Earnings summaries and quarterly performance for New Horizon Aircraft.
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Horizon Aircraft Reports Second Quarter Fiscal 2026 Results and Business Update
HOVR
Earnings
New Projects/Investments
Hiring
- New Horizon Aircraft Ltd. (Horizon Aircraft) reported its financial and operational results for the second quarter of fiscal 2026, which concluded on November 30, 2025.
- The company strengthened its liquidity, holding more than $24 million of cash on hand, which is expected to provide sufficient capital to achieve its goals through 2026.
- Significant development progress was made on the full-scale hybrid-electric Cavorite X7 aircraft, with assembly of the first prototype anticipated in 2026 and initial testing in early 2027.
- Horizon Aircraft received a non-dilutive grant under the INSAT program, estimated at $10.5 million, for an all-weather eVTOL project.
- The company enhanced operational efficiency, reflected in lower administrative costs relative to increased R&D, and doubled its engineering team year over year, with plans to double headcount again by the end of 2026.
Jan 14, 2026, 12:05 PM
Horizon Aircraft Announces Q1 2026 Results and Progress on Cavorite X7 eVTOL
HOVR
Earnings
New Projects/Investments
Guidance Update
- New Horizon Aircraft Ltd. (HOVR) reported its first quarter fiscal 2026 results for the three months ended August 31, 2025.
- The company is progressing with the construction of its full-scale hybrid Cavorite X7 eVTOL aircraft, targeting readiness for initial testing in 18 months.
- Technical milestones for the full-scale prototype were achieved in Q1 2026, including the completion of platform level architecture and active testing of main wing propulsion units.
- Horizon Aircraft maintains strong liquidity, possessing more than 18 months of working capital.
Oct 10, 2025, 12:37 PM
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