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Home CompaniesNew Horizon Aircraft Ltd

New Horizon Aircraft Ltd

Industrials Aerospace & Defense
PortfolioPortfolio WatchlistWatchlist
Company price
1.38 USD 0.11 ( 8.66%)
Last update at 2026-11-09T17:54:00Z
VOLUME
722814
Market Cap
108.07M

Momentum Score

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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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
1.27
Low
1.39
High
52 Week Price Range
1.16
Low
4.18
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

New Horizon Aircraft Ltd is listed on NASDAQ under ticker HOVR, but publicly available information does not clearly document its core operations or revenue model. Because of this information gap, long-term growth drivers and competitive position cannot be confidently assessed; investors may benefit if the company issues detailed filings, credible product roadmaps, or demonstrates commercial traction.
The principal investment risks are opaque corporate disclosure, execution and financing uncertainty, potential illiquidity of the shares, and governance weaknesses that could hinder strategy implementation.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.27
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
0.01
ROE
-89.81%
Net Debt
-10.31M
ROCE
53.48%
Diluted EPS TTM
-0.54

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2023-05-31 2022-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2023-05-31 2022-12-31
Income before tax 5.20M -8.16M -8.16M -1.17M -1.25M
Net income 5.20M -8.16M -6.04M -1.17M -1.25M
Selling general administrative 9.93M 3.74M 3.74M 0.35M 0.79M
Gross profit - - - -0.44M -0.44M
Reconciled depreciation 0.30M 0.14M 0.06M 0.03M 0.03M
Ebit 5.20M -8.00M -1.67M -1.10M -1.25M
Ebitda 5.34M -7.94M -7.83M -1.07M -1.22M
Depreciation and amortization 0.14M 0.06M -6.16M 0.03M 0.03M
Operating income -13.59M -4.62M -1.67M -1.39M -1.46M
Other operating expenses 13.59M 4.62M 1.67M 1.09M 1.46M
Interest expense - 0.16M - 0.07M 0.07M
Tax provision 0.00M 0.00M 1.10M 0.00M 0.00M
Interest income 0.67M 0.12M 5.22M - -
Net interest income 0.67M 0.12M 5.22M -0.07M -0.07M
Income tax expense - - 1.10M 0.06M 0.06M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 13.59M 4.62M 1.67M 0.65M 1.46M
Cost of revenue - - - 0.44M 0.44M
Total other income expense net 18.79M -3.54M -6.49M -0.01M 0.22M
Net income from continuing ops -33.10M 5.20M 8.61M -1.17M -1.17M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2023-05-31 2022-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2023-05-31 2022-12-31
Total assets 11.54M 4.94M 4.94M 1.41M 1.41M
Intangible assets 0.21M 0.15M 0.15M - -
Other current assets 0.73M 2.43M 2.43M - 0.00M
Total liab 7.99M 22.88M 22.88M 1.83M 1.83M
Total stockholder equity 3.55M -17.93M -17.93M -0.41M -0.41M
Other current liab 0.86M 0.57M 0.57M 0.03M 0.03M
Common stock 116.04M 74.41M 74.41M 5.08M 5.08M
Capital stock 172.95M 90.84M 121.86M 5.08M 5.08M
Retained earnings -13.01M -14.68M -14.68M -5.55M -5.55M
Cash 10.36M 1.82M 1.82M 0.23M 0.23M
Total current liabilities 1.82M 1.33M 1.33M 1.49M 1.49M
Net debt -10.31M -1.74M -1.74M 1.38M 1.38M
Short term debt 0.03M 0.04M 0.04M 1.27M 1.27M
Short long term debt - - 0.17M 1.22M 1.22M
Short long term debt total 0.04M 0.07M 0.07M 1.60M 1.60M
Other stockholder equity -108.08M -77.66M -77.66M 0.05M 0.05M
Total current assets 11.21M 4.66M 4.66M 0.25M 0.25M
Short term investments - - 1.80M - -
Net receivables 0.13M 0.42M 0.42M 0.01M 0.01M
Long term debt - - - 0.26M 0.26M
Inventory - - -2.74M - -
Accounts payable 0.93M 0.71M 0.71M 0.19M 0.19M
Non currrent assets other - - 121.53M 0.97M 0.97M
Non current assets total 0.33M 0.28M 0.28M 1.17M 1.17M
Capital lease obligations 0.07M 0.03M 0.07M 0.12M 0.12M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2023-05-31 2022-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2023-05-31 2022-12-31
Investments - -0.14M -116.75M -0.08M -0.08M
Total cashflows from investing activities -0.19M -0.21M -0.21M - -0.08M
Net borrowings - 0.00M -0.12M - 1.31M
Total cash from financing activities 20.84M 5.11M 5.11M 1.31M 1.31M
Net income 7.14M -8.16M -8.16M -1.17M -1.17M
Change in cash 7.86M 1.59M 1.59M 0.22M 0.22M
Begin period cash flow 2.49M 0.23M 0.23M 0.00M 0.00M
End period cash flow 10.36M 1.82M 1.82M 0.23M 0.23M
Total cash from operating activities -12.78M -3.31M -3.31M -1.01M -1.01M
Issuance of capital stock 0.04M 12.31M 119.39M - -
Depreciation 0.19M 0.06M 0.06M 0.03M 0.03M
Other cashflows from investing activities - -0.21M -0.21M - -
Change to account receivables 0.44M -0.40M -0.40M -0.01M -0.01M
Other cashflows from financing activities 12.56M -1.61M -1.61M -0.08M 0.27M
Capital expenditures 0.19M 0.21M 0.21M 0.08M 0.08M
Change in working capital 3.07M 0.59M 0.59M -0.04M -0.04M
Stock based compensation 2.05M 0.07M 0.07M 0.05M 0.05M
Other non cash items -25.22M 4.14M 4.14M 0.13M 0.13M
Free cash flow -12.97M -3.52M -3.52M -1.09M -1.09M

Peer Comparison*

Sector: Industrials Industry: Aerospace & Defense

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
HOVR
New Horizon Aircraft Ltd		 0.11
8.66%		 1.38 - - - 2.37
SPCX
Space Exploration Technologies Corp. Class A Common Stock		 6.71
5.00%		 140.98 - 200.00 82.08 15.35
GE
GE Aerospace		 10.89
3.37%		 334.13 37.45 35.09 6.29 18.68
EADSF
Airbus Group SE		 1.00
0.44%		 226.00 25.70 22.32 2.30 5.91
BA
The Boeing Company		 -0.66
0.38%		 172.74 88.37 153.85 1.93 31.61

Profile*

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.

3187 Highway 35, Lindsay, ON, Canada, K9V 4R1

613 866 1935

https://www.horizonaircraft.com

58

Name Title Year Born
Mr. Jason O'Neill COO & Director 1979
Mr. E. Brian Robinson Chief Engineer 1950
Mr. E. Brandon Robinson Chairman & CEO 1980
Mr. Brian Merker Chief Financial Officer 1977
Mr. Todd Bissett External General Counsel NA
Mr. Stewart Lee Head of People & Strategy 1974
Mr. Eric Brandon Robinson Co-founder, Chairman & CEO 1980
Mr. Jason O'Neill Chief Operating Officer 1979
Mr. E. Brian Robinson Founder & Chief Engineer 1950
Mr. Tom Brassington Chief Technology Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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