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Red Cat Holdings, Inc. - RCAT STOCK NEWS

Welcome to our dedicated page for Red Cat Holdings news (Ticker: RCAT), a resource for investors and traders seeking the latest updates and insights on Red Cat Holdings stock.

Red Cat Holdings, Inc. (RCAT) is a prominent military technology company specializing in secure blockchain-based distributed storage, analytics, and SaaS for the drone industry. The company offers innovative solutions for regulators to monitor flight data, insurance companies to insure drones, and pilots to comply with regulations. Red Cat collaborates with Ocean Power Technologies to enhance ocean surveillance and maritime domain awareness through drone and swarming capabilities across various domains. Teal Drones, a Red Cat subsidiary, develops the Golden Eagle drone with high-resolution imaging for night-time operations, while Skypersonic provides unmanned aircraft for interior spaces and hazardous environments. Red Cat's strategic partnerships include companies like Primordial Labs, Tomahawk Robotics, and Athena AI, enabling cutting-edge autonomy solutions for defense and security missions.

News

Red Cat Launches Robotics and Autonomous Systems Consortium to Bridge Critical UAS Technology Gaps for Warfighters

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Red Cat Holdings, Inc. (Nasdaq: RCAT) announced the formation of the Red Cat Futures Initiative (RFI), an independent consortium of robotics and autonomous systems partners focused on advancing uncrewed aircraft systems for warfighters. The initiative aims to bridge technology gaps through modular open architecture, co-innovation, and advocacy. Founding members include companies like Ocean Power Technologies, Sentien Robotics, Primordial Labs, and more. Red Cat subsidiary Teal Drones will play a key role in expanding the capabilities of UAS systems for military, government, and commercial applications.

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

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Red Cat Holdings, Inc. (Nasdaq: RCAT) successfully passed electronic warfare testing in Ukraine with Doodle Labs, addressing the need for anti-jamming drones in modern warfare. The partnership aims to increase survivability and lethality for the warfighter. Red Cat's Teal 2 system, built by subsidiary Teal Drones, is designed to support military and government operations with its night vision and modular design, meeting Blue UAS and FAA Remote ID standards.
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Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations

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Red Cat Holdings, Inc. (Nasdaq: RCAT) partners with Sentien Robotics to enhance autonomous drone swarming operations for defense and security. The collaboration integrates Red Cat's Teal Drones with Sentien's Hive UAS management platforms, enabling continuous reconnaissance on enemy targets. Red Cat's battlefield-tested drones, coupled with Sentien's fleet handling capabilities, offer warfighters unprecedented tools for modern combat teams. The agreement aims to revolutionize warfare by providing tactical superiority through autonomous deployment and control of drone swarms across multiple domains.
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Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions

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Red Cat Holdings, Inc. (RCAT) partners with Ocean Power Technologies, Inc. (OPTT) to deploy Teal 2 Drones for maritime threat assessment. The collaboration aims to enhance maritime surveillance capabilities using autonomous vehicles for defense and security missions.
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Red Cat Announces $2.5 Million in Contract Awards for Two NATO Allied Countries

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Red Cat Holdings, Inc. (Nasdaq: RCAT) secures $2.5 million in new contract awards with two NATO allied countries to provide Teal 2 drone systems, training, and accessories for defense and security operations globally. The Company's American-made drones offer rapid reconnaissance and situational awareness, supporting U.S. and allied military operations. Red Cat's subsidiary, Teal Drones, manufactures the cost-effective Teal 2 platform, optimized for night-time use and approved by Blue UAS Certified and FAA Remote ID. The contracts highlight Red Cat's focus on expanding global sales and international business development.
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Red Cat Holdings Reports Financial Results for Fiscal Third Quarter 2024 and Provides Corporate Update

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Red Cat Holdings, Inc. (RCAT) reports record revenue in Fiscal Q3 2024 with $5.8 million, a 250% increase YoY. The company achieved double-digit sequential growth for the third consecutive quarter. Red Cat expanded globally, partnered with Primordial Labs for AI-driven technology, and received a $750k grant. Financially, the company closed the Consumer segment sale, resulting in $1 million cash, 4,250,000 UMAC shares, and a $2 million note payable to Red Cat. The company holds a strong funded backlog of $5.1 million and $12.7 million in combined Cash and Account Receivable balances as of January 31, 2024.
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Retired Four-Star Army General Paul Edward Funk II Joins Red Cat’s Board of Directors

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Red Cat Holdings, Inc. (RCAT) announces General (R) Paul Edward Funk II joining its Board of Directors, bringing extensive leadership experience to drive growth in drone technology for military and commercial sectors.
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Red Cat Holdings to Report Fiscal Third Quarter 2024 Financial Results and Provide Corporate Update on Monday, March 18, 2024

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Red Cat Holdings, Inc. (RCAT) to report Q3 fiscal 2024 financial results on March 18, 2024. The conference call will discuss financial performance and corporate updates.
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Red Cat Partners with Primordial Labs to Integrate AI-Driven Voice Control Technology into its Platform

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Red Cat Holdings, Inc. (RCAT) announces a partnership with Primordial Labs to integrate AI-driven voice control technology into its drone platform. The collaboration aims to enhance drone operators' control capabilities through natural language commands, positioning Teal 2 drones as leaders in the industry.
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Red Cat Reports Preliminary Record Revenue 16% Above Guidance for Third Quarter of Fiscal 2024 and Increases Guidance for Fourth Quarter 2024

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Red Cat Holdings, Inc. (RCAT) reports record revenue of $5.8 million for the fiscal third quarter of 2024, a 49% sequential increase. The current backlog stands at $5.1 million, the highest in company history. Revenue guidance for the fourth quarter is approximately $7 million, anticipating a 20% sequential increase. The CEO and CTO express optimism about the company's growth and the demand for their drone technology products.
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FAQ

What is the current stock price of Red Cat Holdings (RCAT)?

The current stock price of Red Cat Holdings (RCAT) is $6.37 as of November 20, 2024.

What is the market cap of Red Cat Holdings (RCAT)?

The market cap of Red Cat Holdings (RCAT) is approximately 493.2M.

What is Red Cat Holdings, Inc. focused on?

Red Cat specializes in secure blockchain-based distributed storage, analytics, and SaaS solutions for the drone industry.

What are some key achievements of Red Cat?

Red Cat has successfully collaborated with Ocean Power Technologies to enhance ocean surveillance and maritime domain awareness.

What products does Red Cat offer?

Red Cat provides solutions such as the Golden Eagle drone for night-time operations and unmanned aircraft for interior spaces.

What are some of Red Cat's strategic partnerships?

Red Cat partners with companies like Primordial Labs, Tomahawk Robotics, and Athena AI to deliver advanced autonomy solutions.

What is the subsidiary of Red Cat involved in drone development?

Teal Drones, a Red Cat subsidiary, develops the Golden Eagle drone with high-resolution imaging for night-time operations.

How does Red Cat contribute to defense and security missions?

Through partnerships and advanced solutions, Red Cat enhances autonomy for greater maritime situational awareness in defense and security missions.

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Red Cat Holdings, Inc.

Nasdaq:RCAT

RCAT Rankings

#3116 Ranked by Market Cap
N/A Ranked by Dividends
#25 Top Gainer

RCAT Stock Data

493.18M
58.09M
21.2%
17.81%
6.79%
Computer Hardware
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