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Red Cat Holdings Inc

Red Cat Holdings Inc (RCAT)

1.535
0.075
( 5.14% )
Updated: 10:02:01

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Key stats and details

Current Price
1.535
Bid
1.53
Ask
1.54
Volume
302,771
1.4101 Day's Range 1.5499
0.525 52 Week Range 1.60
Market Cap
Previous Close
1.46
Open
1.47
Last Trade
100
@
1.535
Last Trade Time
10:02:01
Financial Volume
$ 451,751
VWAP
1.4921
Average Volume (3m)
525,518
Shares Outstanding
74,162,655
Dividend Yield
-
PE Ratio
-3.94
Earnings Per Share (EPS)
-0.37
Revenue
9.91M
Net Profit
-27.09M

About Red Cat Holdings Inc

Red Cat is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to beco... Red Cat is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to become compliant with regulations. Red Cat's success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visit www.redcatpropware.com. Show more

Sector
Prepackaged Software
Industry
Prepackaged Software
Headquarters
Carson City, Nevada, USA
Founded
1970
Red Cat Holdings Inc is listed in the Prepackaged Software sector of the NASDAQ with ticker RCAT. The last closing price for Red Cat was $1.46. Over the last year, Red Cat shares have traded in a share price range of $ 0.525 to $ 1.60.

Red Cat currently has 74,162,655 shares outstanding. The market capitalization of Red Cat is $106.79 million. Red Cat has a price to earnings ratio (PE ratio) of -3.94.

RCAT Latest News

Red Cat Successfully Passes Field Testing with Doodle Labs Against Electronic Warfare Technology in Ukraine

SAN JUAN, Puerto Rico, April 25, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat"), a drone technology company integrating robotic hardware and software for military...

Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations

SAN JUAN, Puerto Rico, April 18, 2024 (GLOBE NEWSWIRE) --  Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military...

Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions

SAN JUAN, Puerto Rico, April 09, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military...

Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions

MONROE TOWNSHIP, N.J., April 08, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon...

Red Cat Announces $2.5 Million in Contract Awards for Two NATO Allied Countries

SAN JUAN, Puerto Rico, March 26, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software...

Red Cat Holdings Reports Financial Results for Fiscal Third Quarter 2024 and Provides Corporate Update

SAN JUAN, Puerto Rico, March 18, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for...

Retired Four-Star Army General Paul Edward Funk II Joins Red Cat’s Board of Directors

SAN JUAN, Puerto Rico, March 15, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT), a drone technology company integrating robotic hardware and software for military, government...

Red Cat Holdings to Report Fiscal Third Quarter 2024 Financial Results and Provide Corporate Update on Monday, March 18, 2024

SAN JUAN, Puerto Rico, March 14, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.47544.81132075471.061.60.9917219311.41008077CS
40.77100.6535947710.7651.60.75111608481.22775401CS
120.87130.8270676690.6651.60.56255255181.09089065CS
260.585561.66403370190.94951.60.5253987620.94166471CS
520.68580.58823529410.851.60.5253711281.02701002CS
156-2.755-64.21911421914.297.460.52511917113.08532837CS
260-2.755-64.21911421914.297.460.52511917113.08532837CS

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RCAT Discussion

View Posts
Monksdream Monksdream 2 days ago
RCAT new 52 hi
👍️0
porkypigg porkypigg 1 week ago
BUY these dips, it won't stay down for long.
$ RCAT
👍️0
Nelson2 Nelson2 1 week ago
BUY,BUY,BUY!

“Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations

GLTA
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porkypigg porkypigg 1 week ago
$ 1 ????? we headed to $ 2 dollars now. hehehehehe
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porkypigg porkypigg 1 week ago
$ 2 dollars UP next !! RCAT $$$
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porkypigg porkypigg 1 week ago
8 more days above $ 1 , and we're nasdaq $$$$$$$
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porkypigg porkypigg 1 week ago
RCAT -this kitten has claws !!!!
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Nelson2 Nelson2 2 weeks ago
I wonder how much time we have to get it over $1 before NASDAQ delists?

GLTA
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nickmerck nickmerck 1 month ago
I've been saying this for years, but the bag holders in here just won't comprehend. Fine for me, I've shorted from the very start and I've exited my position several times and re-entered after the press releases that lured in even bigger idiots. Part of why posting here is so much fun.

To be honest, I still hope that this kind of theft is going to be brought to justice, especially since it's so brazen and tax payer funds are involved now. Something should be done eventually - one can only hope.
👍️0
Monksdream Monksdream 1 month ago
Excellent appraisal of a nano cap company that appears to be in business simply to enrich four or five guys, not all that unusual when it comes to third tier Nasdaq companies
There are literally hundreds of them
Patrick Boyle calls them zombie companies, and he’s not the only observer of corporations who has used zombie to describe money losing companies continually borrow money al less than favorable terms to remain operable
The bull market, which began in November 2022, hasn’t yet trickled down to the nano cap micro cap and very small cap sectors the way it has for mega cap giant cap large cap and mid cap sectors
A case in point: Curtis-Wright (CW) is a mature small to mid cap company
i didn’t purchase some shares in 2022, but I did buy in 2023 as the stock was making new 52 week highs
So let’s do a three year comparison to demonstrate how, in my opinion, the smart money is deploying its capital
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nickmerck nickmerck 1 month ago
After reading this 10Q I'm wondering at which point the participants will be arrested for theft. Consumer segment has 1.1M of revenue and 1.7M cost of goods sold? 100k of marketing a month? So they were basically stealing about 0.5M a month from operations, because a trading business doesn't buy higher than they sell goods for, so they are overcharging themselves and sifting off cash. And a YouTube channel of their scale doesn't cost 100k a month to run.

And that's just the consumer business ("discontinued operations"). The ongoing operations are trying to make you believe that a $15'000 drone costs $12'000 to make (comparable systems are sold at BestBuy for less than $1000).

Despite all of that, they're also paying out stock based compensations to the tune of $3M a year. It's just laughable. Can't wait for the next pump to short this piece of trash on the way down again. $0.8 is still a $0.9 premium
👍️0
Monksdream Monksdream 1 month ago
RCAT 10Q due 3/18
👍️0
nickmerck nickmerck 2 months ago
Amazon re-invested in the business, RCAT into executive compensation. Amazon's marginal cost structure improved with growing revenue, RCAT's marginal cost is getting worse. It doesn't take a genius to figure out the reasons behind it, or the future trajectory. RCAT got a life-line with the current environment, but that will run out and then the stock will completely unwind.

The people inside the company know this, which is why they're selling everything they can and pulling as much capital out of the company as possible, while pumping the stock with PRs such as the one yesterday.

You don't actually have to over-analyze this. Just look at the fundamentals: A company that was formed through a reverse-merger bought several drone companies while bringing no value to the table (they used your money for it after all). All acquisitions were advertised as strategic and visionary to some combined benefit and all but one have since either unwound, closed down or passed on to another company. Meanwhile the owners exited with plenty of cash which the stock paid for (and continues to pay for) by decreasing in value.

And you're here telling me some story about increasing revenues and making comparisons to Amazon ... just like the owners, with the exception that you're not in on the gravy train but funding it :)
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Nelson2 Nelson2 2 months ago
Yes but Nick. Give me revenue increase everything else will follow. Remember the early days of Amazon. Takes time mate

GLTU
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nickmerck nickmerck 2 months ago
they still aren't making money. notice how they only mentioned revenue?

profit is still basically zero, so no matter how much revenue increases, they're still treading water while paying themselves millions and diluting shares.
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Nelson2 Nelson2 2 months ago
News like that and we’re not $1?????

WTF!

GLTA
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nickmerck nickmerck 4 months ago
I've been telling you something is going on for years. They are slowly divesting of their company ownership on your dime. It's a slow-motion rug-pull :)
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nickmerck nickmerck 4 months ago
... based on the news of acquisition of a company that they're now desperately trying to get rid of.
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Lfrye Lfrye 4 months ago
Oh Nick! We’ve been friends longer than those figures, silly. Remember when RCAT went from .86 to 7.50? Those were the days! You haven’t forgotten? I haven’t. Anyways, I wish you a Merry Christmas! I hope you’re not just a bot :)
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Nelson2 Nelson2 4 months ago
You can’t tell me something is not going on here!

GLTA
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nickmerck nickmerck 4 months ago
You know you've been saying that at $2, $1.50, $1 and now $0.5. Ironically, the owners are cashing out rapidly to the tune of several million dollars each quarter. They don't seem to agree with you :)
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Lfrye Lfrye 4 months ago
Soon, very soon. Don’t worry Nick :) A silent bag holder, but I’m still here :) Great time to buy!
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nickmerck nickmerck 4 months ago
'tis but a scratch, eh? :)
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Nelson2 Nelson2 4 months ago
NO, but suddenly the rocket is stationed on the pad

GLTA
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nickmerck nickmerck 5 months ago
Are we there yet? :)
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nickmerck nickmerck 5 months ago
It was obvious from the start, but nobody believed it. The silence by bullish bagholders is deafening :)
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Nelson2 Nelson2 5 months ago
.50 less related commissions and expenses!?
They should offer free ass wipe for that arse!
Good grief. Can you spell d-e-s-p-e-r-a-t-e?

I took it up the brown eye here

👍️0
BooDog BooDog 5 months ago
Wow, almost a 50% discount with the offering @ .50. Who's brilliant idea was it to shoot themselves in the arse!??

Saw the dip and was thinkin this might be good for a dead cat bounce...

nope. Not for me anyway.

https://www.globenewswire.com/news-release/2023/12/07/2792183/0/en/Red-Cat-Holdings-Inc-Announces-Pricing-of-Public-Offering.html
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nickmerck nickmerck 5 months ago
Can't say this is surprising. Is it too early for a victory lap? In magic, we call this one the prestige.
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nickmerck nickmerck 6 months ago
don't worry, there will be more press releases about nothing. they need to get it over $1 or they'll be delisted soon.
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Nelson2 Nelson2 6 months ago
With the grant and excellent report that was it!?
Pfffttt! Good grief. What will it take

GLTA
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Nelson2 Nelson2 6 months ago
YES!

Red Cat Subsidiary Teal Drones Selected for $750K Manufacturing Modernization Grant from State of Utah

GLTA
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Nelson2 Nelson2 6 months ago
We should get a jump today after thst quarterly! $$$

GLTA
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nickmerck nickmerck 6 months ago
Do you guys think the impeding NASDAQ deficiency notice is the reason for the recent rally? Or is the price manipulation not yet obvious to everyone.
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nickmerck nickmerck 7 months ago
The owners have the least to lose. That's what "going public" means - you sell the company at a multiple. It's also called "taking skin out of the game" or "taking money off the table".

Going public makes sense to the investors when your capital requirements exceed your cashflow, due to rapid growth - they get rewarded for providing the risk capital. The owners have enough money to fund growth themselves, but they're not. I wonder why that is?

On top of that, you're not seeing any growth, are you? So, where is all that money going? It's going into bonuses & salaries. Seems that the owners and I are in agreement: the companies have run their course, and the best way for them to make money is to leverage the hot news of the day to look for more greater fools to pay themselves insane bonus packages by overpaying for product, overpaying salaries, overpaying for other daily operations and - last but not least - selling shares. It's how government contractors and corrupt government officials typically make money, just in this case it's the investor that's getting fleeced instead of taxpayers.

Anyway, all of this is probably going over your head. In the meantime, enjoy watching the ticker go down, down, down.
👍️0
Lfrye Lfrye 8 months ago
We agree! Yes! Not so excited about agreeing with “The Joker” but, I have “The Penguin” as a Senator so “What the heck”! As for the owners…I like to let “owners” be “owners” lol! They have the most to lose. You know, if you run down a hill, and stop in the middle, anything bigger than you has to keep going, lol! Always better to stay small. Have a great night!
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nickmerck nickmerck 8 months ago
As The Joker once said: "It's not about the money". By the way, in case you missed it, the owners are selling again - good signs for sure!
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Lfrye Lfrye 8 months ago
That was funny, Nick! You are getting good! Sorry my response is late. These dang NY giants! Can’t seem to shake them lol! Don’t worry about any cash transfers from me…too small of an amount to interest you :) ta ta
👍️0
HoldEm777 HoldEm777 8 months ago
A lot of recent activity so I say it will be a while.
https://fintel.io/so/us/rcat
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nickmerck nickmerck 8 months ago
I don't know what's more surprising - Prigozhin having an accident, or RCAT returning below $1.00. Any bets on when the delisting happens?
👍️0
HoldEm777 HoldEm777 8 months ago
Send it…. Lmao
👍️0
nickmerck nickmerck 9 months ago
oh dear, that ER though ... :)

9.8M in sales on goods that cost 10M, while using up an additional 27M to produce those sales. What a business ... LOL
👍️0
nickmerck nickmerck 9 months ago
To tell you the truth, I can't complain. My concern is just how this friendship will progress once all your cash has moved to my account :)
👍️0
Lfrye Lfrye 10 months ago
Ha ha! Here I am thinking we have such a delightful friendship! ??
👍️0
Lfrye Lfrye 10 months ago
Ha ha! Here I am thinking we have such a delightful friendship! ??
👍️0
nickmerck nickmerck 10 months ago
You have a very unhealthy obsession with shortsellers... It's clouding your judgement. Down 10% today, I guess you'll need to wait for the next pumpy press-release to celebrate again :)
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nickmerck nickmerck 10 months ago
I will surely take financial advice from the person that just lost 10%, and will be down 30% before the week is over.
👍️0
Lfrye Lfrye 10 months ago
Lol! More like insider shorting! I’m a long term investor, I don’t bother myself too much with the day to day penny pinchers. I simply reached out in remembrance of a certain conversation we had…hoped you remembered too! Alas, Nick! You’re just not any fun! It’s ok, I like you anyway :)
👍️0
reena969 reena969 10 months ago
I'm not an insider, however I took a position yesterday. If your Shorting you might want to consider covering.

Happy Trading
👍️0
nickmerck nickmerck 10 months ago
If I was you, I'd think about who bought into the close yesterday and consider why clear-as-day insider-buying is happening on such a low-volume stock, and what will happen when (not if) the FTC starts looking into this.

Oh, and wake me up when they actually post good quarterly results. Until then, this stock is still down 75% from the reverse merger price, and will continue to go down notwithstanding shot-term pump-and-dump and insider trading games.
👍️0

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