Red Cat Holdings, Inc. (NASDAQ:RCAT) Q3 2024 Earnings Call Transcript

Operator: This concludes our question-and-answer session. I would like to turn it back over to Jeff Thompson for any closing remarks.

Jeff Thompson: Great. Thanks, Dave. Well, thanks, everybody. We have mentioned — we believe that we are in a great position to supply drones to the United States military, and we are proud and honored to have them as a customer. We’re also ready and willing to help our allies and expect to start getting traction in NATO soon. Teal drones are incredible tools that give asymmetric capabilities to the warfighter. Our full stack technology, including what’s being developed for SRR enables data link resilience in EW environments, GPS-denied navigation using visual-based navigation, battlefield decision-making with artificial intelligence, natural language operation with AI, object detection and recognition with AI and will ultimately be able to deliver kinetic effects with human assist to fully close the kill chain.

Small drones have changed warfare forever. The Ukraine has demonstrated what small drones can do to expensive military assets. The Wall Street Journal’s recent headline reads drone swarms are about to change the balance of military power. Basically, describing what Teal drones has developed. The second half of calendar 2024 is going to be pivotal for Red Cat, and we are set up for success. Thanks again, and good night.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.