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Red Cat Posts Downbeat Q3 Results, Joins StubHub, WhiteFiber And Other Big Stocks Moving Lower In Friday's Pre-Market Session - Anavex Life Sciences (NASDAQ:AVXL), POET Technologies (NASDAQ:POET)
Benzingaยท2025-11-14 13:17

Core Insights - U.S. stock futures are lower, with Dow futures down approximately 100 points [1] - Red Cat Holdings Inc reported disappointing third-quarter results, leading to a significant drop in its stock price [2] Company Performance - Red Cat Holdings Inc's third-quarter revenue was $9.65 million, falling short of analyst expectations of $16.68 million [2] - The company reported a loss of 16 cents per share, which was worse than the anticipated loss of 10 cents per share [2] - Following the earnings report, Red Cat's shares fell by 15.1% to $6.57 in pre-market trading [2] Other Companies' Performance - TSS Inc experienced a 40.2% decline to $9.10 after reporting a year-over-year decrease in third-quarter results [4] - StubHub Holdings Inc's shares dropped 18.8% to $15.28 due to worse-than-expected third-quarter EPS results [4] - WhiteFiber Inc's stock fell 13.4% to $17.21 after reporting disappointing third-quarter financial results [4] - Anavex Life Sciences Corp. saw a decline of 12.3% to $4.99, following an 18% drop the previous day [4] - Verastem Inc's shares dipped 9.4% to $7.35 after announcing a $90 million public offering [4] - POET Technologies Inc fell 8.5% to $4.30 due to weak quarterly results [4] - Solaris Energy Infrastructure Inc declined 5.8% to $42.32 in pre-market trading [4]