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Red Cat (NASDAQ:RCAT) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS
['Michael Walen']
Markets Daily
Red Cat (NASDAQ:RCAT – Get Free Report) announced its quarterly earnings data on Thursday.
Red Cat had a negative net margin of 136.26% and a negative return on equity of 39.64%.
Red Cat Stock Up 6.2%Shares of RCAT traded up $0.54 during trading hours on Friday, reaching $9.21.
Through its UAS segment, Red Cat designs and manufactures small to medium-sized fixed-wing and vertical-takeoff drones that support intelligence, surveillance and reconnaissance (ISR) missions.
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