Redwire Q1 revenue up 75% to $57.6M, positive Adj. EBITDA $4.3M, corrects Book-to-Bill

Redwire Corp

2023-Q1 EPS reported -$0.18 revenue$57,605,000

Revenue $57.6M (+75.3% YoY); net loss improved to $(7.3)M from $(17.3)M.
Adjusted EBITDA positive at $4.3M, up 193% YoY from $(4.7)M.
Contracted backlog $286.8M, up 108.8% YoY; LTM Book-to-Bill corrected to 1.76.
FY2023 revenue guidance reaffirmed at $220M-$250M.
Correction: prior Book-to-Bill understated due to omitted Q1 2023 contract awards.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Redwire Corp reported first quarter ended March 31, 2023 results: revenue $57.6 million, net income $(7.3) million. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $57.6 million
Net income: $(7.3) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

with the live stream: https://event.choruscall.com/mediaframe/webcast.html?webcastid=mxus7cl7 Q1 2023 Highlights • Revenues for the first quarter of 2023 increased 75.3% to $57.6 million, as compared to $32.9 million for the first quarter of 2022. Revenues also grew sequentially by 7.3% , as compared to the fourth quarter of 2022. • Comparable Revenues 1 for the

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Source: SEC EDGAR

accession 0001819810-23-000037

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