---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-23-000298"
form_type: "8-K"
ticker: "RCAT"
cik: "0000748268"
company_name: "Red Cat Holdings, Inc."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:56:13.934710+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Red Cat Q1 revenue $1.75M; guides Q2 $3M and Q3 $5M; sees $20M run-rate

## Summary
- Fiscal Q1 2024 revenue $1.75M from Enterprise Division (Teal Drones), a record.
- Q2 (Oct 31) revenue guidance $3.0M; Q3 (Jan 31) guidance $5.0M; combined ~$10M.
- Backlog of ~$6M in signed purchase orders expected to fulfill by end of Q3.
- CEO expects $20M annual run-rate in Q3; cites DoD Replicator Initiative as opportunity.
- Consumer Division revenue now classified as discontinued operations due to pending asset sale.

## SEC filing metadata
- accession: 0001554795-23-000298
- form_type: 8-K
- ticker: RCAT
- cik: 0000748268
- company_name: Red Cat Holdings, Inc.
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/748268/000155479523000298/0001554795-23-000298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/748268/000155479523000298/rcat0915form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-23-000298
- JSON: https://secwatch.observer/filing/0001554795-23-000298.json
- Plain text: https://secwatch.observer/filing/0001554795-23-000298.txt

## Key facts
- Earnings Releases
  Red Cat Holdings, Inc. reported the fiscal second quarter (three months ending October 31, 2023) results: revenue $3.0 million. Guidance initiated.
  - Period: the fiscal second quarter (three months ending October 31, 2023)
  - Revenue: $3.0 million
  - Guidance: initiated
  - Result: guidance update
  source text: Revenue for the fiscal second quarter (three months ending October 31, 2023) is expected to be $3.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479523000298/0001554795-23-000298-index.htm
- Earnings Releases
  Red Cat Holdings, Inc. reported the three months ended July 31, 2023 results: revenue $1.75 million. Guidance reaffirmed.
  - Period: the three months ended July 31, 2023
  - Revenue: $1.75 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenue in the fiscal first quarter for the three months ending July 31, 2023 was $1.75 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479523000298/0001554795-23-000298-index.htm
- Earnings Releases
  Red Cat Holdings, Inc. reported the fiscal third quarter (three months ending January 31, 2024) results: revenue $5.0 million. Guidance initiated.
  - Period: the fiscal third quarter (three months ending January 31, 2024)
  - Revenue: $5.0 million
  - Guidance: initiated
  - Result: guidance update
  source text: and revenue for the fiscal third quarter (three months ending January 31, 2024) is expected to be $5.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/748268/000155479523000298/0001554795-23-000298-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.