Red Cat Holdings, Inc. (RCAT) Q2 2026 Earnings Call Transcript

Red Cat Holdings, Inc. ( RCAT ) Q2 2026 Earnings Call August 6, 2026 4:30 PM EDT Company Participants Ankit Hira Christian Ericson - Chief Operating Officer Christian Morrison - CFO, Treasurer & Secretary Jeffrey Thompson - Founder, President, CEO & Chairman Conference Call Participants Austin Bohlig - Needham & Company, LLC, Research Division Ashok Kumar - ThinkEquity LLC, Research Division Alexander Latimore - Northland Capital Markets, Research Division Greg Pendy Presentation Operator Greetings, and welcome to the Red Cat's Second Quarter 2026 Earnings Call. As a reminder, this conference is being recorded. I'll now turn the conference over to Ankit Hira, Investor Relations. Thank you, Ankit. You may begin. Ankit Hira Good afternoon, and welcome to Red Cat's Second Quarter 2026 Earnings Conference Call. Joining us today are Red Cat's CEO, Jeff Thompson; COO, Chris Ericson; and CFO, Christian Morrison. Please note that certain information discussed on the call today will include forward-looking statements for future events and Red Cat's business strategy and future financial and operating performance. These forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict and may cause actual results to differ materially from those stated or implied by those statements. Certain of these risks, uncertainties and assumptions are discussed in Red Cat's SEC filings, including its most recent annual report on Form 10-K and other SEC filings. These forward-looking statements reflect management's beliefs, estimates and predictions as of the date of this live broadcast, August 6, 2026, and Red Cat 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 contain references to non-GAAP financial measures such as adjusted EBITDA and key business metrics such as annual recurring revenue. Non-GAAP measures