Benzinga
Red Cat Stock Rises, Long-Term Slide Persists: What's Going On Today? - Red Cat Holdings (NASDAQ:RCAT)
xCruzo Brief
Red Cat Holdings (NASDAQ:RCAT) shares rose Tuesday, but the stock remains in a longer-term downtrend after the drone maker missed second-quarter earnings. The company reported revenue of $20.19 million versus $22.79 million expected, and a loss of 26 cents per share versus a 22-cent loss estimate. Despite the misses, sales grew more than fivefold year over year as Red Cat pushes toward full-spectrum autonomy for the military. Gross margin climbed 39 percentage points year over year, and it ended the quarter with $325.6 million in cash, leaving full-year guidance at $150 million to $180 million unchanged. Analysts and tariff optimism are cited, alongside defense-spending themes.
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