Why Redwire Stock Fell After a Record Backlog: Q1 Miss and $350 Million Share Sale Plan
Redwire reported first-quarter revenue of $97.0 million, missing analyst estimates and sending shares down about 10% after hours. Net loss widened to $76.5 million, driven by over $44 million in non-recurring costs. The company announced plans to sell up to $350 million in common stock. Backlog reached a record $498.1 million, and 2026 revenue guidance was reaffirmed.