First Quarter 2025 Financial Highlights Quarterly Revenue of $1.7 millionEnded the quarter with cash and accounts receivable of $9.3 millionIn addition, closed funding of $30.0 million subsequent to quarter endReiterate 2025 annual revenue guidance of $80 to $120 million for calendar year 2025, which consists of: $25 to $65 million in SRR-related Black Widow sales$25 million in Non-SRR Black Widow sales$25 million in Edge 130 sales$5m in Fang FPV sales "Red Cat’s momentum continues to build as we execute on our strategy to deliver advanced, AI-enabled unmanned systems across air, land, and sea," said Jeff Thompson, Red Cat CEO.
SAN JUAN, Puerto Rico, May 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 first quarter ended March 31, 2025 and provides a corporate update.
A strong balance sheet bolstered by a recent $30 million capital raise positions us strongly to meet growing domestic and international demand in the second half of 2025.” "Our balance sheet remains strong as we transition to production and delivery of our new Black Widow drones,” said Chris Ericson, Red Cat CFO.
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