Red Cat Holdings Reports Record Annual Revenues

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Red Cat Holdings Inc. (RCAT) FY Revenues Rise 10x to $5M

August 12, 2021 4:43 PM EDT

Red Cat Holdings Inc. (NASDAQ: RCAT) reported FY revenue of $5 million, representing a more than ten-fold increase compared to approximately $0.4 million for the fiscal year ended April 30, 2020.

Adjusted Net loss for the fiscal year ended April 30, 2021, which excludes non-cash charges associated with derivative liabilities, stock-based compensation, and the amortization of debt discount, was approximately... More