Drone Sales Surge for Red Cat Holdings

ORLANDO, Fla., June 22, 2020 /PRNewswire/ — Red Cat Holdings, Inc., a Nevada corporation (the “Company” or “Red Cat”) (OTC Pink: RCAT), a provider of products and solutions to the drone industry, announced today that its Rotor Riot eCommerce store has experienced high growth since Red Cat’s acquisition of Rotor Riot, LLC (“Rotor Riot”) several months ago. Specifically, the Company recognized a 68% revenue increase on sales of drones and drone parts in April, compared to March.

Rotor Riot is a hobby-based drone company focused on sales of high-performance drone parts and creation of original YouTube content. On January 23, 2020, Rotor Riot merged with Red Cat, a public company investing in the future of drones.

Since January 2020, Rotor Riot has seen a 32% increase in total sales; a 28% increase in online store sessions; a 51% returning customer rate; and a 70% increase in average order value. This underscores the value of eCommerce, even in a difficult economic climate.

Images and quotes courtesy Prnewswire/RedCat Holdings