NYSE$RDW

Redwire Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Redwire reported strong revenue growth and positive Adjusted EBITDA for the third consecutive quarter.

Redwire Corporation reported a 68.1% increase in revenue to $62.6 million for Q3 2023. The company also saw a 39.3% improvement in net loss, which was $(6.3) million, and an increase in Adjusted EBITDA to $4.9 million. Contracted backlog increased 59.5% year-over-year to $253.4 million.

  • Revenues for Q3 2023 increased 68.1% to $62.6 million compared to Q3 2022.
  • Comparable Revenues for Q3 2023 increased 31.8% to $49.1 million compared to Q3 2022.
  • Net Loss for Q3 2023 improved 39.3% to $(6.3) million compared to Q3 2022.
  • Adjusted EBITDA for Q3 2023 increased by $6.4 million to $4.9 million compared to Q3 2022.

Headline financials

Total Revenue

$62.6M

Previous: $37.2M+68.1%
EPS (adj)

-$0.14

Previous: -$0.16+12.5%
Contracted Backlog

$253M

No prior period
Capital Expenditures

-$3.52M

Previous: -$2.79M-26.2%
Free Cash Flow

-$9.78M

Previous: -$13.2M+26.0%
Net Income

-$6.25M

Previous: -$10.4M+40.0%
Operating Income

-$2.72M

Previous: -$10.3M+73.7%
Gross Profit

$17.1M

Previous: $7.95M+115.3%
Cash & Equivalents

$10.9M

Previous: $7.03M+54.4%
Total Assets

$244M

Previous: $184M+32.5%
R&D Expense

$1.53M

No prior period
Stock-Based Comp

$2.45M

Previous: $2.52M-2.7%

Revenue & EPS history

Redwire · Revenue · Quarterly

$62.6M

Q3 2023+68.1%vs Q3 2022
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

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

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 Q3 2023

Historical avgQ3 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

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