Red Cat Holdings, Inc. (RCAT)

NASDAQ: RCAT · IEX Real-Time Price · USD
1.840
+0.080 (4.55%)
Jul 16, 2024, 10:48 AM EDT - Market open
4.55%
Market Cap 129.25M
Revenue (ttm) 13.73M
Net Income (ttm) -28.35M
Shares Out 74.28M
EPS (ttm) -0.52
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 405,142
Open 1.800
Previous Close 1.760
Day's Range 1.700 - 1.930
52-Week Range 0.525 - 2.200
Beta -0.35
Analysts Strong Buy
Price Target 4.00 (+117.39%)
Earnings Date Jul 25, 2024

About RCAT

Red Cat Holdings, Inc. engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment. Red Cat Holdings, Inc. is based in San Juan, Puerto Rico. [Read more]

Sector Technology
IPO Date Sep 22, 2017
Employees 76
Stock Exchange NASDAQ
Ticker Symbol RCAT
Full Company Profile

Financial Performance

In 2023, RCAT's revenue was $9.91 million, an increase of 54.17% compared to the previous year's $6.43 million. Losses were -$27.09 million, 131.7% more than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for RCAT stock is "Strong Buy" and the 12-month stock price forecast is $4.0.

Price Target
$4.0
(117.39% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Red Cat Set to Join Russell Microcap® Index

SAN JUAN, Puerto Rico, June 24, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, governmen...

21 days ago - GlobeNewsWire

CORRECTION FROM SOURCE Unusual Machines Selected to Provide the First Drone for Red Cat's FANG(TM) Line of First-Person View Strike Systems

This press release amends the headline and corrects a misspelling in the previously released version ORLANDO, FL / ACCESSWIRE / June 21, 2024 / Unusual Machines, Inc. , (NYSE American:UMAC) ("Unusual ...

Other symbols: UMAC
25 days ago - Accesswire

Unusual Machines Selected to Provide the First Drone for Red Cat's FAN(TM) Line of First-Person View Lethal Strike Systems

ORLANDO, FL / ACCESSWIRE / June 21, 2024 / Unusual Machines, Inc. , (NYSE American:UMAC) ("Unusual Machines" or the "Company"), a drone and drone components manufacturer, today announced it will provi...

Other symbols: UMAC
25 days ago - Accesswire

Red Cat Introduces New Family of Low-Cost, Portable Unmanned Reconnaissance and Precision Lethal Strike Systems

SAN JUAN, Puerto Rico, June 17, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc.  (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, governme...

4 weeks ago - GlobeNewsWire

Red Cat Successfully Passes Field Testing with Doodle Labs Against Electronic Warfare Technology in Ukraine

SAN JUAN, Puerto Rico, April 25, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military, governme...

2 months ago - GlobeNewsWire

Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations

SAN JUAN, Puerto Rico, April 18, 2024 (GLOBE NEWSWIRE) --   Red Cat Holdings, Inc.  (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, gover...

3 months ago - GlobeNewsWire

Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions

SAN JUAN, Puerto Rico, April 09, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc.  (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, governm...

3 months ago - GlobeNewsWire

Red Cat Announces $2.5 Million in Contract Awards for Two NATO Allied Countries

Red Cat will provide the new customers with Teal 2 drones, training, and accessories that will be used for defense and security operations globally Red Cat will provide the new customers with Teal 2 d...

4 months ago - GlobeNewsWire

Red Cat Holdings Reports Financial Results for Fiscal Third Quarter 2024 and Provides Corporate Update

Red Cat reports record revenue for the company in Fiscal Third Quarter 2024, the third consecutive quarter of double-digit sequential growth Red Cat reports record revenue for the company in Fiscal Th...

4 months ago - GlobeNewsWire

Retired Four-Star Army General Paul Edward Funk II Joins Red Cat's Board of Directors

SAN JUAN, Puerto Rico, March 15, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government, and comm...

4 months ago - GlobeNewsWire

Red Cat Holdings to Report Fiscal Third Quarter 2024 Financial Results and Provide Corporate Update on Monday, March 18, 2024

SAN JUAN, Puerto Rico, March 14, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for m...

4 months ago - GlobeNewsWire

Red Cat Reports Preliminary Record Revenue 16% Above Guidance for Third Quarter of Fiscal 2024 and Increases Guidance for Fourth Quarter 2024

SAN JUAN, Puerto Rico, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a drone technology company integrating robotic hardware and software for m...

5 months ago - GlobeNewsWire

Red Cat Continues Global Expansion Efforts with Introduction to Middle East Market

Company to showcase its Teal 2 drone platform at the World Defense Show in Saudi Arabia and participate in the “Exploitation of Disruptive Technologies” panel Company to showcase its Teal 2 drone plat...

5 months ago - GlobeNewsWire

Red Cat Integrates Advanced AI Capabilities into Next-Generation Drone System for the U.S. Army's Short Range Reconnaissance Program

Addition of Teledyne FLIR's Prism™ AI platform will provide enhanced capability at the tactical edge, improved battlefield management, and critical decision-making support Addition of Teledyne FLIR's ...

6 months ago - GlobeNewsWire

Red Cat Endorses Passing of the American Security Drone Act

New legislation will help protect national security and privacy of American citizens New legislation will help protect national security and privacy of American citizens

7 months ago - GlobeNewsWire

Red Cat Holdings Reports Financial Results for Fiscal Second Quarter 2024 and Provides Corporate Update

SAN JUAN, Puerto Rico, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for milita...

7 months ago - GlobeNewsWire

Red Cat Holdings Selected by U.S. Army as Finalist for Short Range Reconnaissance Tranche 2 Drone Program

Defense Innovation Unit and U.S. Army to provide $3 million in additional funding to support final program milestones Defense Innovation Unit and U.S. Army to provide $3 million in additional funding ...

7 months ago - GlobeNewsWire

Red Cat Holdings to Report Fiscal Second Quarter 2024 Financial Results and Provide Corporate Update on Friday, December 15, 2023

Conference Call to be held Friday, December 15, 2023 at 4:30 p.m. Eastern Time Conference Call to be held Friday, December 15, 2023 at 4:30 p.m. Eastern Time

7 months ago - GlobeNewsWire

Red Cat Holdings, Inc. Announces Closing of $9.2 Million Public Offering

SAN JUAN, Puerto Rico, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for mi...

7 months ago - GlobeNewsWire

Red Cat Holdings, Inc. Announces Pricing of Public Offering

SAN JUAN, Puerto Rico, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), (“Red Cat” or the “Company”), today announced the pricing of its previously announced underwritten publi...

7 months ago - GlobeNewsWire

Red Cat Holdings, Inc. Announces Proposed Public Offering of Common Stock

SAN JUAN, Puerto Rico, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”) today announced that it intends to offer to sell shares of its common stock ...

7 months ago - GlobeNewsWire

Red Cat Debuts in Latin America, Continuing Global Expansion Efforts Among U.S. Allies

Company to participate in Expodefensa 2023 in Bogotá and highlight its Teal 2 drone solution Company to participate in Expodefensa 2023 in Bogotá and highlight its Teal 2 drone solution

8 months ago - GlobeNewsWire

Red Cat Announces Management Changes

George Matus, CEO of subsidiary, Teal Drones, appointed Chief Technology Officer George Matus, CEO of subsidiary, Teal Drones, appointed Chief Technology Officer

8 months ago - GlobeNewsWire

Red Cat CEO to Speak at the Partnership for Drone Competitiveness' Launch Commemoration Outside the U.S. Capitol

Jeff Thompson to join the Association for Uncrewed Vehicle Systems International, industry leaders, and members of Congress during November 14th press conference Jeff Thompson to join the Association ...

8 months ago - GlobeNewsWire

Red Cat Subsidiary Teal Drones Selected for $750K Manufacturing Modernization Grant from State of Utah

SAN JUAN, Puerto Rico, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for mi...

8 months ago - GlobeNewsWire