Red Cat (RCAT)

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Red Cat: Overlooked Drone Opportunity
Seeking Alpha· 2025-04-02 16:24
If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market to start April, consider joining Out Fox The Street .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in RCAT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am n ...
Red Cat (RCAT) - 2025 Q3 - Earnings Call Transcript
2025-04-01 04:26
Red Cat Holdings (RCAT) Q3 2025 Earnings Call April 01, 2025 12:26 AM ET Company Participants Jeffrey Thompson - Founder, Chairman, President & CEO Conference Call Participants Glenn Mattson - AnalystMike Latimore - MD & Equity Analyst - AI and Communications SaaS Operator Ladies and gentlemen, thank you for standing by. Good afternoon and welcome to the Red Cat Holdings December thirty one, twenty twenty four, eight month stub period Financial Results and Corporate Update Conference Call. After today's pre ...
Red Cat Holdings Reports Financial Results for the 2024 Transition Period (as of December 31, 2024 and the eight months then ended) and Provides Corporate Update
Globenewswire· 2025-03-31 20:00
Core Viewpoint - Red Cat Holdings, Inc. is experiencing strong operational momentum and financial stability as it expands its drone technology offerings for military and commercial applications, particularly with the introduction of new drone models and strategic partnerships [4][5][6]. Recent Operational Highlights - The company has successfully introduced the Black Widow and Edge 130 drones to international markets, including the Middle East, Asia Pacific, and plans for Latin America [4]. - Red Cat has partnered with Palantir to enhance its drone capabilities, integrating advanced software for navigation and manufacturing optimization [5]. Financial Highlights for 2024 Transition Period - Revenue for the transition period was reported at $4.9 million, with cash and accounts receivable totaling $9.6 million [5]. - The company secured $15 million in debt financing, strengthening its capital position for scaling production [4]. - The guidance for calendar year 2025 is set between $80 million and $120 million, with specific revenue expectations from various drone sales [5]. Corporate Developments - Black Widow was selected as the sole provider for the U.S. Army's Short Range Reconnaissance (SRR) Program of Record [5]. - The acquisition of FlightWave Aerospace Systems Corporation has expanded Red Cat's product offerings with the Edge 130 drone [5]. - The company is actively participating in defense exhibitions to promote its products and expand its market reach [5].
Red Cat Holdings to Report Financial Results for the 2024 Stub Period (as of December 31, 2024 and the eight months then ended) and Provide Corporate Update on Monday, March 31, 2025
Newsfilter· 2025-03-26 12:30
SAN JUAN, Puerto Rico, March 26, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that financial results for the 2024 Stub Period (as of December 31, 2024 and the eight months then ended) will be reported on Monday, March 31, 2025 at the market close. Company management will host an earnings conference call at 4:30p.m. ET on Monday, Ma ...
Bragar Eagel & Squire, P.C. Is Investigating Dave, Red Cat, Perpetua, and Voyager and Encourages Investors to Contact the Firm



Globenewswire· 2025-03-21 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against four companies: Dave, Inc., Red Cat Holdings, Inc., Perpetua Resources Corp., and Voyager Therapeutics, Inc. for possible violations of federal securities laws and other unlawful business practices [1] Company Summaries Dave, Inc. (NASDAQ: DAVE) - The Justice Department and FTC announced a civil enforcement action against Dave, Inc. and its CEO Jason Wilk for alleged violations of the FTC Act and ROSCA, claiming misleading advertising regarding cash advances, hidden fees, and recurring monthly fees without a cancellation mechanism [2] - Following the announcement, Dave shares opened at $84.00 on December 31, 2024, reflecting a drop of over 10% from the previous day [3] Red Cat Holdings, Inc. (NASDAQ: RCAT) - Kerrisdale Capital published a report alleging that Red Cat overstated the revenue potential of its U.S. Army SRR drone contract and lacks the production capacity to fulfill its promises, raising concerns about executive departures and insider transactions [4] - As a result, Red Cat's stock price fell by $2.36 per share, or 21.63%, closing at $8.55 per share on January 17, 2025 [4] Perpetua Resources Corp. (NASDAQ: PPTA) - The investigation focuses on whether Perpetua issued false or misleading statements and failed to disclose pertinent information. The company released an updated cash flow model for the Stibnite Gold Project, indicating increased capital expenditures and costs, but improved economic metrics due to rising commodity prices [5] - Following this news, shares of Perpetua fell by 22.3% on February 14, 2025 [5] Voyager Therapeutics, Inc. (NASDAQ: VYGR) - Voyager announced it would assess alternate payloads for its gene therapy program for ALS, stating that emerging preclinical data indicated issues with the siRNA payload component of VY9323, which does not meet their standards [6] - Consequently, Voyager's stock price dropped by $1.11 per share, or 20.86%, closing at $4.21 per share on February 11, 2025 [6]
Red Cat Announces Appointment of Christian Koji Ericson as Chief Financial Officer
Globenewswire· 2025-03-12 14:38
Company Overview - Red Cat Holdings, Inc. is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations [5] - The company operates through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, and has developed a Family of Systems including the Black Widow™, TRICHON™, and FANG™ [5] Leadership Appointment - Christian Koji Ericson has been appointed as the new Chief Financial Officer (CFO) of Red Cat, effective March 17, 2025 [1] - Ericson has over 20 years of finance and accounting experience, including 11 years at PricewaterhouseCoopers (PwC) and senior roles at Nu Skin Enterprises [2] Strategic Vision - The CEO of Red Cat, Jeff Thompson, emphasized that Ericson's financial leadership and experience in high-growth industries will be crucial for the company's growth and market opportunities [3] - Ericson expressed optimism about the opportunities for Red Cat in the evolving drone industry and aims to leverage his financial strategy experience to enhance the company's performance and shareholder value [3]
Red Cat Holdings Proud to Announce Teal’s Black Widow™ and FlightWave’s Edge 130 Selected as Winners of the Blue UAS Refresh
Globenewswire· 2025-02-24 12:30
Core Insights - Red Cat Holdings, Inc. announced that its Black Widow drone and FlightWave Edge 130 have been selected as winners in the Blue UAS Refresh, which includes 23 platforms and 14 unique components and capabilities [1][2] - The inclusion of these drones will undergo NDAA verification and cybersecurity review, aiming for their addition to the Blue UAS List, reinforcing Red Cat's commitment to NDAA-compliant unmanned systems for defense and government applications [2][5] Company Overview - Red Cat is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations, operating through subsidiaries Teal Drones and FlightWave Aerospace [7] - The Black Widow is designed for short-range reconnaissance missions and has been selected for the U.S. Army's SRR Program of Record contract, enhancing military operators' situational awareness and autonomous capabilities [3][7] - FlightWave's Edge 130 is a high-endurance VTOL drone designed for medium-range intelligence, surveillance, and reconnaissance operations, featuring a modular payload system [4][7] Strategic Partnerships - Red Cat has partnered with Palantir to integrate Visual Navigation software (VNav) into the Black Widow drones, enhancing their operational capabilities [3] Market Position - The inclusion of Red Cat's drones in the Blue UAS review continues the company's legacy of having Blue listed solutions, facilitating easier procurement by the U.S. Department of Defense and federal agencies [5]
Red Cat Holdings Proud to Announce Teal's Black Widow™ and FlightWave's Edge 130 Selected as Winners of the Blue UAS Refresh
Newsfilter· 2025-02-24 12:30
Core Insights - Red Cat Holdings, Inc. announced that its Black Widow drone and FlightWave Edge 130 have been selected as winners in the Blue UAS Refresh, which includes 23 platforms and 14 unique components and capabilities [1][2] - The inclusion of these drones will undergo NDAA verification and cybersecurity review, aiming for their addition to the Blue UAS List, reinforcing Red Cat's commitment to NDAA-compliant unmanned systems for defense and government applications [2][5] Company Overview - Red Cat is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations, operating through subsidiaries Teal Drones and FlightWave Aerospace [7] - The Black Widow is designed for short-range reconnaissance missions and has been selected for the U.S. Army's SRR Program of Record contract, enhancing military operators' situational awareness and autonomous capabilities [3][7] - FlightWave's Edge 130 is a high-endurance VTOL drone suitable for medium-range intelligence, surveillance, and reconnaissance operations, featuring a modular payload system [4][7] Strategic Partnerships - Red Cat has partnered with Palantir to integrate Visual Navigation software (VNav) into the Black Widow drones, enhancing their operational capabilities [3] Market Position - The inclusion of Red Cat's drones in the Blue UAS review continues its legacy of having Blue listed solutions, facilitating easier procurement by the U.S. Department of Defense and federal agencies, thus ensuring rapid deployment [5]
RCAT Investor News: Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
Prnewswire· 2025-02-22 16:00
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Legal Action and Investor Rights - Shareholders who purchased Red Cat securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - To join the prospective class action, interested parties can submit a form or contact the law firm directly [3]. Group 2: Company Background and Market Performance - Kerrisdale Capital published a report on January 16, 2025, stating that Red Cat Holdings, a $1 billion drone manufacturer, has seen a market capitalization increase of over $900 million in the past nine months, primarily due to expectations surrounding a US Army contract for short-range reconnaissance drones [4]. - Following the report, Red Cat's stock price dropped by $1.55, or 15%, closing at $8.56 per share on January 17, 2025 [4]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [5]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [5].
Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
Prnewswire· 2025-02-17 21:45
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. due to allegations of materially misleading business information issued by the company [1] Group 1: Legal Action and Compensation - Shareholders who purchased Red Cat securities may be entitled to compensation through a contingency fee arrangement, with no out-of-pocket fees or costs [2] - A class action is being prepared by Rosen Law Firm to seek recovery of investor losses [2][3] Group 2: Company Performance and Market Reaction - Kerrisdale Capital published a report on January 16, 2025, stating that Red Cat Holdings, a $1 billion drone manufacturer, has seen a market capitalization increase of over $900 million in the past nine months, primarily due to expectations surrounding a US Army contract for short-range reconnaissance drones [4] - Following the report, Red Cat's common stock fell by $1.55 per share, or 15%, closing at $8.56 per share on January 17, 2025 [4] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [5] - The firm has consistently been ranked in the top 4 for securities class action settlements since 2013 and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 [5]