Horizon Aircraft Reports Fiscal 2027 First Quarter Results and Advances Full-Scale Cavorite X7 Development
Horizon Aircraft reported fiscal Q1 2027 results with no revenue disclosed, consistent with its pre-commercial stage, and highlighted more than $70 million in cash as of August 31, 2026, expected to fund operations for at least 24 months. The Cavorite X7 full-scale demonstrator remains on track for completion by the end of Q1 calendar 2027, followed by ground, taxi, and flight testing, with ongoing meetings with Transport Canada supporting the certification path.
Key figures
- Loi pipeline
- US$1 billion
- Cash position
- $70 million
- Runway months
- 24
- Potential aircraft leases
- 5
- Potential aircraft purchases
- 200
AI analysis
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