New Horizon Aircraft Ltd.
HOVRW
NASDAQ Capital Market0.46
USD
-0.04
- -
CIK
0001930021
ISIN
CA64550A1158
CUSIP
64550A115
Return %
Stock
S&P500
1Y
419.19
26.53
3Y
933.71
76.60
5Y
933.71
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Eric Brandon Robinson
- Full Time Employees
- 20
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 3187 Highway 35 Lindsay ON Canada K9V 4R1
- IPO Date
- Jan 12, 2024
- CIK
- 0001930021
- Website
- horizonaircraft.com
- Similar Companies
- Business
- New Horizon Aircraft Ltd. New Horizon Aircraft Ltd. 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; its flagship product is the Cavorite X7, a hybrid-electric seven-seat aircraft featuring a patented HOVR fan-in-wing system that enables vertical takeoff and landing like a helicopter followed by efficient wing-borne flight akin to a conventional airplane, offering maximum speeds of up to 248 km/hr, ranges of 500 km with reserves, capacity for one pilot plus six passengers or 1,500 pounds of useful load, operation in known icing conditions and adverse weather, up to 30% reduced hydrocarbon emissions via an onboard hybrid turbine generator for self-charging, and 14 redundant lift fans for enhanced safety; the aircraft targets applications including medical supply delivery to remote areas, medevac operations nearly twice as fast as traditional helicopters, disaster response such as post-hurricane rescues and evacuations, regional shuttles, business travel, and transport to underserved communities. Founded in 2013 and headquartered at 3187 Highway 35 in Lindsay, Ontario, the company serves customers worldwide with a focus on safety, performance, utility, and real-world mission capabilities across North America and beyond. Recent developments include a strategic $8.4 million investment received in December 2024 from a key aerospace supporter to bolster operations, governance, regulatory priorities, and Cavorite X7 flight testing and development; a June 2025 partnership with MT-Propeller for certified composite propellers to enhance speed, efficiency, noise reduction, certification, and production readiness; a memorandum of understanding with 3C Flight Center of Excellence for certification planning, gap analysis, flight test execution, and airworthiness approval; achievement of untethered flight of the large-scale prototype in May 2024 and wing-borne transition flight in November 2024; and a $20-25 million gain in late 2024 from termination of a forward purchase agreement with Meteora Capital Partners.
New Horizon Aircraft (NASDAQ:HOVRW) Stock Price Up 1.1% – Here’s What Happened
New Horizon Aircraft (NASDAQ:HOVRW) Trading Down 0.5% – Here’s What Happened