What does gain loss on contract termination mean?

Non-recurring income or expense recognized upon the early cancellation or modification of significant business contracts. It reflects the financial impact of settling contractual obligations or forfeiting future rights under existing agreements.

New Horizon Aircraft HOVR Gain Loss On Contract Termination

Gain Loss On Contract Termination at other companies

UnisysUIS

-$800K-300%

Kulicke & Soffa IndustriesKLIC

$0—

AMC Networks Inc.AMCX

$3.4M—

Virtu FinancialVIRT

$16K+260%

TMC the metals company Inc.TMC

-$49.75K—

New Horizon AircraftHOVR

$21.4M—

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?: Non-recurring income or expense recognized upon the early cancellation or modification of significant business contracts. It reflects the financial impact of settling contractual obligations or forfeiting future rights under existing agreements.