🔴 Red Cat Holdings is trading 5.19% down in pre-market after Q2 revenue missed expectations

Red Cat Holdings is trading at $8.22 (-5.19%) in pre-market after Q2 revenue of $20.2 million missed analyst expectations.

• Revenue grew 527% year over year, while EPS loss was $0.26 versus the expected $0.20–$0.21 loss.
• Shares came under pressure after the August 6 release.
• Management reaffirmed 2026 revenue guidance of $150 million–$180 million, though production scaling and wider losses remain concerns.