Revenue: As of FY2026 Q1, the actual value is CAD 0.EPS: As of FY2026 Q1, the actual value is CAD -0.29.EBIT: As of FY2026 Q1, the actual value is CAD -6.027 M.<h3>Segment Revenue</h3><ul><li>The company operates as a single segment and has not generated revenue as it is in the pre-revenue stage, focusing on the design, development, and certification of its eVTOL aircraft.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: The net loss for the three months ended August 31, 2025, was $10,903, compared to a net loss of $2,911 for the same period in 2024, indicating an increase in losses by $7,992.</li><li>Operating Expenses: Total operating expenses increased to $5,909 for the quarter ended August 31, 2025, from $2,705 for the same period in 2024, primarily due to increased research and development expenses and general and administrative costs.</li><li>Research and Development Expenses: Increased significantly to $2,719 from $297, driven by additional labor and engineering costs.</li><li>General and Administrative Expenses: Increased to $3,190 from $2,408, mainly due to increased stock-based compensation.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: Increased to $2,364 for the three months ended August 31, 2025, from $1,475 for the same period in 2024, due to increased operating costs.</li><li>Net Cash Used in Investing Activities: $139 was used for capital expenditures during the three months ended August 31, 2025, compared to $nil in the same period in 2024.</li><li>Net Cash Provided by Financing Activities: Increased significantly to $11,223 from $3,481, primarily due to proceeds from the issuance of Class A ordinary shares and warrant exercises.</li></ul><h3>Unique Metrics</h3><ul><li>Warrant Exercises: 2,900,000 warrants were exercised, resulting in proceeds of $2,970 during the three months ended August 31, 2025.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focused on advancing the development of its eVTOL aircraft, with plans to commence flight testing of a full-scale demonstrator aircraft in 2027. The company aims to sell its Cavorite X7 aircraft to various sectors, including military and civilian markets, and intends to license its technology to other manufacturers.</li><li>Non-Core Business: The company is exploring government grants and subsidies, such as the INSAT fund, to support its development activities. It has submitted a proposal for a project size of $10.5 million, with potential reimbursement of up to 40% of project costs.</li><li>Priority: The company emphasizes the need for additional capital to support its ongoing operations and achieve its business plans, highlighting the importance of securing financing to continue its development and certification programs.</li></ul>

NEW HORIZON AIRCRAFT LTD C/WTS 14/02/2028 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: CAD 0