earnings
confidence high
sentiment positive
materiality 0.75
Redwire Q2 revenue up 63.6% to $60.1M; net loss improves to -$5.5M; affirms FY guidance $220-250M
Redwire Corp
2023-Q2 EPS reported
-$0.34
revenue$117,703,000
- Revenue $60.1M vs $36.7M YoY (+63.6%); Comparable Revenue (pro forma) $45.9M, +24.9% YoY.
- Net loss improved to -$5.5M from -$77.0M YoY (92.9% improvement); Adjusted EBITDA positive $4.4M vs -$4.1M YoY.
- Contracted backlog +68.3% YoY to $272.8M; LTM book-to-bill 1.49.
- Free cash flow positive $1.1M vs -$5.2M YoY; total liquidity $36.2M (cash $11.2M).
- FY 2023 revenue guidance reaffirmed at $220M–$250M.