Red Cat Holdings, Inc. (RCAT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Redcats third quarter 2025 earnings conference call. My name is Steve and I'll be your operator for today's call. Joining us are the Redcats CEO Jeff Thompson and CFO Chris Erickson. Please note that certain information discussed on today's call will include forward-looking statements of our future events and Redcats business strategy and future financial and operating performance. These forward-looking statements are only prediction and are subject to risk, uncertainties, and absorption that are difficult to predict and may cause actual results to differ materially from those started or implied by those statements. Certain of this risk, uncertainties, and absorption are discussed in REDCAT's SEC filings, including its most recent annual report on Form 10-K and other SEC filings. These forward-looking statements reflect management's belief, estimate, and prediction as on date of this live broadcast, November 13, 2025, and that card undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this call. In addition, our comments on the call today contains reference to non-GAAP financial measures such as adjusted EBITDA and key business metrics such as annual recurring revenue, Non-GAAP measures should be viewed in addition to and not as alternative for the company's reported GAAP results. A reconciliation of these non-GAAP measures to their most directly compared GAAP measures as well as definition of the key business matrix referenced and management reasons for including the non-GAAP measures and key business matrix referenced may be found in the press release. Finally, I would like to remind everyone that this call will be recorded and made available for replay via a li...