Kevin Mac's questions to Red Cat Holdings Inc (RCAT) leadership • Q2 2025
Question
Kevin Mac questioned how the Black Widow drone, which was purpose-built for the Army's SRR program, would be adapted to capture non-military business in the U.S., such as law enforcement and first responders.
Answer
CEO Jeff Thompson addressed this by highlighting the imminent U.S. ban on DJI and Autel drones, which he estimates will create a new total addressable market (TAM) of approximately $975 million. He noted that despite its military specifications, the Black Widow's capabilities are applicable to first responders and law enforcement, similar to past products. Thompson stated that Red Cat, which had previously ignored this market to focus on the Army contract, will now actively pursue this significant new opportunity.