Red Cat (RCAT)

Company Profile

red cat is a leading provider of secure blockchain-based distributed storage, analytics and saas for the drone industry. through its innovative solutions and leadership, red cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots needed to become compliant with regulators. red cat’s success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place.

Company profile

Ticker

RCAT

Exchange

NASDAQ

Website

www.redcatholdings.com

CEO

Jeffrey Thompson

Incorporated

Nevada

Location

Puerto Rico

Fiscal year end

Apr 30

Sector

Information > Software Publishers

Industry (SIC)

Services - Prepackaged Software

Microsoft • Oracle • Mobileye Global • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Ceridian HCM Holding ...

Former names

BROADLEAF CAPITAL PARTNERS INC, BROADLEAF CAPITAL PARTNERS INC, EnergyTEK Corp., PEACOCK FINANCIAL CORP, TimefireVR Inc.

SEC CIK

0000748268

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Red Cat Propware, Inc. • Rotor Riot, LLC ...

IRS number

880490034

RCAT stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

1 Dec 23

8-K

Red Cat Announces Management Changes

29 Nov 23

8-K

Red Cat Holdings Reports Preliminary Revenue 30% Above Guidance for Second Quarter of Fiscal 2024

7 Nov 23

8-K

Submission of Matters to a Vote of Security Holders

7 Nov 23

8-K

Red Cat Holdings to Present at the LD Micro Main Event Xvi

3 Oct 23

8-K

Red Cat Signs Contract with U.S. Customs and Border Protection for 106 Teal 2 Drone Systems

25 Sep 23

8-K

Red Cat Holdings Reports Financial Results

19 Sep 23

Red Cat, Esaero Announce Development Partnership

18 Sep 23

NT 10-Q

Notice of late quarterly filing

15 Sep 23

Transcripts

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RCAT

Earnings call transcript

2024 Q1

19 Sep 23

RCAT

Earnings call transcript

2023 Q4

27 Jul 23

RCAT

Earnings call transcript

2023 Q2

16 Dec 22

RCAT

Earnings call transcript

2023 Q1

12 Sep 22

RCAT

Earnings call transcript

2022 Q3

18 Mar 22

RCAT

Earnings call transcript

2022 Q2

21 Dec 21

RCAT

Earnings call transcript

2022 Q1

21 Sep 21

RCAT

Earnings call transcript

2021 Q4

14 Aug 21

Latest ownership filings

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Joseph David Freedman

29 Jun 23

Nicholas Reyland Liuzza JR

Joseph David Freedman

18 May 23

Financial summary

Financial statements Chart RCAT financial data

Quarter (USD)	Jul 23	Apr 23	Jan 23	Oct 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Apr 23	Apr 22	Apr 21	Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	952.78 k	952.78 k	952.78 k	952.78 k	952.78 k	952.78 k
Cash burn (monthly)	769.18 k	192.29 k	1.67 mm	2.37 mm	2.31 mm	2.69 mm
Cash used (since last report)	3.17 mm	793.68 k	6.90 mm	9.78 mm	9.53 mm	11.11 mm
Cash remaining	-2.22 mm	159.09 k	-5.94 mm	-8.83 mm	-8.58 mm	-10.16 mm
Runway (months of cash)	-2.9	0.8	-3.6	-3.7	-3.7	-3.8

Beta Read what these cash burn values mean

Financial data from Red Cat earnings reports.

Institutional ownership, Q2 2023

RCAT institutional ownership history Ownership history

7.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	36	35	+2.9%
Opened positions	6	5	+20.0%
Closed positions	5	6	-16.7%
Increased positions	6	5	+20.0%
Reduced positions	7	6	+16.7%

13F shares	Current	Prev Q	Change
Total value	4.91 bn	3.91 bn	+25.7%
Total shares	4.18 mm	3.82 mm	+9.5%
Total puts	9.70 k	20.00 k	-51.5%
Total calls	20.90 k	13.20 k	+58.3%
Total put/call ratio	0.5	1.5	-69.4%

Largest owners	Shares	Value	Change
Vanguard	1.28 mm	$1.52 bn	0.0%
Pelion	898.28 k	$1.07 bn	0.0%
Essex Investment Management	392.81 k	$467.44 mm	NEW
Geode Capital Management	344.64 k	$410.13 mm	+27.3%
BLK Blackrock	268.78 k	$319.85 mm	-22.1%
Umb Bank N A	245.00 k	$291.55 mm	0.0%
Highland Management Partners 9	171.95 k	$204.62 mm	0.0%
STT State Street	109.06 k	$129.78 mm	0.0%
N.E.W. Advisory Services	71.43 k	$85.01 mm	-11.6%
NTRS Northern Trust	53.71 k	$63.91 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Essex Investment Management	392.81 k	+392.81 k	NEW
BLK Blackrock	268.78 k	-76.17 k	-22.1%
Geode Capital Management	344.64 k	+73.97 k	+27.3%
Susquehanna International	47.61 k	-37.22 k	-43.9%
Legato Capital Management	32.57 k	+32.57 k	NEW
Commonwealth Equity Services	30.58 k	+15.00 k	+96.3%
Atria Wealth Solutions	0.00	-15.00 k	EXIT
AdvisorShares Investments	0.00	-14.28 k	EXIT
Sigma Planning	13.68 k	+13.68 k	NEW
Citadel Advisors	0.00	-9.40 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RCAT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Oct 23	Joseph P Hernon	Common Stock	Payment of exercise	Dispose F	No	No	0.97	92	89.24	358,352
2 Oct 23	Joseph P Hernon	Common Stock	Grant	Acquire A	No	No	0.97	3,906	3.79 k	358,444
27 Sep 23	Allan Thomas Evans	Common Stock	Buy	Acquire P	No	No	0.965	10,000	9.65 k	1,443,945
1 Sep 23	George Michael Matus	Common Stock	Payment of exercise	Dispose F	No	No	0.958	7,268	6.96 k	307,445
4 Aug 23	Joseph P Hernon	Common Stock	Gift	Dispose G	No	No	1	118,000	118.00 k	354,538
1 Aug 23	Joseph P Hernon	Common Stock	Payment of exercise	Dispose F	No	No	0.85	3,877	3.30 k	472,538
1 Aug 23	Joseph P Hernon	Common Stock	Grant	Acquire A	No	No	0.85	30,000	25.50 k	473,243
1 Jun 23	George Michael Matus	Common Stock	Payment of exercise	Dispose F	No	No	0.95	8,575	8.15 k	314,713
16 May 23	Allan Thomas Evans	Options to purchase common stock Common stock	Grant	Acquire A	No	No	1.06	875,000	927.50 k	875,000