New Horizon Aircraft Ltd. HOVR

1.73 (0.02) (1.14%) as of 25 Sep
Market cap
$122.2M
P/E
0.0×

Insider Decisions

Total sells 1.44
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell 3 — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 122.17
Revenue —
Net Income (24.00)
Free Cash Flow (12.66)
Net Debt (56.77)
Current Ratio 22.76
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 0.00
P/B ratio 1.58
Past 5Y EPS Growth —
This Y EPS Growth 18.42%
Next Y EPS Growth (34.14%)
Next 5Y EPS Growth (22.95%)
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 2026
Cash 0 1 5 57
Receivables 0 0 0 3
Inventory — — — —
Other — — — —
0 3 6 60
2023 2024 2025 2026
Payables 0 1 0 2
ST’ Debt — — — —
Other — — — —
1 1 1 3
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 401.23% 0.00%

Revenue

Year
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Aug Nov Feb May Year
’26 — — — — —
’26 (2) (2) (5) (3) (12)
’25 (1) (2) (2) (2) (7)
’24 — — 0 0 0
’23 0 0 — — (2)
’23 — — (1) 0 (1)
’22 0 0 — — 0
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Aug Nov Feb May Year
’26 — — — — —
’26 (2) (2) (5) (3) (13)
’25 (1) (2) (2) (2) (7)
’24 — — 0 0 0
’23 0 0 — — (2)
’23 — — (1) 0 (1)
’22 0 0 — — 0
in millions of $ · fiscal quarters ending in the months shown

EPS

Aug Nov Feb May Year
’26 — — — — —
’26 (0.21) (0.15) (0.12) (0.09) (0.56)
’25 (0.11) 0.58 (0.12) (0.20) 0.12
’24 — — (0.32) (0.06) (0.55)
’23 (0.06) (0.11) — — 1.75
’23 — — (0.03) (0.19) (0.13)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
— — — — — — 7.10 0.24 0.35 1.25

Analyst estimates 2027–2029

Powerpack
Low Price
— — — — — — 12.00 12.15 4.18 3.68
High Price
— — — — — 3 12 16 30 58
Employees
— — — — — 0 0 0 0 0
Revenue/Emp
— — — — — — — — — —
Revenue
— — — — — — — — — —
Gross Margin
— — — — — 0 10 (6) 4 (24)
EBT
— — — — — 0.00% 0.00% 0.00% 0.00% 0.00%
EBT Margin
— — — — — 0 9 (14) 4 (24)
Net Income
— — — — — 0 0 0 0 0
Depreciation
— — — — — 0.00 0.00 0.00 0.00 0.00
Revenue/Sh
— — — — — 0.00 1.75 (0.55) 0.14 (0.56)
Earnings/Sh
— — — — — 0.00 (0.43) (0.02) (0.26) (0.28)
Cash Flow/Sh
— — — — — 0.00 0.00 (0.01) 0.00 (0.02)
Capex/Sh
— — — — — 0.00 (0.43) (0.04) (0.27) (0.29)
Free CF/Sh
— — — — — 0.01 (1.39) (1.20) 0.07 1.20
Book Value/Sh
— — — — — 3 5 11 26 43
Shares
— — — — — — — — — —
PE Ratio
— — — — — — — — — —
PS Ratio
— — — — — — — — — —
PB Ratio
— — — — — — — — — —
EV/Sales
— — — — — — — — — —
EV/FCF
— — — — — 0 (2) 0 (7) (12)
Op' Cash Flow
— — — — — 0 — 0 0 (1)
Capex
— — — — — 0 (2) 0 (7) (13)
FCF
— — — — — 0 (1) 2 5 57
Working Cap'
— — — — — 0 0 — — —
Total Debt
— — — — — 0 0 (1) (5) (57)
Net Debt
— — — — — 0 (7) (13) 2 52
Sh' Equity
— — — — — (3.79%) 14.08% (9.31%) 78.21% (71.79%)
ROA
— — — — — 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC
— — — — — 0.00% (218.39%) 59.32% (48.59%) (108.25%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

New Horizon Aircraft Ltd. peers in Aerospace & Defense

All 82 Aerospace & Defense stocks →

New Horizon Aircraft Ltd. (HOVR) key facts

  • New Horizon Aircraft Ltd. (HOVR) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
  • As of September 25, 2026, HOVR traded at $1.73, a market capitalization of $122.2 million.
  • Return on equity was −108.3% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

New Horizon Aircraft Ltd. (HOVR) Latest News

News by impact score

Fine-tune

24 Sep

3

New Horizon Aircraft Ltd. will release its fiscal Q1 2027 results on Oct. 9, 2026, before market open, and hold a webcasted earnings call at 8:30 a.m. ET featuring CEO Brandon Robinson and CFO Brian Merker to discuss results and provide a business update. Investors can submit questions for the call by Oct. 2, 2026 at [email protected], and those submitting questions will be added to the IR mailing list. The live webcast can be joined on Horizon’s investor relations site or accessed by telephone (NA: 888-506-0062; international: 973-528-0011; Access Code: 310518), with an archived recording available afterward. Horizon describes its hybrid-electric VTOL aircraft as designed to fly most missions in wing-borne flight and plans to scale production after testing to meet demand from regional operators, emergency services, and military customers. Near-term earnings release and Q&A are likely to modestly affect sentiment and visibility, but don't imply a fundamental change in trajectory.

21 Sep

4

RedChip will host an investor webinar on Sept. 23, 2026, featuring Horizon Aircraft Ltd. (NASDAQ:HOVR) management to discuss the Cavorite X7, a next‑generation hybrid‑electric VTOL designed for commercial, government, and defense use. The X7 targets about 250 mph, 500 miles of range, and 1,500 pounds of payload, combining Horizon’s fan‑in‑wing design with hybrid propulsion to enable vertical takeoff and landing while conducting roughly 98% of missions in forward flight. Horizon emphasizes mission‑critical markets—defense, medevac, disaster relief, and regional transport—where speed, range, and reliability without traditional runway infrastructure can expand its addressable geography. The company promotes a capital‑efficient OEM model, pricing aircraft around $6–8 million (vs $12–15 million for helicopters). Progress includes large‑scale prototype testing and construction of a full‑scale aircraft, with flight testing planned for 2027 and a Canadian certification pathway, FAA validation anticipated, and a patent portfolio over 30. Regulatory certification path and multi-market, lower-cost eVTOL potentially shift Horizon's growth trajectory.

1 Sep

4

Horizon Aircraft has begun ice protection technology testing to advance all-weather certification for its aircraft. Initiation of ice protection testing advances all-weather certification critical for expanding operational capabilities.

21 Jul

4

Horizon Aircraft secures letter of intent with V-Star Powered Lift Aviation for purchase of up to 100 hybrid eVTOLs valued at $600 million. The $600 million LOI for 100 eVTOLs represents a major contract that can significantly boost future revenue and market position.

17 Jul

4

New Horizon Aircraft Ltd. (HOVR) reported full year fiscal 2026 results, describing the period as one of meaningful de-risking. Full-year results and explicit de-risking progress signal major strategic advancement likely to shift trajectory and sentiment.

16 Jul

4

Horizon Aircraft reports fiscal 2026 fourth quarter results, strengthens balance sheet to $78.3 million, and advances full-scale Cavorite X7 development. Strengthened balance sheet and Cavorite X7 development progress represent major strategic and financial advances likely to boost company trajectory and sentiment.

3 transcript

New Horizon Aircraft Ltd (HOVR) highlighted financial strength and operational progress during its Q4 2026 earnings call. Earnings highlights provide updated financial metrics that can shift near-term investor sentiment without altering core strategy.

3

New Horizon Aircraft Ltd. (HOVR) released Q4 earnings call highlights covering financial results, operational updates and forward outlook. Quarterly earnings data and guidance directly affect near-term valuation and trading activity.

9 Jul

3

Horizon Aircraft selects BETA Technologies advanced flight control computers and software for the Cavorite X7. Selection of flight control technology supports product development but does not alter company trajectory.

9 Jun

4

Horizon Aircraft partners with Marshall Aerospace to advance Cavorite X7 flight model development. Partnership represents major strategic move advancing core product and altering company trajectory.

27 May

4

New Horizon Aircraft Ltd. (HOVR) closed a $25 million offering of common shares. Closing the $25 million share offering supplies major new capital that can accelerate operations and strategic plans.

26 May

4

New Horizon Aircraft (HOVR) advances dual use certification for Cavorite X7, triggering fresh valuation assessment. Dual use certification progress for Cavorite X7 signals major regulatory milestone likely to expand market access and lift investor sentiment.

3

New Horizon Aircraft Ltd. prices $25 million common shares offering. Equity raise supplies $25 million capital while diluting shares and influencing near-term valuation.

21 May

4

Horizon Aircraft advances dual-use certification path via partnership with Cert Center Canada. Partnership drives regulatory progress essential for dual-use aircraft market entry and growth.

11 May

4

New Horizon Aircraft Ltd. (HOVR) closed a $20 million offering of common shares. A $20 million share offering provides critical capital infusion to fuel development and operations, significantly enhancing financial flexibility and investor interest.

10 May

4

New Horizon Aircraft Ltd. (HOVR) raised US$19.9 million in equity to fund Cavorite X7 development, prompting a reassessment of its valuation amid ongoing regional aircraft innovation. $19.9 million equity raise directly funds Cavorite X7 development, enabling major progress on HOVR's core hybrid-electric aircraft project and positively influencing future performance.

6 May

4

New Horizon Aircraft Ltd. (HOVR) priced a $20 million underwritten public offering of 20 million common shares at $1.00 per share, expecting gross proceeds of $20 million before expenses to fund certification, development, manufacturing, and general corporate purposes. $20 million capital raise enables accelerated certification, development, and manufacturing for HOVR's eVTOL aircraft, significantly bolstering financial runway and growth trajectory.

15 Apr

4

New Horizon Aircraft Ltd. (HOVR) Q3 2026 earnings call highlights strategic partnerships and key developments. Strategic partnerships in Q3 2026 earnings call signal major moves to enhance HOVR's competitive positioning and investor sentiment.

14 Apr

3

New Horizon Aircraft Ltd. (HOVR) released Q3 earnings call highlights covering financial results, operational progress, and future guidance for the hybrid electric aircraft developer. Q3 earnings highlights detail financial metrics and strategic updates with moderate influence on short-term investor sentiment and operational outlook.

3

Horizon Aircraft reported results for the third quarter of fiscal year 2026 and provided a business update. Quarterly financial results and business updates moderately affect financial performance and investor sentiment.

8 Apr

4

New Horizon Aircraft Ltd. (HOVR) partners with MHIRJ to advance regional air mobility through collaborative efforts. Strategic partnership with MHIRJ accelerates HOVR's regional air mobility initiatives and strengthens market positioning.

7 Apr

3

New Horizon Aircraft CEO Brandon Robinson discussed hybrid eVTOL technology, company developments, and market potential in a fireside chat. CEO's fireside chat on core hybrid eVTOL tech offers strategic insights likely to moderately influence investor sentiment and competitive positioning.

5 Mar

4

Horizon Aircraft's unique VTOL aircraft delivers up to 75% lower operating costs than helicopters. Claim of 75% lower operating costs than helicopters highlights major competitive advantage for HOVR's VTOL, likely boosting investor sentiment and market performance.

10 Feb

4

New Horizon Aircraft Ltd. (HOVR) has partnered with North Aircraft Industries to manufacture the wings for its Cavorite X7 aircraft. This collaboration aims to enhance production capabilities and streamline the manufacturing process for the innovative aircraft, which is designed for vertical takeoff and landing. The partnership is expected to leverage North Aircraft Industries' expertise in aerospace manufacturing, contributing to the overall development and delivery timeline of the Cavorite X7. The partnership is a significant strategic move that could enhance production efficiency and accelerate the development of a key product.

29 Jan

4

New Horizon Aircraft Ltd. (HOVR) has partnered with RAMPF to manufacture the fuselage for its aircraft. This collaboration aims to enhance production capabilities and streamline the manufacturing process, contributing to the development of HOVR's innovative aircraft designs. The partnership is expected to leverage RAMPF's expertise in composite materials and manufacturing technologies, positioning HOVR for future growth in the aerospace sector. The partnership with RAMPF is a significant strategic move that could enhance production efficiency and innovation in HOVR's aircraft development.

23 Jan

3

Horizon Aircraft Ltd. (HOVR) will participate in an upcoming investor conference and industry trade show, providing an opportunity for the company to showcase its innovations and engage with potential investors and industry stakeholders. Participation in industry events can enhance visibility and networking opportunities, potentially influencing market sentiment and investor interest.

21 Jan

4

Horizon Aircraft has announced significant advancements for its full-scale Cavorite X7, an innovative eVTOL aircraft. The company highlighted improvements in design, performance, and safety features, aiming to enhance its competitive edge in the urban air mobility market. These developments are expected to attract interest from potential investors and partners, positioning Horizon Aircraft favorably within the growing aerospace sector. The advancements in the Cavorite X7 are likely to significantly impact Horizon Aircraft's market positioning and investor sentiment.

16 Jan

4 transcript

New Horizon Aircraft Ltd. (HOVR) reported its Q2 earnings, highlighting a significant increase in revenue driven by strong demand for its latest aircraft models. The company also announced plans for expanding its production capacity and investing in new technologies to enhance efficiency. Management expressed optimism about future growth prospects, citing favorable market conditions and a robust order backlog. However, challenges related to supply chain disruptions were acknowledged, which may impact timelines. Overall, the earnings call reflected a positive outlook for HOVR's performance in the coming quarters. The company's plans for expansion and investment in new technologies indicate a significant strategic shift that could alter its market position.

4

New Horizon Aircraft Ltd. (HOVR) is identified as a speculative microcap with significant growth potential. The company is positioned in the aviation sector, focusing on innovative aircraft solutions. Analysts highlight its unique market niche and potential for expansion, despite inherent risks associated with microcap investments. The article emphasizes the importance of monitoring industry trends and company developments to gauge future performance. The company's innovative approach and market positioning suggest significant potential for growth and impact on investor sentiment.

15 Jan

4

New Horizon Aircraft Ltd. (HOVR) has made significant progress on its full-scale prototype, aiming for completion in 2026. The company is actively putting the necessary components in place to ensure successful development across all fronts. The completion of the full-scale prototype is a major strategic move that could significantly alter the company's trajectory and investor sentiment.

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