Red Cat (NASDAQ:RCAT) Announces Quarterly Earnings Results, Misses Estimates By $0.27 EPS

Red Cat (NASDAQ:RCAT) released its quarterly earnings results on Monday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.27), Zacks reports. Red Cat had a negative net margin of 162.50% and a negative return on equity of 66.19%. During the same period in the prior year, the business posted ($0.11) earnings per share. Red Cat updated its FY 2025 guidance to EPS.

Red Cat Price Performance

Shares of RCAT stock opened at $9.67 on Wednesday. The stock has a market capitalization of $729.70 million, a PE ratio of -21.02 and a beta of 1.33. The business’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $3.33. Red Cat has a one year low of $0.56 and a one year high of $12.57.

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.