Added to YB: 2023-07-23
Pitch date: 2023-07-23
RCAT [bullish]
Red Cat Holdings, Inc.
+712.62%
current return
Author Info
No bio for this author
Company Info
Red Cat Holdings, Inc., together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the United States.
Market Cap
$1.3B
Pitch Price
$1.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
-9.50
P/E
-10.24
EV/Sales
13.52
Sector
Aerospace and Defense
Category
special_situation
RCAT: Event-Driven Trade Could Be Worth ~200%
RCAT: Red Cat, through its Teal drone products, is one of two finalists from an original field of 37 for a nearly $450 million multi-year U.S. Army contract, roughly 3.3x its $136 million market capitalization. The case favors Red Cat because of the incumbent’s battlefield issues and arguably inferior design, while U.S. restrictions on Chinese drones support demand; losing the contract is the central risk.
Read full article (3 min)