Quarterly ResultApr 14, 2026, 07:06 AM
New Horizon Aircraft Cash & Equivalents Jump to $19.67M in Q1 2026
AI Summary
New Horizon Aircraft Ltd. filed its Form 10-Q for the quarter ended February 28, 2026. The company reported a substantial increase in its cash and cash equivalents, rising to $19.67 million from $7.55 million as of May 31, 2025. Total current assets also saw a significant boost, reaching $21.06 million compared to $8.17 million in the prior period, indicating improved liquidity.
Key Highlights
- Cash and equivalents rose to $19.67M as of Feb 28, 2026.
- Total current assets increased to $21.06M.
- 45.26M Class A ordinary shares outstanding as of April 14, 2026.