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.- CEO
- Brandon E. Robinson
- Full Time Employees
- 30
- 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.
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
New Horizon Aircraft Ltd. Announces Pricing of $20 Million Offering of Common Shares
Horizon Aircraft to Participate in Upcoming Events
New Horizon Aircraft Q3 Earnings Call Highlights
Horizon Aircraft Reports Results for Third Quarter of Fiscal Year 2026 and Provides Business Update
Analyzing Momentus (NASDAQ:MNTS) and New Horizon Aircraft (NASDAQ:HOVR)
Horizon Aircraft and MHIRJ Join Forces to Advance Regional Air Mobility
Horizon Aircraft to Report Third Quarter 2026 Results and Provide a Business Update on April 14, 2026
Horizon Aircraft's Unique VTOL Delivers Up to 75% Lower Operating Costs Than Helicopters