Red Cat Slips After Drop in 2Q Revenue, Profit

Dow Jones

Aug 15

By Katherine Hamilton

Shares of Red Cat slid after the drone-technology company's revenue fell by half and its loss widened in the second quarter.

The stock fell 10%, to $8.42, on Friday. Shares have lost about a third of their value this year.

The Puerto Rican company, which serves both government and commercial robotic operations, said Thursday that sales fell 50%, to $3.2 million, in the quarter ended June 30.

Its loss widened to $13.3 million, or 15 cents a share, compared with a loss of $8.2 million, or 11 cents a share, the year before.

Total operating expenses more than doubled, with the largest increases in research-and-development and general-and-administrative costs.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

August 15, 2025 11:35 ET (15:35 GMT)

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Shares have lost about a third of their value this year.The Puerto Rican company, which serves both government and commercial robotic operations, said Thursday that sales fell 50%, to $3.2 million, in the quarter ended June 30.Its loss widened to $13.3 million, or 15 cents a share, compared with a loss of $8.2 million, or 11 cents a share, the year before.Total operating expenses more than doubled, with the largest increases in research-and-development and general-and-administrative costs.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RCAT":"Red Cat Holdings Inc."},"translate_title":"红猫第二季度收入和利润下降后股价下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RCAT":0.9},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Shares of Red Cat slid after the drone-technology company's revenue fell by half and its loss widened in the second quarter. \n\n\n  The stock fell 10%, to $8.42, on Friday. Shares have lost about a third of their value this year. \n\n\n  The Puerto Rican company, which serves both government and commercial robotic operations, said Thursday that sales fell 50%, to $3.2 million, in the quarter ended June 30. \n\n\n  Its loss widened to $13.3 million, or 15 cents a share, compared with a loss of $8.2 million, or 11 cents a share, the year before. \n\n\n  Total operating expenses more than doubled, with the largest increases in research-and-development and general-and-administrative costs. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 15, 2025 11:35 ET (15:35 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}