Red Cat (RCAT) reported a fiscal Q2 loss late Monday of $0.18 per diluted share, widening from the loss of $0.11 a year earlier.
One analyst polled by FactSet expected a loss of $0.09.
Revenue in the three months ended Oct. 31 fell to $1.53 million from $3.93 million a year earlier.
A lone analyst surveyed by FactSet expected $4.1 million.
The company expects calendar year 2025 sales of $80 million to $120 million.
Shares of Red Cat slumped 12% in recent after-hours activity.
Price: 9.15, Change: -1.30, Percent Change: -12.44
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