10-K · July 16, 2026
New Horizon Aircraft Ltd. is in the development phase of its Cavorite X7 hybrid-electric eVTOL aircraft, focusing on gaining regulatory approval and advancing its technical demonstrator to certification. The company…
Earnings analysis · 10-Q
HOVR earnings analysis
Filed October 9, 2026 · Our reading of the company's report
The latest report
The provided 10-Q extract contains no income statement, balance sheet, cash-flow, segment, or quantitative outlook data, so revenue, margins, EPS, free cash flow, and period-over-period trends cannot be assessed from…
Read full summary
The provided 10-Q extract contains no income statement, balance sheet, cash-flow, segment, or quantitative outlook data, so revenue, margins, EPS, free cash flow, and period-over-period trends cannot be assessed from the filing text supplied. The company reported effective disclosure controls and issued 32,124 Class A shares at $1.95 per share for services. Management stated that there were no material changes to the risk factors disclosed in the Annual Report, and no quantitative guidance was provided.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Shares Issued for Services
The company issued 32,124 Class A ordinary shares to third-party service providers on August 6, 2026, at a deemed price of $1.95 per share.
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Disclosure Controls Effective
Management concluded that disclosure controls and procedures were effective as of the end of the reporting period.
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No Insider Trading Plans Changed
No directors or officers adopted or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading agreement during the three months ended August 31, 2026; the reported count was 0.
What to watch
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Equity Issuance and Dilution
The issuance of 32,124 Class A ordinary shares at $1.95 per share for services increases the share count and may dilute existing shareholders.
Management's outlook
The filing provides no quantitative revenue or EPS outlook and does not disclose a change to prior guidance.
Earlier filings 2
10-Q · April 14, 2026
New Horizon Aircraft (HOVR) remains pre-revenue while ramping development spending: cash increased to $19,674 (from $7,547) after equity raises, but operating losses and R&D spending widened. Management says cash on…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.