Red Cat Holdings Sets Q4 Revenue GuidanceOf $7M (Est $7M) And Continued Double Digit Sequential Growth Into FY25
Portfolio Pulse from Benzinga Newsdesk
Red Cat Holdings has announced its Q4 revenue guidance at $7M, aligning with estimates, and anticipates continued double-digit sequential growth into FY25.
March 18, 2024 | 9:58 pm
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Red Cat Holdings has set its Q4 revenue guidance at $7M, which matches the estimates, and expects to maintain double-digit sequential growth into FY25.
Meeting revenue estimates typically stabilizes investor confidence, while the projection of continued double-digit growth into FY25 suggests a positive outlook for the company's future performance. This combination is likely to have a positive impact on RCAT's stock price in the short term.
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