From GlobeNewswire: 2024-12-16 16:10:00

Red Cat Holdings, Inc. (Nasdaq: RCAT) reports Q2 financial results, including $4.3 million in year-to-date revenue and a $1 million contract for Edge 130 Blue drones from the U.S. Army. The company plans to focus on the Black Widow drone, with a strategic partnership with Palantir Technologies Inc. and a new manufacturing facility.

Red Cat also announces several executive leadership updates, a partnership with Palantir, and a Tactical Funding Increase contract from the U.S. Air Force. The company is well-positioned to meet demands and support projected revenue guidance for 2025. Red Cat’s momentum in the drone technology sector is strong, with a focus on growth and innovation.

CEO Jeff Thompson and CFO Leah Lunger will host an earnings conference call on December 16 to discuss financial results and corporate developments. Red Cat Holdings, Inc., a drone technology company, integrates robotic hardware and software for military, government, and commercial operations. The company’s Family of Systems includes the Black Widow drone, TRICHON, and FANG drones optimized for military operations.



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