NYSE$RDW

Redwire Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported first quarter 2023 financial results.

Redwire Corporation reported a strong start to 2023 with record revenue and positive Adjusted EBITDA. Revenues increased 75.3% to $57.6 million compared to the first quarter of 2022, and Adjusted EBITDA increased 193.0% to $4.3 million.

  • 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.
  • Comparable Revenues for the first quarter of 2023 increased 37.9% to $45.3 million, as compared to $32.9 million for the first quarter of 2022.
  • Net Loss for the first quarter of 2023 improved 58.0% to $(7.3) million, as compared to $(17.3) million for the first quarter of 2022.
  • Adjusted EBITDA for the first quarter of 2023 increased 193.0% to $4.3 million as compared to $(4.7) million for the first quarter of 2022.

Headline financials

Total Revenue

$57.6M

No prior period
EPS (adj)

-$0.18

No prior period
Book-to-Bill Ratio

0.51

No prior period
Contracted Backlog

$287M

No prior period
Capital Expenditures

-$787K

No prior period
Free Cash Flow

-$8.05M

No prior period
Net Income

-$7.26M

No prior period
Operating Income

-$2.22M

No prior period
Gross Profit

$14.2M

No prior period
Cash & Equivalents

$11.3M

No prior period
Total Assets

$245M

No prior period
Stock-Based Comp

$1.96M

No prior period

Revenue & EPS history

Redwire · Revenue · Quarterly

$57.6M

Q1 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

For the full year ended December 31, 2023, Redwire affirms that it expects revenues to be in a range of $220.0 million to $250.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-3.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+5.7%

Avg return

30 days after

50%

10 / 20 earnings

Positive

+10.7%

Q4 2025

Best reaction

-28.7%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.7%+19.7%+91.3%
Q4 2025+10.7%+3.8%-5.3%
Q3 2025-18.2%-16.0%-12.5%
Q1 2025-6.1%+8.1%+77.4%
Q4 2024-8.6%-5.9%-16.8%
Q3 2024+6.6%+29.8%+75.9%
Q2 2024-16.2%-12.5%-6.8%
Q1 2024+5.9%+19.0%+29.3%
Q4 2023+0.9%+15.4%+16.3%
Q3 2023-9.3%-16.2%-5.2%
Q2 2023+0.9%+5.0%-4.4%
Q1 2023-1.3%-11.1%-17.6%
Q4 2022+3.4%+12.8%+21.9%
Q3 2022-6.8%-12.5%-28.8%
Q2 2022+3.6%+8.2%-6.3%
Q2 2021-2.2%-6.0%-37.6%
Q3 2021-28.7%-25.1%-29.0%
Q4 2021+6.5%-20.6%-24.4%
Q1 2021+0.3%+0.2%+0.2%
Q4 2020+1.9%-0.9%-3.6%
Q3 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro