What's Going On With Red Cat Holdings Stock After Hours?

Red Cat Holdings Inc (NASDAQ:RCAT) reported financial results for 2024 and provided a corporate update after the market close on Monday. Here’s a rundown of the report.

What Happened: Red Cat reported financial results for its 2024 “transition period,” which includes the final eight months of the year. The drone technology company reported total revenue of $4.9 million and an earnings loss of 57 cents per share, according to Benzinga Pro.

“Red Cat’s 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 ...