earnings
confidence high
sentiment positive
materiality 0.75
Redwire Q1 revenue jumps 52.4% to $87.8M; affirms FY2024 revenue forecast of $300M
Redwire Corp
2024-Q1 EPS reported
-$0.17
revenue$87,792,000
- Revenue $87.8M (up 52.4% YoY); net loss $(8.1)M, slightly wider than $(7.3)M in Q1 2023.
- Adjusted EBITDA $4.3M (flat YoY); free cash flow improved to +$0.4M from $(14.8)M.
- Pipeline ~$6.3B, with $610M bids submitted YTD; 18 ship sets under contract for SDA Transport Layer.
- Net cash from operations positive $2.8M vs $(14.0)M YoY, a $16.8M improvement.