Red Cat Reports Q1 FY24 Revenue Of $1.75M Versus Consensus Of $3.9M, Entirely From The Company's Enterprise Division And Specifically From Its Teal Drones Subsidiary
Portfolio Pulse from Benzinga Newsdesk
Red Cat Holdings Inc. reported Q1 FY24 revenue of $1.75 million, which was entirely generated from its enterprise division, specifically from its Teal Drones subsidiary.
September 11, 2023 | 11:43 am
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Red Cat's Q1 FY24 revenue of $1.75 million, generated entirely from its enterprise division and Teal Drones subsidiary, may indicate a strong performance in this division.
The fact that Red Cat's entire Q1 FY24 revenue came from its enterprise division, specifically its Teal Drones subsidiary, suggests that this division is performing well. This could potentially attract investors, driving up the stock price in the short term.
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