SAN JUAN, Puerto Rico, Feb. 03, 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, will host an Investor and Analyst Day on Thursday, February 27 from 11:00 a.m. - 1:00 p.m. eastern time at the Nasdaq MarketSite in New York City. The event will feature presentations by Jeff Thompson, Red Cat’s CEO; Geoffrey Hitchcock, Red Cat’s chief revenue offi ...

PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION NEW YORK, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or the "Company"). The investigation concerns whether Red Cat Holdings, Inc. and certain of its officers and/or directors have engaged in securities fraud. PLEASE CLICK HERE TO ...

SAN JUAN, Puerto Rico, Jan. 23, 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, today announced it has secured new orders for its Edge 130 drone from the Army National Guard and another U.S. Government Agency (OGA), totaling $518,000. FlightWave, a leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in Septembe ...

NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or the "Company") (NASDAQ: RCAT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Red Cat and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On January 16, 2025 ...

RCAT ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Red Cat Holdings, Inc. ...

RCAT ACTIVE INVESTIGATION: Contact Levi & Korsinsky if you lost money on your Red Cat Holdings, Inc. investment ...

Did Red Cat Holdings, Inc. Mislead Investors? Shareholder Rights Advocates at Levi & Korsinsky Investigate - RCAT ...

On January 16, 2025, Bloomberg reported that shares of Red Cat were "down as much as 11%" after Kerrisdale Capital said it was "short Red Cat Holdings." Contact If you have information concerning Kerrisdale Capital's report or would like more information about our investigation, please click here: Shareholder Contact | Berman Tabacco or contact us at 800-516-9926 or law@bermantabacco.com. BOSTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law vio ...

BOSTON, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Red Cat Holdings, Inc. (“Red Cat” or the “Company”) (NASDAQ: RCAT), a drone technology company. About the Investigation On November 22, 2024, Bloomberg reported that “Red Cat Holdings Inc. shares r[o]se as much as 26% on Friday trading. The drone technology company’s stock is extending gains after it said it was selected as the winner of the US Army’s Short Range Reconnaissance ...

Group 1: Company Performance - Red Cat Holdings, Inc. (RCAT) shares have increased by 561.6% over the past six months, significantly outperforming the industry growth of 25.4% and the Zacks S&P 500 composite index rise of 7.6% [1] - RCAT's stock closed at $10.9, which is 40.1% higher than its 52-week high of $15.3 [4] - Over the past year, RCAT's performance is notably better than its peers, Adeia Inc. (ADEA) and Inspired Entertainment, Inc. (INSE), which gained 9.8% and 1.1%, respectively [4] Group 2: Financial Challenges - In the second quarter of fiscal 2025, RCAT's revenue dropped by 44.7% from the previous quarter and 61% year-over-year [5] - The company recorded an operating loss of $9.1 million in the same quarter, worsening from a loss of $7.7 million in the previous quarter and $4.9 million a year ago [7] - The current ratio for RCAT was 1.43, below the industry average of 2.16, indicating liquidity issues [9] Group 3: Earnings Estimates and Dividends - The Zacks Consensus Estimate for RCAT's fiscal 2025 loss has been revised from a loss of 33 cents per share to 50 cents per share, reflecting a decline in analyst confidence [12][13] - RCAT has never paid dividends and does not plan to, making it unsuitable for dividend-seeking investors [14] Group 4: Investment Outlook - Supply-chain disruptions and cost overruns related to the Short Range Reconnaissance (SRR) contract could negatively impact RCAT's financial health [15] - The company is advised to be cautious, as the consistent decline in cash and bleak earnings prospects may lead to further stock price declines [15][16]