First Person View (FPV) Drone Sales up 68% for April.
First Person View (FPV) drones takes the game to a brand new level as now operators are using a system of cameras and virtual reality headsets to essential take to the cockpit of these unmanned aerial vehicles to operate them from a first person view.
First Person View (FPV) drones are taking off and soaring into the market as the demand for responsive, durable, fast and exciting are growing. Chances are you have already watched a Youtube video or maybe even a professional video that has been filmed with the use of a drone. We can see how the application for filming with drones has shown us possibilities that have once never been perceivable.
The technology is out there currently and at a price point to where someone who has never flown a drone before can get all the necessary equipment to have their own system. Companies such as RotorRiot sell parts and kits for individuals looking to start operating their own FPV drones.
Rotor Riot, LLC (Rotor Riot) was recently acquired by Red Cat Holdings, Inc. a Nevada corporation (OTC PINK: RCAT) which is a supplier of products and solutions to the drone industry. In the recent weeks Rotor Riot eCommerce store has experience a surge in new orders in drones and drone parts in April as compared to March. With revenue increasing by 68% in such a short times notices the demand for new equipment is showing to be on the rise.
The FPV Drone System
An FPV Drone System consists of several different parts.
The Parts that Fly
- The Frame
- The Flight System
- The FPV System
The Parts That Don’t Fly
- The FPV Goggles
- The Remote
- The Gear, Equipment & Tools
Rotor Riot Leading the Industry
Rotor Riot is focused on the hobby-based drone enthusiast. Similar to how the interest for Remote Control cars and boats have swept to niche enthusiast looking to enjoy model version of their favorite vehicles this present a unique niche for those in the drone scene.
High performance parts, precision, style are the factors which are leading design and vision for the company. The use of engaging and entertaining Youtube videos are being used to create interest to a specific style of consumer. Harness the power of attention and desire to attract individuals to take ownership of their drone by making a system that will be unique to them.
The drone kits can start at a range of around $299 – 799. With the addition of cameras, FPV googles, transmitters, and parts the price of the drone could range in the $1,200 – $2,000 range depending on the selection of parts used to create the drone.
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. -PNRNEWSIRE
Jeff Thompson, CEO of Red Cat said: “It is great to see Rotor Riot continue to develop in such a unique way. Since taking over their own fulfillment in September, Rotor Riot has been able to apply more focus to its vision of providing complete performance drones. This new autonomy has led to the best sales month in company history. We believe the Rotor Riot and Red Cat partnership will continue to rapidly grow.”
FPV Drone Freestyle
Extreme sports have shown to attract millions of viewers as crowds gather to watch physic-defying performances. First Person Drone Freestyle flying can provide a new sense of excitement for the operator and for those watching the show.
Learning and mastering the control behind being bale to maneuver the drone in manners that shock and awe others is a skill that many are developing a passion towards.
The ability for one to express themselves through a new medium. The element which really makes this niche quite exhilarating is that the applications are endless. The versatile range of movements that one can use are boundless allowing for unique and precise movements.
FPV Drone Cinematography
The sights and footage that can come out from some FPV flights can really leave guest in awe. Take for example this video which takes viewers on an unduplicatable journey through a winter wonderland mountain range.
Instead of focusing on stunts and tricks, Cinematic FPV aims to present expansive landscapes, breathtaking scenery, or fast-moving subjects in an aesthetically pleasing way. Cinematic FPV pilots aim to minimize camera movement, rather than drawing attention to it like with Freestyle.
A Niche for Everyone
As we look at the various markets which drones can service the range of applications is quite diverse. For those who enjoy the thrill and excitement that comes with operating FPV drones, they will be quick to create a Drone that represents their style.
Taking part in group activities and creating edgy content is going to be the driving focus towards those looking to define their personality with the applications of the drone.
In the same industry we can also see those who are looking to create more of the cinematic experience for their own projects and also potentially for interested clients. As the demand for more drone footage and video comes up the need for more quality content will be on the rise.
For those who are skilled in being able to operate drones and market their skills to business, they have a unique ability to provide services for their company. Creating new opportunities for marketing that was never once possible the applications for drones in the business world are starting to show more promising.
The world of drones can be pretty confusing for newcomers so RotorRiot created an extremely informative and insightful beginners guide to how you can start to create and design your own FPV drone. Make sure to check out the article if you are even just slightly interested in learning more about how you can start to fly First Person View Drones. Rotor Riot Beginners Guide
Red Cat is also currently working on a secure blockchain-centered distributed storage, analytics, and software package for the service drone industry.
With the drone market poised to be among the fastest growing tech markets, more and more people of all ages are buying drones and drone accessories. Drones are growing in popularity in uses ranging from aerial photography to content creation.
Rotor Riot and Red Cat are both thrilled about the spike in online sales and look forward to seeing where 2020 takes the combined company. With new projects already underway, 2020 is shaping up to be an exciting year for both Rotor Riot and Red Cat.
About Red Cat Holdings, Inc.
Red Cat is a leading 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. Red Cat’s success is driven by a commitment to deliver unrivaled innovation that makes drones trackable and accountable, and the sky a safer place. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visit www.redcatpropware.com.
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Red Cat Holding is currently traded over the counter with the ticker symbol : (RCAT). The value of the company has had a wide range of movement from the past year where back in April 2018 we can see the price of one share sitting at just under $16. With the current stock price at $1.28 we are trading near all time lows of the range. Based on the technical portion of Red Cat holdings it is difficult to be able to determine the next probable price range. Trading volume for the asset remains low and overall attention towards the company is relatively low in comparison to other liquid assets.
As of right now we have not see many large institutions put on new positions in drone companies. The hype and attention towards these technology advancements have not yet caught up to the market place. There is a potential for this stock to gain attention from larger institutional organizations. Once a large investment firm start to look at the asset and potentially determine a price point one can expect to see the stock price start to move rapidly. At the time being we are still seeing low volume and as well low stock price.
Considering that the chart is not providing any clear technical indicators that would be able to help technicians determine high probability price areas we can see the next resistance level is sitting at $8 a share. There was a spike in trading volume near the start of the year as we can see price sitting right below the $1 value. With more attention being brought to the asset the potential for there to be more movement in the underlying asset rises in correlation.
Assets with a value of under $5 a share have a greater tendency for volatility. Although the companies sales have increased 68% from one month to the next investors will be looking for year over year returns. Should they show to remain profitable near the end of the year with projections for growth to follow then we can expect to see the buy orders start to fill.
Until then this company is providing a great opportunity for those who believe in the technology. For those individuals who are passionate towards drones and the countless applications which it can be applied to, this create a unique timing entry for a long position. Being ahead of the curve is a key factor in being able to experience the greatest growth.
Certain statements contained in this press release are “forward-looking statements” within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The Company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof.