Red Cat Holdings' GAAP loss of $6.863 million for 9 months of fiscal year 2022 was down 32% from $10.09 million in the prior year. Revenue increased 63.9% to $5.117 million from $3.122 million a year earlier.

Red Cat Holdings' GAAP loss for 6 months of fiscal year 2022 was $4.298 million, up 3.9 times from $1.106 million in the prior year. Revenue increased 3.3 times to $3.26 million from $0.976 million a year earlier.

Red Cat Holdings' GAAP loss for 3M 2022 fiscal year was $1.558 million, up 4.1 times from $0.383 million in the previous year. Revenue increased 2.6 times to $1.397 million from $0.548 million a year earlier.

Red Cat has acquired Teal Drones, which makes commercial and government drones. The Golden Eagle, developed by Teal Drones, is one of five drones approved by the U.S. Department of Defense for intelligence, public safety and inspections. Terms of the deal were not disclosed.