hovr: the income statement

MyFinsight

New Horizon Aircraft Ltd. (HOVR)

For the year ending 2025-05-31, HOVR made $21,523K in revenue. $5,200K in net income. Net profit margin of 24.16%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-05-31
Income tax expense	-
Research and development	3,660
General and administrative	9,925
Total operating expenses	13,585
Loss from operations	-13,585
Other expenses (income)	-10
Interest (income) expense, net	123
Termination of forward purchase agreement	21,400
Change in fair value of warrants	1,988
Change in fair value of forward purchase agreement	-740
Total other (income) expenses	18,785
Income (loss) before income taxes	5,200
Net income (loss)	5,200

Basic (in dollars per share)	0.2
Basic (in shares)	25,844,200
Diluted (in dollars per share)	0.17
Diluted (in shares)	30,760,145

Unit: Thousand (K) dollars (except for numbers of shares and EPS)