Is New Horizon Aircraft Ltd (HOVR) a Buy, Sell, or Hold?
NASDAQ : HOVR
New Horizon Aircraft Ltd
$1.57 USD
$0.07 (4.67%)
- Volume
- 1.69M
- Average Volume
- 2.32M
- Market Capitalization
- $71.01M
- P/E Ratio
- -2.86
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $4.18
- Year Low
- $1.16
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $22.76
HOVR Financial Statements
| date | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|---|
| revenue | - | - | - | - | - |
| costOfRevenue | - | - | - | - | - |
| grossProfit | - | - | - | - | - |
| researchAndDevelopmentExpenses | 13.24M | 3.66M | 880K | 676K | 666.02K |
| generalAndAdministrativeExpenses | 10.22M | 9.92M | 3.74M | 787K | 501.37K |
| sellingAndMarketingExpenses | - | - | - | - | 589.13K |
| sellingGeneralAndAdministrativeExpenses | 10.22M | 9.92M | 3.74M | 787K | 1.09M |
| otherExpenses | - | - | - | - | 23981 |
| operatingExpenses | 23.47M | 13.58M | 4.62M | 1.46M | 1.78M |
| costAndExpenses | 23.47M | 13.58M | 4.62M | 1.46M | 1.78M |
| netInterestIncome | 671K | 120.96K | -164.32K | -74329 | -2151 |
| interestIncome | 671K | 120.96K | - | - | - |
| interestExpense | - | - | 164.32K | 74329 | 2151 |
| depreciationAndAmortization | - | 138K | 56000 | 27000 | 24256 |
| ebitda | -23.47M | 5.34M | -7.94M | -1.22M | -1.63M |
| ebit | -23.47M | 5.2M | -8M | -1.25M | -1.65M |
| nonOperatingIncomeExcludingInterest | - | -18.78M | 3.37M | -216K | -128K |
| operatingIncome | -23.47M | -13.58M | -4.62M | -1.46M | -1.78M |
| totalOtherIncomeExpensesNet | -9.63M | 18.78M | -3.54M | 216K | 127.82K |
| incomeBeforeTax | -33.1M | 5.2M | -8.16M | -1.25M | -1.65M |
| incomeTaxExpense | - | - | - | - | - |
| netIncomeFromContinuingOperations | -33.1M | 5.2M | -8.16M | -1.25M | -1.65M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - |
| netIncome | -33.1M | 5.2M | -8.16M | -1.25M | -1.65M |
| netIncomeDeductions | - | - | - | - | - |
| bottomLineNetIncome | -33.1M | 5.2M | -8.16M | -1.25M | -1.65M |
| eps | -0.77 | 0.2 | -0.76 | -0.17 | -0.24 |
| date | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|---|
| cashAndCashEquivalents | 78.28M | 10.36M | 1.82M | 227.97K | 4322 |
| shortTermInvestments | - | - | - | - | - |
| cashAndShortTermInvestments | 78.28M | 10.36M | 1.82M | 227.97K | 4322 |
| netReceivables | 798K | 131.73K | 417K | 15000 | - |
| accountsReceivables | 798K | 131.73K | - | 15000 | - |
| otherReceivables | - | - | 417K | - | - |
| inventory | - | - | - | - | - |
| prepaids | 3.77M | 727.26K | 2.43M | 2509 | 2509 |
| otherCurrentAssets | - | - | - | - | 0.0 |
| totalCurrentAssets | 82.85M | 11.21M | 4.66M | 245.48K | 6831 |
| propertyPlantEquipmentNet | 950K | 119.38K | 128K | 194.11K | 262.41K |
| goodwill | - | - | - | - | - |
| intangibleAssets | - | 208.57K | 152K | - | - |
| goodwillAndIntangibleAssets | - | 208.57K | 152K | - | - |
| longTermInvestments | - | - | - | - | - |
| taxAssets | - | - | - | - | - |
| otherNonCurrentAssets | - | - | - | 971.99K | 894.78K |
| totalNonCurrentAssets | 950K | 327.95K | 280K | 1.17M | 1.16M |
| otherAssets | - | - | - | - | - |
| totalAssets | 83.8M | 11.54M | 4.94M | 1.41M | 1.16M |
| totalPayables | 2.77M | 931.72K | 715K | 186.56K | 159.91K |
| accountPayables | 2.77M | 931.72K | 715K | 186.56K | 159.91K |
| otherPayables | - | - | - | - | - |
| accruedExpenses | 818K | 622.97K | 490K | 33781 | 26919 |
| shortTermDebt | - | - | - | 1.22M | 90110 |
| capitalLeaseObligationsCurrent | 51000 | 30188 | 44000 | 48960 | 57520 |
| taxPayables | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - |
| otherCurrentLiabilities | - | 234.64K | 84000 | - | - |
| totalCurrentLiabilities | 3.64M | 1.82M | 1.33M | 1.49M | 334.46K |
| longTermDebt | - | - | - | 263.13K | 1.98M |
| capitalLeaseObligationsNonCurrent | 21000 | 10977 | 30000 | 73536 | 122.5K |
| deferredRevenueNonCurrent | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - |
| otherNonCurrentLiabilities | 9.02M | 6.16M | 21.51M | - | 0.0 |
| totalNonCurrentLiabilities | 9.05M | 6.17M | 21.54M | 336.67K | 2.11M |
| otherLiabilities | - | - | - | - | - |
| capitalLeaseObligations | 72000 | 41165 | 74000 | 122.5K | 180.02K |
| totalLiabilities | 12.69M | 7.99M | 22.88M | 1.83M | 2.44M |
| treasuryStock | - | - | - | - | - |
| preferredStock | 6.28M | 8.61M | - | - | - |
| commonStock | 166.7M | 116.04M | 74.41M | 5.08M | 3.1M |
| retainedEarnings | -42.58M | -13.01M | -14.68M | -5.55M | -4.38M |
| additionalPaidInCapital | -59.29M | -108.08M | -77.66M | 54632 | - |
| date | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|---|
| netIncome | -33.1M | 7.14M | -8.16M | -1.17M | -1.65M |
| depreciationAndAmortization | 298K | 189.36K | 56000 | 26946 | 24256 |
| deferredIncomeTax | - | - | - | -15943 | - |
| stockBasedCompensation | 7.16M | 2.05M | 66000 | 54632 | - |
| changeInWorkingCapital | -4.82M | 3.07M | 586K | -35748 | -17937 |
| accountsReceivables | -702K | 440.47K | -402K | -15000 | - |
| inventory | - | - | - | - | - |
| accountsPayables | 2.09M | -49398 | 184K | - | - |
| otherWorkingCapital | -6.21M | 2.68M | 804K | -20748 | -17937 |
| otherNonCashItems | 14M | -25.22M | 4.14M | 129.84K | 23409 |
| netCashProvidedByOperatingActivities | -16.49M | -12.78M | -3.31M | -1.01M | -1.62M |
| investmentsInPropertyPlantAndEquipment | -967K | -194.85K | - | -77207 | -44409 |
| acquisitionsNet | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - |
| otherInvestingActivities | - | - | -209K | - | -86166 |
| netCashProvidedByInvestingActivities | -967K | -194.85K | -209K | -77207 | -130.58K |
| netDebtIssuance | - | - | 6.71M | 1.31M | 1.6M |
| longTermNetDebtIssuance | - | - | 6.75M | 275.82K | 1.55M |
| shortTermNetDebtIssuance | - | - | -40325 | 1.04M | 50000 |
| netStockIssuance | 88.19M | 16.89M | - | -270.96K | - |
| netCommonStockIssuance | 88.19M | 8.27M | - | -270.96K | - |
| commonStockIssuance | 88.19M | 8.27M | - | -270.96K | - |
| commonStockRepurchased | - | - | - | - | - |
| netPreferredStockIssuance | - | 8.61M | - | - | - |
| netDividendsPaid | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - |
| otherFinancingActivities | - | 3.95M | -1.61M | 270.96K | - |
| netCashProvidedByFinancingActivities | 88.19M | 20.84M | 5.1M | 1.31M | 1.6M |
| date | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | - | - | - | - | - | - | - | - | - | - |
| costOfRevenue | -57077 | - | 57077 | - | - | - | - | - | - | - |
| grossProfit | 57077 | - | -57077 | - | - | - | - | - | - | - |
| researchAndDevelopmentExpenses | 2.1M | 5.85M | 2.58M | 2.72M | 2.49M | 443K | 427K | 297K | 245K | 270K |
| generalAndAdministrativeExpenses | 12112 | 4.51M | 2.51M | 3.19M | 1.56M | 3.11M | 2.85M | 2.41M | 1.92M | 989K |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 12112 | 4.51M | 2.51M | 3.19M | 1.56M | 3.11M | 2.85M | 2.41M | 1.92M | 989K |
| otherExpenses | 2.8M | -2.77M | -24581 | - | - | - | - | - | - | - |
| operatingExpenses | 4.9M | 7.59M | 5.07M | 5.91M | 4.05M | 3.55M | 3.27M | 2.7M | 2.16M | 1.26M |
| costAndExpenses | 4.85M | 7.59M | 5.12M | 5.91M | 4.05M | 3.55M | 3.27M | 2.7M | 2.16M | 1.26M |
| netInterestIncome | 33405 | 248.44K | 271.01K | 118.14K | 46830 | 51468 | 13218 | 10836 | 31991 | -15139 |
| interestIncome | 33405 | 248.44K | 271.01K | 118.14K | 46830 | 51468 | 13218 | 10836 | 31991 | - |
| interestExpense | - | - | - | - | - | - | - | - | - | 15139 |
| depreciationAndAmortization | -187.08K | 79000 | 57077 | 51000 | 40000 | 37000 | 31000 | 30000 | 15000 | 22000 |
| ebitda | 3.5M | -7.51M | -8.6M | -10.85M | -6.57M | -4.91M | 19.7M | -2.88M | -1.68M | -5.27M |
| ebit | 3.69M | -7.59M | -8.66M | -10.9M | -6.61M | -4.94M | 19.66M | -2.91M | -1.7M | -5.29M |
| nonOperatingIncomeExcludingInterest | -8.53M | - | 3.54M | 4.99M | 2.56M | 1.39M | -22.94M | 206K | -463K | 4.03M |
| operatingIncome | -4.85M | -7.59M | -5.12M | -5.91M | -4.05M | -3.55M | -3.27M | -2.7M | -2.16M | -1.26M |
| totalOtherIncomeExpensesNet | -1.79M | 690K | -3.54M | -4.99M | -2.56M | -1.39M | 22.94M | -206K | 463K | -4.05M |
| incomeBeforeTax | -6.63M | -6.9M | -8.66M | -10.9M | -6.61M | -4.94M | 19.66M | -2.91M | -1.7M | -5.31M |
| incomeTaxExpense | - | - | - | - | - | - | - | - | - | - |
| netIncomeFromContinuingOperations | -6.63M | -6.9M | -8.66M | -10.9M | -6.61M | -4.94M | 19.66M | -2.91M | -1.7M | -5.31M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | -6.63M | -6.9M | -8.66M | -10.9M | -6.61M | -4.94M | 19.66M | -2.91M | -1.7M | -5.31M |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -6.63M | -6.9M | -8.66M | -10.9M | -6.61M | -4.94M | 19.66M | -2.91M | -1.7M | -5.31M |
| eps | -0.12 | -0.15 | -0.21 | -0.29 | -0.21 | -0.17 | 0.83 | -0.15 | -0.09 | -0.45 |
| date | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 78.28M | 26.86M | 24.3M | 22.34M | 7.55M | 13.28M | 1.24M | 3.82M | 1.82M | 4.42M |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 78.28M | 26.86M | 24.3M | 22.34M | 7.55M | 13.28M | 1.24M | 3.82M | 1.82M | 4.42M |
| netReceivables | 798K | 291.26K | 220K | 111.26K | 96000 | 215.22K | 32170 | 59000 | 417K | 127K |
| accountsReceivables | 798K | - | - | 111.26K | 96000 | 215.22K | 32170 | - | 417K | 127K |
| otherReceivables | - | 291.26K | 220K | - | - | - | - | 59000 | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | 1.49M | 319K | 510.99K | 530K | 1.07M | 1.19M | 2.12M | 2.43M | 2.02M |
| otherCurrentAssets | 3.77M | 105.98K | - | - | - | - | - | - | - | - |
| totalCurrentAssets | 82.85M | 28.75M | 24.84M | 22.97M | 8.17M | 14.57M | 2.46M | 6M | 4.66M | 6.56M |
| propertyPlantEquipmentNet | 798K | 1.16M | 643K | 234.89K | 87000 | 130K | 281.14K | 149.24K | 128K | 257K |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | 152K | 207.49K | 152K | 208.79K | 152K | 219.55K | 212.6K | 88760 | 152K | - |
| goodwillAndIntangibleAssets | 152K | 207.49K | 152K | 208.79K | 152K | 219.55K | 212.6K | 88760 | 152K | - |
| longTermInvestments | - | - | - | - | - | - | - | - | - | - |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | - | -207.49K | - | - | - | - | -212.6K | - | - | - |
| totalNonCurrentAssets | 950K | 1.16M | 795K | 443.68K | 239K | 349.54K | 281.14K | 238K | 280K | 257K |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 83.8M | 29.91M | 25.64M | 23.41M | 8.41M | 14.92M | 2.74M | 6.24M | 4.94M | 6.82M |
| totalPayables | 2.77M | 1.5M | 906K | 524.73K | 679K | 1.2M | 523.11K | 1.24M | 715K | 1.45M |
| accountPayables | 2.77M | 1.5M | 906K | 524.73K | 679K | 1.2M | 523.11K | 1.24M | 715K | 1.45M |
| otherPayables | - | - | - | - | - | - | - | - | - | - |
| accruedExpenses | 818K | 308.5K | 2.89M | 2.32M | 454K | 816.09K | 330.09K | 212K | 490K | 804K |
| shortTermDebt | 51000 | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligationsCurrent | - | 19110 | 19000 | 31593 | 22000 | 30332 | 40562 | 36000 | 44000 | 53000 |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | - | - | - |
| otherCurrentLiabilities | - | 111.93K | - | - | 171K | - | - | - | 84000 | - |
| totalCurrentLiabilities | 3.64M | 1.94M | 3.82M | 2.88M | 1.33M | 2.05M | 893.77K | 1.48M | 1.33M | 2.3M |
| longTermDebt | 21000 | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | 2747 | 8000 | 20221 | 26575 | 25000 | 30000 | 35000 |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | 9.02M | 8.68M | 7.35M | 5.67M | 4.49M | 2.74M | 5.12M | 26.86M | 21.51M | 20.62M |
| totalNonCurrentLiabilities | 9.05M | 8.68M | 7.35M | 5.68M | 4.5M | 2.76M | 5.14M | 26.89M | 21.54M | 20.66M |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | 19110 | 19000 | 34340 | 30000 | 50553 | 67137 | 61000 | 74000 | 88000 |
| totalLiabilities | 12.69M | 10.62M | 11.17M | 8.56M | 5.82M | 4.81M | 6.04M | 28.37M | 22.88M | 22.96M |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | 6.28M | 8.57M | 6.28M | 8.62M | 6.28M | 9.05M | - | - | - | - |
| commonStock | 166.7M | 152.82M | 109.36M | 132.68M | 84.56M | 120M | 109.53M | 76.32M | 74.41M | 72.35M |
| retainedEarnings | -42.58M | -49.05M | -29.04M | -28M | -9.48M | -4.15M | 2.9M | -17.59M | -14.68M | -12.98M |
| additionalPaidInCapital | -59.29M | -93.05M | -72.13M | -98.44M | -78.77M | -114.79M | -115.71M | -80.86M | -77.66M | -75.51M |
| date | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | -6.64M | -9.42M | -8.65M | -14.98M | -6.61M | -7.14M | 27.5M | -2.91M | -1.7M | -5306 |
| depreciationAndAmortization | 111K | 107.84K | 57000 | 70055 | 40000 | 53442 | 43359 | 30000 | 15000 | 22 |
| deferredIncomeTax | - | - | - | - | - | - | - | - | - | - |
| stockBasedCompensation | 161K | 5.78M | 357K | 3.31M | 1.3M | 102.55K | 25176 | 100000 | 10000 | 10 |
| changeInWorkingCapital | -999K | -4.41M | 1.64M | 1.7M | 174K | 1.13M | -1.16M | 828K | -799K | 837 |
| accountsReceivables | -507K | -96919 | -138K | 19230 | 53000 | -181.99K | 50353 | 358K | -290K | 140 |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | 1.67M | 264.82K | 524K | - | -154K | 662.98K | -1.2M | 520K | -733K | - |
| otherWorkingCapital | -2.16M | -4.58M | 1.25M | 1.68M | 275K | 648.54K | -4196.1 | -50000 | 224K | 697 |
| otherNonCashItems | 2.67M | -1.36M | 3.99M | 6.65M | 2.59M | 2.06M | -30.2M | 478K | -77000 | 5017 |
| netCashProvidedByOperatingActivities | -4.7M | -9.31M | -2.61M | -3.25M | -2.5M | -3.79M | -3.79M | -1.48M | -2.55M | 580 |
| investmentsInPropertyPlantAndEquipment | -154K | -191.11K | -534K | -190.94K | -44000 | -131.44K | -9789.5 | - | -51000 | -104 |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | - | - | - | - | - | - | - | - | - | - |
| netCashProvidedByInvestingActivities | -154K | -191.11K | -534K | -190.94K | -44000 | -131.44K | -9790.9 | - | -51000 | -104 |
| netDebtIssuance | - | - | - | - | - | - | - | - | -6.7M | -366 |
| longTermNetDebtIssuance | - | - | - | - | - | - | - | - | -6.7M | -366 |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| netStockIssuance | 40.42M | 3.18M | 10.84M | 11.34M | 7000 | 3.02M | 72612 | 3.95M | - | - |
| netCommonStockIssuance | 40.42M | 3.18M | 10.84M | 11.34M | -6000 | 3.02M | 72612 | 3.95M | - | - |
| commonStockIssuance | 40.42M | 3.18M | 10.84M | 11.34M | -6000 | 3.02M | 72612 | 3.95M | - | - |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | 13000 | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | 23.04M | - | 340K | 4.08M | 893K | 12.91M | -378.93K | -466K | 6.7M | -1573 |
| netCashProvidedByFinancingActivities | 63.46M | 3.18M | 11.18M | 15.42M | 900K | 15.92M | -306.32K | 3.48M | - | -1939 |