Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Red Cat Holdings has added another strategic layer to its expanding defense robotics platform by closing the acquisition of Quaze Technologies, a Québec-based wireless power transfer specialist focused on drones, unmanned systems and autonomous machines.</li><li>The transaction comes shortly after Red Cat reported record Q1 2026 revenue of $15.5 million, up 849% year-over-year, while highlighting a growing opportunity pipeline across Black Widow drones, FlightWave TRICHON systems and the Blue Ops uncrewed surface vessel fleet.</li><li>Management also pointed to stronger defense funding tailwinds, international demand and a target annual revenue range of $150 million to $180 million.</li></ul>

Red Cat Holdings has added another strategic layer to its expanding defense robotics platform by closing the acquisition of Quaze Technologies, a Québec-based wireless power transfer specialist focused on drones, unmanned systems and autonomous machines.The transaction comes shortly after Red Cat reported record Q1 2026 revenue of $15.5 million, up 849% year-over-year, while highlighting a growing opportunity pipeline across Black Widow drones, FlightWave TRICHON systems and the Blue Ops uncrewed surface vessel fleet.Management also pointed to stronger defense funding tailwinds, international demand and a target annual revenue range of $150 million to $180 million.

Red Cat Buyout Buzz: Why Quaze Could Change Its Autonomy Story!