NYSE$RDW

Redwire Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported second quarter 2024 financial results, showing revenue growth and strategic execution.

Redwire Corporation reported a 30.0% increase in revenue to $78.1 million for the second quarter of 2024. The company's Contracted Backlog increased by 29.9% year-over-year to $354 million. Net loss was $(18.1) million and Adjusted EBITDA was $1.6 million.

  • Revenues increased by 30.0% year-over-year to $78.1 million.
  • Net Loss was $(18.1) million.
  • Adjusted EBITDA was $1.6 million.
  • Contracted Backlog increased by 29.9% year-over-year to $354 million.

Headline financials

Total Revenue

$78.1M

Previous: $60.1M+30.0%
EPS

-$0.42

Previous: -$0.16-162.5%
Contracted Backlog

$354M

Previous: $273M+29.8%
Capital Expenditures

-$2.48M

Previous: -$2.22M-11.3%
Free Cash Flow

-$20.6M

Previous: -$7.69M-167.6%
Net Income

-$18.1M

Previous: -$5.46M-231.1%
Operating Income

-$7.13M

Previous: -$3.86M-84.9%
Gross Profit

$13M

Previous: $15.9M-18.4%
Cash & Equivalents

$30.8M

Previous: $11.2M+174.5%
Total Assets

$260M

Previous: $251M+3.5%
R&D Expense

$1.75M

No prior period
Stock-Based Comp

$1.92M

Previous: $1.91M+0.5%

Revenue & EPS history

Redwire · Revenue · Quarterly

$78.1M

Q2 2024+30%vs Q2 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Redwire affirms its forecast for revenues of $300 million for the full year ended December 31, 2024.

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 Q2 2024

Historical avgQ2 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

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