10:25 AM EST, 01/23/2025 (MT Newswires) -- Red Cat Holdings ( RCAT ) received $518,000 in new orders from the Army National Guard and another undisclosed US government agency for 12 Edge 130 drones.

"We are expanding our manufacturing capacity for the Edge 130 to accelerate this momentum," the company said Thursday in a statement.

Red Cat ( RCAT ) shares fell 2.5% in recent Thursday trading, erasing earlier gains.

Price: 8.53, Change: -0.22, Percent Change: -2.45