New Horizon Aircraft Reports GAAP EPS of -$0.77, Misses Estimates
New Horizon Aircraft (HOVR) reported a fiscal year GAAP earnings per share (EPS) loss of $0.77, missing estimates by $0.15. Despite the miss, the company strengthened its balance sheet with $78.3 million in cash, providing over 24 months of liquidity to support aircraft assembly and certification efforts.
Topics: balance sheet earnings liquidity