NYSE$RDW

Redwire Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported a 52.4% increase in revenue and positive adjusted EBITDA.

Redwire Corporation reported a strong start to 2024 with record first-quarter revenue of $87.8 million, a 52.4% increase year-over-year. The company achieved positive Adjusted EBITDA of $4.3 million and positive net cash flow from operations of $2.8 million and positive Free Cash Flow of $0.4 million.

  • Revenues increased 52.4% year-over-year to $87.8 million.
  • Net loss was $(8.1) million, while Adjusted EBITDA was $4.3 million.
  • Net cash provided by operating activities improved year-over-year by $16.8 million to positive $2.8 million.
  • Free Cash Flow improved by $15.2 million to positive $0.4 million.

Headline financials

Total Revenue

$87.8M

Previous: $57.6M+52.4%
EPS

-$0.17

Previous: -$0.18+5.6%
Book-to-Bill Ratio

0.4

Previous: 0.51-21.6%
Adjusted EBITDA

$4.28M

No prior period
Capital Expenditures

-$1.56M

Previous: -$787K-98.3%
Free Cash Flow

-$9.66M

Previous: -$8.05M-20.0%
Net Income

-$8.1M

Previous: -$7.26M-11.5%
Operating Income

-$3.58M

Previous: -$2.22M-61.3%
Gross Profit

$14.8M

Previous: $14.2M+4.3%
Cash & Equivalents

$32.6M

Previous: $11.3M+188.9%
Total Assets

$260M

Previous: $245M+5.9%
R&D Expense

$1.04M

No prior period
Stock-Based Comp

$2.54M

Previous: $1.96M+29.5%

Revenue & EPS history

Redwire · Revenue · Quarterly

$87.8M

Q1 2024+52.4%vs Q1 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Redwire affirms its forecast for full year 2024 revenues of $300 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 2024

Historical avgQ1 2024

-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