YOLFTbeta
New Horizon Aircraft Ltd

New Horizon Aircraft Ltd

HOVR · NASDAQ · Industrials / Aerospace & Defense

1.27USD+0.01 (+0.79%)

Price History

Full chart

Market Stats

Previous Close1.26
Open1.28
Day Range1.22 – 1.31
52-Week Range1.16 – 4.18
Volume369.22K
Market Cap116.12M
P/E (TTM)0.00
Forward P/E0.00
EPS-0.55
Dividend Yield0.00%
Beta3.86
50-Day Avg1.78
200-Day Avg1.92

About

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.

Company Details

  • SectorIndustrials
  • IndustryAerospace & Defense
  • CEOMr. Eric Brandon Robinson
  • Employees58
  • Headquarters3187 Highway 35, Lindsay, ON, Canada, K9V 4R1, USA
  • Websitehttps://www.horizonaircraft.com

Leadership

  • Mr. Eric Brandon RobinsonCo-founder, Chairman & CEO · b. 1980
  • Mr. Brian MerkerChief Financial Officer · b. 1977
  • Mr. Jason O'NeillChief Operating Officer · b. 1979
  • Mr. E. Brian RobinsonFounder & Chief Engineer · b. 1950
  • Mr. Tom BrassingtonChief Technology Officer
  • Mr. Todd BissettExternal General Counsel
  • Mr. Stewart LeeHead of People & Strategy · b. 1974
  • Mr. Phil KellySenior Vice President of Business Development
  • Mr. Richard AlexanderChief Engineer of Certified Programs

Financials

Income Statement

Currency: CAD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue00000
Cost of Revenue613.39K435.96K---
Gross Profit-613.39K-435.96K---
Operating Expense1.17M1.03M---
Operating Income-1.78M-1.46M-1.67M-4.62M-13.59M
EBITDA-1.63M-1.22M-7.83M-7.94M5.34M
Net Income-1.65M-1.25M-6.04M-8.16M5.20M
R&D666.02K676.00K880.00K880.00K3.66M
Interest Expense2.15K74.33K-164.32K-

Balance Sheet

Currency: CAD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.16M1.41M4.94M4.94M11.54M
Total Liabilities2.44M1.83M22.88M22.88M7.99M
Total Equity-1.28M-413.49K-17.93M-17.93M3.55M
Cash4.32K227.97K1.82M1.82M10.36M
Total Debt2.25M1.60M74.00K74.00K41.16K
Net Debt2.25M1.38M-1.74M-1.74M-10.31M

Cash Flow

Currency: CAD2021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.62M-1.01M-3.31M-3.31M-12.78M
Investing Cash Flow-130.57K-77.21K-209.00K-209.00K-194.85K
Financing Cash Flow1.60M1.31M5.11M5.11M20.84M
Capital Expenditure130.57K77.21K209.00K209.00K194.85K
Free Cash Flow-1.75M-1.09M-3.52M-3.52M-12.97M
FCF to OCF108.04%107.64%106.32%106.32%101.52%

Earnings

Report DateFeb 10, 2023Mar 30, 2023Jun 30, 2023Sep 30, 2023Dec 31, 2023Feb 29, 2024May 31, 2024Aug 31, 2024Oct 30, 2024Jan 29, 2025Apr 14, 2025Aug 22, 2025Oct 10, 2025Jan 14, 2026Apr 14, 2026Jul 16, 2026Oct 9, 2026
EPS Estimate0.000.00----------0.05-0.12-0.15-0.11-0.11-0.08
EPS Actual0.000.000.070.010.40-0.34-0.07-0.11-0.110.69-0.12-0.28-0.29-0.21-0.16-0.09-
Surprise------------460.00%-141.67%-40.00%-45.45%18.18%-
Timing----------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap116.12M
Enterprise Value61.85M
Trailing P/E0.00
Forward P/E0.00
Price / Sales0.00
Price / Book2.45
EPS-0.55
Book Value0.7605
Revenue (TTM)0
Gross Profit (TTM)0
EBITDA-23.17M
Profit Margin0.00%
Operating Margin0.00%
Return on Equity-89.81%
Return on Assets-31.81%
Shares Outstanding67.12M
Shares Float54.10M
Beta3.86
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 2 analystsTarget 8.29
  • Strong Buy
    2

Ownership Breakdown

Institutions
6.85%
Insiders
20.49%
Retail / Other
72.66%

Top Institutional Holders

  • Citadel Advisors Llc
    492.87K0.73%
  • Renaissance Technologies Corp
    457.37K0.68%
  • Jane Street Group LLC
    334.44K0.50%
  • XTX Topco Ltd
    117.70K0.18%
  • Marshall Wace Asset Management Ltd
    97.11K0.14%
  • SAXON INTERESTS, INC.
    50.00K0.07%
  • GSA Capital Partners LLP
    49.70K0.07%
  • CAMBRIDGE Invest RESEARCH ADVISORS, INC.
    40.90K0.06%
  • TWO SIGMA SECURITIES, LLC
    40.20K0.06%
  • Gabelli Funds LLC
    33.63K0.05%
  • Virtu Financial LLC
    27.12K0.04%
  • J.Derek Lewis & Associates Inc
    25.10K0.04%
  • Susquehanna International Group, LLP
    18.98K0.03%
  • HRT FINANCIAL LLC
    16.12K0.02%
  • Bank of America Corp
    16.00K0.02%
  • Morgan Stanley - Brokerage Accounts
    14.72K0.02%

Top Fund Holders

  • Lysander-Canso Aviation and Space F
    99.53K0.15%
  • Gabelli Comm. Aerospace & Defense ETF
    33.63K0.05%
  • Fidelity Nasdaq Composite Index
    22.44K0.03%
  • Lysander-Canso Canadian Equity F
    14.70K0.02%