Overview
- Red Cat projects Q4 2025 revenue of $24 million to $26.5 million, a jump from $1.3 million a year earlier.
- Full-year 2025 revenue is guided to $38 million to $41 million versus $15.6 million in 2024.
- Shares gained about 12% intraday to trade near the $18.78 52-week high as investors awaited an after-hours conference on results.
- Management points to the U.S. Army SRR Tranche 2 award, now roughly $35 million and centered on the Teal platform, as the key near-term driver.
- The Black Widow system recently entered the NATO NSPA catalog and the company launched a Blue Ops maritime unit, while analysts maintain a consensus Hold with a $19.33 average target.