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Complete financial analysis of New Horizon Aircraft Ltd. (HOVR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of New Horizon Aircraft Ltd., a leading company in the Aerospace & Defense industry within the Industrials sector.
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New Horizon Aircraft Ltd. (HOVR)
About New Horizon Aircraft Ltd.
New Horizon Aircraft Ltd., an aerospace engineering company, focuses on designing and developing the hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market primarily in the United States. It is developing 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.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 435.96K | 613.39K |
| Gross Profit | 0.00 | -435.96K | -613.39K |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 598.55K | 666.02K |
| General & Administrative | 0.00 | 351.58K | 501.37K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 |
| SG&A | 1.67M | 351.58K | 501.37K |
| Other Expenses | 0.00 | -9.71K | 141.92K |
| Operating Expenses | 1.67M | 649.70K | 1.17M |
| Cost & Expenses | 1.67M | 1.09M | 1.78M |
| Interest Income | 5.22M | 0.00 | 0.00 |
| Interest Expense | 0.00 | 74.33K | 2.15K |
| Depreciation & Amortization | -6.16M | 26.95K | 24.26K |
| EBITDA | -7.83M | -1.07M | -1.61M |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% |
| Operating Income | -1.67M | -1.39M | -1.78M |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -6.49M | 216.40K | 127.82K |
| Income Before Tax | -8.16M | -1.17M | -1.65M |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 1.10M | 64.62K | 144.07K |
| Net Income | -6.04M | -8.69K | -1.65M |
| Net Income Ratio | 0.00% | 0.00% | 0.00% |
| EPS | 0.00 | 0.00 | 0.00 |
| EPS Diluted | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 10.72B | 17.10B | 16.69B |
| Weighted Avg Shares Out (Dil) | 10.72B | 17.10B | 16.69B |
Horizon Aircraft to Participate in the 13th Annual Roth Technology Conference
TORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that Brandon Robinson, CEO,...
Horizon Aircraft to Participate in the LD Micro Main Event XVII Investor Conference
Toronto, Ontario--(Newsfile Corp. - October 16, 2024) - New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today that it will...
Horizon Aircraft to Exhibit Hybrid eVTOL at the Japan International Aerospace Exhibition 2024
TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that it will attend...
New Horizon Aircraft Announces Closing of $2.9 Million Public Offering
TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), today closed its previously announced underwritten public offering of (i) 2,800,000 of its Class A ordinary shares, no par value per share, and accompanying warrants to purchase up...
Horizon Aircraft Appoints Tom Brassington as Chief Technology Officer
Tom Brassington joins from Lilium, bringing significant eVTOL industry experience Tom Brassington joins from Lilium, bringing significant eVTOL industry experience
New Horizon Aircraft Announces Pricing of $2.9 Million Public Offering
TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, today announced...
Why Is New Horizon Aircraft (HOVR) Stock Down 6% Today?
New Horizon Aircraft (NASDAQ: HOVR ) stock is falling on Wednesday after the aerospace original equipment manufacturer company's shares underwent a rally yesterday. That saw shares of HOVR stock close out normal trading hours on Tuesday up 32.2%.
Horizon Aircraft to Attend the Farnborough International Airshow 2024
TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that it will attend the...
Horizon Aircraft Announces Participation in the 2nd Annual Jefferies eVTOL / AAM Summit
TORONTO, May 23, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that the Company will...
Horizon Aircraft Announces Participation in the EF Hutton Annual Global Conference
Toronto, Ontario--(Newsfile Corp. - May 6, 2024) - New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today that the Company...
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