Red Cat Holdings, Inc. (RCAT) Financial Statements (2024 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)

10/31/2023
MRQ
4/30/2023
1/31/2023
MRQ
4/30/2022
4/30/2021
4/30/2020
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2603,8934,0852772376
Cash and cash equivalents3,2603,8934,0852772376
Receivables7812,064913322 1
Inventory, net of allowances, customer advances and progress billings11,9879,2943,89636279 
Inventory11,9879,2943,89636279 
Prepaid expense7601,005262   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss152233  
Disposal group, including discontinued operation      
Other current assets3,3334,5472,3556793 
Other undisclosed current assets11,90219,49244,143  164
Total current assets:32,17540,52855,6531,640318171
Noncurrent Assets
Operating lease, right-of-use asset7057801,019  
Property, plant and equipment2,6502,078512  92
Intangible assets, net (including goodwill)24,35627,40027,83710,0502,486 
Goodwill17,01319,84025,1398,0172,466 
Intangible assets, net (excluding goodwill)7,3437,5602,6992,03220 
Disposal group, including discontinued operation, noncurrent assets      
Other noncurrent assets3073075744 
Total noncurrent assets:28,01830,56529,42510,0532,49092
TOTAL ASSETS:60,19371,09385,07911,6932,808262
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,5182,8372,103542249139
Accounts payable1,9992,4451,019   
Accrued liabilities5193921,08461489495
Other undisclosed accounts payable and accrued liabilities    (72)160(356)
Deferred revenue4012194384638
Debt92290995726911975
Derivative instruments and hedges, liabilities5888561,6072,813  
Disposal group, including discontinued operation      
Due to related parties  4039033415
Other undisclosed current liabilities331319294614892,462
Total current liabilities:4,7615,1405,4394,6748292,690
Noncurrent Liabilities
Long-term debt and lease obligation4025501,724 4501,983
Long-term debt, excluding current maturities402550974 4501,983
Liabilities, other than long-term debt421509 1,753  
Due to related parties   1,753  
Disposal group, including discontinued operation, liabilities      
Operating lease, liability421509750  
Other undisclosed noncurrent liabilities   (750)  (1,904)
Total noncurrent liabilities:8231,0591,7241,75345079
Total liabilities:5,5836,2007,1636,4271,2792,770
Equity
Equity, attributable to parent, including:54,61064,89377,9165,2661,529(2,507)
Preferred stock    21391
Common stock5554542920235
Additional paid in capital109,993109,192106,82121,0264,0442,639
Accumulated other comprehensive loss(861)(1,142)(1,470)   
Accumulated deficit(54,587)(43,221)(27,499)(15,810)(2,574)(5,384)
Other undisclosed equity, attributable to parent101010  1
Total equity:54,61064,89377,9165,2661,529(2,507)
TOTAL LIABILITIES AND EQUITY:60,19371,09385,07911,6932,808262

Income Statement (P&L) ($ in thousands)

10/31/2023
TTM
4/30/2023
1/31/2023
TTM
4/30/2022
4/30/2021
4/30/2020
12/31/2018
Revenues9,9127,7066,4295,000404105
Cost of revenue
(Cost of Goods and Services Sold)
(10,249)(7,012)(5,503)(3,930)(325) 
Other undisclosed gross profit      (352)
Gross profit:(337)6949261,07079(247)
Operating expenses(26,790)(16,691)(13,928)(5,946)(1,738)(1,834)
Operating loss:(27,127)(15,997)(13,002)(4,877)(1,659)(2,081)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
39(253)1,313(8,360)57(1,233)
Interest and debt expense(122)(97)(148)(1,224) (500)
Loss from continuing operations:(27,210)(16,347)(11,837)(14,460)(1,602)(3,814)
Loss before gain (loss) on sale of properties:(10,652)(11,837)(14,460)(1,602)(3,814)
Loss from discontinued operations      
Net loss:(27,210)(16,347)(11,837)(14,460)(1,602)(3,814)
Other undisclosed net income (loss) attributable to parent1226251481,224 1,170
Net loss available to common stockholders, diluted:(27,088)(15,722)(11,689)(13,236)(1,602)(2,643)

Comprehensive Income ($ in thousands)

10/31/2023
TTM
4/30/2023
1/31/2023
TTM
4/30/2022
4/30/2021
4/30/2020
12/31/2018
Net loss:(27,210)(16,347)(11,837)(14,460)(1,602)(3,814)
Comprehensive loss, net of tax, attributable to parent:(27,210)(16,347)(11,837)(14,460)(1,602)(3,814)

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.

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