Red Cat Holdings, Inc. (RCAT) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.416 Greetings and welcome to the REDCAT Quarterly Earnings. 00:00:04.416 -- 00:00:08.320 At this time, all participants are in a listen-only mode. 00:00:08.320 -- 00:00:13.143 A question and answer session will follow the formal presentation. 00:00:13.726 -- 00:00:16.409 As a reminder, this conference is being recorded. 00:00:16.409 -- 00:00:21.435 It is now my pleasure to introduce your host, Ankit Hira, Investor Relations. 00:00:21.435 -- 00:00:24.736 Thank you, Ankit. You may begin. 00:00:25.559 -- 00:00:29.832 Good afternoon and welcome to REDCAT's fourth quarter and full year 2025 earnings call. 00:00:29.832 -- 00:00:35.220 Joining us are Red Cat CEO Jeff Thompson, COO Chris Erickson, and CFO Christian Morrison. 00:00:35.220 -- 00:00:38.445 Please note that certain information discussed on the call today will include forward-looking 00:00:38.445 -- 00:00:42.771 statements for our future events and Red Cat's business strategy and future financial 00:00:42.771 -- 00:00:46.516 and operating performance. These forward-looking statements are only predictions and 00:00:46.516 -- 00:00:50.142 are subject to risk, uncertainties, and assumptions that are difficult to predict and 00:00:50.142 -- 00:00:54.807 may cause actual results to differ materially from those stated or implied by those statements. 00:00:54.807 -- 00:00:58.611 Certain risks, uncertainties, and assumptions are discussed in REDCAT's SEC filings, 00:00:58.611 -- 00:01:03.375 including its most recent annual report on Form 10-K and other SEC filings. 00:01:03.375 -- 00:01:06.918 These forward-looking statements reflect management's beliefs, estimates, and predictions 00:01:06.918 -- 00:01:11.923 as of the date of this live broadcast, March 18th, 2026, and REDCAT undertakes ...