Red Cat Holdings Shares Fall on Widened Loss

Dow Jones

Sep 24, 2024

By Don Nico Forbes

Shares in Red Cat Holdings fell after the company reported a widened net loss for the fiscal first quarter.

Shares were down 8.5% in premarket trading Tuesday at $2.89.

The drone technology company said its net loss for the three months ended July 31 was $12.4 million, or 17 cents a share, compared with a loss of $5.8 million, or 11 cents a share, in the year-prior period.

Write to Don Nico Forbes at don.forbes@wsj.com

(END) Dow Jones Newswires

September 24, 2024 07:15 ET (11:15 GMT)

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