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Red Cat Holdings Inc - RCAT STOCK NEWS

Welcome to our dedicated news page for Red Cat Holdings (Ticker: RCAT), a resource for investors and traders seeking the latest updates and insights on Red Cat Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Red Cat Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Red Cat Holdings's position in the market.

News
Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) partners with Sentien Robotics to enhance autonomous drone swarming operations for defense and security. The collaboration integrates Red Cat's Teal Drones with Sentien's Hive UAS management platforms, enabling continuous reconnaissance on enemy targets. Red Cat's battlefield-tested drones, coupled with Sentien's fleet handling capabilities, offer warfighters unprecedented tools for modern combat teams. The agreement aims to revolutionize warfare by providing tactical superiority through autonomous deployment and control of drone swarms across multiple domains.
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End-of-Day
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Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions
Rhea-AI Summary
Red Cat Holdings, Inc. (RCAT) partners with Ocean Power Technologies, Inc. (OPTT) to deploy Teal 2 Drones for maritime threat assessment. The collaboration aims to enhance maritime surveillance capabilities using autonomous vehicles for defense and security missions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
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Red Cat Announces $2.5 Million in Contract Awards for Two NATO Allied Countries
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) secures $2.5 million in new contract awards with two NATO allied countries to provide Teal 2 drone systems, training, and accessories for defense and security operations globally. The Company's American-made drones offer rapid reconnaissance and situational awareness, supporting U.S. and allied military operations. Red Cat's subsidiary, Teal Drones, manufactures the cost-effective Teal 2 platform, optimized for night-time use and approved by Blue UAS Certified and FAA Remote ID. The contracts highlight Red Cat's focus on expanding global sales and international business development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
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Red Cat Holdings Reports Financial Results for Fiscal Third Quarter 2024 and Provides Corporate Update
Rhea-AI Summary
Red Cat Holdings, Inc. (RCAT) reports record revenue in Fiscal Q3 2024 with $5.8 million, a 250% increase YoY. The company achieved double-digit sequential growth for the third consecutive quarter. Red Cat expanded globally, partnered with Primordial Labs for AI-driven technology, and received a $750k grant. Financially, the company closed the Consumer segment sale, resulting in $1 million cash, 4,250,000 UMAC shares, and a $2 million note payable to Red Cat. The company holds a strong funded backlog of $5.1 million and $12.7 million in combined Cash and Account Receivable balances as of January 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.41%
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earnings
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Retired Four-Star Army General Paul Edward Funk II Joins Red Cat’s Board of Directors
Rhea-AI Summary
Red Cat Holdings, Inc. (RCAT) announces General (R) Paul Edward Funk II joining its Board of Directors, bringing extensive leadership experience to drive growth in drone technology for military and commercial sectors.
Rhea-AI Impact
Rhea-AI Sentiment
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-5.06%
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Red Cat Holdings to Report Fiscal Third Quarter 2024 Financial Results and Provide Corporate Update on Monday, March 18, 2024
Rhea-AI Summary
Red Cat Holdings, Inc. (RCAT) to report Q3 fiscal 2024 financial results on March 18, 2024. The conference call will discuss financial performance and corporate updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.06%
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conferences earnings
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Red Cat Partners with Primordial Labs to Integrate AI-Driven Voice Control Technology into its Platform
Rhea-AI Summary
Red Cat Holdings, Inc. (RCAT) announces a partnership with Primordial Labs to integrate AI-driven voice control technology into its drone platform. The collaboration aims to enhance drone operators' control capabilities through natural language commands, positioning Teal 2 drones as leaders in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.64%
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Red Cat Reports Preliminary Record Revenue 16% Above Guidance for Third Quarter of Fiscal 2024 and Increases Guidance for Fourth Quarter 2024
Rhea-AI Summary
Red Cat Holdings, Inc. (RCAT) reports record revenue of $5.8 million for the fiscal third quarter of 2024, a 49% sequential increase. The current backlog stands at $5.1 million, the highest in company history. Revenue guidance for the fourth quarter is approximately $7 million, anticipating a 20% sequential increase. The CEO and CTO express optimism about the company's growth and the demand for their drone technology products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.55%
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earnings
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Red Cat Continues Global Expansion Efforts with Introduction to Middle East Market
Rhea-AI Summary
Red Cat Holdings, Inc. will showcase its Teal 2 drone platform at the World Defense Show in Saudi Arabia and participate in the 'Exploitation of Disruptive Technologies' panel. The company aims to expand its presence in the defense and security market in the Middle East, highlighting its capabilities and certifications. Teal 2, manufactured by Red Cat subsidiary Teal Drones, is designed to support military operations, public safety organizations, and government agencies, with features such as night vision camera, modular design, multi-vehicle control, and artificial intelligence capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.4%
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Red Cat Integrates Advanced AI Capabilities into Next-Generation Drone System for the U.S. Army’s Short Range Reconnaissance Program
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) announces integration of Teledyne FLIR’s Prism™ AI platform into its next generation drone for the U.S. Army’s Short Range Reconnaissance (SRR) Tranche 2 Program of Record. Teal Drones, a subsidiary of Red Cat, was selected as one of two finalists for the SRR program, aiming to provide small, rucksack-portable sUAS capabilities to Army platoons for enhanced situational awareness. Teal 2, the Company’s current flagship product, equipped with Teledyne FLIR‘s Hadron 640R sensor, is designed to support U.S. military operations, public safety organizations, and U.S. government agencies in various environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.38%
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AI
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Red Cat Holdings Inc

Nasdaq:RCAT

RCAT Rankings

#4174 Ranked by Market Cap
#3950 Ranked by Stock Gains
N/A Ranked by Dividends

RCAT Stock Data

65.36M
43.12M
26.96%
20.32%
0.56%
Software Publishers
Information
Link
US
Scottsdale

About RCAT

red cat is a leading provider of secure blockchain-based distributed storage, analytics and saas for the drone industry. through its innovative solutions and leadership, red cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots needed to become compliant with regulators. red cat’s success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place.