Added to YB: 2024-08-01
Pitch date: 2024-07-30
RCAT [bullish]
Red Cat Holdings, Inc.
+540.2%
current return
Author Info
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
$1.8B
Pitch Price
$2.04
Price Target
7.10 (-46%)
Dividend
N/A
EV/EBITDA
-26.59
P/E
-20.80
EV/Sales
41.39
Sector
Aerospace and Defense
Category
special_situation
Red Cat Holdings - $RCAT
RCAT: US defense drone maker competing for Army's SRR T2 contract (12k drones, 10yrs). Potential $10 PT on win vs $4.2 status quo. 50% win prob = $7.1 EV (210% upside). Teal 2 drone superior night vision, modularity. Risks: cash burn ($5.1M/q), possible dilution. Gov't demand, protectionism drive asymmetric opportunity. Decision Sep '24.
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