Red Cat Holdings, Inc. Reports Earnings Results for the Full Year Ended April 30, 2021
August 12, 2021 at 04:36 pm EDT
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Red Cat Holdings, Inc. announced earnings results for the full year ended April 30, 2021. For the full year, the company announced sales was USD 4,999,517 as compared to USD 403,940 a year ago. Operating loss was USD 4,876,610 compared to USD 1,629,960 a year ago. Net loss was USD 13,125,175 compared to USD 1,601,931 a year ago.
Red Cat Holdings Inc is a Puerto Rico-based provider of products, services and solutions to the drone industry. The Company provides its services to the enterprise, military, and consumer markets. It designs, develops, markets, and sells drone software and products. Red Cat's Golden Eagle drones are approved by the Department of Defense for reconnaissance, public safety, and inspection applications. The technology of Skypersonic Inc, a subsidiary of the Company enables drones to complete inspection services in locations where Global Positioning System (GPS) is not available, yet still record and transmit data even while being operated from thousands of miles away. The Company's offering also includes First Person View (FPV) video goggles that give pilots a better perspective to control their drone in flight. Red Cat Holdings Inc operates through several subsidiaries, including Teal Acquisition I Corp and Rotor Riot, LLC.
RED CAT HOLDINGS, INC. 
