Red Cat (NASDAQ:RCAT) Announces Earnings Results

Red Cat (NASDAQ:RCAT) posted its earnings results on Monday. The company reported ($0.18) earnings per share for the quarter, Zacks reports. Red Cat had a negative return on equity of 66.19% and a negative net margin of 162.50%. Red Cat updated its FY 2025 guidance to EPS.

Red Cat Stock Performance

RCAT stock traded up $2.22 during trading on Monday, reaching $10.45. 46,982,078 shares of the company traded hands, compared to its average volume of 1,781,354. The business has a 50 day simple moving average of $5.27 and a 200 day simple moving average of $3.21. Red Cat has a 12 month low of $0.56 and a 12 month high of $12.57. The company has a market capitalization of $788.56 million, a price-to-earnings ratio of -20.76 and a beta of 1.33.

Red Cat Company Profile

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.