Red Cat Holdings

Red Cat Holdings, Inc. provides products, services and solutions to the drone industry. It also engages in the provision of distributed data storage, analytics and services for the drone industry.The firm product include Dronebox, which is a blockchain technology that records, stores and analyzes flight data and information from a drone. It operates through the following segments: Enterprise and Consumer segments. The Enterprise Segment will focus on developing a hardware enabled software platform of services and solutions to government and commercial enterprises and the military. The company was founded by Jeffrey M. Thompson in February 1984 and is headquartered in San Juan, Puerto Rico.

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Red Cat Holdings achieves record revenue growth and strategic expansion

Red Cat Holdings (RCAT) delivered exceptional financial performance in Q4 2024, driven by revenue growth and strategic initiatives to expand its product portfolio and capabilities.
While facing challenges related to pending matters and market competition, the company's strong financial position, partnerships, and growth opportunities position it well for the future.
By focusing on innovation, strategic acquisitions, and operational efficiency, Red Cat is poised to capitalize on emerging trends in the drone industry and sustain its growth momentum.

Red Cat Holdings reports record revenue and forecasts strong growth

Red Cat Holdings (RCAT) delivered robust Q1 2025 results with record revenue and product expansion, signaling growth potential.
While facing challenges such as contract delays and operational efficiency, Red Cat's strong backlog and revenue outlook offer optimism.
The company's strategic focus on defense sector needs and transition to a calendar year bode well for future performance and transparency.

Red Cat Holdings partners with Palantir, raises guidance amid strong Q2 performance

Red Cat Holdings' Q2 earnings call highlighted strong performance, strategic partnerships, and growth opportunities in the drone market. While facing challenges in CFO transition and funding, the company is well-positioned to capitalize on the Palantir partnership and expand its market presence.

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Red Cat Holdings, Inc. provides products, services and solutions to the drone industry. It also engages in the provision of distributed data storage, analytics and services for the drone industry.The firm product include Dronebox, which is a blockchain technology that records, stores and analyzes flight data and information from a drone. It operates through the Enterprise Segment. The Enterprise Segment will focus on developing a hardware enabled software platform of services and solutions to government and commercial enterprises and the military. The company was founded by Jeffrey M. Thompson in February 1984 and is headquartered in San Juan, Puerto Rico.

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Red Cat's post-earnings dip presents a buying opportunity, despite missing FQ2 revenue estimates and the CFO's departure. The company secured a major military contract and partnered with Palantir for AI software for drones, boosting 2025 revenue guidance to $80-$120 million. RCAT stock is trading at 8x 2025 sales estimates, but limited cash raises concerns, though new deals and potential government loans mitigate funding risks.

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Red Cat Holdings, Inc. (NASDAQ:RCAT ) Q2 2025 Earnings Conference Call December 16, 2024 4:30 PM ET Company Participants Jeff Thompson - Chairman of the Board, CEO and President Leah Lunger - CFO Geoffrey Hitchcock - Chief Revenue Officer Jeff Thompson Leah, do you have a copy of the disclosure? Leah Lunger Yeah, I was just going to say, why don't I get our opening remarks going firsthand here?

Red Cat Holdings, Inc. (RCAT) Q2 2025 Earnings Call Transcript

SAN JUAN, Puerto Rico, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal second quarter ended October 31, 2024 and provides a corporate update.

Red Cat Holdings Reports Financial Results for Fiscal Second Quarter 2025 and Provides Corporate Update

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Shares of Red Cat Holdings surged over 25% on Monday after news broke of its partnership with Palantir to integrate advanced visual navigation software into its drones.

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Drone stocks rallied Monday after a flurry of sightings across the northeast in recent days renewed attention toward the sector.

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SAN JUAN, Puerto Rico, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), today announced a strategic partnership with Palantir Technologies Inc. (Nasdaq: PLTR) to integrate Visual Navigation software (VNav) into Red Cat's Black Widow drones and to deploy Warp Speed, Palantir's manufacturing OS. This collaboration will transform autonomous sUAS operations for modern warfare by utilizing Palantir's advanced AI software running onboard the drone which references up-to-date onboard satellite imagery to provide accurate navigation entirely independent of GPS or radio control signals.

Red Cat Partners with Palantir to Equip Black Widow™ with Autonomous Visual Navigation and Warp Speed for GPS-Compromised Environments

Conference Call to be held Monday, December 16, 2024 at 4:30p.m. Eastern Time Conference Call to be held Monday, December 16, 2024 at 4:30p.m. Eastern Time

Red Cat Holdings to Report Fiscal Second Quarter 2025 Financial Results and Provide Corporate Update on Monday, December 16, 2024

SAN JUAN, Puerto Rico, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc . (Nasdaq: RCAT), a drone technology company building hardware and software for military, government, and commercial operations, today announced several leadership updates to align its executive team with the company's top priorities for scaling operations, manufacturing and meeting the needs of a fast-growing portfolio of customers.

Red Cat Announces Key Leadership Updates to Accelerate Growth Following U.S. Army Short Range Reconnaissance Program of Record Award

SAN JUAN, Puerto Rico, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company building hardware and software for military, government, and commercial operations, today announced the promotion of Geoffrey Hitchcock to Chief Revenue Officer (CRO). Hitchcock previously served as the General Manager for Teal Drones (a Red Cat subsidiary), where he was responsible for building a global sales organization for its hardware and software solutions.

Red Cat Holdings Promotes Geoffrey Hitchcock to Chief Revenue Officer

Palladyne AI Corp

SALT LAKE CITY--(BUSINESS WIRE)--Palladyne AI Corp. (NASDAQ: PDYN and PDYNW) (“Palladyne AI”), a developer of artificial intelligence software for robotic platforms in the commercial and defense sectors, today announced an expanded partnership with Red Cat Holdings, Inc. (NASDAQ: RCAT) (“Red Cat”) and its Teal Drones subsidiary (“Teal”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations. The broadened relationship includes j.

Palladyne AI and Red Cat Expand Partnership for Teal Drones

Red Cat's next generation Teal system will be the Army's Program of Record SRR sUAS, concluding the rigorous, multi-tranche competitive process Red Cat's next generation Teal system will be the Army's Program of Record SRR sUAS, concluding the rigorous, multi-tranche competitive process

Red Cat Announces Production Selection for U.S. Army Short Range Reconnaissance Program

Conference Call to be held Tuesday, November 19, 2024 at 4:30 p.m. Eastern Time Conference Call to be held Tuesday, November 19, 2024 at 4:30 p.m. Eastern Time

Red Cat to Host Town Hall Meeting for Investors, Analysts and Members of the Media

Red Cat Holdings' biggest growth driver relies on landing the US Army's SRR T2 contract, which could increase revenue by up to $79 million in the next year. The company projects 2025 revenue between $50-$55 million even without the SRR T2 contract, which is a significant increase from the TTM revenue of $18.9 million. Since joining the Russell Microcap Index, RCAT's visibility has jumped, pushing its share price up over 100% as new institutional investors discovered the company.

Red Cat Holdings Takes Flight, SRR Contract Could Propel Shares Even Higher

SAN JUAN, Puerto Rico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc.  (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a new contract and order for 12 of its FlightWave Edge 130 Blue system from the Royal Australian Navy. The contract was secured through Criterion Solutions Pty Ltd.

Red Cat to Supply FlightWave Edge 130 Blue Systems to Royal Australian Navy

Company establishes relationship with the United States Army Communications-Electronics Command Company establishes relationship with the United States Army Communications-Electronics Command

Red Cat Secures $1 Million Contract for its FlightWave Edge 130 Blue

SAN JUAN, Puerto Rico, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc.  (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that Brett has joined its Board of Advisors. Brett is a drone industry expert, national media personality, and best-selling author of Drone Warrior , a first-hand account that chronicles the U.S. military's evolution between 2001 - 2016 and the technology driving it.

U.S. Army Special Operations Veteran and Drone Expert Joins Red Cat's Board of Advisors

SAN JUAN, Puerto Rico, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc.  (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it secured $1.6 million in contracts for Edge 130 Blue drones, FlightWave's Blue UAS approved military-grade tricopter to the U.S. Customs & Border Protection (CBP). The contract was secured through Darley, a leading distributor of equipment and technology to first responders and the military, and was coordinated for procurement by the U.S. Defense Logistics Agency (DLA) on behalf of CBP.

Red Cat Secures $1.6 Million In Contracts for its FlightWave Edge 130 Blue

SALT LAKE CITY--(BUSINESS WIRE)--Red Cat and Palladyne AI Partner to Embed Artificial Intelligence into Teal Drones to Enable Autonomous Operation.

Red Cat and Palladyne AI Partner to Embed Artificial Intelligence into Teal Drones to Enable Autonomous Operation

Red Cat Holdings, Inc. (NASDAQ:RCAT ) Q1 2025 Earnings Conference Call September 23, 2024 4:30 PM ET Company Participants Jeff Thompson - Chairman of the Board, CEO and President Leah Lunger - CFO Conference Call Participants Ashok Kumar - ThinkEquity Glenn Mattson - Ladenburg Thalmann Carlo Corzine - Dawson James Securities Operator Ladies and gentlemen, thank you for standing by. Good afternoon and welcome to the Red Cat Holdings Fiscal 2025 First Quarter Financial Results and Corporate Update Conference Call.

Red Cat Holdings, Inc. (RCAT) Q1 2025 Earnings Call Transcript

SAN JUAN, Puerto Rico, Sept. 23, 2024 (GLOBE NEWSWIRE) --  Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal first quarter ended July 31, 2024 and provides a corporate update.

Red Cat Holdings Reports Financial Results for Fiscal First Quarter 2025 and Provides Corporate Update

SANTA MONICA, Calif., Sept. 17, 2024 (GLOBE NEWSWIRE) -- FlightWave Aerospace, a leading innovator in unmanned aerial systems (UAS), today announced it has secured a $1.9 million award through the U.S. Air Force's Tactical Funding Increase (TACFI) program. Following the recent acquisition of FlightWave by Red Cat Holdings, Inc. (Nasdaq: RCAT), the company will use the funding to support critical enhancements to the Edge 130 Vertical Takeoff and Landing (VTOL) system, now a part of Red Cat's family of low-cost, portable unmanned reconnaissance and precision lethal strike systems.

FlightWave, a Red Cat Company, Secures $1.9 Million TACFI Award for Advanced Enhancements to Edge 130 VTOL

As militaries worldwide invest in unmanned AI swarm drone warfare solutions, Red Cat is well positioned to capitalize on the trend. RCAT is seeing strong revenue growth, better operational focus, and a series of looming catalysts. Red Cat could be awarded the US Army's SRR T2 contract, worth between $600 million and $720 million, later this fall.

News for Red Cat Holdings Stock (RCAT)