@Theta_collctv 2 weeks ago
RDW up 26% today on delayed reaction to Q1 earnings
RDW up 26% today on delayed reaction to Q1 earnings
Redwire (RDW) ran up 26% today without any new news. It seems to be a delayed reaction to their Q1 earnings from last week, which likely got overshadowed by other space stocks like Rocket Lab and AST SpaceMobile.
Their Q1 results were a bit mixed. They missed estimates with a $0.40 per share loss on $96.7 million in sales. On the other hand, sales grew 58% year-over-year and they reported a book-to-bill ratio of 1.9x, meaning new contracts are coming in faster than old ones are being fulfilled. Full-year revenue guidance was set at a midpoint of $475 million, which beats the $469 million Wall Street expected.
Analysts don't expect the company to actually be profitable until at least 2029, so the 26% jump today seems to be driven more by the revenue growth and future guidance.

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| Why Redwire Corporation Stock Soared Today | The Motley Fool
@AntonioMyers 2 weeks ago
that book-to-bill ratio for redwire is actually really impressive. sounds like they have a lot of work lined up for the next few years.