New Horizon Aircraft Ltd. (HOVR)
About New Horizon Aircraft Ltd.
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities, and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
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Financial summary
- Net income
- $8.6M
- Total assets
- $122.1M
- Market cap
- $139.6M
Source: SEC EDGAR · updated Jun 8, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $0
- Operating expenses
- $13.6M
- Operating income
- -$13.6M
- Net income
- $5.2M
- EPS (basic)
- $0.20
- EPS (diluted)
- $0.17
Balance sheet
- Total assets
- $8.4M
- Current assets
- $8.2M
- Total liabilities
- $5.8M
- Current liabilities
- $1.3M
- Shareholders’ equity
- $2.6M
Cash flow
- Operating cash flow
- -$9.3M
- Investing cash flow
- -$142.0K
- Financing cash flow
- $15.2M
- Net cash flow
- $5.7M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $139.6M
- P/E ratio
- 10.5
- EPS (diluted)
- $0.17
- Shares outstanding
- 78.4M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jan 16, 2024
New Horizon Aircraft Ltd. (HOVR) Stock Price
- Profitable — net income of $8.6M.
- Trading 54% below its 52-week high.
- Valued at a price-to-earnings (P/E) ratio of 10.5.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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News about New Horizon Aircraft Ltd.
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New Horizon Aircraft Ltd.: frequently asked questions
Is New Horizon Aircraft Ltd. an American company?
New Horizon Aircraft Ltd. is a US-based company, listed in the americancompanies.com directory of American companies. Its American-origin credentials have not yet been independently verified.
Is New Horizon Aircraft Ltd. publicly traded?
Yes — New Horizon Aircraft Ltd. is a publicly traded company. Its stock trades under the ticker symbol HOVR on the NASDAQ.
What does New Horizon Aircraft Ltd. do?
New Horizon Aircraft Ltd. is an American Aircraft & Components company in the Aerospace & Defense sector.
