Story perspectives
Red Cat Holdings Misses Revenue Goals, Shares Plummet 7%
11/14/2025
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Story summary
- Red Cat Holdings Inc (NASDAQ:RCAT) reported third-quarter revenue of $9.65 million, falling short of analyst expectations of $16.68 million.
- The company incurred a loss of 16 cents per share, exceeding the anticipated loss of 10 cents.
- Despite a 646% year-over-year revenue increase, shares dropped 7.11% after hours.
- Red Cat revised its full-year revenue guidance to $34.5 million to $37.5 million, down from $80 million to $120 million.
- The company maintains a $35 million partnership with the U.S. Army and ended the quarter with $212.5 million in cash and receivables.
