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Market Impact: 0.35

Red Cat Holdings, Inc. (RCAT) Reports Q1 Loss, Misses Revenue Estimates

RCAT
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Red Cat Holdings reported a quarterly loss of $0.22 per share, missing the Zacks Consensus Estimate of a $0.14 loss and widening from a $0.14 loss a year ago. The result points to weaker-than-expected profitability and deteriorating fundamentals relative to both consensus and the prior-year period.

Analysis

Red Cat Holdings reported a quarterly loss of $0.22 per share, missing the Zacks Consensus Estimate of a $0.14 loss and widening from a $0.14 loss a year ago. The result points to weaker-than-expected profitability and deteriorating fundamentals relative to both consensus and the prior-year period.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.50

Ticker Sentiment

RCAT-0.78