Shares of Redwire Corp. (NYSE: RDW) surged 17.60% in pre-market trading on Monday following the release of its first quarter 2025 financial results. The space infrastructure company reported a smaller-than-expected loss, despite missing revenue estimates.

Redwire announced a quarterly loss of $0.09 per share, beating analyst consensus estimates of a $0.14 loss by 35.71%. This marked a significant improvement from the $0.17 loss per share reported in the same quarter last year. However, the company's revenues fell short of expectations, coming in at $61.40 million, missing the analyst consensus estimate of $83.86 million by 26.79% and representing a 30.07% decrease from the $87.79 million reported in Q1 2024.

Despite the revenue miss, investors appear to be focusing on the company's improved bottom line and positive developments in its business operations. Redwire highlighted several achievements, including a significant year-over-year and sequential increase in its Book-to-Bill ratio to 0.92, new contract wins, and progress on its previously announced acquisition of Edge Autonomy. The company also maintained its full-year 2025 forecast, projecting revenues of $535 million to $605 million and Adjusted EBITDA of $70 million to $105 million, assuming the completion of the Edge Autonomy acquisition.