Pure-Play U.S. Drone Leader Uniquely Positioned For Emerging Supercycle

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Company Overview

Red Cat Holdings RCAT 0.00%↑ is a U.S.-based technology company that designs, develops, and delivers cutting-edge drone solutions in defense applications. Red Cat flagship product, the Blackwidow drone, is a military-grade unmanned aerial system designed for short-range reconnaissance missions. The Blackwidow is equipped with advanced features like night vision capabilities and secure communications, making it ideal for military and tactical operations. Red Cat also provides Edge 130 Blue through its acquisition of Flightwave, which is a Hybrid vertical takeoff and landing (VTOL) system, for long range reconnaissance missions with up to 2 hours of flight time. Lastly, their FANG solution is a first person view (FPV) drone with a flight time of 10 minutes with lethal surgical strike capabilities. The company is part of the U.S. Department of Defense's Blue sUAS program, which provides secure, American-made drones for defense use. Red Cat is also expanding its presence in global markets with their advanced drone technologies. The company is traded on the NASDAQ exchange under the ticker RCAT, and is headquartered in San Juan, Puerto Rico with a manufacturing facility in Utah.

Below we present our updated core investment thesis on Red Cat reflecting our latest analysis of the company's growth trajectory and overall profitability outlook. We include access to our downloadable 5-year financial model and our latest price target assessment.