NYSE$RDW

Redwire Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2022 financial results.

Redwire Corporation experienced record revenue and a record quarter for new bookings in Q4 2022. The company's financial performance improved on both a sequential and year-over-year basis, with record revenues and improvement in gross profit, Pro Forma Adjusted EBITDA, and Free Cash Flow.

  • Revenues for the fourth quarter of 2022 increased 30.7% to $53.7 million, as compared to $41.1 million for the fourth quarter of 2021.
  • Total Backlog grew 71.2% year-over-year to $465.1 million as of December 31, 2022, as compared to $271.6 million as of December 31, 2021.
  • Net loss for the fourth quarter of 2022 was $(25.9) million, as compared to $(13.7) million for the fourth quarter of 2021.
  • Book-to-Bill ratio for the fourth quarter 2022 was 3.74, as compared to 1.45 for the fourth quarter 2021.

Headline financials

Total Revenue

$53.7M

Previous: $41.1M+30.7%
EPS (adj)

-$0.43

Previous: -$0.15-186.7%
Capital Expenditures

$833K

Previous: $254K+228.0%
Free Cash Flow

-$5.55M

Previous: -$3.29M-68.8%
Net Income

-$25.9M

Previous: -$13.7M-88.7%
Operating Income

-$25.8M

Previous: -$16.3M-57.8%
Gross Profit

$8.59M

Previous: $7.27M+18.2%
Cash & Equivalents

$28.3M

Previous: $20.5M+38.0%
Total Assets

$258M

Previous: $262M-1.6%
Stock-Based Comp

$2.11M

Previous: $4.19M-49.6%

Revenue & EPS history

Redwire · Revenue · Quarterly

$53.7M

Q4 2022+30.7%vs Q4 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

For the full year ended December 31, 2023, Redwire expects revenue 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 Q4 2022

Historical avgQ4 2022

-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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