This Small Space Stock Just Got Bigger -- and More Profitable
Redwire (NYSE: RDW) 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 -- which had been positive for the space company -- flipped to negative $11.2 million, removing one of the biggest attractions of the stock for investors.
Ouch.
Source Fool.com
