New Horizon Aircraft Focuses on X7 Demonstrator Production and Development
HOVR New Horizon Aircraft Ltd
$1.55 +1.31%
View chart & analysis → - 1New Horizon Aircraft is focusing on the production of the Cavorite X7 Demonstrator based on a proven design.
- 2R&D expenses reached $7.4 million, up from $2.7 million a year ago.
- 3Ending cash holdings exceed $70 million, providing sufficient liquidity for 24 months of operations.
So what's the key point?
New Horizon Aircraft is putting its efforts into creating a new aircraft model. While research costs have increased to $7.4 million, the company has enough money to continue its operations.
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