Red Cat Holdings, Inc. (RCAT) financial statements (2022 and earlier)

Company profile

Business Address 370 HARBOUR DRIVE
HUMACAO, 00791
State of Incorp. NV
Fiscal Year End April 30
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,1122772376559 7
Cash and cash equivalents7,1122772376559 7
Receivables1,117322 10 1
Inventory, net of allowances, customer advances and progress billings2,34036279    
Inventory2,34036279    
Prepaid expense152      
Other current assets2,2356793    
Other undisclosed current assets48,294  164131  
Total current assets:61,2491,640318171691 7
Noncurrent Assets
Operating lease, right-of-use asset824  
Property, plant and equipment263  9226 22
Intangible assets, net (including goodwill), including:28,01310,0502,486   100
Goodwill26,0308,0172,466   (7,651)
Intangible assets, net (excluding goodwill)1,9832,03220   100
Other undisclosed intangible assets, net (including goodwill)      7,651
Other noncurrent assets3644    
Other undisclosed noncurrent assets    34  
Total noncurrent assets:29,13610,0532,4909260 122
TOTAL ASSETS:90,38511,6932,808262750 129
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,015542249139349 59
Accounts payable521      
Accrued liabilities1,49461489495322  
Other undisclosed accounts payable and accrued liabilities (72)160(356)28 59
Deferred revenue3374638
Debt1,128269119751,645 111
Derivative instruments and hedges, liabilities1,3502,813     
Due to related parties4239033415117 143
Other undisclosed current liabilities261614892,462300  
Total current liabilities:5,1324,6748292,6902,410 313
Noncurrent Liabilities
Long-term debt and lease obligation1,912 4501,983   
Long-term debt, excluding current maturities1,339 4501,983   
Operating lease, liability573  
Liabilities, other than long-term debt 1,753     
Due to related parties 1,753     
Other undisclosed noncurrent liabilities(573)  (1,904)199  
Total noncurrent liabilities:1,9121,75345079199  
Total liabilities:7,0446,4271,2792,7702,609 313
Stockholders' equity
Stockholders' equity attributable to parent, including:83,3405,2661,529(2,507)(3,359) (184)
Preferred stock 213910 3
Common stock54292023547 23
Additional paid in capital105,94821,0264,0442,639(666) 24,728
Accumulated other comprehensive income2      
Accumulated deficit(22,673)(15,810)(2,574)(5,384)(2,741) (24,937)
Other undisclosed stockholders' equity attributable to parent10  1   
Other undisclosed stockholders' equity    1,500  
Total stockholders' equity:83,3405,2661,529(2,507)(1,859) (184)
TOTAL LIABILITIES AND EQUITY:90,38511,6932,808262750 129

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

1/31/2022
TTM
4/30/2021
4/30/2020
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,9945,0004041051 59
Cost of revenue(6,101)(3,930)(325) (0) (50)
Cost of goods and services sold(6,101)(3,930)(325)    
Other undisclosed gross profit   (352)   
Gross profit:8941,07079(247)1 10
Operating expenses(11,354)(5,946)(1,738)(1,834)(2,689)(151)(249)
Other operating income, net
(Other undisclosed Other operating income, net)
8,070      
Operating loss:(2,390)(4,877)(1,659)(2,081)(2,688)(151)(239)
Nonoperating income (expense)740(8,360)57(1,233)3,817 (3,309)
Other nonoperating income (expense)740(8,360)57(1,233)3,817  
Interest and debt expense3,297(1,224) (500)(376) 66
Other undisclosed loss from continuing operations before equity method investments, income taxes(8,360)      
Income (loss) before gain (loss) on sale of properties:(6,713)(14,460)(1,602)(3,814)753(151)(3,482)
Other undisclosed net loss      (66)
Net income (loss):(6,713)(14,460)(1,602)(3,814)753(151)(3,548)
Other undisclosed net income (loss) attributable to parent(3,297)1,224 1,170376  
Net income (loss) available to common stockholders, diluted:(10,010)(13,236)(1,602)(2,643)1,129(151)(3,548)

Comprehensive Income ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(6,713)(14,460)(1,602)(3,814)753(151)(3,548)
Comprehensive income (loss), net of tax, attributable to parent:(6,713)(14,460)(1,602)(3,814)753(151)(3,548)

Statements sources

The financial statements are based on the company's filings with the 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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