36 |
| Open | $0.51 |
| Day High | $0.39 |
| Day Low | $0.33 |
| Volume | 116,687 |
Stock Information
Note: Financial values converted from CAD to USD
| Total Debt | $10K |
| Cash Equivalents | $13.82M |
| Net Income | $-23.23M |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Income | $-23.23M |
| 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 | 3.00 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $0.37 |
| SMA50 | $0.37 |
| RSI | 100.00 |
| ATR | 0.0043 |
| Shares Float | 35.84M |
| Volatility | 3.69 |
| Rel Volume | 20.00 |
Performance History
| Week | +0.60% |
| Month | +0.60% |
| Quarter | +0.60% |
| YTD | +0.00% |
| 10 Years | +0.00% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $0.37 | 116,687 |
| 2026-06-18 | $0.37 | 0 |
| 2026-06-17 | $0.37 | 0 |
| 2026-06-16 | $0.37 | 0 |
| 2026-06-15 | $0.37 | 0 |
| 2026-06-12 | $0.37 | 0 |
| 2026-06-11 | $0.37 | 0 |
| 2026-06-10 | $0.37 | 0 |
| 2026-06-09 | $0.37 | 0 |
| 2026-06-08 | $0.37 | 0 |
| 2026-06-05 | $0.37 | 0 |
| 2026-06-04 | $0.37 | 0 |
| 2026-06-03 | $0.37 | 0 |
| 2026-06-02 | $0.37 | 0 |
| 2026-06-01 | $0.37 | 0 |
| 2026-05-29 | $0.37 | 0 |
| 2026-05-28 | $0.37 | 0 |
| 2026-05-27 | $0.37 | 0 |
| 2026-05-26 | $0.37 | 0 |
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
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 | - | - | - | $306,498 |
| Cost Of Revenue | - | - | - | $306,498 |
| Expenses | ||||
| Total Expenses | $9,550,827 | $3,250,867 | $1,171,529 | $763,260 |
| Other Income Expense | $13,120,172 | $-2,371,361 | $4,330,739 | $-6,826 |
| Other Non Operating Income Expenses | $15,038,071 | $404,249 | - | $-6,826 |
| Net Non Operating Interest Income Expense | $86,474 | $-114,596 | $3,667,364 | $-52,256 |
| Total Other Finance Cost | $-86,474 | $114,596 | - | - |
| Operating Expense | $9,550,827 | $3,250,867 | $1,171,529 | $456,763 |
| General And Administrative Expense | $6,977,693 | $2,632,190 | - | $247,174 |
| Other Operating Expenses | - | - | $1,171,529 | $-211,218 |
| Interest Expense | - | - | - | $52,256 |
| Interest Expense Non Operating | - | - | - | $52,256 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $3,655,819 | $-5,736,824 | $6,056,428 | $-822,343 |
| Net Interest Income | $86,474 | $-114,596 | $3,667,364 | $-52,256 |
| Normalized Income | $5,573,718 | $-2,961,213 | $2,214,265 | $-822,343 |
| Net Income From Continuing And Discontinued Operation | $3,655,819 | $-5,736,824 | $6,056,428 | $-822,343 |
| Total Operating Income As Reported | $-9,550,827 | $-3,250,867 | $-1,171,529 | $-974,478 |
| Net Income Common Stockholders | $3,655,819 | $-5,736,824 | $6,056,428 | $-822,343 |
| Net Income | $3,655,819 | $-5,736,824 | $6,056,428 | $-822,343 |
| Net Income Including Noncontrolling Interests | $3,655,819 | $-5,736,824 | $6,056,428 | $-822,343 |
| Net Income Continuous Operations | $3,655,819 | $-5,736,824 | $6,056,428 | $-822,343 |
| Pretax Income | $3,655,819 | $-5,736,824 | $6,826,574 | $-822,343 |
| Operating Income | $-9,550,827 | $-3,250,867 | $-1,171,529 | $-763,260 |
| Interest Income | - | - | $3,667,364 | - |
| Interest Income Non Operating | - | - | $3,667,364 | - |
| Gross Profit | - | - | - | $-306,498 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $488,576 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-7,535,908 | $-435,886 | $-5,502,268 | $-751,142 |
| Total Unusual Items | $-1,917,899 | $-2,775,610 | $4,330,739 | - |
| Total Unusual Items Excluding Goodwill | $-1,917,899 | $-2,775,610 | $4,330,739 | - |
| Reconciled Depreciation | $97,020 | $39,370 | - | $18,944 |
| EBITDA (Bullshit earnings) | $-9,453,807 | $-3,211,496 | $-1,171,529 | $-751,142 |
| EBIT | $-9,550,827 | $-3,250,867 | $-1,171,529 | $-770,086 |
| Diluted NI Availto Com Stockholders | $3,655,819 | $-5,736,824 | $6,056,428 | $-822,343 |
| Tax Provision | $0 | $0 | $770,146 | $0 |
| Gain On Sale Of Security | $-1,917,899 | $-2,775,610 | $4,330,739 | - |
| Research And Development | $2,573,134 | $618,677 | - | $420,807 |
| Selling General And Administration | $6,977,693 | $2,632,190 | - | $247,174 |
| Other Gand A | $6,977,693 | $2,632,190 | - | $208,766 |
| Salaries And Wages | - | - | - | $38,409 |
Fetched: 2026-06-24
Balance Sheet (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,714,017 | $-12,714,516 | $80,847,756 | $-290,702 |
| Total Assets | $5,913,990 | $3,475,840 | $85,829,624 | $992,397 |
| Total Non Current Assets | $168,027 | $196,852 | $85,744,014 | $819,815 |
| Goodwill And Other Intangible Assets | $106,862 | $106,862 | - | - |
| Other Intangible Assets | $106,862 | $106,862 | - | - |
| Current Assets | $5,745,963 | $3,278,988 | $85,610 | $172,581 |
| Prepaid Assets | $372,612 | $1,709,095 | $74,264 | $1,764 |
| Receivables | $67,492 | $293,169 | - | $10,546 |
| Accounts Receivable | $67,492 | $293,169 | - | $10,546 |
| Cash Cash Equivalents And Short Term Investments | $5,305,859 | $1,276,724 | $11,346 | $160,272 |
| Cash And Cash Equivalents | $5,305,859 | $1,276,724 | $11,346 | $160,272 |
| Other Receivables | - | $293,169 | - | - |
| Other Non Current Assets | - | - | $85,744,014 | - |
| Non Current Deferred Assets | - | - | $0 | $683,351 |
| Cash Financial | - | - | $11,346 | - |
| Debt | ||||
| Total Debt | $21,091 | $52,025 | $123,032 | $1,128,190 |
| Long Term Debt And Capital Lease Obligation | $5,624 | $21,091 | - | $236,691 |
| Current Debt And Capital Lease Obligation | $15,467 | $30,934 | $123,032 | $891,499 |
| Net Debt | - | - | $111,687 | $881,798 |
| Current Debt | - | - | $123,032 | $857,078 |
| Long Term Debt | - | - | - | $184,992 |
| Other Current Borrowings | - | - | - | $857,078 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $4,093,111 | $16,083,494 | $4,981,867 | $1,283,099 |
| Total Non Current Liabilities Net Minority Interest | $3,160,877 | $15,146,339 | $4,288,557 | $236,691 |
| Derivative Product Liabilities | $3,155,253 | $15,125,248 | $1,863,062 | - |
| Current Liabilities | $932,234 | $937,155 | $693,311 | $1,046,408 |
| Payables And Accrued Expenses | $796,547 | $847,166 | $570,278 | $154,909 |
| Payables | $477,366 | $502,675 | $481,596 | $131,160 |
| Accounts Payable | $477,366 | $502,675 | $481,596 | $131,160 |
| Tradeand Other Payables Non Current | - | - | $2,425,495 | - |
| Current Notes Payable | - | - | $123,032 | - |
| Equity | ||||
| Common Stock Equity | $-2,592,116 | $-12,607,654 | $80,847,756 | $-290,702 |
| Preferred Stock Equity | $4,412,995 | - | - | - |
| Total Equity Gross Minority Interest | $1,820,879 | $-12,607,654 | $80,847,756 | $-290,702 |
| Stockholders Equity | $1,820,879 | $-12,607,654 | $80,847,756 | $-290,702 |
| Retained Earnings | $-6,666,948 | $-10,322,767 | $-4,826,347 | $-3,902,680 |
| Other Equity Interest | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $22,726,334 | $13,082,159 | $11,735,602 | $11,735,602 |
| Share Issued | $22,726,334 | $13,082,159 | $11,735,602 | $11,735,602 |
| Tangible Book Value | $-2,698,979 | $-12,714,516 | $80,847,756 | $-290,702 |
| Invested Capital | $-2,592,116 | $-12,607,654 | $80,970,789 | $751,368 |
| Working Capital | $4,813,729 | $2,341,833 | $-607,700 | $-873,826 |
| Capital Lease Obligations | $21,091 | $52,025 | - | $86,120 |
| Total Capitalization | $1,820,879 | $-12,607,654 | $80,847,756 | $-105,710 |
| Additional Paid In Capital | $-55,375,814 | $-54,595,437 | $0 | $38,409 |
| Capital Stock | $63,863,641 | $52,310,550 | $85,674,104 | $3,573,569 |
| Common Stock | $59,450,646 | $52,310,550 | $85,674,104 | $3,573,569 |
| Preferred Stock | $4,412,995 | $0 | $0 | - |
| Long Term Capital Lease Obligation | $5,624 | $21,091 | - | $51,699 |
| Current Capital Lease Obligation | $15,467 | $30,934 | - | $34,421 |
| Pensionand Other Post Retirement Benefit Plans Current | $120,220 | $59,056 | - | - |
| Current Accrued Expenses | $319,181 | $344,491 | $88,682 | $23,749 |
| Net PPE | $61,165 | $89,989 | - | $136,465 |
| Accumulated Depreciation | $-130,063 | $-66,086 | - | $-35,997 |
| Gross PPE | $191,227 | $156,075 | - | $172,462 |
| Leases | $86,474 | $11,952 | - | $6,796 |
| Other Properties | $21,091 | $86,474 | - | $127,850 |
| Machinery Furniture Equipment | $83,662 | $57,649 | - | $37,816 |
| Properties | $0 | $0 | - | $0 |
Fetched: 2026-06-24
Cash Flow Statement (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-6,646,560 | $-2,472,599 | $-1,493,910 | $-764,328 |
| Operating Activities | ||||
| Operating Cash Flow | $-6,546,728 | $-2,325,663 | $-1,493,910 | $-710,048 |
| Cash Flow From Continuing Operating Activities | $-6,546,728 | $-2,325,663 | $-1,493,910 | $-710,048 |
| Operating Gains Losses | $-13,127,202 | $2,775,610 | $-4,330,739 | - |
| Investing Activities | ||||
| Capital Expenditure | $-99,832 | $-146,936 | - | $-54,280 |
| Investing Cash Flow | $-99,832 | $-146,936 | $-82,076,650 | $-54,280 |
| Cash Flow From Continuing Investing Activities | $-99,832 | $-146,936 | $-82,076,650 | $-54,280 |
| Net Other Investing Changes | - | - | $-82,076,650 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $8,651,636 | $0 | $83,935,462 | - |
| Financing Cash Flow | $10,675,694 | $3,589,030 | $83,519,843 | $921,561 |
| Cash Flow From Continuing Financing Activities | $10,675,694 | $3,589,030 | $83,519,843 | $921,561 |
| Net Other Financing Charges | $64,680 | $-1,105,885 | $-327,739 | - |
| Net Preferred Stock Issuance | $4,412,995 | $0 | - | - |
| Preferred Stock Issuance | $4,412,995 | $0 | - | - |
| Net Common Stock Issuance | $4,238,641 | $0 | $83,935,462 | - |
| Common Stock Issuance | $4,238,641 | $0 | $83,935,462 | - |
| Other | ||||
| Repayment Of Debt | $0 | $-28,122 | $-210,913 | $-17,000 |
| Issuance Of Debt | $0 | $4,723,037 | $123,032 | $938,561 |
| Interest Paid Supplemental Data | $703 | $16,170 | - | - |
| Income Tax Paid Supplemental Data | $0 | $0 | $794,438 | - |
| End Cash Position | $5,305,859 | $1,276,724 | $11,346 | $160,272 |
| Beginning Cash Position | $1,276,724 | $160,294 | $62,062 | $3,039 |
| Changes In Cash | $4,029,134 | $1,116,431 | $-50,717 | $157,233 |
| Proceeds From Stock Option Exercised | $1,959,378 | $0 | - | - |
| Net Issuance Payments Of Debt | $0 | $4,694,915 | $-87,880 | $921,561 |
| Net Long Term Debt Issuance | $0 | $4,694,915 | $0 | $921,561 |
| Long Term Debt Payments | $0 | $-28,122 | - | $-17,000 |
| Long Term Debt Issuance | $0 | $4,723,037 | $0 | $938,561 |
| Net PPE Purchase And Sale | $-99,832 | $-146,936 | - | $0 |
| Purchase Of PPE | $-99,832 | $-146,936 | - | $0 |
| Change In Working Capital | $1,574,814 | $411,983 | $472,057 | $-25,132 |
| Change In Other Working Capital | $2,109 | - | - | $-38,148 |
| Change In Payables And Accrued Expense | $10,546 | $499,160 | $521,065 | $23,562 |
| Change In Accrued Expense | $35,855 | $369,800 | $39,469 | - |
| Change In Payable | $-25,310 | $129,360 | $481,596 | - |
| Change In Account Payable | $-25,310 | $129,360 | $481,596 | - |
| Change In Prepaid Assets | $1,336,483 | $195,446 | $-49,008 | $0 |
| Change In Receivables | $225,677 | $-282,623 | - | $-10,546 |
| Changes In Account Receivables | $225,677 | $-282,623 | - | $-10,546 |
| Other Non Cash Items | $203,882 | $137,796 | $-3,667,364 | $91,283 |
| Stock Based Compensation | $1,048,939 | $46,401 | - | $38,409 |
| Depreciation Amortization Depletion | $97,020 | $39,370 | - | $18,944 |
| Depreciation And Amortization | $97,020 | $39,370 | - | $18,944 |
| Depreciation | $97,020 | $39,370 | - | $18,944 |
| Gain Loss On Investment Securities | $-13,127,202 | $2,775,610 | $-4,330,739 | - |
| Net Income From Continuing Operations | $3,655,819 | $-5,736,824 | $6,056,428 | $-822,343 |
| Net Short Term Debt Issuance | - | $4,682,260 | $-87,880 | $727,649 |
| Short Term Debt Payments | - | $-28,122 | $-210,913 | - |
| Short Term Debt Issuance | - | $4,710,382 | $123,032 | $727,649 |
| Taxes Refund Paid | - | - | $-24,292 | - |
| Net Intangibles Purchase And Sale | - | - | - | $-54,280 |
| Purchase Of Intangibles | - | - | - | $-54,280 |
| Interest Paid Cfo | - | - | - | $-11,209 |
Fetched: 2026-06-24