Red Cat (RCAT) - 2023 Q4 - Earnings Call Transcript

Company Participants Back to the Teal 2, the drone that we will be selling for the next 2 years. Timing on our approval by the GSA and the Blue UAS could not have been better. When you consider government sales, it is important to remember that the government fiscal year ends on September 30 and many budgets are use it or lose it. They hate giving the money back. For that reason, we expect seasonality in our sales cycle with our biggest wins coming in August and September. Research and development expenses ...