Red Cat Holdings, Inc. (RCAT)

US — Technology Sector
Peers:   QUBT  RGTI  QBTS  STRC  ALOT  KTCC  INVE  VLD  SSYS  DM  DDD  AGMH  TACT  QMCO 

Automate Your Wheel Strategy on RCAT

With Tiblio's Option Bot, you can configure your own wheel strategy including RCAT - and automate your put writes, covered calls, and full wheel strategy. Just connect one of the supported brokerages: tastytrade, Schwab, TradeStation or Tradier and go.

Start Your Free Trial Now

Key Metrics & Ratings

  • symbol RCAT
  • Rev/Share 0.1433
  • Book/Share 0.3322
  • PB 18.6915
  • Debt/Equity 0.962
  • CurrentRatio 1.0175
  • ROIC -1.6623

 

  • MktCap 574584696.0
  • FreeCF/Share -0.3661
  • PFCF -18.3559
  • PE -9.6591
  • Debt/Assets 0.9196
  • DivYield 0
  • ROE -1.6959

 

  • Rating
  • Score
  • Recommendation
  • P/E Score
  • DCF Score
  • P/B Score
  • D/E Score

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation RCAT Northland Capital -- Outperform -- $13 March 11, 2025

News

RCAT INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Red Cat Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
RCAT
Published: May 28, 2025 by: Business Wire
Sentiment: Neutral

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Red Cat business and prospects, resulting in its stock trading at inflated prices.

Read More
image for news RCAT INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Red Cat Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Shareholders who lost money on Red Cat Holdings, Inc. (NASDAQ: RCAT) Should Contact Wolf Haldenstein
RCAT
Published: May 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased the securities of Red Cat Holdings, Inc. (Red Cat or the Company) (NASDAQ: RCAT).

Read More
image for news Shareholders who lost money on Red Cat Holdings, Inc. (NASDAQ: RCAT) Should Contact Wolf Haldenstein
Red Cat Partners with ESAero to Support Manufacturing for Teal's Black Widow™
RCAT
Published: May 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

ESAero will provide AS9100 manufacturing capacity and engineering services to support production of the Black Widow sUAS ESAero will provide AS9100 manufacturing capacity and engineering services to support production of the Black Widow sUAS

Read More
image for news Red Cat Partners with ESAero to Support Manufacturing for Teal's Black Widow™
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Red Cat Holdings, Inc. (RCAT)
RCAT
Published: May 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of all persons or entities who purchased the securities of Red Cat Holdings, Inc. (“Red Cat” or the “Company”) (NASDAQ: RCAT) between March 18, 2022 and January 15, 2025, both dates inclusive (the “Class Period”).

Read More
image for news Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Red Cat Holdings, Inc. (RCAT)
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Red Cat (RCAT) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
RCAT
Published: May 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, May 27, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Red Cat Holdings, Inc. (“Red Cat” or the “Company”) (NASDAQ: RCAT). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information, including allegations that: (i) the Salt Lake City Facility's production capacity, and Defendants' progress in developing the same, was overstated; (ii) the overall value of the SRR Contract was overstated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

Read More
image for news INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Red Cat (RCAT) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
Pomerantz Law Firm Announces the Filing of a Class Action Against Red Cat Holdings, Inc. and Certain Officers - RCAT
RCAT
Published: May 27, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / May 27, 2025 / Pomerantz LLP announces that a class action lawsuit has been filed against Red Cat Holdings, Inc. ("Red Cat" or the "Company") (NASDAQ:RCAT) and certain officers. The class action, filed in the United States District Court for the District of New Jersey, and docketed under 25-cv-05427, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Red Cat securities between March 18, 2022 and January 15, 2025, both dates inclusive (the "Class Period"), seeking to recover damages caused by …

Read More
image for news Pomerantz Law Firm Announces the Filing of a Class Action Against Red Cat Holdings, Inc. and Certain Officers - RCAT
RCAT Investor ALERT: Red Cat Holdings, Inc. Sued For Securities Fraud; Investors Should Contact Block & Leviton to Potentially Recover Losses
RCAT
Published: May 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

BOSTON, May 27, 2025 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against Red Cat Holdings, Inc. (Nasdaq: RCAT) and certain of its executives. Investors who have lost money in their Red Cat Holdings investment should contact the firm to learn more about how they might recover those losses.

Read More
image for news RCAT Investor ALERT: Red Cat Holdings, Inc. Sued For Securities Fraud; Investors Should Contact Block & Leviton to Potentially Recover Losses
RCAT Investor Notice: Robbins LLP Informs Stockholders of the Red Cat Holdings, Inc. Class Action
RCAT
Published: May 23, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN DIEGO, May 23, 2025 (GLOBE NEWSWIRE) -- Robbins LLP informs stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022 and January 15, 2025. Red Cat, together with its subsidiaries, provides various products, services, and solutions to the U.S. drone industry.

Read More
image for news RCAT Investor Notice: Robbins LLP Informs Stockholders of the Red Cat Holdings, Inc. Class Action
Pomerantz Law Firm Announces the Filing of a Class Action Against Red Cat Holdings, Inc. and Certain Officers - RCAT
RCAT
Published: May 23, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 23, 2025 / Pomerantz LLP announces that a class action lawsuit has been filed against Red Cat Holdings, Inc. ("Red Cat" or the "Company") (NASDAQ:RCAT) and certain officers. The class action, filed in the United States District Court for the District of New Jersey, and docketed under 25-cv- 05427, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Red Cat securities between March 18, 2022 and January 15, 2025, both dates inclusive (the "Class Period"), seeking to recover damages caused by …

Read More
image for news Pomerantz Law Firm Announces the Filing of a Class Action Against Red Cat Holdings, Inc. and Certain Officers - RCAT
Red Cat: Patience Warranted
RCAT
Published: May 16, 2025 by: Seeking Alpha
Sentiment: Positive

Red Cat Holdings, Inc. reported minimal Q1 sales, but the company reiterated $80 to $120 million revenue guidance for 2025 pointing to explosive growth ahead. The drone company is rapidly scaling production, with Edge-130 and Black Widow drones driving potential quarterly revenues of $50M by year-end. RCAT stock has a $600 million market cap and a conservative target for 2026 revenues of $150 million with a likely Russell 2000 inclusion providing a major catalyst.

Read More
image for news Red Cat: Patience Warranted
Red Cat to Report Q1 2025 Earnings and Provide Corporate Update on Wednesday, May 14, 2025
RCAT
Published: May 08, 2025 by: GlobeNewsWire
Sentiment: Neutral

Conference Call to be held Wednesday, May 14, 2025 at 4:30 p.m. Eastern Time Conference Call to be held Wednesday, May 14, 2025 at 4:30 p.m. Eastern Time

Read More
image for news Red Cat to Report Q1 2025 Earnings and Provide Corporate Update on Wednesday, May 14, 2025
Red Cat: Overlooked Drone Opportunity
RCAT
Published: April 02, 2025 by: Seeking Alpha
Sentiment: Positive

Red Cat Holdings, Inc. is poised for significant revenue growth in 2025, driven by new military contracts. Despite a 50% stock drop, Red Cat's future looks promising, with expected revenues of $80-$120 million in 2025 and high gross margins. The company's collaboration with Palantir enhances drone capabilities, potentially boosting software gross margins to 80-90%, with additional revenue opportunities from replacing Chinese drones.

Read More
image for news Red Cat: Overlooked Drone Opportunity
Red Cat Announces Appointment of Christian Koji Ericson as Chief Financial Officer
RCAT
Published: March 12, 2025 by: GlobeNewsWire
Sentiment: Neutral

SALT LAKE CITY, March 12, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the appointment of Christian Koji Ericson as its new Chief Financial Officer (CFO), effective March 17, 2025.

Read More
image for news Red Cat Announces Appointment of Christian Koji Ericson as Chief Financial Officer
Red Cat Holdings Investor News: If You Have Suffered Losses in Red Cat Holdings, Inc. (NASDAQ: RCAT), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
RCAT
Published: March 07, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public.

Read More
image for news Red Cat Holdings Investor News: If You Have Suffered Losses in Red Cat Holdings, Inc. (NASDAQ: RCAT), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
An Investigation Has Been Launched Into Red Cat Holdings, Inc. For Securities Law Violations And Shareholders With Losses Are Urged To Contact The Schall Law Firm
RCAT
Published: February 28, 2025 by: Accesswire
Sentiment: Neutral

LOS ANGELES, CA / ACCESS Newswire / February 28, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or "the Company") (NASDAQ:RCAT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news An Investigation Has Been Launched Into Red Cat Holdings, Inc. For Securities Law Violations And Shareholders With Losses Are Urged To Contact The Schall Law Firm
RCAT Investor News: Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
RCAT
Published: February 27, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Feb. 27, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public. So What: If you purchased Red Cat securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news RCAT Investor News: Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Red Cat Holdings, Inc. - RCAT
RCAT
Published: February 25, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Feb. 25, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or the "Company") (NASDAQ: RCAT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Red Cat Holdings, Inc. - RCAT
The Schall Law Firm Invites Investors With Losses In Red Cat Holdings, Inc. To Join A Securities Fraud Investigation
RCAT
Published: February 25, 2025 by: Accesswire
Sentiment: Neutral

LOS ANGELES, CA / ACCESS Newswire / February 25, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or "the Company") (NASDAQ:RCAT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news The Schall Law Firm Invites Investors With Losses In Red Cat Holdings, Inc. To Join A Securities Fraud Investigation
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
RCAT
Published: February 24, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / February 24, 2025 / WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ:RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Red Cat securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
An Investigation Has Been Launched Into Red Cat Holdings, Inc. For Securities Law Violations And Shareholders With Losses Are Urged To Contact The Schall Law Firm
RCAT
Published: February 24, 2025 by: Accesswire
Sentiment: Neutral

LOS ANGELES, CA / ACCESS Newswire / February 24, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or "the Company") (NASDAQ:RCAT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news An Investigation Has Been Launched Into Red Cat Holdings, Inc. For Securities Law Violations And Shareholders With Losses Are Urged To Contact The Schall Law Firm
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
RCAT
Published: February 21, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / February 21, 2025 / WHY: New York, N.Y., February 21, 2025.

Read More
image for news ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
The Schall Law Firm Invites Investors With Losses In Red Cat Holdings, Inc. To Join A Securities Fraud Investigation
RCAT
Published: February 21, 2025 by: Accesswire
Sentiment: Neutral

LOS ANGELES, CA / ACCESS Newswire / February 21, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or "the Company") (NASDAQ:RCAT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news The Schall Law Firm Invites Investors With Losses In Red Cat Holdings, Inc. To Join A Securities Fraud Investigation
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
RCAT
Published: February 20, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / February 20, 2025 / Rosen Law Firm PA WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ:RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Red Cat securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
Red Cat Holdings, Inc. Is Being Investigated For Securities Law Violations And Shareholders With Losses Are Urged To Contact The Schall Law Firm
RCAT
Published: February 20, 2025 by: Accesswire
Sentiment: Neutral

LOS ANGELES, CA / ACCESS Newswire / February 20, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or "the Company") (NASDAQ:RCAT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news Red Cat Holdings, Inc. Is Being Investigated For Securities Law Violations And Shareholders With Losses Are Urged To Contact The Schall Law Firm
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Red Cat Holdings, Inc. - RCAT
RCAT
Published: February 19, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / February 19, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or the "Company") (NASDAQ:RCAT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Red Cat Holdings, Inc. - RCAT
Red Cat Holdings Investor News: If You Have Suffered Losses in Red Cat Holdings, Inc. (NASDAQ: RCAT), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
RCAT
Published: February 19, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public.

Read More
image for news Red Cat Holdings Investor News: If You Have Suffered Losses in Red Cat Holdings, Inc. (NASDAQ: RCAT), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Red Cat Holdings, Inc. - RCAT
RCAT
Published: February 18, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Feb. 18, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or the "Company") (NASDAQ: RCAT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Red Cat Holdings, Inc. - RCAT
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
RCAT
Published: February 18, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / February 18, 2025 / WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ:RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Red Cat securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
RCAT
Published: February 17, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Feb. 17, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public. So What: If you purchased Red Cat securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Read More
image for news Rosen Law Firm Encourages Red Cat Holdings, Inc. Investors to Inquire About Securities Class Action Investigation - RCAT
The Schall Law Firm Invites Investors With Losses In Red Cat Holdings, Inc. To Join A Securities Fraud Investigation
RCAT
Published: February 17, 2025 by: Accesswire
Sentiment: Neutral

LOS ANGELES, CA / ACCESS Newswire / February 17, 2025 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Red Cat Holdings, Inc. ("Red Cat" or "the Company") (NASDAQ:RCAT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news The Schall Law Firm Invites Investors With Losses In Red Cat Holdings, Inc. To Join A Securities Fraud Investigation

About Red Cat Holdings, Inc. (RCAT)

  • IPO Date 2002-01-16
  • Website https://www.redcatholdings.com
  • Industry Computer Hardware
  • CEO Mr. Jeffrey M. Thompson
  • Employees 115

Red Cat Holdings, Inc., through its subsidiaries, provides various products, services, and solutions to the drone industry. It offers commercial and government unmanned aerial vehicle technology for reconnaissance, public safety, and inspection applications. The company also provides First Person View (FPV) video goggles; and software and hardware solutions that enable drones to complete inspection services in locations where global positioning systems are not available. In addition, it is involved in the sales of FPV drones and equipment primarily to the consumer marketplace. Red Cat Holdings, Inc.is based in San Juan, Puerto Rico.