New Horizon Aircraft Ltd
NASDAQCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Brandon E. Robinson
- Full Time Employees
- 58
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 3187 Highway 35 Lindsay ON Canada K9V 4R1
- IPO Date
- Apr 3, 2023
- CIK
- 0001930021
- Website
- horizonaircraft.com
- Similar Companies
- Business
- New Horizon Aircraft Ltd. (NASDAQ: HOVR) is a Canada-based advanced aerospace engineering company that designs and develops hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. Founded in 2013 and headquartered in Lindsay, Ontario, the company focuses on its flagship Cavorite X7, a 7-seat hybrid-electric aircraft featuring a patented fan-in-wing HOVR system for vertical takeoff and landing, transitioning to conventional fixed-wing flight with a turboprop engine; it offers up to 278 kilometers per hour maximum speed, 500 kilometers range with reserves, capacity for one pilot plus six passengers or 1,500 pounds useful load, 20-30% lower emissions than traditional helicopters, operation in known icing conditions, and 14 redundant lift fans for enhanced safety. The Cavorite X7 targets applications including medical evacuations, delivery of critical supplies to remote areas, disaster response, business travel, regional shuttles, and transportation to underserved communities, primarily in the United States and Canada. In December 2024, the company secured an $8.4 million strategic investment from a key investor, comprising common shares and convertible preferred shares to support operations, governance, regulatory priorities, and further development and flight testing of the Cavorite X7; earlier in November 2024, it terminated a forward purchase agreement, anticipating a $20-25 million gain; and in December 2025, it partnered with Motion Applied to advance certification and production scaling.
Company News
Horizon Aircraft to Report First Quarter 2027 Results and Provide a Business Update on October 9, 2026
New Horizon Aircraft Ltd. (HOVR) Discusses Development of Vertical Take-Off Aircraft with Enhanced Range and Weather Capabilities Transcript
New Horizon Aircraft Ltd. (HOVR) Presents at IAccess Alpha Virtual Best Ideas Fall Investment Conference 2026 Transcript
Horizon Aircraft to Participate in September Investment Conferences
Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair
Horizon Aircraft Advances All-Weather Certification Path with the Start of Ice Protection Technology Testing
Horizon Aircraft to Participate in August Investment Conferences
Contrasting New Horizon Aircraft (NASDAQ:HOVR) and Honeywell Aerospace (NASDAQ:HONA)
Horizon Aircraft Secures LOI with V-Star Powered Lift Aviation for the Purchase of Up to 100 Hybrid eVTOLs for $600 Million
New Horizon Aircraft Q4 Earnings Call Highlights
Horizon Aircraft Reports Fiscal 2026 Fourth Quarter Results, Strengthens Balance Sheet to $78.3 Million, and Advances Full-Scale Cavorite X7 Development
Horizon Aircraft Selects BETA Technologies Advanced Flight Control Computers and Software for the Cavorite X7
Horizon Aircraft to Report Fourth Quarter 2026 Results and Provide a Business Update on July 16, 2026
Horizon Aircraft's Leadership Team to Participate at Farnborough International Airshow 2026
Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace
Horizon Aircraft Appoints Richard Alexander as Chief Engineer of Certified Programs
New Horizon Aircraft Ltd. Announces Closing of $25 Million Offering of Common Shares
New Horizon Aircraft Ltd. Announces Pricing of $25 Million Offering of Common Shares
Horizon Aircraft Advances Dual-Use Certification Path Through Cert Center Canada Partnership
New Horizon Aircraft Ltd. Announces Closing of $20 Million Offering of Common Shares