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Drones are becoming the new iPhone with unimaginable capabilities, IMO.
https://kutv.com/news/eye-on-utah/utah-drone-company-supply-ukrainians-with-secure-life-saving-technology
The post-PR pumps are getting less (and thus there is a lack of PRs). Swing trading this is difficult, because a long position requires a PR-pump to be successful. The only sure thing is a short trade after a pump.
In regards to their potential, let's take off the rose-colored glasses for a minute: The US military isn't going to buy drones from a company that couldn't even penetrate the consumer market. Compare the Skydio offering to the Teal offering. Or Anduril. It's not even close. Teal has zero actual technology, it's all just a hotchpotch of available things with a plastic shell. If the US military truly purchases any of their drones, the US military will be embarrassing themselves. Any civilian will have a more capable drone, at a fraction of the price.
And opening a new manufacturing facility is just spitting in the face of investors. If they can't be profitable in their current facility, having a new one isn't going to change this for the better. Want to know why it sucks? Fatshark isn't moving any of their manufacturing there. So, paying rent on an old facility is better than using a paid-for new facility. That's all you need to know.
And this guy has 6 figures riding on this. What a risky (pro)position.
It's at 2.11 dude! Geez! SMH, and your Mug Shot looks like Homer Simpson on Steroids! Dope! LMAO!
went down right after your fake call
Good call Nick. They're banking on the future of course. And potential grants (deals) to get them there. Certainly possible. Getting their new facility up and running is key. I do agree costs, and part availability is also a challenge. The friction with China is barely even scratching the surface now. We need everything "Made in America". I thought we were going to see a raise on this last surge but maybe they were waiting till after earnings.
I'll likely continue swinging this. Currently have no position.
Oh dear. I know my role here is to play the devil's advocate, but seriously, how can you throw 6 figures out the window like this.
- Q1 revenue down 30% YoY. COGS flat. That means sales profits down 50% YoY.
- Q2-Q4 revenue doubled, yet sales profits down 20%.
- Investment income is more than profits
- net loss higher than revenues, while revenues are declining
- Admin fees and stock-compensations equalizing revenue
... and that's with them having chip inventory (apparently) until end of 2022. What happens if sales increase, or their inventory goes low? Their costs will skyrocket (chips cost anywhere between 300% to 1500% more than what they used to).
I don't have any net position, at this level the stock price could go either way short term. But there is absolutely no way that this would go anywhere except zero: They have 50M in the bank, and they will blow through it in ~2 years, and then dilute your position some more. If this had much room to run, they wouldn't be pulling cash out at such a rate.
The White House has been weighing giving Ukraine access to U.S.-made Switchblade drones that can fly and strike Russian targets, according to a person familiar with the matter who was not authorized to speak publicly. It was not immediately clear if the new drones that Biden said would be delivered to Ukraine include those or others.
Buy/Sell. Activity
https://ih.advfn.com/stock-market/NASDAQ/red-cat-RCAT/trades
RCAT short sellers:
scroll down to RCAT
https://stocktwits.com/allcharts
Next few days should be interesting. The shorts may have a hard time covering if good news continues. Looking for a short squeeze here.
Market Date FINRA
Non-Exempt Volume FINRA
Exempt Volume FINRA
Short Volume FINRA
Total Volume FINRA
Short Volume Ratio
2022-03-14 21,135,318 + 186,208 = 21,321,526 / 37,972,639 = 56.15
2022-03-11 44,718 + 0 = 44,718 / 73,041 = 61.22
Can you post a screen shot of that here? I don’t have finra access.
Looks like about 20 million shares were sold short yesterday. Perfect opportunity for a short squeeze today.
https://fintel.io/ss/us/rcat
Sure hope you are right. It appears that may be the case. But, I am looking forward to seeing the naked shares data for today. I am guessing they are buried holding even where it is. So, if pressure continues, we should see more of a spike.
Good job on posting all that. Very nice. Hopefully this will fully pan out for us all who have been here for years soon. I know I pretty much have sunk my left nut into this thing averaging down. Hopefully that will end up working out this year.
Oh - and the bad institutional investors like Sabby have almost completely exited their positions.
Thanks Sam for keeping up on these boards. Welcome everyone else here to RCAT.
Some important info: RCAT has $50 million plus in the bank / in its coffers. Last years offering was at $4.5. I expect many who jumped in there and after as it ripped to $7 are holding - as they should. This company has been working quiet for the last two years building their network and core. RCAT is positioned as a leader in the US drone space with current (small) contracts with multiple government and private agencies. RCAT subsidiaries have contracts with other major US businesses. We are finalists for a huge $100 million army contract. For the last year we’ve hired onto our board of directors multiple individuals who are networked and have secured gov contracts in their past. Also - for the last month and a half the company has been marketing in Europe. Oh - and Teal but opened a few months ago and already double the size of their production facility. Estimates for hundreds of drones produced every month at $14K each. You do the math.
Full disclosure - I’m heavily invested here (6 figures) and have been for two years. If I had more money - it would be in this for now.
Given the short history of this company - I believe we are positioned for a major break out. Further, I see the PPS holding at $4.5 minimum after a pull back from a pump which will become our new all time high. Best time to get in here is yesterday which is always true when you’re chasing. We’re still at bottom though. Get in early this week or tomorrow morning. We’re likely to keep pushing all week with a strong finish.
Good luck. Do your own DD. Not financial advice.
Excellent future here!!! GREAT DAY TOO!!!! Over $3!!!!!!!!!!
Yep! Very nice run & Close today! (On an otherwise VERY SLOW day everywhere ELSE across the various Markets for a MONDAY.)
YES, I understand that, but thanks anyway! I may grab some tomorrow! I like this Company, but all the PR's today were quite misleading.
They actually do have a $1.5 million order for R & D from this Tranche 2 award. The tranche 2 award keeps them in play for a potential $100 million contract hopefully later this year. We now have a small award involving nasa, an open contract involving the boarder patrol and a Dod contract and further considerations. It looks like the government kinda like Teal and Skypersonic. We also have feelers out to potential NATO countries that could pan out any time now. I think that things are starting to look up!!!!
They DON'T have an "order" nor "contract" quite yet --- RCAT is merely ONE of the last FIVE contestants for said Army/Pentagon (drones) contracts "PROGRAM" --- whether for use in Ukraine, or your backyard.
https://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=RCAT&storyid=202203140800PR_NEWS_USPR_____CL90098&provider=PR_NEWS_&product=USPR____&sb=1
https://www.suasnews.com/2022/03/red-cat-holdings-selected-by-u-s-army-for-short-range-reconnaissance-tranche-2-drone-program/
US border deal 90 million deal
LII's are hot!!!! Could push thru to $3.
Drone/Bot stocks hot
$RCAT $KNCP $UAVS
I just watched it! He announced an army project! Out from the ashes! Go RCAT!
Ok so Kapper is saying 10:50 am Est
Matus to be on Fox Business today. Unsure on the time. Just fyi
Tranche 2 awarded today and the ER Thurs. maybe some nato countries contracts before the ER. Hopefully a good week on the P P S front. Lfg!
Thats a good point about the back order. Wish they would PR exactly how far behind they are on fulfillment. Might actually make a huge difference if it was like 1000s of unites they are ramping up the manufacturing facility now to get out the door in the transition.
Not Ukraine, NATO countries . They already have $60 million of our dimes so spend it wisely. I’m pretty sure that this is a natural terms of whom to market. Btw, the Teal sight is showing Teal drones on back order. Thus it would appear that someone is buying
On your dime, too! As if anyone in Ukraine will buy a less effective DJI drone for 5x the price.
George and his team are in Europe right now marketing.
https://stocktwits.com/Kapperccino/message/439462612
Is it just me, or is the RCAT leadership missing an opportunity to pump the stuck with a "selling drones to Ukraine" PR?
Good old profiteering ...
Summary of today’s conference call:
https://stocktwits.com/Samshalom/message/435011885
Yes, they paid their debts. RCAT still didn't buy the actual meat of Fatshark.
Note 9 - Due to Related Party
A. Founder of Fat Shark
In connection with the acquisition of Fat Shark in November 2020, the Company issued a secured promissory note in the amount of $1,753,000 to the seller who is now an employee. The note bears interest at 3% annually and matures in full in November 2023. In May 2021, the Company directed a refund of $132,200 related to prepaid inventory in China to the seller who is also based in China. The entire outstanding balance of $1,620,800 plus accrued interest totaling $45,129 was paid in September 2021.
B. BRIT, LLC
In January 2020, in connection with the acquisition of Rotor Riot, the Company issued a promissory note in the amount of $175,000 to the seller, BRIT, LLC. The note bears interest at 4.75% annually. The entire outstanding balance of $85,172 plus accrued interest totaling $12,942 was paid in October 2021.
BRIT incurred certain financial obligations in support of the operations of Rotor Riot which the Company assumed responsibility to pay at the effective time of the Merger. These obligations bear interest at annual rates ranging from 5.5% to 6.42%. The outstanding balance totaled $138,771 and $166,529 at October 31, 2021 and April 30, 2021, respectively.
C. Aerocarve
In 2020, the Company received advances totaling $79,000 from Aerocarve, which is controlled by the Company's Chief Executive Officer. The parties agreed that the funds would bear interest at 5% annually until repaid. The balance owed at April 30, 2021 was $74,000. The balance was repaid in full in May 2021.
Mr. Thompson will deliver his corporate presentation on Tuesday, February 8, 2022 at 12:30 PM ET.
Event Webcast URL: https://www.webcaster4.com/Webcast/Page/2840/44535
Mr. Thompson will be available for one-on-one investor meetings on February 10 – 11, 2022.
To receive additional information or to schedule a one-on-one meeting, please email angie.wright@issuerdirect.com.
https://finance.yahoo.com/news/red-cat-holdings-present-microcap-130000308.html
Do you actually read these earnings reports? You will read it anyway after they pulled the rug, so doing it a little early doesn't hurt.
Fatshark's factory is not owned by Fatshark and thus couldn't be sold alongside. The HD technology is owned by hd-zero.com, so it couldn't have been included in the sale. It's in the 10Q Oct 2021 report that was posted here, when they clarified what they actually bought and how much for. If you pay close attention, they also don't say Fatshark is a manufacturer of headsets, but only a provider of said items. Interestingly, they fully lied in the 10K of April 2021, where they said that fatshark is developing the Shark Byte technology. What they actually should have said is that they are developing Shark Byte products based on HD Zero technology.
Fact of the matter remains: RCAT bought inventory, the brand, and a non-compete for 2 years - already half expired. When RCAT becomes worthless, Fatshark can start making FPV headsets by themselves again, and they will have raked in 3-5 years of profits from the acquisition proceeds. Not a bad deal!
Do you realize these reports are "AI"-generated?
A real analyst would understand that the earnings growth is coming from additional acquisitions, while each of the acquired businesses show a decrease in earnings.
Ha. They tricked you too. Fatshark Holdings is a spinoff. It does not include the HD tech, nor the manufacturing facility.
Earnings Strength is POSITIVE
Ford's earnings momentum measures the acceleration or deceleration in trailing 12 month operating earnings per share growth. The upward curvature of the plotted points in the graph on the right indicates that while Red Cat Holdings Inc.'s earnings have declined to an estimated
$-0.15 from $-0.13 over the past 5 quarters, they have shown acceleration in quarterly growth rates when adjusted for the volatility of earnings. This indicates an improvement in future earnings growth may occur.
Nearly 40 years of research have shown that the change in the growth of earnings per share is an important factor that drives stock price performance. Ford measures earnings momentum and analysts' forecast changes to get an early indication of changing earnings patterns.
Estimate data for Red Cat Holdings Inc. is not available. However, the lack of analyst forecast changes and a comparison of reported versus expected earnings does not inhibit our ability to assess RCAT's earnings strength. As a matter of fact, our research has shown that our earnings
momentum measure is a strong indicator of stock price performance in companies with little or no analyst coverage.
This is just an excerpt of Ford Equity's research report.
I'd like to see some real production and real revenue start moving this ticker in the right direction. Maybe a $5 target this year or next.
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ORLANDO, Fla., Oct. 5, 2020 /PRNewswire/ -- Red Cat Holdings, Inc. (RCAT:OTC) today announced the signing of a definitive agreement to acquire Fat Shark Holdings, the market leader in FPV headsets. The transaction, subject to customary conditions, is expected to close on or before November 1, 2020.
Founded in 2007, Fat Shark is the leading provider of headsets and goggles for professional racers and drone pilots with an estimated market share of 85%. Fat Shark is presently generating approximately $7 million (unaudited) in annual revenues which will significantly increase the revenue base of the combined companies. This transaction follows the Company's acquisition in January 2020 of Rotor Riot, a leading provider of FPV and drone racing hardware.
"Our expected acquisition of Fat Shark strengthens our position by providing direct access to premier FPV technology favored by professional racers and drone enthusiasts alike. The combination not only provides a fully-integrated supply chain but adds design and development capabilities as well as international manufacturing and distribution. Greg French and Allan Evans bring world-renowned skills and decades of experience to our team. Fat Shark's existing digital platform and innovation also provides a valuable road map to fuel our future growth and our expansion into the enterprise drone market" stated Jeff Thompson, CEO of Red Cat. "Importantly, it positions us to continue to develop and introduce innovative products and solutions as commercial applications of drone technology expand in the coming years."
"Red Cat has emerged as a leader in the FPV sector of the drone industry and we are excited to join their growing team of business professionals" noted Greg French, founder and CTO of Fat Shark. Added Allan Evans, CEO of Fat Shark "We are excited to partner and integrate feedback from the top pilots at Rotor Riot as we develop and expand our digital video systems. Rotor Riot is especially well situated to help us build better FPV products as well as expand into enterprise training and field solutions."
"With the addition of Fat Shark to Red Cat's portfolio we have paired a quality hardware base with Rotor Riot, a robust educational/entertainment brand" stated Chad Kapper CEO of Rotor Riot. "Fat Shark's new line of digital headsets with their "out of the box" functionality meshes perfectly with our popular "Ready To Fly" (RTF) packages. We are excited to promote their functionality on our YouTube channel and our digital store at www.rotorriot.com as well as leverage the strong brand recognition Rotor Riot enjoys. We believe the addition also allows us to continue expansion into the emerging gaming and augmented reality (AR) markets with future innovative products."
About Red Cat Holdings, Inc.
Red Cat is developing a fully-integrated drone supply chain with secure blockchain-based distributed storage, analytics and SaaS solutions for adoption in the drone industry. Red Cat supports education, training and sales of drone products through its Rotor Riot platform and is developing the means to accurately track, report and review flight data that will be useful for insurance and regulatory requirements. Red Cat's maintains a commitment to deliver unrivaled innovation to make drones aviators and products accountable and the sky a safer place. For additional information, visit www.redcatholdings.com and www.rotorriot.com.
Safe Harbor
The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors", copies of which may be obtained from the SEC's website at www.sec.gov. The parties do not undertake any obligation to update forward-looking statements contained in this press release.
Item 7.01 | Regulation FD Disclosure |
On June 4, 2019, we released the press release furnished herewith as Exhibit 99.2.
SECTION 8 – OTHER EVENTS
Item 8.01 | Other Events |
On June 4, 2019, we executed a Letter of Intent with Rotor Riot, LLC (the “LOI”), a copy of which is furnished herewith as Exhibit 99.1. The LOI, which is non-binding, sets forth the terms for our contemplated acquisition of Rotor Riot, a drone technology and media company. Any acquisition of Rotor Riot will be subject to the completion of due diligence, the negotiation of a definitive agreement, and other conditions.
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