Red Cat Holdings Inc (RCAT)

Technology | Computer Hardware
Income Statement (Quarterly) 2025-06-30 2025-03-31 2024-10-31 2024-07-31
Revenue 3,218,577 1,629,662 1,534,727 2,776,535
Cost of Revenue 2,843,523 0 1,558,202 3,259,926
Gross Profit 375,054 -850,410 -23,475 -483,391
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 9,423,334 8,195,196 6,861,474 5,524,606
Operating Expenses 13,021,601 11,627,789 9,092,944 7,244,096
Operating Income -12,646,547 -23,123,351 -9,116,419 -7,727,487
Interest Expense 155,301 -54,525 0 0
Income Before Tax -13,278,960 -23,123,351 -13,334,618 -12,416,376
Income Tax Expense 0 0 0 0
Net Income -13,278,960 -23,123,351 -13,334,618 -12,416,376
Per Share
EPS -0.15 -0.27 -0.18 -0.17
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Revenue 7,275,456 17,836,382 9,911,780 6,428,963 4,999,517
Cost of Revenue 9,309,567 14,155,836 10,248,575 5,503,448 3,929,832
Gross Profit -2,034,110 3,680,546 -336,795 925,515 1,069,685
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 26,671,807 16,300,754 14,303,327 9,967,756 4,839,869
Operating Expenses 36,727,853 22,979,882 23,963,348 13,927,801 5,946,295
Operating Income -38,761,964 -19,299,336 -27,127,061 -13,002,286 -4,876,610
Interest Expense 0 68,609 122,004 147,724 1,223,767
Income Before Tax -65,420,957 -21,526,696 -27,087,737 -11,689,128 -13,236,175
Income Tax Expense 0 0 -873,747 -1,313,158 0
Net Income -65,420,957 -24,052,629 -27,087,737 -10,375,970 -13,236,175
Per Share
EPS -0.85 -0.40 -0.50 -0.22 -0.56
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2024-04-30 2023-04-30 2022-04-30
Assets
Cash and Cash Equivalents 9,154,297 6,067,169 3,260,305 4,084,815
Short Term Investments 0 0 12,814,038 44,790,369
Net Receivables 489,316 6,513,949 932,640 913,089
Inventory 13,592,900 8,007,237 11,986,527 3,895,870
Total Current Assets 25,798,257 22,397,549 32,175,012 55,653,297
Property Plant Equipment 3,372,054 3,821,498 3,355,209 1,531,014
Goodwill and Intangibles 26,124,133 12,882,939 24,355,836 27,837,281
Total Assets 55,604,267 48,537,612 60,193,090 85,078,625
Liabilities
Account Payables 2,049,519 1,580,422 1,999,422 1,018,747
Short Term Debt 661,532 947,208 1,253,396 1,250,696
Total Current Liabilities 4,178,650 3,651,130 4,760,616 5,439,421
Long Term Debt 1,306,064 1,321,952 822,849 1,723,532
Total Liabilities 5,484,714 4,973,082 5,583,465 7,162,953
Shareholders Equity
Retained Earnings -124,744,703 -81,130,732 -54,586,793 -27,499,056
Total Shareholders Equity 50,119,553 43,564,530 54,609,625 77,915,672
Balance Sheet (Annual) 2024-12-31 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Assets
Cash and Cash Equivalents 9,154,297 6,067,169 3,260,305 4,084,815 277,347
Short Term Investments 0 0 12,814,038 44,790,369 0
Net Receivables 489,316 6,513,949 932,640 913,089 396,693
Inventory 13,592,900 8,007,237 11,986,527 3,895,870 362,072
Total Current Assets 25,798,257 22,397,549 32,175,012 55,653,297 1,640,010
Property Plant Equipment 3,372,054 3,821,498 3,355,209 1,531,014 0
Goodwill and Intangibles 26,124,133 12,882,939 24,355,836 27,837,281 10,049,502
Total Assets 55,604,267 48,537,612 60,193,090 85,078,625 11,693,365
Liabilities
Account Payables 2,049,519 1,580,422 1,999,422 1,018,747 541,903
Short Term Debt 661,532 947,208 1,253,396 1,250,696 269,045
Total Current Liabilities 4,178,650 3,651,130 4,760,616 5,439,421 4,674,070
Long Term Debt 1,306,064 1,321,952 822,849 1,723,532 1,753,000
Total Liabilities 5,484,714 4,973,082 5,583,465 7,162,953 6,427,070
Shareholders Equity
Retained Earnings -124,744,703 -81,130,732 -54,586,793 -27,499,056 -15,809,928
Total Shareholders Equity 50,119,553 43,564,530 54,609,625 77,915,672 5,266,295
Cash Flow Statement (Quarterly) 2024-12-31 2024-04-30 2023-04-30 2022-04-30
Operating Activities
Net Income -65,420,957 -24,052,629 -27,087,737 -11,689,128
Depreciation & Amortization 2,119,277 1,423,124 966,072 264,803
Stock Based Compensation 6,154,551 3,609,267 3,656,724 2,789,026
Change in Working Capital -1,168 -4,672,816 -8,876,755 -7,094,901
Operating Cash Flow -30,803,966 -18,595,544 -29,199,420 -16,019,320
Investing Activities
Capital Expenditure -245,333 -259,139 -2,450,213 -363,689
Investments -245,333 -259,139 -2,450,213 -363,689
Investing Cash Flow 4,236,445 13,567,078 29,590,235 -46,603,486
Financing Activities
Debt Repayment -572,137 -572,137 -606,897 -929,952
Common Stock Issued/Repurchased 6,325,266 8,404,812 -543,137 69,230,984
Dividends Paid 0 0 0 0
Financing Cash Flow 19,386,660 7,802,076 -1,215,325 66,430,274
Summary
Free Cash Flow -31,049,298 -18,854,683 -31,649,633 -16,383,009
Net Change in Cash 2,806,864 2,806,864 -824,510 3,807,468
Cash Flow Statement (Annual) 2024-12-31 2024-04-30 2023-04-30 2022-04-30 2021-04-30
Operating Activities
Net Income -65,420,957 -24,052,629 -27,087,737 -11,689,128 -13,236,175
Depreciation & Amortization 2,119,277 1,423,124 966,072 264,803 36,831
Stock Based Compensation 6,154,551 3,609,267 3,656,724 2,789,026 3,388,216
Change in Working Capital -1,168 -4,672,816 -8,876,755 -7,094,901 188,945
Operating Cash Flow -30,803,966 -18,595,544 -29,199,420 -16,019,320 -1,399,001
Investing Activities
Capital Expenditure -245,333 -259,139 -2,450,213 -363,689 0
Investments -245,333 -259,139 -2,450,213 -363,689 0
Investing Cash Flow 4,236,445 13,567,078 29,590,235 -46,603,486 -48,368
Financing Activities
Debt Repayment -572,137 -572,137 -606,897 -929,952 -510,645
Common Stock Issued/Repurchased 6,325,266 8,404,812 -543,137 69,230,984 0
Dividends Paid 0 0 0 0 0
Financing Cash Flow 19,386,660 7,802,076 -1,215,325 66,430,274 1,488,048
Summary
Free Cash Flow -31,049,298 -18,854,683 -31,649,633 -16,383,009 -1,399,001
Net Change in Cash 2,806,864 2,806,864 -824,510 3,807,468 40,679