Redwire reports Q1 EPS (9c) vs. (17c) last year

Reports Q1 revenue $61.4M vs. $87.8 last year. “Bookings increased significantly compared to Q4, with key wins coming from the European market; however, there were notable delays in awards in the U.S. government market due to transition of key decision makers in NASA, SDA and other agencies, as well as budget uncertainty associated with new administration priorities. However, we are confident that Redwire’s (RDW) geographic, product and customer diversity across Civil, Commercial, and National Security markets continues to provide resiliency in our business model,” stated Peter Cannito, Chairman and CEO of Redwire. “At a time when European defense and space budgets are increasing, Redwire is expanding its presence in Europe with a new office in Poland to support ongoing international wins including a contract from Thales Alenia Space for the IBDM I-Hab as well as ESA study contracts for the Mars LightShip initiative and ARRAKIHS dark matter mission.”