earnings
confidence high
sentiment neutral
materiality 0.65
Redwire Q3 revenue $68.6M (+9.6% YoY); net loss $(21.0)M includes $8M litigation charge
Redwire Corp
2024-Q3 EPS reported
-$0.96
revenue$234,541,000
- Net loss widened to $(21.0)M from $(6.3)M YoY, including an $8.0M loss contingency for Lemen v. Redwire securities lawsuit.
- Adjusted EBITDA fell to $2.4M from $4.9M; Free Cash Flow was $(20.5)M vs $(5.9)M YoY.
- Contracted backlog grew 30.2% YoY to $330.1M; total liquidity improved 98% to $61.1M.
- Completed acquisition of Hera Systems, expanding spacecraft portfolio for national security missions.
- Full-year 2024 revenue forecast reaffirmed at $310M; bids submitted for 9M 2024 reached $2.9B, more than triple YoY.