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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