HOVR New Horizon Aircraft Ltd.
AI brief AI-written, not reviewed by a person
Latest filings show New Horizon Aircraft Ltd. reporting a negative stockholders’ equity of -$16,142,000 as of 2024-02-29, and a 12-month net income of $8,614,602, alongside an annual operating loss of $1,666,371 and negative cash flows from operating activities totaling -$2,124,922 for the year ended 2023-12-31. The latest quarterly results include a net income for the 3 months ended 2024-02-29 of -$5,306,000 and an operating loss of -$1,259,000 for that quarter, with total assets at 2024-02-29 of $6,818,000 and total liabilities at that date of $22,960,000. These figures appear across the latest SEC filings (12-months to 2023-12-31 and 3 months to 2024-02-29) and related balance sheet components, with supporting filings including a 10-Q and an 8-K filed on 2026-10-09.
- Net income (year) for 12 months to 2023-12-31: 8,614,602 USD. [1]
- Stockholders' equity at 2024-02-29: -16,142,000 USD. [1]
- Total assets at 2024-02-29: 6,818,000 USD. [1]
- Total liabilities at 2024-02-29: 22,960,000 USD. [1]
- Net income (quarter) for 3 months to 2024-02-29: -5,306,000 USD. [1]
- Operating cash flow (year) for 12 months to 2023-12-31: -2,124,922 USD. [1]
- Operating income (year) for 12 months to 2023-12-31: -1,666,371 USD. [1]
- Total assets at 2023-12-31: 122,083,192 USD (contrast with 2024-02-29 value). [1]
- Total liabilities at 2023-12-31: 7,086,158 USD. [1]
Written by OpenVibe.AI from the SEC numbers and filings on this page, not reviewed by a person. Informational only; not investment advice. Written from figures and filings up to (gpt-5-nano-2025-08-07).
What the sources did not support
- No figures from sources outside the provided SEC filings to corroborate more granular period comparisons (e.g., year-over-year quarterly trend beyond those listed).
- No explicit interpretation of negative equity implications or filing context beyond raw numbers.
Observations
| Metric | Value | Observed | Source | Retrieved | Freshness |
|---|---|---|---|---|---|
| Net income (quarter) (3 months to 2024-02-29) | -5,306,000 USD | sec-companyfacts | current | ||
| Net income (year) (12 months to 2023-12-31) | 8,614,602 USD | sec-companyfacts | current | ||
| Operating income (quarter) (3 months to 2024-02-29) | -1,259,000 USD | sec-companyfacts | current | ||
| Operating income (year) (12 months to 2023-12-31) | -1,666,371 USD | sec-companyfacts | current | ||
| Diluted EPS (quarter) (3 months to 2024-02-29) | -0.45 USD/shares | sec-companyfacts | current | ||
| Operating cash flow (quarter) (3 months to 2023-03-31) | -314,255 USD | sec-companyfacts | current | ||
| Operating cash flow (year) (12 months to 2023-12-31) | -2,124,922 USD | sec-companyfacts | current | ||
| Total assets (at 2024-02-29) | 6,818,000 USD | sec-companyfacts | current | ||
| Total liabilities (at 2024-02-29) | 22,960,000 USD | sec-companyfacts | current | ||
| Stockholders' equity (at 2024-02-29) | -16,142,000 USD | sec-companyfacts | current | ||
| Cash and equivalents (at 2023-12-31) | 16,138 USD | sec-companyfacts | current | ||
| Shares outstanding (at 2026-10-09) | 67,123,941 shares | sec-companyfacts | current |
Context
No reviewed context has been published for HOVR. The observations and documents below are shown as their sources stated them.
Documents
Source freshness
| Source | Freshness | Last successful fetch | Stale after | Sources reports |
|---|---|---|---|---|
| SEC EDGAR: company financial facts (XBRL) sec-companyfacts | current | 10080 min | ok | |
| SEC EDGAR: latest XBRL filings sec-xbrl-filings | current | 45 min | healthy |
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Machine-readable: HOVR.json (the same data with every timestamp and source).
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