Red Cat Holdings reports preliminary Q2 revenue $3.9M, 123% sequential increase, guidance beat by 30%

Red Cat Holdings, Inc.

Preliminary Q2 FY2024 revenue ~$3.9M, 123% sequential increase from Q1; 30% above previous guidance.
Backlog at Oct 31, 2023 ~$4.5M, highest in company history.
Affirms Q3 FY2024 revenue guidance ~$5M, representing 28% sequential increase.
CEO Jeff Thompson cites strong demand and improving manufacturing yields by COO Allan Evans.
Conference call scheduled for Nov 8, 2023 at 4:15 pm ET to discuss results.

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