New Horizon Aircraft Reports Strong Fiscal Year-End with Record Cash Reserves
New Horizon Aircraft ended fiscal 2026 with CAD 78.3 million in cash, the strongest balance sheet in its history, and raised over CAD 88 million through equity offerings and grants during the year. The company is transitioning from validation to full-scale production of its Cavorite X7 hybrid electric aircraft.
Topics: balance_sheet certification_process funding product_development