$HOVR

New Horizon Aircraft (HOVR) reported Q1 GAAP EPS of -$0.06, beating estimates by $0.03. The company's shares rose 4.5% following the announcement.

New Horizon Aircraft Ltd. (HOVR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Horizon Aircraft Reports Fiscal 2027 First Quarter Results and Advances Full-Scale Cavorite X7 Development TORONTO, October 9, 2026 - New Horizon Aircraft Ltd. (“Horizon Aircraft” or the “Company”) (NASDAQ: HOVR), a Canadian aerospace company developing one of the fi

Horizon Aircraft (NASDAQ:HOVR) reported Q1 2027 results, holding $70M in cash. R&D spending increased to advance the Cavorite X7 program, with testing planned for early 2027. The company has signed letters of intent for over $1B in potential aircraft sales. Management expects current funds to support operations for 24 months.

New Horizon Aircraft Ltd. (HOVR) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair Company to benefit from Hearne’s 30 years of technology leadership, capital markets, and financial oversight experience as it advances the Cavorite X7 program TORONTO, Sept

Horizon Aircraft (NASDAQ: HOVR) appointed Tom Hearne to its Board of Directors and as Audit Committee Chair, replacing Trisha Nomura. Hearne brings 30 years of tech and finance experience. The company is developing a hybrid-electric VTOL aircraft, the Cavorite X7, aiming for certification and commercialization. Hearne's expertise is expected to aid in financial oversight and capital markets navigation.

HOVR announced a strategic partnership with Cloudbeds to integrate HOVR interactive video into Cloudbeds’ hospitality management system. HOVR says the integration will help hotels improve guest engagement, booking conversion, and incremental revenue, with analytics measuring engagement and HOVR-influenced results. The companies did not provide financial figures.

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Horizon Aircraft (NASDAQ:HOVR) reported fiscal 2026 Q4 results for the quarter ended May 31, 2026. The company said it ended with $78.3 million in cash, expects the first full-scale Cavorite X7 prototype to begin initial testing in Q1 2027, and plans to use BETA Technologies flight control computers. It also cited manufacturing partners and rising headcount to over 100 by summer 2027.

Horizon Aircraft (NASDAQ:HOVR) said it selected BETA Technologies (NYSE:BETA) to supply fly-by-wire flight control computers and customized software for its hybrid-electric VTOL Cavorite X7. The systems will be integrated as Horizon advances development, testing, and FAA certification. BETA says its FCC supports FAA Part 21.17(b), Part 23, and Part 25 pathways and related international rules.

Horizon Aircraft (NASDAQ:HOVR) appointed Richard Alexander as Chief Engineer of Certified Programs, according to the company. Alexander, with 38 years’ experience from Bombardier, Vertical Aerospace, and CAE, will support certification and engineering maturation for the hybrid-electric Cavorite X7 eVTOL, working alongside co-founder Brian Robinson. The move targets an operationally ready, certifiable aircraft as Horizon advances commercialization planning.