What does gain loss on contract termination mean?

Reflects the financial impact of exiting or settling contractual agreements before their original expiration date. This is a non-recurring item that can significantly distort short-term earnings and requires careful analysis of the underlying business strategy.

New Horizon Aircraft HOVR Gain Loss On Contract Termination

Gain Loss On Contract Termination at other companies

EMP

Empery Digital Inc. Common stockEMPD

-$18.14K—

Mama's Creations, Inc.MAMA

$0-100%

New Horizon AircraftHOVR

$21.4M—

Centrus EnergyLEU

$0—

Gen Digital Inc.GEN

$0+100%

TPC

TechprecisionTPCS

$216K—

Other financials

Income statement

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Operating income-$7.6M-114%

Net income-$6.9M-39.6%

EPS (diluted)-$0.16+5.9%

Balance sheet

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Cash & equivalents$19.7M+114%

Total debt$89.0K+154%

Total equity$14.1M+102%

Total assets$21.9M+112%

Cash flow

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Operating cash flow-$6.8M-160%

CapEx$140.0K+53.8%

Free cash flow-$7.0M-156%

Valuation

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Market cap$119.82M+153%

Enterprise value$100.24M+151%

Returns & leverage

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Return on equity-297.2%—

Debt / equity0×0.0×

Current ratio14.8×+7.7×

Where this comes from

Reported directly by New Horizon Aircraft in its filing.

Tagged under the XBRL concept us-gaap:GainLossOnContractTermination.

The official record: New Horizon Aircraft’s 10-Q, filed January 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Horizon Aircraft's gain loss on contract termination?: New Horizon Aircraft (HOVR) reported gain loss on contract termination of $21.4M in Q3 2024.
What does gain loss on contract termination mean?: Reflects the financial impact of exiting or settling contractual agreements before their original expiration date. This is a non-recurring item that can significantly distort short-term earnings and requires careful analysis of the underlying business strategy.