New Horizon Aircraft (HOVR)
Develops a hybrid-electric aircraft for regional vertical and conventional-runway operations.
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Develops the Cavorite X7, a hybrid-electric eVTOL aircraft intended for commercial, government, defense, and leasing customers. The pre-certification program combines vertical operations with wing-borne flight and follows an asset-light manufacturing strategy.
Develops the Cavorite X7, a hybrid-electric eVTOL aircraft intended for regional-air-mobility networks. The company plans to market the aircraft to commercial operators, lessors, government agencies, and defense organizations.
Its design is intended to combine vertical takeoff and landing with wing-borne flight for most of a mission. Engineering operations are centered in Canada, while the stated customer set spans commercial and government uses.
The X7 remains in prototype development; the company has not established a certified commercial aircraft service. Its stated asset-light manufacturing approach relies on strategic partners, and Cavorite X7 development and buildout are funded through corporate financing.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $78.3M · Total debt $72.0K · Total assets $83.8M · Shareholders' equity $71.1M
- Revenue
- $0
- Operating income
- −$3.5M
- Net income
- −$4.8M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions28 holders · as of Mar 31, 2026 | 2.54% | 1.70M shares | |
| Insiders9 holders · as of Aug 6, 2026 | 7.16% | 4.79M shares | |
| Strategic holders1 holder · as of Sep 18, 2024 | 1.83% | 1.23M shares | |
| Otherremainder | 88.47% | 59.12M shares |
66.83M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Canso Investment Counsel Ltd.Institution | 19.94% | 13.32M | 13Gfiled Jan 29, 2026 ↗ |
Alyeska Investment Group, L.P.Institution | 6.21% | 4.15M | 13Gfiled Aug 14, 2026 ↗ |
Eric Brandon RobinsonInsiderdirector, officer: Chief Executive Officer | 3.00% | 2.01M | Form 4filed Jul 15, 2026 ↗ |
Dustin M. Shindo1Insiderother: Former 10% Owner | 1.96% | 1.31M | Form 4filed Feb 28, 2025 ↗ |
Mehana Capital LLCStrategicother: Former 10% Owner | 1.83% | 1.23M | Form 4filed Sep 18, 2024 ↗ |
| See all 25 → | |||
- Reported at 4.10% on May 28, 2026, under the 5% line, so no further filing is required.
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 15, 2025 | Eric Brandon Robinson | director, officer: Chief Executive Officer | −100,000 | $3.42 |
| Oct 14, 2025 | Eric Brandon Robinson | director, officer: Chief Executive Officer | −140,000 | $3.84 |
| Oct 15, 2025 | Brian Frederick Merker | officer: Chief Executive Officer | −46,000 | $4.00 |
| Oct 14, 2025 | Stewart Murray Lee | officer: Head of People and Strategy | −100,000 | $3.72 |
| Sep 24, 2025 | Eric Brandon Robinson | director, officer: Chief Executive Officer | −90,000 | $2.24 |
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| New Horizon Aircraft | $1.65 | −0.30% | $110.9M | — | — | — | — |
| Vertical Aerospace | $0.5886 | +0.65% | $74.5M | — | — | — | — |
| BETA Technologies | $20.56 | +0.64% | $4.54B | — | — | 101.2 | — |
| Joby Aviation | $6.89 | +0.95% | $6.71B | — | — | 57.7 | +257,493.3% |
| Archer Aviation | $5.70 | +0.62% | $4.29B | — | — | 622.0 | — |
| Eve | $2.21 | −0.18% | $769.8M | — | — | — | — |
| Median | — | — | 101.2 | +257,493.3% |