Explore 130+ historical metrics & ratios
Compare equities side by side
Stocks breaking to new annual highs
S&P 500 oversold value screener
Relative strength momentum leaders
Upcoming earnings dates & reports
Filter and sort all 500 stocks
Today's biggest gainers and losers
Visual sector performance
New Horizon Aircraft is a pre-revenue aerospace development company focused on hybrid electric vertical takeoff and landing (eVTOL) aircraft technology. The company is developing the Cavorite X7 prototype, a regional air mobility aircraft designed to combine VTOL capability with conventional flight efficiency for distances up to 500 miles. With zero revenue, negative operating cash flow of approximately $4M TTM, and a current ratio of 14.81, HOVR is a speculative development-stage investment burning cash to achieve certification and commercialization milestones.
HOVR is pre-commercial with no current revenue generation. The intended business model involves designing, certifying, and manufacturing hybrid eVTOL aircraft for sale to regional air mobility operators, cargo carriers, and potentially defense customers. Competitive differentiation centers on hybrid propulsion enabling longer range (500 miles vs 50-150 miles for battery-only eVTOL) and the ability to transition from vertical to horizontal flight for fuel efficiency. Monetization depends entirely on achieving FAA/EASA certification (estimated 2027-2029 timeline for eVTOL industry), securing production capital, and demonstrating commercial viability against established aerospace manufacturers entering the eVTOL market.
Prototype flight test milestones and technical validation of Cavorite X7 performance specifications (range, payload, transition capability)
Regulatory progress toward FAA Part 23 or Part 27 certification pathway clarity and timeline updates
Capital raises, dilution events, and cash runway extensions given negative $4M annual operating cash flow
Strategic partnerships or pre-orders from regional airlines, cargo operators, or defense agencies validating commercial demand
Competitive developments in eVTOL sector including Joby, Archer, Lilium certification progress or failures
Certification risk: FAA/EASA eVTOL certification pathways remain undefined with no hybrid eVTOL aircraft yet certified globally. Regulatory delays, additional safety requirements, or certification failure would eliminate commercial pathway and company value.
Technology obsolescence: Battery energy density improvements could render hybrid architecture unnecessary, while established aerospace OEMs (Boeing, Airbus, Embraer) entering eVTOL market with superior capital and certification experience threaten competitive position.
Infrastructure dependency: eVTOL commercial viability requires vertiport infrastructure, air traffic management systems, and pilot training programs that remain undeveloped, creating adoption barriers beyond HOVR's control.
Well-capitalized competitors including Joby Aviation ($1.6B+ raised), Archer Aviation (United Airlines partnership), and Lilium (European certification focus) have larger engineering teams, more flight test data, and earlier certification timelines.
Established aerospace manufacturers (Embraer with Eve Air Mobility, Boeing with Wisk Aero) possess certification expertise, manufacturing scale, and customer relationships that HOVR lacks as a startup.
Cash burn sustainability: With negative $4M operating cash flow and pre-revenue status, company requires continuous capital raises. Current ratio of 14.81 suggests adequate near-term liquidity, but path to certification likely requires $50M+ additional capital, creating severe dilution risk.
Going concern risk: ROE of -315% and ROA of -152% reflect asset base consumption. Without revenue generation timeline visibility, company faces potential inability to raise capital at non-distressed valuations if investor sentiment toward eVTOL sector deteriorates.
moderate - As a pre-revenue development company, HOVR is insulated from near-term GDP fluctuations but sensitive to risk appetite for speculative growth investments. Economic downturns reduce venture capital availability and investor appetite for cash-burning aerospace startups. Future commercial viability (post-2027) would be highly cyclical, as regional air mobility adoption depends on corporate travel budgets, tourism activity, and discretionary transportation spending which correlate with GDP growth.
High sensitivity to interest rates through multiple channels: (1) Valuation multiple compression as rising rates increase discount rates applied to distant future cash flows for pre-revenue companies, (2) Increased cost of capital for future debt financing of manufacturing facilities and working capital, (3) Reduced venture capital and SPAC funding availability in higher rate environments, forcing more dilutive equity raises. Current 14.81x current ratio provides liquidity buffer, but sustained high rates threaten funding access at reasonable valuations.
Minimal direct credit exposure given zero debt-to-equity ratio and pre-revenue status. However, credit market conditions indirectly affect ability to secure project financing for future manufacturing scale-up and customer financing arrangements for aircraft deliveries. Tighter credit conditions could impair future customers' ability to finance aircraft purchases.
growth - Highly speculative, venture-capital-style equity investors willing to accept 100% loss probability in exchange for potential 10-50x return if eVTOL market materializes. Attracts momentum traders during prototype milestone announcements and thematic investors focused on urban air mobility and electrification trends. Inappropriate for value or income investors given negative earnings, zero revenue, and no dividend. 259% one-year return reflects speculative momentum rather than fundamental value creation.
high - Stock exhibits extreme volatility typical of pre-revenue aerospace development companies. 3-month return of -8.2% and 6-month return of -18.2% following 259% one-year gain demonstrates boom-bust pattern driven by binary technical milestones, funding announcements, and sector sentiment shifts. Implied volatility likely exceeds 80-100% annualized. Micro-cap status ($0.1B market cap) amplifies liquidity-driven price swings.