RDW - Redwire plummets as delayed earnings could indicate major issue

Redwire (RDW -12.5%) shares drop as the space company that specializes in acquisitions announces that it will reschedule its Q3 earnings results. Redwire previously put out a press release on Nov. 4 saying that it would report Q3 results on Nov. 10 pre-market. The fact that the company did not provide a reason for the delay is causing fear, uncertainty, and doubt among investors holding the stock. The hold up could signify a major announcement - either positive or negative, but it could also just be an accounting or technical issue that the company was unable to resolve in time given the complexity of its operations. Investors will have to wait until the company provides an update on a new date or any potential issues. SA contributor writes that Redwire's valuation seems cheap, but that the company has yet to prove itself.

For further details see:

Redwire plummets as delayed earnings could indicate major issue