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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 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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Red Cat Holdings reports financial results for fiscal year 2023 and provides business update. Recent highlights include the launch of the Teal 2 military-grade drone, completion of manufacturing facility, and increases in prototype development contract. Fiscal year 2023 revenues increased by 54% to $9.9 million. Teal 2 now available for purchase through U.S. Government’s GSA Advantage website.
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Red Cat Holdings, Inc. (Nasdaq: RCAT) Announces Earnings Conference Call to Discuss Fiscal Year-End 2023 Financial Results and Corporate Developments
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Red Cat Holdings announces that its subsidiary Teal Drones has secured an additional $1.2 million to continue developing a new sUAS prototype for the U.S. Army's Short Range Reconnaissance program. Teal is one of three vendors competing in the final tranche of the program. The prototype will provide Army platoons with a rapidly deployable surveillance and reconnaissance capability.
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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
Services-prepackaged Software
United States of America
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