Red Cat Holdings Inc (NASDAQ:RCAT) reported first-quarter financial results for fiscal year 2025 after the market close on Monday. Here’s a look at the key highlights from the quarter.
Q1 Earnings: Red Cat reported first-quarter revenue of $2.78 million, missing analyst estimates of $3.85 million. The drone technology company reported a first-quarter loss of 17 cents per share, missing analyst estimates for a loss of 8 cents per share, according to Benzinga Pro.
Total revenue was up 59% on a year-over-year basis. Red Cat said it had a record backlog of $13 million at the quarter’s ...
