on Horizon Aircraft (NASDAQ:HOVR)
Horizon Aircraft Reports Strong Progress in Fiscal Q2 2026
Horizon Aircraft, listed on NASDAQ as HOVR, has announced its fiscal second-quarter results for 2026, ending November 30, 2025. Significant strides have been made in developing the hybrid-electric Cavorite X7 VTOL aircraft, with prototype assembly expected in 2026 and tests by early 2027.
The company has bolstered its liquidity with over $24 million, ensuring capital needs are met through 2026. Operational efficiency has also improved, with reduced administrative costs supporting higher R&D investments.
Horizon received a $10.5 million grant under INSAT for its all-weather eVTOL project. The engineering team has doubled in size, with plans for further expansion by the end of 2026.
CEO Brandon Robinson highlighted the momentum gained, while CFO Brian Merker emphasized the strengthened financial position, supporting ongoing technological advancement and aircraft completion.
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