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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. 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 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 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 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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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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Red Cat Holdings subsidiary Teal Drones receives second $2.6 million order for Teal 2 systems from US Defense Logistics Agency, bringing total orders to $5.2 million.
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Red Cat's military-grade drone, the Teal 2, receives Remote ID certification from the FAA, exceeding competing drones with its advanced technology. All UAS operating in the US airspace must be equipped with Remote ID by Sept. 16. Red Cat ensures no service interruption for customers by including Remote ID in all future Teal 2 systems and offering installations for previously manufactured units.
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Red Cat Holdings, Inc. announces Tough Stump Technologies as its primary training provider for customers including the U.S. Department of Defense. Tough Stump will also consult on ATAK app integration and testing of new product capabilities. Red Cat will support Tough Stump in expanding the Tough Stump Rodeo, a trade show and conference for mission-technology solutions. The Teal 2 drone, equipped with Teledyne FLIR's new Hadron 640R sensor, is now available for purchase through the U.S. government's GSA Advantage website.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) announces that its subsidiary Teal Drones has received a $2.6 million purchase order to supply 172 units of the Teal 2 sUAS to the U.S. Defense Logistics Agency. The order was sourced by Noble Supply & Logistics, LLC as part of the DLA's Special Operational Equipment Tailored Logistics Support Program, covering delivery of logistics support to federal agencies, military bases, and other DLA customers worldwide. The Teal 2 offers multi-vehicle control, artificial intelligence, and the highest-resolution night vision in its class, making it the world's leading sUAS for night operations.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) will present a corporate overview at the Canaccord Genuity 43rd Annual Growth Conference in Boston, MA. The presentation will be conducted by Jeffrey Thompson, the Chief Executive Officer, and will focus on the company's drone technology for military, government, and commercial operations.
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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 $7.3 as of November 21, 2024.
What is the market cap of Red Cat Holdings (RCAT)?
The market cap of Red Cat Holdings (RCAT) is approximately 573.1M.
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
573.14M
58.09M
21.2%
17.81%
6.79%
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