Streetbeat News

RCAT

Red Cat Holdings, Inc.

https://www.redcatholdings.com

Industry

Computer Hardware

Red Cat Holdings, Inc., through its subsidiaries, provides various products, services, and solutions to the drone industry. It offers commercial and government unmanned aerial vehicle technology for reconnaissance, public safety, and inspection applications. The company also provides First Person View (FPV) video goggles; and software and hardware solutions that enable drones to complete inspection services in locations where global positioning systems are not available. In addition, it is involved in the sales of FPV drones and equipment primarily to the consumer marketplace. Red Cat Holdings, Inc.is based in San Juan, Puerto Rico.

Open

7.82

Mkt cap

709M

Volume

16M

High

9.60

P/E Ratio

-22.38

52-wk high

9.60

Low

7.60

Div yield

N/A

52-wk low

0.53

The S&P 500 reached a new record high as investor sentiment improved, though the Fear & Greed Index remains in the 'Greed' zone. The S&P 500, Dow, and Nasdaq all posted weekly gains. Investors are anticipating earnings from AAR Corp. and Red Cat Holdings.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 7:53 am

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.

Portfolio Pulse from Adam Eckert

September 23, 2024 | 8:27 pm

Red Cat Holdings shares declined following the release of disappointing Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:12 pm

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.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:05 pm

Red Cat Holdings reported a Q1 EPS of $(0.17), missing the $(0.08) estimate, and sales of $2.78M, missing the $3.85M estimate. Despite the misses, sales increased by 58.84% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:03 pm

The Dow Jones index reached a new record high despite a decline in overall market sentiment, as indicated by the CNN Money Fear and Greed index, which remains in the 'Greed' zone. FedEx shares dropped over 15% due to poor financial results and guidance cut. Investors are awaiting earnings from AAR Corp. and Red Cat Holdings.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 8:47 am

AAR Corp. is expected to report earnings, ShiftPixy announced a reverse stock split, Red Cat Holdings is expected to post a quarterly loss, iBio reported a reduced net loss with increased revenue, and Uxin Limited is projected to report earnings.

Portfolio Pulse from Avi Kapoor

September 23, 2024 | 8:47 am

FlightWave, a subsidiary of Red Cat Holdings, has secured a $1.9 million contract with the U.S. Air Force to enhance the capabilities of its Edge 130 VTOL drone. This contract signifies a significant business development for Red Cat Holdings.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 12:03 pm

Red Cat Holdings has completed its acquisition of Flightwave Aerospace Systems, adding the Edge 130 tricopter to its portfolio. This move enhances Red Cat's offerings in military-grade unmanned systems.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 11:26 am

Red Cat Holdings shares are trading higher following the company's Q4 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:34 pm

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