Red Cat Holdings Inc. (RCAT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
15 AVE. MUNOZ RIVERA SAN JUAN, 00901-2510 |
| State of Incorp. | |
| Fiscal Year End | April 30 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 7/31/2024 MRQ | 4/30/2024 | 1/31/2024 MRQ | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,067 | 7,697 | 3,260 | 4,085 | 277 | 237 | |||
| Cash and cash equivalents | 6,067 | 7,697 | 3,260 | 4,085 | 277 | 237 | |||
| Receivables | 4,361 | 5,092 | 781 | 913 | 322 | ||||
| Inventory, net of allowances, customer advances and progress billings | 8,007 | 9,093 | 11,987 | 3,896 | 362 | 79 | |||
| Inventory | 8,007 | 9,093 | 11,987 | 3,896 | 362 | 79 | |||
| Prepaid expense | 760 | 262 | |||||||
| Disposal group, including discontinued operation | 3,261 | ||||||||
| Other current assets | 3,962 | 2,798 | 3,333 | 2,355 | 679 | 3 | |||
| Debt securities, held-to-maturity, accrued interest, after allowance for credit loss | ✕ | 152 | ✕ | ||||||
| Other undisclosed current assets | 11,902 | 44,143 | |||||||
| Total current assets: | 22,398 | 27,942 | 32,175 | 55,653 | 1,640 | 318 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,481 | 453 | 705 | 1,019 | |||||
| Property, plant and equipment | 2,341 | 2,478 | 2,650 | 512 | |||||
| Long-term investments and receivables | 9,143 | ||||||||
| Long-term investments | 5,143 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 4,000 | ||||||||
| Intangible assets, net (including goodwill) | 12,883 | 23,685 | 24,356 | 27,837 | 10,050 | 2,486 | |||
| Goodwill | 9,089 | 17,013 | 17,013 | 25,139 | 8,017 | 2,466 | |||
| Intangible assets, net (excluding goodwill) | 3,794 | 6,672 | 7,343 | 2,699 | 2,032 | 20 | |||
| Disposal group, including discontinued operation, noncurrent assets | 456 | ||||||||
| Other noncurrent assets | 293 | 303 | 307 | 57 | 4 | 4 | |||
| Total noncurrent assets: | 26,140 | 27,375 | 28,018 | 29,425 | 10,053 | 2,490 | |||
| TOTAL ASSETS: | 48,538 | 55,317 | 60,193 | 85,079 | 11,693 | 2,808 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,650 | 3,218 | 2,518 | 2,103 | 542 | 249 | |||
| Accounts payable | 1,580 | 2,282 | 1,999 | 1,019 | |||||
| Accrued liabilities | 1,070 | 937 | 519 | 1,084 | 614 | 89 | |||
| Other undisclosed accounts payable and accrued liabilities | (72) | 160 | |||||||
| Deferred revenue | 54 | 52 | 401 | 438 | 46 | 38 | |||
| Debt | 752 | 900 | 922 | 957 | 269 | 119 | |||
| Derivative instruments and hedges, liabilities | 285 | 588 | 1,607 | 2,813 | |||||
| Disposal group, including discontinued operation | 474 | ||||||||
| Due to related parties | ✕ | ✕ | ✕ | 40 | 390 | 334 | |||
| Other undisclosed current liabilities | 196 | 297 | 331 | 294 | 614 | 89 | |||
| Total current liabilities: | 3,651 | 5,228 | 4,761 | 5,439 | 4,674 | 829 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 402 | 1,724 | 450 | ||||||
| Long-term debt, excluding current maturities | 402 | 974 | 450 | ||||||
| Liabilities, other than long-term debt | 1,322 | 516 | 421 | 1,753 | |||||
| Due to related parties | ✕ | ✕ | ✕ | 1,753 | |||||
| Disposal group, including discontinued operation, liabilities | 322 | ||||||||
| Operating lease, liability | 1,322 | 195 | 421 | 750 | |||||
| Other undisclosed noncurrent liabilities | (750) | ||||||||
| Total noncurrent liabilities: | 1,322 | 516 | 823 | 1,724 | 1,753 | 450 | |||
| Total liabilities: | 4,973 | 5,744 | 5,583 | 7,163 | 6,427 | 1,279 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 43,565 | 49,573 | 54,610 | 77,916 | 5,266 | 1,529 | |||
| Preferred stock | 21 | 39 | |||||||
| Common stock | 74 | 74 | 55 | 54 | 29 | 20 | |||
| Additional paid in capital | 124,616 | 121,061 | 109,993 | 106,821 | 21,026 | 4,044 | |||
| Accumulated other comprehensive income (loss) | 5 | 5 | (861) | (1,470) | |||||
| Accumulated deficit | (81,131) | (71,567) | (54,587) | (27,499) | (15,810) | (2,574) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 10 | 10 | |||||
| Total equity: | 43,565 | 49,573 | 54,610 | 77,916 | 5,266 | 1,529 | |||
| TOTAL LIABILITIES AND EQUITY: | 48,538 | 55,317 | 60,193 | 85,079 | 11,693 | 2,808 | |||
Income Statement (P&L) ($ in thousands)
| 7/31/2024 TTM | 4/30/2024 | 1/31/2024 TTM | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 17,836 | 13,732 | 9,912 | 6,429 | 5,000 | 404 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (14,156) | (12,286) | (10,249) | (5,503) | (3,930) | (325) | ||
| Gross profit: | 3,681 | 1,446 | (337) | 926 | 1,070 | 79 | ||
| Operating expenses | (21,557) | (26,597) | (26,790) | (13,928) | (5,946) | (1,738) | ||
| Other undisclosed operating loss | (3,650) | |||||||
| Operating loss: | (21,527) | (25,150) | (27,127) | (13,002) | (4,877) | (1,659) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (532) | 39 | 1,313 | (8,360) | 57 | |||
| Interest and debt expense | (69) | (82) | (122) | (148) | (1,224) | |||
| Loss from continuing operations: | (21,595) | (25,765) | (27,210) | (11,837) | (14,460) | (1,602) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (11,837) | (14,460) | (1,602) | |
| Loss from discontinued operations | (2,526) | (2,141) | ||||||
| Net loss: | (24,121) | (27,906) | (27,210) | (11,837) | (14,460) | (1,602) | ||
| Other undisclosed net income (loss) attributable to parent | 69 | (440) | 122 | 148 | 1,224 | |||
| Net loss available to common stockholders, diluted: | (24,053) | (28,346) | (27,088) | (11,689) | (13,236) | (1,602) | ||
Comprehensive Income ($ in thousands)
| 7/31/2024 TTM | 4/30/2024 | 1/31/2024 TTM | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (24,121) | (27,906) | (27,210) | (11,837) | (14,460) | (1,602) | ||
| Other comprehensive loss | ||||||||
| Comprehensive loss, net of tax, attributable to parent: | (24,121) | (27,906) | (27,210) | (11,837) | (14,460) | (1,602) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.