NYSE$RDW

Redwire Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2023 financial results, showing revenue increase and positive Adjusted EBITDA.

Redwire Corporation reported a revenue of $63.5 million and positive Adjusted EBITDA of $1.7 million in Q4 2023. The company's revenues increased by 18.2% compared to the same quarter of the previous year. The company forecasts revenues of $300 million for the full year ended December 31, 2024.

  • Revenues for the fourth quarter of 2023 increased 18.2% to $63.5 million, as compared to $53.7 million for the fourth quarter of 2022.
  • Comparable Revenues for the fourth quarter of 2023 increased 15.5% to $48.6 million, as compared to $42.0 million for the fourth quarter of 2022.
  • Net Loss for the fourth quarter of 2023 improved 68.2% to $(8.2) million, as compared to $(25.9) million for the fourth quarter of 2022.
  • Book-to-bill ratio for the fourth quarter of 2023 was 2.81, as compared to 3.74 as of the fourth quarter of 2022.

Headline financials

Total Revenue

$63.5M

Previous: $53.7M+18.2%
EPS (adj)

-$0.25

Previous: -$0.43+41.9%
Capital Expenditures

-$3.11M

Previous: $833K-473.7%
Free Cash Flow

$13.6M

Previous: -$5.55M+345.0%
Net Income

-$8.22M

Previous: -$25.9M+68.2%
Operating Income

-$6.76M

Previous: -$25.8M+73.8%
Gross Profit

$10.7M

Previous: $8.59M+24.9%
R&D Expense

$989K

No prior period
Stock-Based Comp

$2.34M

Previous: $2.11M+10.7%

Revenue & EPS history

Redwire · Revenue · Quarterly

$63.5M

Q4 2023+18.2%vs Q4 2022
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

For the full year ended December 31, 2024, Redwire is forecasting 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 Q4 2023

Historical avgQ4 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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