Redwire Stock Drops After Q3 Earnings Miss Estimates
1. Redwire Corp. missed Q3 earnings estimates, reporting losses of 37 cents per share. 2. Quarterly revenue also fell short at $103.43 million against $128.68 million expectations. 3. Adjusted Gross Margin reached 27.1% with a Book-to-Bill ratio increase to 1.25. 4. Contracted Backlog grew to $355.6 million, indicating growth potential. 5. CEO claims acquisition of Edge Autonomy strengthens operational and financial positioning.