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Redwire Corp (NYSE:RDW) shares are moving lower in after-hours Wednesday after the company reported first-quarter results and announced plans to offer and sell up to $350 million in common stock.
- Redwire stock is among today’s weakest performers. What’s pressuring RDW stock?
Redwire Q1 Highlights
Redwire reported first-quarter revenue of $96.97 million, missing analyst estimates of $104.65 million, according to Benzinga Pro. The company posted a first-quarter loss of 40 cents per share, missing estimates for a loss of 15 cents per share.
Total revenue was up 57.9% on a year-over-year basis, driven by “very strong demand” for the company’s differentiated products. Backlog grew to $498.1 million at quarter’s end.
Redwire affirmed its full-year …
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