Red Cat Hldgs Inc Stock Price, News & Analysis

Red Cat Holdings, Inc. (Nasdaq: RCAT) announced that CEO Jeff Thompson will present at the MicroCap Rodeo Winter Wonderland Best Ideas Virtual Investor Conference from February 8 to 11, 2022. His presentation is scheduled for February 8 at 12:30 PM ET. Attendees can participate in one-on-one meetings with him on February 10 and 11, 2022. Red Cat Holdings provides drone-based solutions across various sectors. For more information or to arrange meetings, interested parties can email angie.wright@issuerdirect.com.

Red Cat Holdings, Inc. (Nasdaq: RCAT) announced that its subsidiary, Teal Drones, secured a firm-fixed-price blanket purchase agreement worth up to $90 million with U.S. Customs and Border Protection. This contract allows for ordering unmanned aircraft systems over a 5-year period, enhancing operational capabilities for Homeland Security. CEO Jeff Thompson highlighted the significance of this achievement and the potential for U.S.-made drone solutions under current government mandates. Teal Drones operates from a new 26,000-square foot facility in Salt Lake City, supporting various drone applications.

Red Cat Holdings, Inc. (Nasdaq: RCAT) reported significant financial growth for the fiscal quarter ending October 31, 2021. Revenues surged over 300% year-over-year to approximately $1.9 million, with a cash reserve of $60 million. However, adjusted net losses rose to about $3 million, up from $640,000 the previous year. The company highlighted the acquisition of Teal Drones, which is expected to enhance revenue through military contracts and new manufacturing capabilities. The federal infrastructure bill further presents growth opportunities.

Red Cat Holdings, Inc. (Nasdaq: RCAT) will release its fiscal second quarter 2022 financial results after the market closes on December 20, 2021. The report covers the quarter ended October 31, 2021. Following the results, CEO Jeff Thompson and CFO Joseph Hernon will host an earnings conference call at 5:00 PM ET on the same day, allowing for a Q&A session. Investors can listen via phone or webcast. Red Cat Holdings specializes in drone industry solutions through subsidiaries like Fat Shark and Rotor Riot, enhancing their market presence.

Red Cat Holdings, Inc. (Nasdaq: RCAT) will present a corporate overview at the Q4 Investor Summit Conference on November 16-17, 2021. CEO Jeffrey Thompson's presentation is scheduled for November 16 at 3:30 PM ET, where he will discuss the infrastructure bill's potential impact on the drone industry and the company's benefits from it. Attendees can register HERE.

Red Cat Holdings (Nasdaq: RCAT) anticipates significant opportunities from the recently passed infrastructure bill, which allocates over $280 billion for essential programs. With existing government relationships via its subsidiaries, Teal Drones and Skypersonic, the company aims to expand its role in infrastructure projects, especially in drone inspection services. Additionally, Congress is debating $50 million for the 'Drone Infrastructure Inspection Grant Act' for 2022 and 2023, enhancing funding for drone uses. CEO Jeff Thompson highlights the potential contracts and services aligned with U.S. government needs.

Red Cat Holdings, Inc. (Nasdaq: RCAT) has announced the opening of its new manufacturing facility for TEAL Drones in Salt Lake City, Utah, following its recent acquisition of Teal Drones. This 13,000+ square foot facility focuses on quality standards and aims to scale operations rapidly. The factory is currently operational, with plans for increased automation and fulfillment of orders. CEO Jeffrey Thompson highlighted the facility's potential to transform the drone industry.

Red Cat Holdings, Inc. (Nasdaq: RCAT) will present a corporate overview at the Dawson James 6th Annual Small Cap Growth Conference on October 21, 2021, at 1:35 PM ET, in Jupiter, FL. CEO Jeffrey Thompson is slated to discuss the company's strategic direction and will also be available for one-on-one meetings. A live webcast of the presentation will be accessible on the company's Investor Relations Calendar. Red Cat provides innovative solutions to the drone industry through its subsidiaries, enhancing its position in the market.

Red Cat Holdings, Inc. (Nasdaq: RCAT) announced that CEO Jeffrey Thompson will present virtually at The Microcap Rodeo Fall Harvest Best Ideas Conference on October 5, 2021, at 1:30 PM ET. Following the presentation, Mr. Thompson will be available for one-on-one meetings on October 7 and October 8. Interested parties can schedule a meeting by emailing Angie.Goertz@issuerdirect.com. Red Cat, a drone industry service provider, operates through subsidiaries specializing in FPV products, drone sales, inspection solutions, and flight data analytics.