New Horizon Aircraft Ltd (HOVR) Stock Score, Valuation & Financial Research

New Horizon Aircraft Ltd is in the Industrials sector and Aerospace & Defense industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for HOVR

New Horizon Aircraft Ltd does not currently have a complete Wall Street Score. The stored market price is USD 1.55. These figures are a research snapshot, not a buy or sell recommendation.

What New Horizon Aircraft Ltd does

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.

Company business and revenue

Research reporting period: 2026-05-31. A research update is not a new financial filing.

How the company makes money

The company's business model is predicated on the future design, development, and sale of the Cavorite X7 hybrid-electric VTOL aircraft for civilian and military use. Additionally, the company intends to generate profit by licensing its proprietary fan-in-wing intellectual property to third parties.

Products and services

  • The company is developing the Cavorite X7, a hybrid-electric 7-seat vertical takeoff and landing aircraft that utilizes patented fan-in-wing technology to transition between vertical flight and efficient wing-borne flight.

Brands and product families

  • Cavorite X7 — The primary hybrid-electric VTOL aircraft model under development. Source

Customer types

Regional aircraft operators; Emergency service providers; Military customers.

Suppliers, materials and equipment

  • Composite structure manufacturers — The company relies on third-party manufacturing partners for aircraft components; specific supplier companies are unnamed beyond strategic partners. Source

Business relationships and partnerships

  • RAMPF Composite Solutions — Strategic manufacturing partnership for the development of the main fuselage and empennage structures of the Cavorite X7. Source
  • North Aircraft Industries — Strategic manufacturing partnership for the development of the Cavorite X7 aircraft. Source

Business strengths to evaluate

  • Patented fan-in-wing technology Source

Business risks and research considerations

  • Development and certification risks for new aircraft Source

Sources: Company research source

Company research refreshed 2026-10-12. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

HOVR financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:
Not currently available
Stored price:
USD 1.55
Market capitalization:
103.58M (currency not supplied)
Revenue:
USD 0.00
Net income:
USD -18.46M
Free cash flow:
USD -16.92M
Cash:
USD 49.15M
Total debt:
USD 37.18K
EPS:
USD -0.41

What stands out

  • Free cash flow is USD -16.92M, negative for the stored period.
  • The balance sheet shows USD 49.15M of cash versus USD 37.18K of total debt, an excess of cash over debt on these two reported measures.
  • The current research record carries a fundamental change risk warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

  • Cash exceeds debt by USD 49.12M using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for HOVR

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

  • How long can HOVR fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • How is HOVR likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
  • What specifically needs to improve for HOVR to reach sustainable profitability?
  • What does the current fundamental change risk warning mean for the reliability or interpretation of HOVR's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-10.

Research-input completeness: 73% of the scoring inputs required for this public page are currently available.

How to research HOVR

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

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Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.