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New Horizon Aircraft Ltd
Previous close
$1.84
Day range
$1.71 - $1.87
Year range
$0.43 - $4.18
Market cap
80.57M USD
Avg Volume
696.27K
P/E ratio
-
Dividend yield
-
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
| (CAD) | Feb 2026info | Y/Y change |
|---|---|---|
Revenue | — | — |
Operating expense | 7.59M | 113.53% |
Net income | -6.90M | -39.57% |
Net profit margin | — | — |
Earnings per share | -0.16 | — |
EBITDA | -7.51M | -113.53% |
Effective tax rate | — | — |
Balance Sheet
Total assets
Total liabilities
| (CAD) | Feb 2026info | Y/Y change |
|---|---|---|
Cash and short-term investments | 19.67M | 113.94% |
Total assets | 21.91M | 112.12% |
Total liabilities | 7.78M | 133.53% |
Total equity | 14.13M | — |
Shares outstanding | 45.26M | — |
Price to book | 10.82 | — |
Return on assets | -79.81% | — |
Return on capital | -132.53% | — |
Cash Flow
Net change in cash
| (CAD) | Feb 2026info | Y/Y change |
|---|---|---|
Net income | -6.90M | -39.57% |
Cash from operations | -6.82M | -159.89% |
Cash from investing | -140.00K | -53.85% |
Cash from financing | 2.33M | -78.89% |
Net change in cash | -4.63M | -155.72% |
Free cash flow | -8.04M | -460.83% |
About
New Horizon Aircraft Ltd. is a publicly traded company headquartered in Lindsay, Ontario, which is developing a hybrid eVTOL aircraft for regional air mobility.
It is designing the Horizon Cavorite X7 as a hybrid-electric 6-passenger aircraft that has electric fans for vertical takeoff and landing and a turboprop engine for forward flight. Horizon Aircraft expects that its hybrid architecture will result in greater range compared to electric-only VTOL aircraft, while having 20–30% lower operating costs and twice the speed of a traditional helicopter. Development of a full-scale prototype is ongoing with the intent of having the Cavorite X7 certified and flying before 2030. Wikipedia
Founded
2013
Website
Employees
30
