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-Q - Q3 2024 - Oct 10, 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 24.6M shares
Entity Public Float 122M USD
Common Stock, Value, Issued 76.3M CAD
Weighted Average Number of Shares Outstanding, Basic 19.2M shares +279%
Weighted Average Number of Shares Outstanding, Diluted 19.2M shares +279%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense 297K CAD +105%
General and Administrative Expense 2.41M CAD +925%
Operating Income (Loss) -2.71M CAD -612%
Nonoperating Income (Expense) -206K CAD -472%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -2.91M CAD -600%
Income Tax Expense (Benefit) 757K USD
Net Income (Loss) Attributable to Parent -2.91M CAD -600%
Earnings Per Share, Basic -0.15 CAD/shares -87.5%
Earnings Per Share, Diluted -0.15 CAD/shares -87.5%

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 59K CAD
Assets, Current 6M CAD
Property, Plant and Equipment, Net 175K CAD
Operating Lease, Right-of-Use Asset 63K CAD
Assets 6.24M CAD
Accounts Payable, Current 1.24M CAD
Accrued Liabilities, Current 212K CAD
Liabilities, Current 1.48M CAD
Operating Lease, Liability, Noncurrent 25K CAD
Liabilities 28.4M CAD
Retained Earnings (Accumulated Deficit) -17.6M CAD
Stockholders' Equity Attributable to Parent -22.1M CAD -1138%
Liabilities and Equity 6.24M CAD

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.48M CAD -264%
Net Cash Provided by (Used in) Financing Activities 3.48M CAD +1072%
Net Cash Provided by (Used in) Investing Activities -16K CAD
Common Stock, Shares Authorized 100M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 433K USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3.82M CAD +3575%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1K CAD
Deferred Tax Assets, Valuation Allowance 1.86M CAD +148%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 185K USD +811%
Operating Lease, Liability 62K USD
Depreciation 30K CAD +400%
Payments to Acquire Property, Plant, and Equipment 16K CAD
Lessee, Operating Lease, Liability, to be Paid 69K USD
Property, Plant and Equipment, Gross 299K CAD
Operating Lease, Liability, Current 36K CAD
Lessee, Operating Lease, Liability, to be Paid, Year Two 8K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 24K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 8K CAD
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 100M shares +9900%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital -75.5M USD
Preferred Stock, Shares Outstanding 0 shares
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%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%