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New Horizon Aircraft HOVR · USD

N/A · US listing · 🇺🇸 United States

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1.40

+10.24%

Close of 9 Nov 2026, in USD

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About New Horizon Aircraft

From its filings with the US Securities and Exchange Commission

SEC filings

New Horizon Aircraft is based in Lindsay, Ontario, Canada and is incorporated in British Columbia, Canada. Its shares trade on Nasdaq under the ticker HOVR. The SEC classifies its business as aircraft. In the fiscal year to 31 December 2023, it reported net income of $8.6m. At that date it held total assets of $122.1m and shareholders' equity of −$6.9m.

Read the filing on SEC.gov ↗

Company facts

Sector
N/A
Industry
N/A
Listed since
10 Feb 2023
Employees
56
Head office
3187 HIGHWAY 35, LINDSAY, A6, K9V 4R1
Incorporated in
A1
Classification
Aircraft
Filer status
<br>Emerging growth company

Leadership

Pay as last reported

  • Mr. Dustin ShindoChairman of the Board
  • Mr. Davin KazamaChief Executive Officer, Director
  • Mr. Gary MiyashiroChief Financial Officer
  • Mr. Kotaro ChibaIndependent Director
  • Ms. Trisha NomuraIndependent Director
  • Dr. Mike SayamaIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Advanced hybrid eVTOL technology with 30% less emissions in operation.
  • Patented HOVR wing system enabling vertical takeoff and conventional flight configuration.
  • 14 redundant lift fans ensuring multiple failure tolerance during hover.

Weaknesses

  • Limited operational range due to current prototype capabilities.
  • Dependence on specific weather conditions for optimal performance.
  • High dependency on regulatory approvals for commercial deployment.

Opportunities

  • Expansion into medical supply delivery for remote areas using Cavorite X7.
  • Growing demand for regional shuttle services in underserved regions.
  • Increased use in post-hurricane rescue operations with reliable flight in icing conditions.

Threats

  • Regulatory hurdles delaying market entry in key regions.
  • Competition from established aerospace firms entering eVTOL market.
  • Economic downturns affecting investment in new aviation technologies.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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