Added to YB: 2024-08-01
Pitch date: 2024-07-30
RCAT [bullish]
Red Cat Holdings, Inc.
+528.92%
current return
Author Info
Company Info
Red Cat Holdings, Inc., together with its subsidiaries, provides products, services, and solutions to the drone industry in the United States.
Market Cap
$1.4B
Pitch Price
$2.04
Price Target
7.10 (-45%)
Dividend
N/A
EV/EBITDA
-20.13
P/E
-11.10
EV/Sales
157.61
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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