Red Cat Holdings Sees Guidance Of $50M-$55M For Calendar Year 2025 Exclusive Of Government Or NATO Programs Of Record
Portfolio Pulse from Benzinga Newsdesk
Red Cat Holdings reports strong financial performance with a 59% year-over-year revenue growth in Q1 2025 and a record backlog of $13 million. The company provides guidance of $50-$55 million for calendar year 2025, excluding government or NATO programs. The acquisition of FlightWave Aerospace System and the integration of Edge 130 Blue are expected to open new revenue streams.
September 23, 2024 | 8:05 pm
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Red Cat Holdings reports a 59% year-over-year revenue growth in Q1 2025 and a record backlog of $13 million. The company has set a guidance of $50-$55 million for calendar year 2025, excluding government or NATO programs. The recent acquisition of FlightWave Aerospace System is expected to enhance revenue streams.
The strong year-over-year growth and significant backlog indicate positive business momentum. The guidance for 2025 suggests continued growth, and the acquisition of FlightWave Aerospace System is likely to open new revenue opportunities, positively impacting the stock price.
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