earnings
confidence high
sentiment negative
materiality 0.70
Redwire Q2 revenue up 30% to $78.1M; net loss widens to $18.1M, adjusted EBITDA $1.6M
Redwire Corp
2024-Q2 EPS reported
-$0.59
revenue$165,903,000
- Revenue $78.1M (+30% YoY); Net Loss $(18.1)M vs $(5.5)M YoY due partly to $9.0M non-cash warrant liability loss.
- Adjusted EBITDA $1.6M down from $4.4M YoY; Free Cash Flow $(11.2)M vs $1.1M.
- Bookings $114.4M in Q2 (226% sequential increase); Contracted Backlog $354M (+29.9% YoY).
- Full-year 2024 revenue forecast reaffirmed at $300M; LTM Book-to-Bill 1.28.
- Available liquidity $55.8M (+54.1% YoY); Net cash used in ops $(9.5)M in Q2 but positive $5.7M LTM.