Monitor for prototype testing milestones and potential capital raises as the company burns cash through development. The $78.3M cash runway supports operations for >24 months, but no revenue visibility exists. Next catalyst is the full-scale demonstrator testing in early 2027.
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Executive Summary
New Horizon Aircraft reported fiscal Q4 2026 results via press release, but disclosed no revenue, EPS, or income statement figures — only a cash balance of $78.3 million, providing >24 months of liquidity. The company highlighted progress on its full-scale Cavorite X7 prototype, with initial testing targeted for Q1 2027, and partnerships with BETA Technologies, RAMPF, and North Aircraft. As a pre-revenue development-stage aerospace company, this filing is a routine operational update with no quantitative financial performance to evaluate.
Key Facts
- Cash balance of $78.3 million as of May 31, 2026, providing more than 24 months of liquidity.
- Full-scale Cavorite X7 prototype on track for initial testing in Q1 2027.
- Partnerships announced: BETA Technologies for fly-by-wire computers, RAMPF Composite Solutions for fuselage, North Aircraft Industries for wing architecture.
- Headcount expected to grow from 56 to over 100 by summer 2027.
- No revenue, EPS, or other financial results reported in the press release.
Financial Impact
No revenue or earnings disclosed; cash balance of $78.3 million is the only financial figure provided.
Risk Factors
- Pre-revenue development stage with no path to near-term revenue.
- Certification and testing risks for novel eVTOL aircraft.
- Potential need for additional capital beyond current cash runway.
- Dilution risk from future equity offerings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-078500 |
| Document: ea029810101ex99-1.htm | 0001213900-26-078500 |
| Document: 0001213900-26-078500-index-headers.html | 0001213900-26-078500 |
| Document: 0001213900-26-078500-index.html | 0001213900-26-078500 |
| Document: 0001213900-26-078500.txt | 0001213900-26-078500 |
| 8-K Data (Synthetic) | 0001213900-26-078500 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | DEF 14A | $1.27 | awaiting T+20 | — | $1.27 (−0.00%) |
Oct 9, 2026 17d ago | 8-K | $1.55 | awaiting T+20 | — | $1.27 (−18.06%) |
Sep 4, 2026 7w ago | 8-K | $1.66 $1.60 | ▼ −3.61% | ▼ −5.33% | $1.27 (−23.49%) |
Jul 16, 2026 14w ago | 8-K | $1.50 $1.99 | ▲ +32.67% | ▲ +29.05% | $1.27 (−15.33%) |
US Market Status
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