Horizon Aircraft Reports Fiscal 2026 Fourth Quarter Results, Strengthens Balance Sheet to $78.3 Million, and Advances Full-Scale Cavorite X7 Development
Horizon Aircraft reported fiscal 2026 fourth quarter results, highlighting a strengthened balance sheet with $78.3 million in cash. This liquidity position provides more than 24 months of runway to complete the full-scale demonstrator aircraft assembly and advance certification efforts. The company confirmed that the first full-scale prototype of the Cavorite X7 remains on track to begin initial testing in the first quarter of calendar 2027. Strategic manufacturing partnerships were established with BETA Technologies for flight controls, RAMPF Composite Solutions for fuselage structures, and North Aircraft Industries for wing architecture.
Key figures
- Cash balance
- $78.3 million
- Current headcount
- 56
- Target headcount 2027
- >100
- Liquidity runway months
- >24
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