Horizon Aircraft Ltd. (HOVR) Q1 FY2027 earnings

Reported results

• Cash position: More than $70 million as of August 31, 2026, expected to fund operations for at least 24 months
• Letters of intent: Signed commitments totaling more than US$1 billion in potential aircraft sales, representing up to 200 aircraft purchases and 5 aircraft leases
• Full-scale demonstrator aircraft: Expected to be completed by first quarter of calendar 2027, followed by ground and taxi testing and then flight testing

Guidance

• Full-scale Cavorite X7 demonstrator aircraft expected to be completed by first quarter of calendar 2027
• Initial testing expected to begin in early calendar 2027

Notes

Financial statements prepared in accordance with U.S. GAAP. This press release contains forward-looking statements subject to risks and uncertainties; actual results may differ materially.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-09 (8-K, Item 2.02). Read the original filing on sec.gov.