NYSE:RDWAerospace & Defense
Redwire (RDW) Is Down 11.8% After Lowered Revenue Guidance and Widened Net Loss - What's Changed
In the past week, Redwire Corporation announced a follow-on equity offering of US$250 million and reported third-quarter results with sales of US$103.43 million but a widened net loss of US$41.15 million compared to the previous year.
The company lowered its full-year revenue guidance to US$320 million–US$340 million, citing delayed U.S. government orders resulting from an ongoing government shutdown, which has influenced the timing of anticipated contract awards.
We'll examine how Redwire's...