Red Cat Sees Q2 2024 Revenue ~$3.9M Vs $5M Est
Portfolio Pulse from Benzinga Newsdesk
Red Cat Holdings Inc. (RCAT) has reported its Q2 2024 revenue to be approximately $3.9 million, which is lower than the estimated $5 million.
November 07, 2023 | 7:35 pm
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NEGATIVE IMPACT
Red Cat's Q2 2024 revenue of $3.9M is lower than the estimated $5M, indicating a potential negative impact on its stock price.
Red Cat's reported revenue is lower than the estimated revenue. This underperformance could lead to a decrease in investor confidence and potentially a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100