Red Cat Holdings Sees 20.7% Spike in FY2025 Defense Revenue Guidance Amid Regulatory Shifts and New Program Wins.

Red Cat Holdings (RCAT) stock surged 20.7% after the company issued strong FY2025 defense revenue guidance, projecting Q4 revenue of $24.0-$26.5 million and full-year revenue of $38.0-$41.0 million. The year-on-year revenue increase indicates Red Cat's growing presence in the US unmanned systems market. However, investors should be cautious about sustained profitability, execution by the new management team, and potential further dilution.