$RDW

Redwire Corporation's stock dropped roughly 10% after its Q1 revenue of $96.97 million missed analyst expectations, despite a 57.9% year-over-year jump and a record $498.1 million backlog. The company also announced plans to register up to $350 million in common stock for potential sale, raising concerns about share dilution among investors. Although gross margins improved significantly, a ballooning net loss due to non-recurring items further contributed to investor disappointment.