04:37 PM EST, 12/16/2024 (MT Newswires) -- Red Cat ( RCAT ) reported a fiscal Q2 loss late Monday of $0.18 per diluted share, widening from the loss of $0.11 a year earlier.

One analyst polled by FactSet expected a loss of $0.09.

Revenue in the three months ended Oct. 31 fell to $1.53 million from $3.93 million a year earlier.

A lone analyst surveyed by FactSet expected $4.1 million.

The company expects calendar year 2025 sales of $80 million to $120 million.

Shares of Red Cat ( RCAT ) slumped 12% in recent after-hours activity.

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