New Horizon Aircraft Ltd. HOVR
Original Equipment Manufacturer ("OEM") that is designing and building a next generation hybrid-electric Vertical Takeoff
and Landing ("eVTOL") aircraft for the Regional Air Mobility ("RAM") market. Our aircraft aims to offer a more
efficient way to move people and goods at a regional level, from 50 to 500 miles, help to connect remote communities, and improve our
ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating income | — | — | -$1.7M | — |
| Pre-tax income | — | — | $9.7M | — |
| Income tax | — | — | $1.1M | — |
| Net income | — | — | $8.6M | — |
| Shares, diluted (wtd. avg.) | 43.0M | 30.8M | 10.7M | 7.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | — | — | $16.1K | $88.3K |
| Total current assets | — | — | $121.8K | $89.6K |
| Total assets | — | — | $122.1M | $458.5K |
| Accounts payable | — | — | $685.0K | — |
| Total current liabilities | — | — | $986.2K | $442.1K |
| Total liabilities | — | — | $7.1M | $442.1K |
| Retained earnings | — | — | -$6.9M | -$8.7K |
| Total equity | — | — | -$6.9M | $16.3K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | — | — | -$2.1M | — |
| Investing cash flow | — | — | -$116.7M | — |
| Financing cash flow | — | — | $118.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-078490.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Net income | — | $8.6M | — | — |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3721
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BA | BOEING CO | $148.87B | 75.9x | 34.5% |
| AVAV | AeroVironment Inc | $6.24B | — | 140.9% |
| JOBY | Joby Aviation, Inc. | $4.71B | — | 39,183.1% |
| BETA | BETA Technologies, Inc. | $4.59B | — | 136.0% |
| ACHR | Archer Aviation Inc. | $3.01B | — | — |
| EVEX | Eve Holding, Inc. | $571.5M | — | — |
| AIRO | AIRO Group Holdings, Inc. | $149.9M | — | 4.6% |
| UAVS | AgEagle Aerial Systems Inc. | $38.1M | — | -4.3% |