Professional
Added to YB: 2026-01-23
Pitch date: 2026-01-16
HOVR [neutral]
New Horizon Aircraft Ltd.
-10.19%
current return
Author Info
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Company Info
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, engages in designing and building hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States.
Market Cap
$161.2M
Pitch Price
$2.06
Price Target
5.50 (+192%)
Dividend
N/A
EV/EBITDA
-3.87
P/E
-3.13
EV/Sales
N/A
Sector
Aerospace and Defense
Category
growth
New Horizon Aircraft Ltd. Earnings Update 2QF26
HOVR (update): Pre-revenue eVTOL co w/ hybrid approach. 2QF26 opex $5.1M vs $7.5M est. Raised $19M from shelf at avg $2.81/share + $3.3M warrant exercises; $24M cash provides runway. Opex expected 2x next 12mo. $2M grant from INSAT program. Hybrid solutions gaining momentum in eVTOL space. Price target $5.50.
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