New Horizon Aircraft is trading at $1.58 (+5.67%) after its fiscal 2026 fourth-quarter update highlighted a robust cash position and progress on its development roadmap.
- The company reported $78.3 million in cash, providing over 24 months of liquidity to fund ongoing operations.
- Management reaffirmed that the first full-scale Cavorite X7 prototype remains on track for initial testing in Q1 2027.
- The positive update supported investor sentiment, allowing the stock to gain ground despite a broader selloff in the technology sector.