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-K - Q2 2024 - Aug 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 158 %
Debt-to-equity -123 %
Return On Equity 50 %
Return On Assets -5.19 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 18.6M shares
Common Stock, Value, Issued 74.4M CAD +1364%
Weighted Average Number of Shares Outstanding, Basic 11.7M shares +85.5%
Weighted Average Number of Shares Outstanding, Diluted 11.7M shares +85.5%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense 270K USD +95.7%
General and Administrative Expense 989K USD +538%
Operating Income (Loss) -2.8M USD -866%
Nonoperating Income (Expense) -4.05M USD -16963%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -5.31M USD -1872%
Net Income (Loss) Attributable to Parent -4.82M USD
Earnings Per Share, Basic -0.45 USD/shares -1025%
Earnings Per Share, Diluted -0.45 USD/shares -1025%

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 127K USD
Assets, Current 4.66M CAD +1796%
Property, Plant and Equipment, Net 205K CAD +294%
Operating Lease, Right-of-Use Asset 75K CAD -38%
Assets 4.94M CAD +1024%
Accounts Payable, Current 715K CAD +316%
Accrued Liabilities, Current 574K CAD +1096%
Liabilities, Current 1.33M CAD -10.4%
Operating Lease, Liability, Noncurrent 30K CAD -59.5%
Liabilities 22.9M CAD +1154%
Retained Earnings (Accumulated Deficit) -14.7M CAD -125%
Stockholders' Equity Attributable to Parent -17.9M CAD -1195%
Liabilities and Equity 4.94M CAD +1024%

Popular Metrics

Label TTM Value / Value Unit Change %
Common Stock, Shares Authorized 100M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.82M CAD +696%
Deferred Tax Assets, Valuation Allowance 1.86M CAD +148%
Operating Lease, Liability 74K CAD
Depreciation 21K USD +23.5%
Lessee, Operating Lease, Liability, to be Paid 81K CAD
Property, Plant and Equipment, Gross 299K CAD +232%
Operating Lease, Liability, Current 44K CAD -4.35%
Lessee, Operating Lease, Liability, to be Paid, Year Two 24K CAD
Lessee, Operating Lease, Liability, to be Paid, Year One 49K CAD
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7K CAD
Lessee, Operating Lease, Liability, to be Paid, Year Three 8K CAD
Preferred Stock, Shares Authorized 100M shares +9900%
Additional Paid in Capital -75.5M USD
Deferred Tax Assets, Net of Valuation Allowance 20K CAD -37.5%
Share-based Payment Arrangement, Expense 10K USD -37.5%
Interest Expense 15K USD -28.6%