Financial insights of HOVRW

MyFinsight

For the quarter ending 2025-11-30.

Income Statement	2025-11-30	2025-08-31	2025-05-31
Research and development	2,608	2,719	915*
General and administrative	2,509	3,190	2,481*
Total operating expenses	5,117	5,909	3,396
Loss from operations	-5,117	-5,909	-3,396*
Other expenses (income)	265	25	-2*
Interest expense (income), net	194	118	31*
Termination of forward purchase agreement	-	-	5,350*
Change in fair value of warrants	3,992	5,137	497*
Change in fair value of forward purchase agreement	-	-	-185*
Total other expenses	-3,533	-4,994	4,696*
Loss before income taxes	-8,650	-10,903	1,300*
Income tax expense	-	-	0*
Net income (loss)	-8,650	-10,903	1,300

Basic EPS	-0.21	-0.29	0.05
Diluted EPS	-0.21	-0.29	0.042
Basic Average Shares	42,081,417	37,135,908	25,844,200
Diluted Average Shares	42,081,417	37,135,908	30,760,145

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.