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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.
Actually, the subsidiaries are wholly owned by Redcat. As per noted in their last quarterly report.
“Note 1 - The Business
Red Cat Holdings ("Red Cat" or the "Company") was originally incorporated in February 1984. Since April 2016, the Company's primary business has been to provide products, services and solutions to the drone industry which it presently does through its five wholly owned subsidiaries. Teal Drones is a leader in commercial and government UAV technology. Fat Shark Holdings is a provider of First Person View (FPV) video goggles. Rotor Riot sells FPV drones and equipment, primarily to the consumer marketplace. Skypersonic provides software and hardware solutions that enable drones to complete inspection services in locations where GPS (global positioning systems) are not available, yet still record and transmit data even while being operated from thousands of miles away. Red Cat Propware is developing drone flight data analytics and storage solutions, as well as diagnostic products and services.”
Except it's NOT profitable, and all RCAT has done is purchase companies with investor money.
Also, the "revenue" figures they are citing are actually manufacturing capacity, not revenue. I feel obliged to point out there is a difference. Just like you didn't buy Fatshark and creamed over its digital technology. Instead, you bought some spin-off while the actual company and technology is still under private ownership.
Form 4... Explanation of Responses:(1) Consists of: (1) 112,805 shares of common stock; (2) options to purchase up to 150,000 shares of common stock at a price of $2.51 per share, exercisable for 5 years; and (3) options to purchase up to 100,000 shares of common stock at a price of $2.01 per share.
My premonition/wishful thinking is a ….
hostile takeover/buyout… the drone industry is
an exciting futuristic industry… if anyone has
learned anything from watching “shark tank”
red cat holdings has grown to the point where it
would be a perfect acquisition by a huge multi
billion dollar company that wants to get into a
profitable symmetrical business that has years
of incredible growth ahead of it….
Good luck to all
My premonition is to see this uplisted to one of the small cap indices. Maybe even an ETF like the $PSCT. It may not happen in the next few months but I see it on the horizon.
https://finviz.com/quote.ashx?t=PSCT
They need to only maintain their vigilance of getting to be known and show their follow thru. Which, so far, they seem to be doing even in this environment, as challenging as it is, seems to be working.
IMO.
So if I heard that right….
2.5 million in sales PER MONTH later this yr
(And that’s just 1 of the 3/4 divisions of the co.)
a usa drone company that manufactures in the
usa…. And becoming one of biggest publicly
traded drone companies out there … that was
on the otc, earned a NASDAQ listing… (has
been disgustingly manipulated by the big whigs
that got it to Nasdaq)… under 2.00 a share…
low share structure…. I think it’s about time
people start realizing the incredibly long term
potential of this company…. And share price
wise also
Good luck with
A short doesn't bring down the price. Short selling requires a share to be borrowed, it therefore doesn't change the amount of shares in circulation. The lack of buyers is what is keeping the price down, and the owners selling - obviously.
Jan 4 & Jan 13 filings went un-noticed…my
guess is that these filings represent a very good
thing… the 2 funds that “bought “ in to Rcat &
likely used & abused the share price for great
profit…. Are no longer holders of the stock…
(Only 1 million shares left)… this could be a very
Good thing
Good luck to all
We must be close to another big contract PR
& we likely shoot up to 2.60, then, The shorts jump
In & bring this back down….unbelievable, we are
legitimately a huge government drone contractor
& we are under 2.00… we should be above 5,00
Good luck to all
Ok let me try again. This is a really good recent summary for those interested
https://stocktwits.com/Gallium/message/427715866
Really good updates summary for this interested:
https://stocktwits.com/Gallium/message/427715866
https://www.deseret.com/utah/2021/7/13/22573696/utah-teal-drones-acquired-by-red-cat-holdings-defense-contract-china-dji-american-security-drone-act
https://www.suasnews.com/2021/12/red-cat-holdings-reports-financial-results-from-fiscal-second-quarter-2022-and-provides-corporate-update/
https://www.suasnews.com/2021/10/red-cat-subsidiary-teal-drones-opens-u-s-manufacturing-facility/
and this prediction is based on what assumption?
Blackbox launch?
Revenue increase?
Profit increase?
Honestly ... the best case scenario is priced in, and that's the company surviving the next 5 years.
What's in store for RCAT over the next few weeks into mid February?
Thinking we'll be saying "Happy New Year RCAT!!!!"
The lack of pump-PRs is worrying! Is this the final leg to $1 and then de-list? Or will we get more short-buying opportunities?
Hey surfer! Man it's been a while! Yes, I like the potential here going into this summer. I think they'll have a much better footprint by then.
It's getting close! Happy new year!
Happy new year. An early wish, in case I’m unable to post tomorrow. Here’s to a great 2022! cheers
just keep buying the stock when it pumps to $4. that's all the christmas presents that I need. Although that PR they just posted didn't really do jack to the price ... so I'm wondering if this is indeed the last leg down or if we have more pumps to profit from.
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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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