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Red Cat (RCAT) Soars 10.16% Ahead of Earnings; Firm Eyes 1,800% Revenue Jump
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Red Cat Holdings Inc. (NASDAQ:RCAT) is one of the 10 Stocks Making Huge Moves Today. Red Cat rallied for a second day on Wednesday, surging 10.16 percent to close at $16.16 apiece, as investors loaded portfolios ahead of the results of its earnings performance for the fourth quarter and full-year period of 2025. In a notice to its investors, Red Cat Holdings Inc. (NASDAQ:RCAT) said that it would hold an earnings conference after market close on Wednesday, March 18. Photo from Red Cat website The company has earlier this year provided preliminary revenue figures for the said periods, with the fourth quarter expected to soar by 1,842 percent to a range of $24 million to $26.5 million from only $1.3 million in the same period in 2024. In the full year alone, Red Cat Holdings Inc. (NASDAQ:RCAT) is expecting to report revenues of $38 million to $41 million, or growth of 153 percent from the $15.6 million in 2024. “This outperformance was driven by robust demand from defense and government customers, expanding program wins, and our ability to rapidly scale production to meet mission-critical requirements,” Red Cat Holdings Inc. (NASDAQ:RCAT) CEO Jeff Thompson said earlier. “As we look ahead into 2026, we see continued growth, supported by an increased pipeline, improving operating leverage, and our expanding role as a trusted provider of next-generation unmanned systems,” he noted. While we acknowledge the potential of RCAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. Follow Insider Monkey on Google News.