New Horizon Aircraft Ltd. financial data

Symbol
HOVR, HOVRW on Nasdaq
Industry
Aircraft
Location
3187 Highway 35, Lindsay, Ontario, Canada
State of incorporation
British Columbia, Canada
Fiscal year end
May 31
Former names
Pono Capital Three, Inc. (to 1/16/2024)
Latest financial report
10-Q - Q1 2025 - Apr 14, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 462 %
Debt-to-equity -166 %
Return On Equity -114 %
Return On Assets 172 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 31.4M shares +72.3%
Entity Public Float 122M USD
Common Stock, Value, Issued 78.3M CAD
Weighted Average Number of Shares Outstanding, Basic 29.5M shares +152%
Weighted Average Number of Shares Outstanding, Diluted 29.5M shares +152%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense 1.41M CAD +64.1%
General and Administrative Expense 10.3M CAD +215%
Operating Income (Loss) -11.7M CAD -182%
Nonoperating Income (Expense) 21.8M CAD +65.7%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 10.1M CAD +6.84%
Income Tax Expense (Benefit) 757K USD
Net Income (Loss) Attributable to Parent 10.1M CAD +6.84%
Earnings Per Share, Basic 0.43 CAD/shares +62.2%
Earnings Per Share, Diluted 0.4 CAD/shares +62.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.82M CAD +696%
Accounts Receivable, after Allowance for Credit Loss, Current 149K CAD
Assets, Current 10.1M CAD
Property, Plant and Equipment, Net 205K CAD
Operating Lease, Right-of-Use Asset 37K CAD
Assets 10.3M CAD
Accounts Payable, Current 832K CAD
Accrued Liabilities, Current 565K CAD
Liabilities, Current 1.42M CAD
Operating Lease, Liability, Noncurrent 14K CAD
Liabilities 3.33M CAD
Retained Earnings (Accumulated Deficit) -2.87M CAD
Stockholders' Equity Attributable to Parent 7M CAD
Liabilities and Equity 10.3M CAD

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.48M CAD -264%
Net Cash Provided by (Used in) Financing Activities 3.48M CAD +1072%
Net Cash Provided by (Used in) Investing Activities -16K CAD
Common Stock, Shares Authorized 100M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 433K USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 9.2M CAD +108%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1K CAD
Deferred Tax Assets, Valuation Allowance 1.86M CAD +148%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 185K USD +811%
Operating Lease, Liability 62K USD
Depreciation 121K CAD +76.2%
Payments to Acquire Property, Plant, and Equipment 16K CAD
Lessee, Operating Lease, Liability, to be Paid 69K USD
Property, Plant and Equipment, Gross 397K CAD
Operating Lease, Liability, Current 21K CAD
Lessee, Operating Lease, Liability, to be Paid, Year Two 8K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 24K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 8K CAD
Preferred Stock, Shares Issued 4.5K shares
Preferred Stock, Shares Authorized 100M shares +9900%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital -75.5M USD
Preferred Stock, Shares Outstanding 4.5K shares
Deferred Tax Assets, Net of Valuation Allowance 20K CAD -37.5%
Share-based Payment Arrangement, Expense 71K CAD +610%
Interest Expense 15K USD -28.6%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%