HOVR Earnings — New Horizon Aircraft Ltd. Class A Ordinary Share Post-ER Performance | BigEarnings
HOVR — New Horizon Aircraft Ltd. Class A Ordinary Share
XNAS · Industrials · Aerospace & Defense
Price$1.56
Market Cap$87.7M
P/E—
52W Range$1.16 – $4.18
Next Earnings2026-10-09
About New Horizon Aircraft Ltd. Class A Ordinary Share
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.
🤖 AI Earnings Analysis
The key event was the closing of a registered direct offering, which should extend runway for its hybrid-electric eVTOL program. But the quarter was weak, with **EPS of -$0.13** missing by $0.02 and no revenue yet to validate execution.
