Red Cat Reports Financial Results for Second Quarter 2025 and Provides Corporate Update
14-Aug-2025 16:05:15 EDT
Red Cat Reports Financial Results for Second Quarter 2025 and Provides Corporate Update
GlobeNewswire August 14, 2025
SAN JUAN, Puerto Rico, Aug. 14, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the second quarter ended June 30, 2025 and provides a corporate update.
Recent Operational Highlights
SRR Black Widow Contract: In July 2025, the company executed the TD3 LRP contract with the U.S. Army to deliver up to 690 SRR Black Widow systems.
Teal Drones achieved AS9100 certification from NSF International Strategic Registrations (NSF-ISR), a leading global certification body for aerospace and defense quality systems.
Announced partnership with ESAero to support manufacturing for Teal's Black Widow(TM).
Second Quarter 2025 Financial Highlights
Ended the quarter with cash and accounts receivable of $66.9 million.
Quarterly Revenue of $3.2 million.
“Red Cat is at the forefront of a major transformation in unmanned systems,” said Jeff Thompson, CEO of Red Cat. “With our AS9100 certification, strategic partnerships, and expansion into uncrewed surface vessels, we're entering the second half of 2025 in a strong position. Recent developments–including Secretary Hegseth's announcement on drone dominance, the executive order on shipbuilding, our new Army contract, and a significantly expanded 2026 budget for SRR–signal that next year is shaping up to be a breakthrough moment for Red Cat and the industry as a whole.”
“Our balance sheet is in a fantastic position to execute our long-term goals,” said Chris Ericson, Red Cat CFO. “We have bolstered our quarter-end cash and receivables of $66.9 million in addition to our $21.0 million in inventory and inventory deposits. This liquidity gives us ample strength and ability to execute the demands of the U.S. Army's SRR program, build out our USV division and expand international opportunities for the second half of 2025 and beyond.”
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security. Through its wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat develops American-made hardware and software that support military, government, and public safety operations across air, land, and sea. Its Family of Systems, led by Black Widow(TM), delivers unmatched tactical capabilities in small unmanned aircraft systems (sUAS). Expanding into the maritime domain, Red Cat is also innovating in uncrewed surface vessels (USVs), delivering integrated platforms designed to enhance safety and multi-domain mission effectiveness. Learn more at www.redcat.red.
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.
