New Horizon Aircraft LTD 10-Q quarterly reports

New Horizon Aircraft Ltd. reports increased R&D spending for its eVTOL prototype, with cash reserves projected to last 12 months, but future funding remains a concern.

New Horizon Aircraft Ltd. reported a significant increase in net loss for the quarter and six months ended November 30, 2025, driven by accelerated research and development for its eVTOL aircraft, while bolstering liquidity through equity sales and grants.

New Horizon Aircraft Ltd. reported a net loss of $10.9 million CAD for the quarter ended August 31, 2025, while significantly increasing its cash position to $16.27 million CAD.

New Horizon Aircraft Ltd. reports a net income of $11.8 million for the nine months ended February 28, 2025, primarily due to a gain from the termination of a forward purchase agreement, while facing going concern uncertainties.

New Horizon Aircraft reports a net income of $16.75 million for the six months ended November 30, 2024, primarily driven by the termination of a Forward Purchase Agreement, while acknowledging substantial doubt about its ability to continue as a going concern without additional capital.

New Horizon Aircraft reported a significant increase in operating expenses and a net loss for the quarter ended August 31, 2024, as it continues to develop its eVTOL technology.

New Horizon Aircraft Ltd. reports increased operating expenses and a net loss for the quarter ended February 29, 2024, as it continues to develop its eVTOL aircraft.