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

Red Cat (NASDAQ:RCAT) announced its quarterly earnings results on Monday. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm posted ($0.11) EPS. Red Cat updated its FY 2025 guidance to EPS.

Red Cat Price Performance

NASDAQ:RCAT opened at $10.45 on Tuesday. The firm has a market capitalization of $788.56 million, a price-to-earnings ratio of -22.72 and a beta of 1.33. The company’s 50-day moving average is $5.42 and its two-hundred day moving average is $3.27. Red Cat has a 1-year low of $0.56 and a 1-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.