New Horizon Aircraft Ltd. reported fiscal year 2026 results detailing substantial development progress on its Cavorite X7, a hybrid-electric 7-seat eVTOL designed for Regional Air Mobility. The company is building a full-scale demonstrator following positive prototype testing and is targeting Transport Canada certification, including for flight into known icing conditions—a significant operational differentiator. While committed to scaling production capabilities and technology commercialization, the firm continues to incur operating losses as it invests heavily in R&D, manufacturing readiness, and market preparation amid a competitive and evolving advanced air mobility landscape.