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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.

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Red Cat Holdings to Present at the ThinkEquity Conference

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Red Cat Holdings to present corporate overview at ThinkEquity Conference
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Red Cat Holdings to Participate in Two October 2023 Conferences

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Red Cat Holdings, Inc. announces participation in two October 2023 conferences.
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Red Cat Holdings to Present at the LD Micro Main Event XVI

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Red Cat Holdings to present corporate overview at LD Micro Main Event XVI
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Red Cat Signs Contract with U.S. Customs and Border Protection for 106 Teal 2 Drone Systems 

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Red Cat Holdings' subsidiary, Teal Drones, has signed $1.8 million in contracts with U.S. Customs and Border Protection to provide Teal 2 systems to U.S. Border Patrol. The contract is part of a Blanket Purchase Agreement with a total estimated value of $90 million over five years. Red Cat CEO expects the Teal 2 revenue to accelerate, bringing the current backlog to over $7.5 million. The Teal 2 is designed to Dominate the Night™ and is equipped with Teledyne FLIR's new Hadron 640R sensor.
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Red Cat Holdings Reports Financial Results for Fiscal First Quarter 2024 and Provides Corporate Update

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Red Cat Holdings reports Q1 2024 financial results, including strong revenues and partnerships. Sale of Consumer segment expected to close in Q2. Teal 2 drone generates $2M in sales in first quarter. Enterprise segment expects record sales levels.
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Red Cat Holdings to Report Fiscal First Quarter 2024 Financial Results and Provide Corporate Update on Tuesday, September 19, 2023

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Red Cat Holdings, Inc. to report financial results for Q1 2024 on September 19, 2023 after market close. Earnings conference call to be held at 4:30 p.m. ET. Webcast and telephonic replay available.
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Red Cat, ESAero Announce Development Partnership

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Red Cat announces development partnership with ESAero for fast-tracked, customer-specific projects. ESAero's competencies in design and manufacturing, along with their secured facility, will enable collaboration on sensitive projects. First product of partnership is an ESAero-designed multi-battery charger for the Teal 2 sUAS. Teal 2 drone offers high-resolution thermal imaging and advanced surveillance technology. Red Cat to exhibit Teal 2 at DSAI trade show.
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Red Cat Holdings Announces Record Revenue for First Quarter of Fiscal 2024 and Provides Revenue Guidance for Fiscal Second and Third Quarters

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Red Cat Holdings announces strong revenue outlook and visibility with $1.75 million in Q1 revenue. Q2 revenue expected to be $3.0 million and Q3 revenue expected to be $5.0 million. $6 million in signed purchase orders support current outlook. Teal 2 product drives sales growth. Anticipates additional purchase orders in next 45 days. Expects $20 million revenue run-rate next quarter. Positioned for opportunities in Department of Defense's Replicator Initiative.
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Red Cat Holdings to Present at the H.C. Wainwright 25th Annual Global Investment Conference

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Red Cat Holdings to present corporate overview at H.C. Wainwright conference and provide update on $5.2M contract awards with U.S. Air Force Security Forces.
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Sen. Mitt Romney Visits Red Cat Subsidiary Teal Drones to Discuss Support for U.S. Drone Industry

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Utah Sen. Mitt Romney tours Red Cat subsidiary Teal Drones to learn about U.S.-made drone manufacturing. He co-sponsors the American Security Drone Act of 2023 to strengthen national security. Chinese drone manufacturers dominate the industry due to government subsidization, creating dependency and data-flow risks.
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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.

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Red Cat Holdings, Inc.

Nasdaq:RCAT

RCAT Rankings

#2726 Ranked by Market Cap
N/A Ranked by Dividends

RCAT Stock Data

788.69M
62.76M
21.19%
17.75%
6.93%
Computer Hardware
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