Red Cat Reports Record Revenues For Fiscal Third Quarter
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HUMACAO, Puerto Rico, April 6, 2021 /PRNewswire/ Red Cat Holdings, Inc. (OTCQB: RCAT) ( Red Cat or the Company ), a leading brand in the drone industry, reviewed its recently reported financial results for its fiscal third quarter which included record quarterly revenues.
Red Cat Reports Record Revenues For Fiscal Third Quarter We are pleased to report record quarterly revenues exceeding $2 million for our fiscal third quarter driven by the first full quarterly contribution from our Fat Shark subsidiary which was acquired in November 2020, stated Jeffrey Thompson, Chief Executive Officer. Our Rotor Riot subsidiary is on track to attain record annual revenues for our fiscal year which ends on April 30. Finally, we look forward to the potential revenue contribution associated with the acquisition of Skypersonic which we expect to close in April.
This video of a drone flight through a movie theater in Minnesota is going to make your longing to visit a movie theater about 100 times worse, as we watch people buy tickets and popcorn, and settle in to watch the show.
Red Cat Receives Notice of Patent Issuance Supporting Commercial Product Portfolio
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ORLANDO, Fla., Feb. 26, 2021 /PRNewswire/ Red Cat Holdings, Inc. (OTCQB: RCAT) ( Red Cat or the Company ), a leading brand in the drone industry, announced that its wholly owned subsidiary, Fat Shark Holdings, has received notice that the US Patent Office has approved its patent application covering the optical architecture of its FPV (first person view) headsets. The technology underlying this patent enables the construction of a higher performance headset at a lower cost. The Company expects this technology to be a core component of its expanding product line designed for the commercial deployment of drones which is expected to grow significantly over the next decade.
/PRNewswire/ Red Cat Holdings, Inc. (OTC: RCAT) ("Red Cat" or the "Company"), a leading brand in the drone industry, announced the signing of a definitive.
ORLANDO, Fla., Feb. 16, 2021 /PRNewswire/ Red Cat Holdings, Inc. (OTC: RCAT) (Red Cat or the Company), a leading brand in the drone industry, announced the signing of a definitive agreement to acquire Skypersonic, Inc., a provider of drone products and software solutions that enable drone inspection flights that can be executed by pilots anywhere in