Red cat reports record revenues for fiscal third quarter – suas news

Pink Cat Holdings, Inc. (OTCQB: RCAT)  (“Pink Cat” or the “Firm”), a number one model within the drone trade, reviewed its lately reported monetary outcomes for its fiscal third quarter which included report quarterly revenues.

“We’re happy to report report quarterly revenues exceeding $2 million for our fiscal third quarter pushed by the primary full quarterly contribution from our Fats Shark subsidiary which was acquired in November 2020,” said Jeffrey Thompson, Chief Govt Officer. “Our Rotor Riot subsidiary is on monitor to achieve report annual revenues for our fiscal 12 months which ends on April 30. Lastly, we sit up for the potential income contribution related to the acquisition of Skypersonic which we count on to shut in April.”

“Whereas our internet loss for the 9 months ended January 31 totaled roughly $10 million, greater than $9 million of that loss might be attributed to non-cash bills, together with greater than $eight million of by-product associated prices,” said Joseph Hernon, Chief Monetary Officer. “With an adjusted 12 months so far internet loss, excluding non-cash prices, of roughly $1 million, Pink Cat could be very properly positioned on an working foundation.”

About Pink Cat
Pink Cat supplies merchandise, providers and options to the drone trade by means of its three wholly-owned subsidiaries. Fats Shark Holdings is the main supplier of First Individual View (FPV) video goggles to the drone trade. Rotor Riot, LLC is a pacesetter within the sale of FPV drones and gear, primarily to the buyer market by means of its digital storefront situated at Rotor Riot enjoys excessive visibility in social media by means of its Fb web page and its sponsorship of an expert drone racing group which has received quite a few championships. Pink Cat Propware is creating a Software program-as-a-Answer (“SaaS”) platform to supply drone flight knowledge analytics and storage, in addition to diagnostic services.

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