Red Cat (NASDAQ:RCAT) Issues Earnings Results

Red Cat (NASDAQ:RCAT) announced its earnings results on Monday. The company reported ($0.18) earnings per share (EPS) 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 Trading Up 27.0 %

NASDAQ RCAT traded up $2.22 during mid-day trading on Monday, reaching $10.45. 45,780,535 shares of the company’s stock traded hands, compared to its average volume of 1,781,354. The company has a fifty day simple moving average of $5.27 and a 200-day simple moving average of $3.21. Red Cat has a 1-year low of $0.56 and a 1-year high of $12.57. The company has a market cap of $788.56 million, a price-to-earnings ratio of -20.76 and a beta of 1.33.

About Red Cat

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.