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Redwire defense technology growth accelerates as Q2 revenue surges approximately 89%

The Motley Fool +1 ·

RDW
RDW Redwire Corp
$8.30 -1.89%
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  1. 1Redwire's Q2 revenue was $117.1 million, marking a year-over-year revenue increase of approximately 89%.
  2. 2Defense technology segment revenue surged more than 10-fold to $61.9 million.
  3. 3Redwire's Q2 operating loss narrowed to $22.1 million.

So what's the key point?

Redwire's Q2 revenue increased significantly by 89% compared to last year. The defense technology sector grew substantially, and losses also decreased.

Source The Motley Fool +1 · View original ↗

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