Red Cat Holdings Q4 2024 GAAP EPS $(0.09) Misses $(0.05) Estimate, Sales $6.309M Miss $6.643M Estimate
Portfolio Pulse from Benzinga Newsdesk
Red Cat Holdings (NASDAQ:RCAT) reported Q4 2024 GAAP EPS of $(0.09), missing the $(0.05) estimate by 80%. Sales were $6.309M, missing the $6.643M estimate by 5.02%, but up 186.12% from $2.205M last year.
August 08, 2024 | 9:09 pm
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Red Cat Holdings reported a significant miss on both EPS and sales estimates for Q4 2024. The EPS of $(0.09) missed the $(0.05) estimate by 80%, and sales of $6.309M missed the $6.643M estimate by 5.02%. Despite the misses, sales increased by 186.12% YoY.
The significant miss on both EPS and sales estimates is likely to negatively impact investor sentiment in the short term. However, the substantial YoY sales growth may provide some long-term optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100