Red Cat Holdings Q1 Earnings: Revenue, EPS Miss Estimates, Company Highlights 'Significant Global Demand'
Portfolio Pulse from Adam Eckert
Red Cat Holdings reported Q1 2025 earnings with revenue and EPS missing estimates. Despite a 59% YoY revenue increase and a record backlog, shares fell 11.39% after-hours. The company anticipates $50-$55 million revenue for 2025, driven by global demand and new product developments.
September 23, 2024 | 8:27 pm
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Red Cat Holdings reported Q1 earnings with revenue and EPS below analyst expectations, leading to an 11.39% drop in after-hours trading. Despite a 59% YoY revenue increase and a strong backlog, the market reacted negatively to the earnings miss.
The earnings miss on both revenue and EPS is a significant negative factor, leading to a sharp decline in after-hours trading. The market's reaction suggests concerns over the company's ability to meet expectations despite strong demand and backlog.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100