Red Cat Shares Sink After Wider 3Q Loss

Dow Jones11-14

By Connor Hart

Shares of Red Cat slipped after the drone-technology company widened its loss in the third quarter and issued a downbeat outlook for the rest of the year.

The stock fell 19% to $6.29 in premarket trading Friday. Through Thursday's close, shares are down 40% year to date, though they are up 93% over the past 52 weeks.

The Puerto Rico-based company, which serves both government and commercial robotic operations, late Thursday guided for fourth-quarter revenue of $20 million to $23 million, compared with analyst expectations for $46.5 million, according to FactSet.

For the year, revenue is expected to come in between $34.5 million and $37.5 million. Analysts were looking for $64.8 million.

Chief Executive Jeff Thompson said the company is benefiting from the expansion of its contract with the U.S. Army as it expands its drone-manufacturing facilities to meet demand.

For its three months ended Sept. 30, Red Cat posted a loss of $16 million, compared with a loss of $12.4 million a year earlier. A quarterly loss of 16 cents a share was steeper than the 9-cent loss that analysts expected.

Total operating expenses more than doubled to $18.2 million from $8 million.

Revenue surged more than seven-fold to $9.65 million and topped the $8.5 million that Wall Street modeled.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 14, 2025 06:47 ET (11:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Through Thursday's close, shares are down 40% year to date, though they are up 93% over the past 52 weeks. \n</p>\n<p>\n  The Puerto Rico-based company, which serves both government and commercial robotic operations, late Thursday guided for fourth-quarter revenue of $20 million to $23 million, compared with analyst expectations for $46.5 million, according to FactSet. \n</p>\n<p>\n  For the year, revenue is expected to come in between $34.5 million and $37.5 million. Analysts were looking for $64.8 million. \n</p>\n<p>\n  Chief Executive Jeff Thompson said the company is benefiting from the expansion of its contract with the U.S. Army as it expands its drone-manufacturing facilities to meet demand. \n</p>\n<p>\n  For its three months ended Sept. 30, Red Cat posted a loss of $16 million, compared with a loss of $12.4 million a year earlier. 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Through Thursday's close, shares are down 40% year to date, though they are up 93% over the past 52 weeks.The Puerto Rico-based company, which serves both government and commercial robotic operations, late Thursday guided for fourth-quarter revenue of $20 million to $23 million, compared with analyst expectations for $46.5 million, according to FactSet.For the year, revenue is expected to come in between $34.5 million and $37.5 million. Analysts were looking for $64.8 million.Chief Executive Jeff Thompson said the company is benefiting from the expansion of its contract with the U.S. Army as it expands its drone-manufacturing facilities to meet demand.For its three months ended Sept. 30, Red Cat posted a loss of $16 million, compared with a loss of $12.4 million a year earlier. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4603":"无人机概念股","RCAT":"Red Cat Holdings Inc.","BK4157":"电子设备和仪器"},"translate_title":"红猫股价在第三季度亏损扩大后下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RCAT":0.9},"content_text":"By Connor Hart \n\n\n \n\n\n  Shares of Red Cat slipped after the drone-technology company widened its loss in the third quarter and issued a downbeat outlook for the rest of the year. \n\n\n  The stock fell 19% to $6.29 in premarket trading Friday. Through Thursday's close, shares are down 40% year to date, though they are up 93% over the past 52 weeks. \n\n\n  The Puerto Rico-based company, which serves both government and commercial robotic operations, late Thursday guided for fourth-quarter revenue of $20 million to $23 million, compared with analyst expectations for $46.5 million, according to FactSet. \n\n\n  For the year, revenue is expected to come in between $34.5 million and $37.5 million. Analysts were looking for $64.8 million. \n\n\n  Chief Executive Jeff Thompson said the company is benefiting from the expansion of its contract with the U.S. Army as it expands its drone-manufacturing facilities to meet demand. \n\n\n  For its three months ended Sept. 30, Red Cat posted a loss of $16 million, compared with a loss of $12.4 million a year earlier. 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