Drone technology firm Red Cat falls after Q2 results

Red Cat Holdings

17/12/2024 14:34

** wider Q2 loss and lower sales
    ** San Juan, 
  
    
      
    
  
    
      
    
  
    
      
    
  
    
      
    
    
       with Palantir Technologies  PLTR.N 
  
    ** Last month, co's Black Widow drones  for the U.S. Army's
short range reconnaissance program
  
    ** With move on Tues, RCAT shares tripled over the past
three months. Stock ended 2023 at 88 cents
  
    ** Just 2 brokerages cover RCAT: Ladenburg rates "strong
buy" with $9 PT and ThinkEquity has "buy" with $5 PT, per LSEG
data
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380))