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Red Cat Holdings Inc (RCAT)
NASDAQ:RCAT
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Earnings Data
Report Date
Apr 08, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 12, 2021
|% Change Since: -3.35%
|Next Earnings Date:Apr 06, 2021
Earnings Call Sentiment|Neutral
The earnings call was marked by positive developments, such as the strategic partnership with Palantir and increased revenue guidance, which indicate strong future prospects. However, the current financial performance shows challenges with declining revenue and margins, alongside operational cash concerns. The resignation of the CFO adds a layer of uncertainty to the management team.Company Guidance
During the RCAT Q2 2025 earnings call, the company provided updated guidance, raising their revenue expectations from a previous target of $50 million to a range of $80 million to $120 million. This increase reflects anticipated revenue from the U.S. Army's Short Range Reconnaissance (SRR) program and a new partnership with Palantir, which will integrate high-margin visual navigation and AI software into their Black Widow drones. The guidance does not yet account for additional revenue from this software, which could further enhance margins. Red Cat Holdings plans to improve gross margins to 50% with hardware production and further enhance profitability through the software integration. They are also preparing for significant production increases, with LRIP (Low Rate Initial Production) set to begin in early 2025. The company is exploring various funding options, including potential non-dilutive financing from the Office of Strategic Capital, to support this growth.New Partnership with Palantir
Redcat Holdings announced a partnership with Palantir to integrate visual navigation and artificial intelligence into the Black Widow drone, enhancing its battlefield capabilities. This is expected to add high-margin software revenue to each drone sold.
Guidance Increase
The company increased its revenue guidance from $50 million to a range of $80 million to $120 million, factoring in SRR-related revenue.
High Demand for Black Widow Drones
Post-SRR announcement, Redcat Holdings has received around $14.7 million in quotes for Black Widow drones, primarily from U.S. DoD and international clients.
FlightWave Acquisition
Redcat Holdings closed the acquisition of FlightWave, adding the Edge-130 drone to its product mix, which is expected to help achieve up to 50% gross margins under mass production.
Potential Funding Opportunities
Redcat Holdings is exploring non-dilutive funding options, including a loan from the Office of Strategic Capital, which could range from $10 million to $150 million.
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RCAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RCAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 16, 2024 | $10.45 | $9.67 | -7.46% |
| Sep 23, 2024 | $3.16 | $2.59 | -18.04% |
| Aug 08, 2024 | $2.02 | $2.48 | +22.77% |
| Mar 18, 2024 | $0.78 | $0.73 | -6.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Red Cat Holdings Inc (RCAT) report earnings?
Red Cat Holdings Inc (RCAT) is schdueled to report earning on Apr 08, 2025, TBA Not Confirmed.
What is Red Cat Holdings Inc (RCAT) earnings time?
Red Cat Holdings Inc (RCAT) earnings time is at Apr 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RCAT EPS forecast?
RCAT EPS forecast for the fiscal quarter 2025 (Q3) is -0.09.
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