Red Cat Holdings Inc
NASDAQ:RCAT

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Red Cat Holdings Inc
NASDAQ:RCAT
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Price: 8.04 USD -8.53% Market Closed
Market Cap: 959.7m USD

Red Cat Holdings Inc
Investor Relations

Red Cat Holdings, Inc. provides products, services and solutions to the drone industry. The firm provides its services to the enterprise, military, and consumer markets. The company designs, develops, markets, and sells drone software and products. Red Cat's Golden Eagle drones are approved by the Department of Defense for reconnaissance, public safety, and inspection applications. The technology of Skypersonic Inc, a subsidiary of the Company enables drones to complete inspection services in locations where Global Positioning System (GPS) is not available, yet still record and transmit data even while being operated from thousands of miles away. The firm's offering also includes First Person View (FPV) video goggles that give pilots a better perspective to control their drone in flight. Red Cat Holdings Inc operates through several subsidiaries, including Teal Acquisition I Corp and Rotor Riot, LLC.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Mar 31, 2025
AI Summary
Q3 2025

Factory Update: Long Beach facility is now operational and began shipping drones in March, with expectations of monthly shipments going forward.

SRR Contracts Progress: The features contract for the Black Widow under the SRR program was signed, with the next LRIP contract expected to be larger than previously reported and likely signed soon.

Visual Navigation Launch: Visual Navigation software for Black Widow drones is nearly complete, is not yet factored into guidance, and is expected to enhance margins.

Palantir Partnership: Red Cat is partnering with Palantir for Visual Navigation and is in early stages of implementing Palantir's operating system, expected to improve efficiencies and margins.

International Demand: Interest from NATO allies and European partners remains strong despite geopolitical tensions, with no indication of reduced demand for US-made drones.

SRR Funding: The company has requested an additional $100 million in SRR funds for 2025 but is not depending on it; current guidance feels comfortable based on recent LRIP discussions.

Key Financials
SRR Guidance
$25 to $65 million
SRR Additional Funding Request
$100 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jeffrey M. Thompson
Founder, Chairman, President & CEO
No Bio Available
Ms. Leah Lunger
CFO, Principal Financial Officer & Interim Principal Accounting Officer
No Bio Available
Mr. Stan Nowak
Vice President of Marketing
No Bio Available
Mr. Geoffrey Hitchcock
Chief Revenue Officer
No Bio Available

Contacts

Address
Humacao
370 Harbour Drive
Contacts