What is New Horizon Aircraft's stock issuance proceeds?

New Horizon Aircraft (HOVR) reported stock issuance proceeds of $3.95M in Q2 2024.

What does stock issuance proceeds mean?

Represents the total cash inflows received from the sale of common equity shares to investors. This metric indicates the company's ability to raise capital through equity markets to fund operations or growth initiatives.

New Horizon Aircraft HOVR Stock Issuance Proceeds

Stock Issuance Proceeds at other companies

Archer AviationACHR

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VSE CorporationVSEC

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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:ProceedsFromIssuanceOfCommonStock.

The official record: New Horizon Aircraft’s 10-Q, filed October 10, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Horizon Aircraft's stock issuance proceeds?: New Horizon Aircraft (HOVR) reported stock issuance proceeds of $3.95M in Q2 2024.
What does stock issuance proceeds mean?: Represents the total cash inflows received from the sale of common equity shares to investors. This metric indicates the company's ability to raise capital through equity markets to fund operations or growth initiatives.