Added to YB: 2024-07-11
Pitch date: 2024-07-10
RCAT [bullish]
Red Cat Holdings, Inc.
+813.29%
current return
Author Info
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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
$1.43
Price Target
12.00 (-8%)
Dividend
N/A
EV/EBITDA
-26.59
P/E
-20.80
EV/Sales
41.39
Sector
Aerospace and Defense
Category
growth
Inflecting Drone Company w/ Near-Term (+300% vs. -30%) Binary Event ($RCAT)
RCAT: Only public US small defense drone maker. 50%+ chance of winning $600m-$1b DIU contract. Teal subsidiary drives revenue, strong growth. Drones crucial in modern warfare. US govt supporting domestic production. $12 PT, 1000% upside. Risks: Trump presidency, over-acquisition, slow direct sales. Comps show massive upside potential on govt contracts.
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