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Red Cat Holdings Inc   (RCAT)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $0.8799 $-0.01 -1.135%
Day's High: $0.9 Week Perf: 7.29 %
Day's Low: $ 0.86 30 Day Perf: 4.02 %
Volume (M): 180 52 Wk High: $ 1.47
Volume (M$): $ 158 52 Wk Avg: $0.89
Open: $0.90 52 Wk Low: $0.53



 Market Capitalization (Millions $) 49
 Shares Outstanding (Millions) 56
 Employees 70
 Revenues (TTM) (Millions $) 14
 Net Income (TTM) (Millions $) -28
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) 1

Red Cat Holdings Inc
Red Cat continues to focus on developing a range of complementary goods and services to support the drone industrys continuing growth and maturing in both the business and consumer market sectors. Our methodical acquisition approach seeks firms with cutting-edge product offerings, innovative drone platforms, and intellectual property. We anticipate that government clients, such as military, public safety, and infrastructure, will be our most important revenue drivers following the integration of Teal Drones.
These efforts including refining the establishment of Enterprise and Consumer segments in order to sharpen the Companys focus on the unique opportunities in each sector of the drone industry. The Enterprise segment is focused on opportunities in the commercial sector and the military. Enterprise is building the infrastructure to manage drone fleets, fly and provide services remotely, and navigate confined industrial interior spaces and dangerous military environments. The Consumer segment is focused on enthusiasts and hobbyists which are expected to increase as drones become more visible and useful in our daily lives. Consumer provides a growing revenue base, strong brand visibility for the Company, and is an excellent source of professional pilots.

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. Drones enable businesses to complete many tasks and solve problems more efficiently, quicker, and at a lower cost and risk than traditional methods. The Companys Teal and Skypersonic subsidiaries will operate in this segment. The core business theme for the Enterprise segment is "Remotely Flying Drones Anywhere."
We have accumulated an array of software solutions which are enabled by our hardware platform of intelligent drones and digital video link. We believe our ability to remotely fly drones anywhere provides our customers with a significant reduction in labor, travel, and training costs when compared with any other enterprise system on the market.
The Enterprise Segment plans to engage key products and services from the Consumer Segment to fulfill its mission. In addition to the Fat Shark data link, a roster of professional pilots will be sourced through the large social media presence and network of Rotor Riot.
Teal Drones
Teal anchors the Enterprise Segment and is expected to drive the segment's revenues in fiscal 2023 and beyond. Founded by Thiel Fellow, George Matus in 2015, the company's first products were its Sport and Teal One consumer drones, the first of their kind to be manufactured in the United States. A Utah-based operation, Teal has since migrated to the enterprise and government sectors based on its Golden Eagle, a U.S. Department of Defense government-approved drone designed for reconnaissance, public safety, and inspection applications.
After the U.S. Army banned its forces from using Chinese-made quadcopters due to security risks (the drones' radio controls are unencrypted and the devices could potentially capture and store sensitive information that could be passed to the Chinese government) the U.S. Department of Defense began developing its own alternatives under a defense program known as Blue sUAS.
Teal is redefining what unmanned systems can achieve, providing superior aerial surveillance and awareness for inspections and short-range reconnaissance. The Golden Eagle resembles a consumer quadcopter but is made to military standards with secure, encrypted communications and advanced computing. The Golden Eagle also carries a high-quality thermal imaging system made by FLIR, a subsidiary of Teledyne Technologies. Teals open and modular platform allows a critical mass of applications to be developed and integrated for next-generation capabilities. Partners actively integrating technologies with Teal include Autonodyne, Tomahawk Robotics, and DroneLink.


   Company Address: 15 Ave. Munoz Rivera San Juan 901
   Company Phone Number: 373-3228   Stock Exchange / Ticker: NASDAQ RCAT
   


Customers Net Income grew by RCAT's Customers Net Profit Margin grew to

3721.58 %

6.25 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
FRSX   -8.13%    
LHX   -2.82%    
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Product Service News

Red Cat Holdings Partners with Ocean Power Technologies to Enhance Maritime Surveillance Capabilities Using Teal 2 Drones

Published Tue, Apr 9 2024 12:01 PM UTC

Red Cat Holdings, a leading drone technology company, has recently announced a strategic partnership with Ocean Power Technologies (OPT), a prominent provider of low-carbon marine power and data solutions. This collaboration aims to integrate Teal 2 Drones, developed by Red Cat, with OPT's PowerBuoy and WAM-V platforms to bolster real-time assessment and mitigation of mariti...

Contract

Red Cat Holdings Inc. Soars with Impressive Revenue Growth and Expansion into NATO Allied Countries

Published Tue, Mar 26 2024 2:30 PM UTC

Red Cat Holdings Inc., a renowned provider of defense and security solutions, has recently secured contract awards worth $2.5 million from two NATO allied countries. The company will be equipping its new customers with top-of-the-line Teal 2 drones, along with training and accessories. These cutting-edge technologies will be utilized for defense and security operations world...

Red Cat Holdings Inc

Red Cat Holdings Inc. Skyrockets with 88.24% Revenue Surge in Q3 of 2024

Red Cat Holdings, Inc., a leading drone technology company, has reported record revenue for the company in the Fiscal Third Quarter of 2024. This marks the third consecutive quarter of double-digit sequential growth for Red Cat. The company's revenue rose strongly by 88.24% to $5.85 million from $3.11 million in the same reporting season a year prior. Sequentially, revenue surged by 48.77% from $3.93 million.
The strong revenue growth is a positive sign for Red Cat Holdings, especially considering that the company exceeded its sector peers on the revenue angle. While the rest of the Software & Programming sector expressed a 3.32% top-line elevation during the same period, Red Cat achieved significant growth, indicating its competitive advantage in the market.

Product Service News

Red Cat and Primordial Labs Collaborate to Elevate Drone Operations with AI-Driven Voice Control Technology

Published Wed, Feb 28 2024 1:00 PM UTC

Red Cat Partners with Primordial Labs to Integrate AI-Driven Voice Control Technology into its PlatformSAN JUAN, Puerto Rico, Feb. 28, 2024 - Red Cat Holdings, Inc. (Nasdaq: RCAT), a leading drone technology company specializing in robotic hardware and software for military, government, and commercial operations, has just announced an exciting partnership with Primordial Lab...

Product Service News

Red Cat Fuels Global Expansion: Takes Teal 2 Drone Platform to the Middle East and Latin America Markets

Published Fri, Feb 2 2024 1:15 PM UTC

In a recent statement, Red Cat revealed plans to showcase its flagship Teal 2 drone platform at the prestigious World Defense Show in Saudi Arabia. The Teal 2 drone platform is a disruptive piece of technology that epitomizes Red Cat's commitment to radically transform the drone industry. The Middle East, being one of the fastest-growing markets for defense technology, is un...






 

Red Cat Holdings Inc's Segments
 
 
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