• Red Cat Holdings Inc RCAT.OQ reported a quarterly adjusted loss of 27 cents​​ per share for the quarter ended March 31. The mean expectation of two analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -11 cents to -10 cents per share.

• Revenue was $1.63 million​; analysts expected $2.40 million.

• Red Cat Holdings Inc's reported EPS for the quarter was a loss of 27 cents​.

• The company reported a quarterly loss of $23.12 million.

• Red Cat Holdings Inc shares had risen by 13.1% this quarter and lost 48.2% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Red Cat Holdings Inc is $14.00

This summary was machine generated from LSEG data May 15 at 06:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)