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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. 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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Red Cat Holdings, Inc. (Nasdaq: RCAT) announces Teal Drones has been selected by the Defense Innovation Unit (DIU) and the U.S. Army as a finalist in the Short Range Reconnaissance Tranche 2 (SRR T2) Program of Record, receiving $3 million in additional funding. Teal 2, the Company’s flagship product, is an affordable, man-portable sUAS designed to 'Dominate the Night™' with best-in-class night vision camera and artificial intelligence capabilities.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) will report financial results for the second quarter of fiscal 2024 on Friday, December 15, 2023, after the market close. The company, a drone technology firm catering to military, government, and commercial operations, will host an earnings conference call at 4:30 p.m. ET to review financial results and provide an update on corporate developments.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) announced the closing of a public offering of 18,400,000 shares of its common stock, including 2,400,000 shares sold upon full exercise of the underwriter’s option to purchase additional shares, at a public offering price of $0.50 per share for gross proceeds of $9,200,000. The company intends to use the proceeds for general corporate purposes, working capital, and capital expenditures.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) announced the pricing of its underwritten public offering of 16,000,000 shares of its common stock at $0.50 per share, resulting in gross proceeds of $8,000,000. The company also granted the underwriters a 45-day option to purchase up to an additional 2,400,000 shares of common stock at the same price. The offering is expected to close on December 11, 2023, and the proceeds will be used for general corporate purposes, including working capital. ThinkEquity is acting as the sole book-running manager for the offering.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) has announced an underwritten public offering to sell shares of its common stock. The offering is subject to market conditions and the company expects to use the proceeds for general corporate purposes, working capital, and capital expenditures.
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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.
Red Cat Holdings, Inc.
Nasdaq:RCAT
RCAT Rankings
RCAT Stock Data
493.18M
58.09M
21.2%
17.81%
6.79%
Computer Hardware
Services-prepackaged Software
United States of America
SAN JUAN