This Small Space Stock Just Got Bigger -- and More Profitable
Redwire (RDW) The Motley Fool·2024-09-02 12:08
Redwire will pay a bargain price to acquire a profitable space company. Redwire (RDW 1.20%) has had an interesting month in August. Shares of the satellite parts and space infrastructure company tumbled after the company reported earnings on Aug. 7. On the one hand, second-quarter revenue grew nicely, up 30% year over year and came in nearly $10 million above analyst estimates. On the other hand, Redwire reported a loss 4 times as big as Wall Street had anticipated ($0.42 per share), and free cash flow -- w ...