New Horizon Aircraft (New Horizon Aircraft) Gross Profit : $-0.32 Mil (TTM As of May. 2023)

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What is New Horizon Aircraft Gross Profit?

New Horizon Aircraft's gross profit for the six months ended in May. 2023 was $-0.32 Mil. New Horizon Aircraft's gross profit for the trailing twelve months (TTM) ended in May. 2023 was $-0.32 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. New Horizon Aircraft's gross profit for the six months ended in May. 2023 was $-0.32 Mil. New Horizon Aircraft's Revenue for the six months ended in May. 2023 was $0.00 Mil. Therefore, New Horizon Aircraft's Gross Margin % for the quarter that ended in May. 2023 was %.

New Horizon Aircraft had a gross margin of % for the quarter that ended in May. 2023 => No sustainable competitive advantage

New Horizon Aircraft Gross Profit Historical Data

The historical data trend for New Horizon Aircraft's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New Horizon Aircraft Gross Profit Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Gross Profit

-0.48

-0.32

New Horizon Aircraft Semi-Annual Data
	May22	May23
Gross Profit	-0.48	-0.32

Competitive Comparison of New Horizon Aircraft's Gross Profit

For the Aerospace & Defense subindustry, New Horizon Aircraft's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Horizon Aircraft's Gross Profit Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Gross Profit distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Gross Profit falls into.

New Horizon Aircraft Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

New Horizon Aircraft's Gross Profit for the fiscal year that ended in May. 2023 is calculated as

Gross Profit (A: May. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0	-	0.323
	=	-0.32

New Horizon Aircraft's Gross Profit for the quarter that ended in May. 2023 is calculated as

Gross Profit (Q: May. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0	-	0.323
	=	-0.32

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in May. 2023 was $-0.32 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

New Horizon Aircraft's Gross Margin % for the quarter that ended in May. 2023 is calculated as

Gross Margin % (Q: May. 2023 )	=	Gross Profit (Q: May. 2023 )	/	Revenue (Q: May. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	-0.32	/	0
	=	%

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

New Horizon Aircraft (NAS:HOVR) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

New Horizon Aircraft had a gross margin of % for the quarter that ended in May. 2023 => No sustainable competitive advantage

New Horizon Aircraft Gross Profit Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

3187 Highway 35, Lindsay, ON, CAN, K9V 4R1

Website

New Horizon Aircraft Ltd is an advanced aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its unique aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.

New Horizon Aircraft (New Horizon Aircraft) Headlines

From GuruFocus

Horizon Aircraft Provides Corporate Update

By Marketwired • 04-16-2024