Red Cat Benefits from U.S. Ban on DJI Drones
In the fourth quarter, revenues are expected to more than double sequentially to $20 to $22 million
The new Georgia factory can produce 1,000 vessels - only 200 units represent a revenue of at least $150 million
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The drone manufacturer Red Cat (RCAT, i) recently announced a massive revenue reduction for 2025 due to the government shutdown and delays in the important SRR program for the U.S. Army related to the Black Widow drone, as well as upgrades for the Edge-130 drone. I see substantial price potential for 2026. Demand has significantly increased over the last three months, and CEO Thompson sees the company as "uniquely positioned" to support the U.S. Army's planned procurement of at least 1 million drones over the next two to three years. Additionally,...
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