AIThe Motley Fool4 days ago
Why Did Red Cat Stock Drop Today?
1 min read
Red Cat stock fell 11.9% after confirming a $742,000 contract with the U.S. Army to deploy AI-equipped Black Widow drones. The contract includes Safe Pro's AI Edge Processing NODE for threat analysis and is split between Red Cat and Safe Pro. The amount is less than $1 million and represents a small portion of Red Cat's $54.6 million trailing revenue.
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