For the quarter ending 2025-11-30, HOVRW made $5,576K in revenue. -$8,650K in net income. Net profit margin of -155.13%.
| 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 (in dollars per share) | -0.21 | -0.29 | 0.05 | |
| Basic (in shares) | 42,081,417 | 37,135,908 | 6,461,050 | |
| Diluted (in dollars per share) | -0.21 | -0.29 | 0.043 | |
| Diluted (in shares) | 42,081,417 | 37,135,908 | 7,690,036.25 | |
New Horizon Aircraft Ltd. (HOVRW)
New Horizon Aircraft Ltd. (HOVRW)