New Horizon Aircraft Ltd (HOVRW) Q1 2026 Earnings Report

Overview of QQ1 2026 metrics (CAD, unless noted otherwise):
- Revenue: N/A (no revenue disclosed for QQ1 2026)
- EBITDA: CAD -10.852 million
- Operating income: CAD -5.909 million (operating expenses CAD 5.909 million vs. no revenue)
- Net income: CAD -10.903 million
- EPS: CAD -0.29 (diluted)
- R&D expenses: CAD 2.719 million
- General and Administrative expenses: CAD 3.190 million
- SG&A (selling general and administrative): CAD 3.190 million
- Net cash from operating activities: CAD -2.364 million
- Capital expenditures: CAD -0.139 million
- Free cash flow: CAD -2.503 million
- Net cash provided by financing activities: CAD 11.223 million
- Cash and cash equivalents at period end: CAD 16.267 million
- Total assets: CAD 17.043 million
- Total liabilities: CAD 6.230 million
- Total stockholders’ equity: CAD 10.813 million
- Current ratio: 7.97x
- Net debt: CAD -16.242 million (net cash position)
Notes: Revenue and gross profit figures are not disclosed in the QQ1 2026 filing data provided. YoY and QoQ comparisons shown in the KPI overview reflect the provided earnings metrics (Operating income YoY -272.85%, QoQ -66.26%; Net income YoY -775.66%, QoQ -120.57%; EPS YoY -333.48%, QoQ -70.59%).