Red Cat reports 2024 transition period EPS (57c)

Reports 2024 transition period revenue $4.9M. “Red Cat’s (RCAT) partnerships and global expansion strategy is already yielding strong results. Over the past few months, we’ve introduced the Black Widow and Edge 130 drones to key international markets, including the Middle East, Asia Pacific, and soon Latin America,” said Jeff Thompson, Red Cat CEO. “This momentum underscores growing global interest in our Family of Systems. The ongoing development of Black Widow for the U.S. Army’s SRR Program of Record, bolstered by AI partners like Palantir and Palladyne, we’re not only meeting immediate defense needs-we’re ensuring our warfighters and allies are well equipped for rapidly-evolving battlefield.”