New Horizon Aircraft Ltd. Class A Ordinary Share — Quarterly Financial Statements (NASDAQ:HOVRW)

Financials

Market Capitalization 83.2846 M
Employee 30
Founded 2013
CEO N/A
Website www.horizonaircraft.com
Headquarter British Columbia, Canada
FIGI BBG01G281P33
Industry Technology

Basic earnings per share (Basic EPS)

83.28 M Market capitalization

New Horizon Aircraft Ltd - Warrant

New Horizon Aircraft Ltd. is a publicly traded company headquartered in Lindsay, Ontario, which is developing a hybrid eVTOL aircraft for regional air mobility. It is designing the Horizon Cavorite X7 as a hybrid-electric 6-passenger aircraft that has electric fans for vertical takeoff and landing and a turboprop engine for forward flight. Horizon Aircraft expects that its hybrid architecture will result in greater range compared to electric-only VTOL aircraft, while having 20–30% lower operating costs and twice the speed of a traditional helicopter. Development of a full-scale prototype is ongoing with the intent of having the Cavorite X7 certified and flying before 2030.