Red Cat Holdings reports 68% growth in drone sales in April

The Rotor Riot eCommerce store of drone provider Red Cat Holdings, Inc. (OTC Pink: RCAT) has announced a 68% increase in drone sales since Red Cat´s acquisition of Rotor Riot, LLC, the company said.

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.

As it stands, Rotor Riot and Red Cat are working on a troubleshooting platform intended to help drone pilots fix and enhance the performance of their drones. Rotor Riot´s team of specialists and Red Cat´s DroneBox software are being pooled together for the project.

Red Cat is also currently working on a secure blockchain-centered distributed storage, analytics, and software package for the service drone industry.

Red Cat Holdings, Inc., a Nevada corporation, is a provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to become compliant with regulations.