Redwire Shares Up 27%, Focus Turns to Next Test Today
Redwire Corp shares held near $14.06 in premarket trading Monday after a 27% rally last week, as investors awaited updates from the SOF Week defense event in Tampa. The company reported a contracted backlog of $498.1 million at March 31 and first-quarter revenue of $97.0 million, but posted a net loss of $76.5 million. Redwire recently launched a $350 million at-the-market stock sale program.