Red Cat Holdings (RCAT) reported its fiscal second quarter 2025 results, showing a significant net loss of $13.33 million and revenue of $1.53 million, which fell short of analyst expectations of $4.13 million. The company's earnings per share (EPS) loss of $0.18 also missed the estimate of a $0.08 loss. Year-to-date revenue stands at $4.3 million, with cash and accounts receivable totaling $5.7 million. Red Cat has secured an additional $6 million in financing since the end of the quarter and provided guidance for fiscal year 2025, projecting revenue between $80 million and $120 million, including sales related to the U.S. Army’s Short Range Reconnaissance (SRR) Program, for which Red Cat is a winner. Following the earnings report, Red Cat's stock fell by 14.8% in pre-market trading, reflecting investor concerns over its financial performance despite its emphasis on long-term growth.