Red Cat: Buy Any Drone Dip
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Red Cat's stock dip after missing FQ2 revenue estimates and the CFO's departure presents a buying opportunity. The company secured a major military contract and partnered with Palantir for AI software, boosting 2025 revenue guidance. Despite cash concerns, new deals and potential government loans mitigate funding risks.
December 17, 2024 | 2:45 pm
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Red Cat's stock dip after missing FQ2 revenue estimates and the CFO's departure presents a buying opportunity. The company secured a major military contract and partnered with Palantir for AI software, boosting 2025 revenue guidance. Despite cash concerns, new deals and potential government loans mitigate funding risks.
The stock dip is due to missing revenue estimates and the CFO's departure, but the new military contract and partnership with Palantir are significant positives. The increased revenue guidance for 2025 and potential government loans reduce the impact of cash concerns, making the stock attractive.
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