Why Red Cat Stock Got Declawed Today
Source: Motley Fool
2026-03-19 11:19:46 ET
Red Cat Holdings (NASDAQ: RCAT) stock crashed 17.8% through 10:40 a.m. ET Thursday after reporting mixed earnings last night.
Analysts expected the company, which makes military drones , to lose $0.14 per share in Q4. Sales were supposed to be $20.9 million, and Red Cat shredded the sales forecast with revenue of $26.2 million. But its quarterly loss topped $0.17 per share -- three cents worse than forecast.
Image source: Getty Images.
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