New Horizon Aircraft's Cash Burn Rate Raises Concerns Amid Rising Stock Price

New Horizon Aircraft (NASDAQ:HOVR) has seen its share price rise 109% over the last year, but its strong cash burn rate raises concerns about its financial stability. As of August 2025, the company had CA$16m in cash and no debt, but burned through CA$10m in the last year, giving it a cash runway of approximately 19 months. The skyrocketing cash burn of 129% year on year is unsustainable and poses a risk to the company's balance sheet.