Horizon Aircraft reports Q1 fiscal 2027 results with $70M cash

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Go back to Horizon Aircraft reports Q1 fiscal 2027 results with $70M cash

Horizon Aircraft Reports Fiscal 2027 First Quarter Results and Advances Full-Scale Cavorite X7 Development

October 9, 2026 7:01 AM EDT

TORONTO, ON / ACCESS Newswire / October 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ: HOVR), a Canadian aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today reported its financial and operational results for the first quarter of fiscal 2027 ended August 31, 2026.

Recent Highlights:

Strong liquidity: More than $70 million in cash as of August 31, 2026, which management expects to be sufficient to fund its current... More