Welcome to our dedicated page for Red Cat Holdings news (Ticker: $RCAT), a resource for investors and traders seeking the latest updates and insights on Red Cat Holdings stock.
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.
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%
Tags
-
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) announces its participation in the 2024 SHOT Show to exhibit its man-portable Teal 2 drone solution. The drone, built by subsidiary Teal Drones, is designed to support U.S. military operations, public safety organizations, and U.S. government agencies. It is Blue UAS Certified, FAA Remote ID approved, and selected as one of two finalists in the Short Range Reconnaissance Tranche 2 Program of Record by the Department of Defense and the U.S. Army.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
-
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) endorses the passing of the American Security Drone Act (ASDA) as a major milestone for domestic drone companies and national security. The bipartisan act prevents the federal government from procuring drones from security threat countries, benefiting Red Cat's subsidiary Teal Drones and its domestic manufacturing efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.31%
Tags
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) reports Q2 financial results, with record revenues of almost $4 million, a 400% growth compared to the prior-year period. The company secured contracts with the U.S. Army, U.S. Customs and Border Protection, and a federal government agency, with a total value of approximately $5.2 million. Red Cat also raised $9.2 million in gross proceeds from an equity offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) announces Teal Drones has been selected by the Defense Innovation Unit (DIU) and the U.S. Army as a finalist in the Short Range Reconnaissance Tranche 2 (SRR T2) Program of Record, receiving $3 million in additional funding. Teal 2, the Company’s flagship product, is an affordable, man-portable sUAS designed to 'Dominate the Night™' with best-in-class night vision camera and artificial intelligence capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.54%
Tags
-
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) will report financial results for the second quarter of fiscal 2024 on Friday, December 15, 2023, after the market close. The company, a drone technology firm catering to military, government, and commercial operations, will host an earnings conference call at 4:30 p.m. ET to review financial results and provide an update on corporate developments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.73%
Tags
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) announced the closing of a public offering of 18,400,000 shares of its common stock, including 2,400,000 shares sold upon full exercise of the underwriter’s option to purchase additional shares, at a public offering price of $0.50 per share for gross proceeds of $9,200,000. The company intends to use the proceeds for general corporate purposes, working capital, and capital expenditures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.33%
Tags
-
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) announced the pricing of its underwritten public offering of 16,000,000 shares of its common stock at $0.50 per share, resulting in gross proceeds of $8,000,000. The company also granted the underwriters a 45-day option to purchase up to an additional 2,400,000 shares of common stock at the same price. The offering is expected to close on December 11, 2023, and the proceeds will be used for general corporate purposes, including working capital. ThinkEquity is acting as the sole book-running manager for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.63%
Tags
-
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) has announced an underwritten public offering to sell shares of its common stock. The offering is subject to market conditions and the company expects to use the proceeds for general corporate purposes, working capital, and capital expenditures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.63%
Tags
Rhea-AI Summary
Red Cat Holdings, Inc. (Nasdaq: RCAT) announces its participation in Expodefensa 2023 in Bogotá, showcasing its Teal 2 drone solution. The company aims to expand into the Latin America defense and security market, emphasizing the unique features and certifications of its Teal 2 drone, targeting government and private enterprise clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.04%
Tags
Red Cat Holdings, Inc.
Nasdaq:RCAT
RCAT Rankings
RCAT Stock Data
83.94M
43.12M
26.96%
20.32%
0.56%
Software Publishers
Information
United States of America
SAN JUAN
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.