BUZZ - Redwire shares fall as Q3 revenue misses expectations, overshadowing growing order volume

November 5 - ** The space infrastructure company Redwire (RDW.N) saw its share price fall by about 4% in pre-market trading, to $7.42

** According to data compiled by London Stock Exchange Group (LSEG), the company's third-quarter revenue was $109.04 million, below the estimated $125.68 million (link)

** RDW’s defense technology division sells operational technology to the US and allied governments; its third-quarter sales fell by 16%

** Nevertheless, orders for this business unit more than doubled compared to the same period last year, suggesting the decline in revenue may be more due to delivery delays rather than weak demand

** “While the timing of revenue remains uneven, revenue quality is improving,” CEO Peter Cannito said

** The company's third-quarter net loss per share was 9 cents, better than analysts’ expectation of 12 cents per share

** As of Wednesday, the company's share price had increased slightly by 1.6% so far this year

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