HOVR
New Horizon Aircraft Ltd.1.7600
+0.1600+10%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
76.31MP/E (TTM)
88.00Basic EPS (TTM)
0.02Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
New Horizon Aircraft posted a Q2 FY2026 operating loss of $5.1M CAD, up 56% y/y from $3.3M (derived), driven by R&D spend doubling to $2.6M on full-scale prototype engineering and staffing. Net loss hit $8.7M CAD after $4.0M warrant fair-value hit, versus $19.7M CAD profit last year on one-off FPA termination. Cash swelled to $24.3M CAD on $19.1M sales agreement proceeds and $3.3M warrant exercises, funding ops for 12+ months. Cash burn quickened to $5.0M CAD YTD (derived). Secured INSAT grant for sustainable aviation. Warrant volatility swings earnings.
8-K
Q2 results: strong progress, liquidity
New Horizon Aircraft reported Q2 fiscal 2026 results on January 14, 2026, highlighting progress on its Cavorite X7 hybrid-electric VTOL with prototype assembly slated for 2026 and testing in early 2027. Cash exceeds $24 million, funding operations through 2026, bolstered by a $10.5 million INSAT grant. Team doubled year-over-year. Execution risks loom large.
8-K
ESPP approved, directors elected
New Horizon Aircraft shareholders elected John Maris and Jameel Janjua as Class II directors at the November 25, 2025 annual meeting, while approving the ESPP and MNP LLP as auditors for fiscal 2026. The ESPP, effective May 1, 2024, matches employee payroll contributions up to 10% for executives and 6% for others to buy Common Shares on the open market. Janjua adds test pilot expertise. Retention tool sharpened.
8-K
Boosts ATM offering to $50M
New Horizon Aircraft boosted its at-the-market offering under the February 2025 Sales Agreement with JonesTrading to a $50M total cap on October 31, 2025, allowing up to $35.1M more in Common Shares. It filed a prospectus supplement and legal opinion. Capacity expanded. No sales proceeds or use disclosed.
10-Q
Q1 FY2026 results
New Horizon Aircraft burned CAD$5.9M on operating expenses in Q1 FY2026 ended August 31, 2025, up from $2.7M y/y, driven by R&D jumping to $2.7M on engineering and flight testing while G&A hit $3.2M from stock-based comp. Net loss widened to $10.9M or $(0.29) per share on 37.1M diluted shares, versus $(0.15) y/y, as warrant fair-value changes added $5.1M—far exceeding the operating loss. Cash swelled to $16.3M q/q via $11.2M financing including $8.3M from share sales and $3.0M warrant exercises, funding ops for 12 months. Free cash flow not disclosed in the 10-Q. Cash burn accelerates.
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