Red Cat Holdings Q2 Earnings: Revenue, EPS Miss Estimates As Drone Company Prioritizes Long-Term Growth Over Short-Term Sales

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The drone technology company reported a second-quarter loss of 18 cents per share, missing analyst estimates for a loss of eight cents per share, according to Benzinga Pro.“In the second half of 2024, our company decided to focus on the Black Widow, anticipating its success in the SRR final production contract,” said Jeff Thompson, CEO of Red Cat. 

“We halted production of the Teal 2 to retool for the Black Widow, ...

Red Cat Holdings Inc (NASDAQ:RCAT) reported second-quarter financial results for fiscal year 2025 after the bell on Monday.

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: Tech News After-Hours Center Guidance Drones Why it's moving Earnings PLTR Benzinga Movers RCAT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 21:47:56 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24466953

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