Horizon Aircraft reports Q3 FY2026; cash $20M, Cavorite X7 prototype on track

New Horizon Aircraft Ltd.

2026-Q3 EPS reported -$0.64

Cash position of $20M expected to fund development through fiscal 2027.
Full-scale Cavorite X7 assembly targeted by end of 2026; flight tests in early 2027.
Manufacturing partnerships with RAMPF Composite Solutions (fuselage) and North Aircraft Industries (wings).
Collaboration with MHIRJ, a Mitsubishi Heavy subsidiary, to accelerate Cavorite X7 production.
Validated projected operating cost of $0.97 per available seat mile vs legacy helicopters.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.