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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.
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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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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, 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 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 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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Red Cat Holdings, Inc. will showcase its Teal 2 drone platform at the World Defense Show in Saudi Arabia and participate in the 'Exploitation of Disruptive Technologies' panel. The company aims to expand its presence in the defense and security market in the Middle East, highlighting its capabilities and certifications. Teal 2, manufactured by Red Cat subsidiary Teal Drones, is designed to support military operations, public safety organizations, and government agencies, with features such as night vision camera, modular design, multi-vehicle control, and artificial intelligence capabilities.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) announces integration of Teledyne FLIR’s Prism™ AI platform into its next generation drone for the U.S. Army’s Short Range Reconnaissance (SRR) Tranche 2 Program of Record. Teal Drones, a subsidiary of Red Cat, was selected as one of two finalists for the SRR program, aiming to provide small, rucksack-portable sUAS capabilities to Army platoons for enhanced situational awareness. Teal 2, the Company’s current flagship product, equipped with Teledyne FLIR‘s Hadron 640R sensor, is designed to support U.S. military operations, public safety organizations, and U.S. government agencies in various environments.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) announces its participation in the 2024 SHOT Show to exhibit its man-portable Teal 2 drone solution. The drone, built by subsidiary Teal Drones, is designed to support U.S. military operations, public safety organizations, and U.S. government agencies. It is Blue UAS Certified, FAA Remote ID approved, and selected as one of two finalists in the Short Range Reconnaissance Tranche 2 Program of Record by the Department of Defense and the U.S. Army.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) endorses the passing of the American Security Drone Act (ASDA) as a major milestone for domestic drone companies and national security. The bipartisan act prevents the federal government from procuring drones from security threat countries, benefiting Red Cat's subsidiary Teal Drones and its domestic manufacturing efforts.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) reports Q2 financial results, with record revenues of almost $4 million, a 400% growth compared to the prior-year period. The company secured contracts with the U.S. Army, U.S. Customs and Border Protection, and a federal government agency, with a total value of approximately $5.2 million. Red Cat also raised $9.2 million in gross proceeds from an equity offering.
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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 $10.75 as of December 20, 2024.
What is the market cap of Red Cat Holdings (RCAT)?
The market cap of Red Cat Holdings (RCAT) is approximately 788.7M.
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.
Red Cat Holdings, Inc.
Nasdaq:RCAT
RCAT Rankings
RCAT Stock Data
788.69M
62.76M
21.19%
17.75%
6.93%
Computer Hardware
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United States of America
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