Red Cat Holdings

Red Cat Holdings, Inc. provides products, services and solutions to the drone industry. It also engages in the provision of distributed data storage, analytics and services for the drone industry.The firm product include Dronebox, which is a blockchain technology that records, stores and analyzes flight data and information from a drone. It operates through the following segments: Enterprise and Consumer segments. The Enterprise Segment will focus on developing a hardware enabled software platform of services and solutions to government and commercial enterprises and the military. The company was founded by Jeffrey M. Thompson in February 1984 and is headquartered in San Juan, Puerto Rico.

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Red Cat Holdings achieves record revenue growth and strategic expansion

Red Cat Holdings (RCAT) delivered exceptional financial performance in Q4 2024, driven by revenue growth and strategic initiatives to expand its product portfolio and capabilities.
While facing challenges related to pending matters and market competition, the company's strong financial position, partnerships, and growth opportunities position it well for the future.
By focusing on innovation, strategic acquisitions, and operational efficiency, Red Cat is poised to capitalize on emerging trends in the drone industry and sustain its growth momentum.

Red Cat Holdings reports record revenue and forecasts strong growth

Red Cat Holdings (RCAT) delivered robust Q1 2025 results with record revenue and product expansion, signaling growth potential.
While facing challenges such as contract delays and operational efficiency, Red Cat's strong backlog and revenue outlook offer optimism.
The company's strategic focus on defense sector needs and transition to a calendar year bode well for future performance and transparency.

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Red Cat Holdings, Inc. provides products, services and solutions to the drone industry. It also engages in the provision of distributed data storage, analytics and services for the drone industry.The firm product include Dronebox, which is a blockchain technology that records, stores and analyzes flight data and information from a drone. It operates through the Enterprise Segment. The Enterprise Segment will focus on developing a hardware enabled software platform of services and solutions to government and commercial enterprises and the military. The company was founded by Jeffrey M. Thompson in February 1984 and is headquartered in San Juan, Puerto Rico.

HUMACAO, Puerto Rico, Aug. 12, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or "Company"), a hardware-enabled software provider to the drone industry, reports its financial results for the fiscal year ended April 30, 2021, and provides a business update: Revenues for the fiscal year ended April 30, 2021, were approximately $5.0 million, representing a more than ten-fold increase compared to approximately $0.4 million for the fiscal year ended April 30, 2020 Adjusted Net loss for the fiscal year ended April 30, 2021, which excludes non-cash charges associated with derivative liabilities, stock-based compensation, and the amortization of debt discount, was approximately $1.6 million, as compared to an adjusted net loss of $1.3 million for the fiscal year ended April 30, 2020 Common Stock financings in May and July 2021 raised $76 million in gross proceeds "We are pleased to report only a relatively modest increase in our adjusted net loss even while closing and integrating three acquisitions during the 16-month period through April 30, 2021," stated Joseph Hernon, Chief Financial Officer.  "Our recent capital raises totaling gross proceeds of $76 million have strengthened our financial position, and we are well funded to execute on our growth initiatives.

Red Cat Holdings Reports Record Annual Revenues

HUMACAO, Puerto Rico, Aug. 10, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a hardware enabled software provider to the drone industry, announced that it will report fiscal year end financial results on Thursday, August 12, 2021 at 4 p.m. Eastern Time.

Red Cat Holdings to Release Fiscal Year End Financial Results on Thursday, August 12, 2021

HUMACAO, Puerto Rico, July 21, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (NASDAQ: RCAT) ("Red Cat" or the "Company") a technology provider to the drone industry, today announced the closing of its underwritten public offering of 13,333,334 shares of its common stock at a public offering price of $4.50 per share, for gross proceeds of approximately $60,000,000, before deducting underwriting discounts, commissions and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 2,000,000 shares of common stock to cover over-allotments at the offering price, less the underwriting discount.

Red Cat Holdings, Inc. Announces Closing of Public Offering

The stock price of Red Cat Holdings Inc (NASDAQ: RCAT) fell by over 35% pre-market. This is why it happened.

RCAT Stock Fell Over 35% Pre-Market: Why It Happened

Drone technology provider Red Cat Holdings Inc (NASDAQ: RCAT) priced 13.33 million shares at $4.5 per share to raise $60 million in a secondary public offering. The offer price implies a 36.6% discount to the company's Friday closing price of $7.1.

Red Cat Raises $60M Via Secondary Equity Offering At 37% Discount

Red Cat (RCAT) stock is rocketing higher on Tuesday thanks to news that it's acquiring Teal Drones for an undisclosed sum. The post RCAT Stock: The Huge News That Has Red Cat Skyrocketing Today appeared first on InvestorPlace.

RCAT Stock: The Huge News That Has Red Cat Skyrocketing Today

The stock price of Red Cat Holdings Inc (NASDAQ: RCAT) increased by over 104% during intraday trading. This is why it happened.

RCAT Stock Increases Over 104% Intraday: Why It Happened

Drone technology provider Red Cat Holdings Inc (NASDAQ: RCAT) agreed to acquire Teal Drones, an automated aerial vehicle technology firm.  The financial terms of the transaction remain undisclosed.

Red Cat Holdings To Acquire Teal Drones For Undisclosed Sum

HUMACAO, Puerto Rico, July 13, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a technology provider to the drone industry, announced today that it has signed a definitive agreement to acquire Teal Drones, a leader in commercial and government unmanned aerial vehicle technology. The all-stock transaction will add Teal Drones to Red Cat's portfolio and strengthen the group's spectrum of offerings across North America.

Red Cat Holdings to Acquire Teal Drones

HUMACAO, Puerto Rico, June 16, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a hardware enabled software provider to the drone industry, announced that the core business strategy for its Enterprise segment would be "Remotely Flying Drones Anywhere." This strategy reflects a further leadership decision by Dr. Allan Evans, its newly appointed Chief Operating Officer.

"Remotely Flying Drones Anywhere" is Defined as the Core Business Strategy for the Enterprise Segment of Red Cat Holdings

HUMACAO, Puerto Rico, June 9, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a hardware enabled software provider to the drone industry, announced that it was establishing Enterprise and Consumer segments in order to sharpen the Company's focus on the unique opportunities in each sector of the drone industry. This development represents the first action taken by the Company's newly appointed Chief Operating Officer, Dr. Allan Evans.

Red Cat Structures Drone Business into Enterprise and Consumer Segments

HUMACAO, Puerto Rico, June 8, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a hardware enabled software provider to the drone industry, announced that it has been selected to join the Russell Microcap® Index at the conclusion of the 2021 annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted by FTSE Russell on Friday, June 4, 2021. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.

Red Cat Holdings set to join Russell Microcap® Index in June 2021

HUMACAO, Puerto Rico, June 4, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat'' or the "Company"), a hardware enabled software provider to the drone industry, announced that Dr. Allan Evans, Chief Executive Officer of Fat Shark Holdings, Ltd. ("Fat Shark"), a wholly owned subsidiary, will transition to the role of Chief Operating Officer of Red Cat, where he will oversee operations for all four subsidiaries.

Red Cat Holdings Announces Appointment Of Allan Evans As Chief Operating Officer

HUMACAO, Puerto Rico, May 25, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a hardware enabled software provider to the drone industry, announced that its Chief Executive Officer, Jeff Thompson, will ring the Nasdaq Closing Bell on Wednesday May 26, 2021 in celebration of Red Cat's recent listing on Nasdaq. The ceremony will begin at 3:45 PM EST in Nasdaq's broadcast studio and can be viewed live at https://www.nasdaq.com/marketsite/bell-ringing-ceremony "We are honored to be a part of the closing bell ceremony to celebrate our listing on Nasdaq," stated Mr.

Red Cat Holdings to Ring Closing Bell of Nasdaq Stock Market on May 26, 2021

HUMACAO, Puerto Rico, May 11, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a hardware enabled software provider, closed the acquisition of Skypersonic which enables drones to "Fly Anywhere" and "Inspect the Impossible".  Its Skyloc software system allows a drone to complete inspection services in locations where GPS is not available, yet still record and transmit inspection data even while being operated from thousands of miles away.

Red Cat Completes Skypersonic Acquisition

HUMACAO, Puerto Rico, May 5, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (NASDAQ: RCAT) ("Red Cat" or the "Company"), a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire LuGus Studios, the developer of Liftoff, a flight simulation platform for drone pilot training. Liftoff enables student pilots to test and learn how to fly drones in a simulated environment without the cost and risk of flying a real drone.

Red Cat Holdings Signs Letter of Intent To Acquire LuGus Studios

HUMACAO, Puerto Rico, May 4, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a leading brand in the drone industry, today announced the closing of its underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of $16,000,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.

Red Cat Holdings Announces Closing of $16 Million Public Offering and Nasdaq Listing

The stock price of Red Cat Holdings, Inc. (Nasdaq: RCAT) fell from $5.08 to under $4.10 pre-market. This is why it happened.

RCAT Stock: From $5.08 To Under $4.10 Pre-Market Explanation

HUMACAO, Puerto Rico, April 29, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a leading brand in the drone industry, today announced the pricing of its underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of $16,000,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.

Red Cat Holdings Announces Pricing of $16 Million Public Offering and Nasdaq Listing

HUMACAO, Puerto Rico, April 12, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (OTCQB:RCAT), a leading brand in the drone industry, reports that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,877,162 on December 29, 2020 to Skypersonic Inc. Red Cat previously announced the signing of a definitive agreement to acquire Skypersonic in February 2021 and expects to close the transaction in April.

Red Cat Holdings Announces Issuance Of U.S. Patent On Drone Positioning System

HUMACAO, Puerto Rico, April 6, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (OTCQB: RCAT)  ("Red Cat" or the "Company"), a leading brand in the drone industry, reviewed its recently reported financial results for its fiscal third quarter which included record quarterly revenues. "We are pleased to report record quarterly revenues exceeding $2 million for our fiscal third quarter driven by the first full quarterly contribution from our Fat Shark subsidiary which was acquired in November 2020," stated Jeffrey Thompson, Chief Executive Officer.

Red Cat Reports Record Revenues For Fiscal Third Quarter

Red Cat Holdings has filed to raise $20 million in a Nasdaq uplisting IPO, although the final figure may vary. The firm sells drone products and services for racers and to industry.

Red Cat Holdings Starts Nasdaq IPO Uplisting Effort

ORLANDO, Fla., Feb. 26, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (OTCQB: RCAT) ("Red Cat" or the "Company"), a leading brand in the drone industry, announced that its wholly owned subsidiary, Fat Shark Holdings, has received notice that the US Patent Office has approved its patent...

Red Cat Receives Notice of Patent Issuance Supporting Commercial Product Portfolio

Red Cat Holdings, Inc. (OTC: RCAT) inked an agreement to acquire drone products and software solutions provider Skypersonic, Inc. The financial terms of the acquisition remain undisclosed.

Red Cat To Acquire Drone Company Skypersonic

ORLANDO, Fla., Jan. 25, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (OTCQB: RCAT) ("Red Cat"), announced the signing of a letter of intent to acquire Skypersonic Inc., a provider of drone products and software solutions. Skyloc is a stand-alone, real time, software monitoring system which...

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