NYSE$RDW

Redwire Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Redwire reported revenue growth but faced significant losses in Q4 2024.

Redwire Corporation's Q4 2024 revenue increased by 9.6% to $69.6 million. However, the company reported a net loss of $67.2 million, impacted by a $43.8 million non-cash loss from private warrant liabilities. Operating losses widened, and adjusted EBITDA declined significantly to negative $9.2 million. Free cash flow improved sequentially to $3.0 million.

  • Revenue increased 9.6% year-over-year to $69.6 million.
  • Net loss widened to $67.2 million, largely due to a non-cash loss from warrant liabilities.
  • Operating losses increased to $18.98 million due to cost overruns and unfavorable EAC changes.
  • Free cash flow turned positive at $3.0 million, marking an improvement from previous quarters.

Headline financials

Total Revenue

$69.6M

Previous: $63.5M+9.6%
EPS (adj)

-$1.38

Previous: -$0.25-452.0%
Book-to-Bill Ratio

0.51

No prior period
Adjusted EBITDA

-$9.15M

No prior period
Contracted Backlog

$297M

No prior period
Capital Expenditures

-$4.06M

Previous: -$3.11M-30.5%
Net Income

-$67.2M

Previous: -$8.22M-717.5%
Operating Income

-$19M

Previous: -$6.76M-180.9%
Gross Profit

$4.62M

Previous: $10.7M-56.9%
R&D Expense

$1.45M

Previous: $989K+46.3%

Revenue & EPS history

Redwire · Revenue · Quarterly

$69.6M

Q4 2024+9.6%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Redwire expects strong revenue growth in 2025 driven by the Edge Autonomy acquisition, with improved EBITDA and positive free cash flow.

Tailwinds

  • Projected revenue growth to $535M-$605M in FY25.
  • Expected Adjusted EBITDA between $70M-$105M.
  • Anticipation of sustained positive free cash flow.
  • Momentum from strong contract wins and pipeline of bids.
  • Operational synergies expected from Edge Autonomy acquisition.

Headwinds

  • Continued impact of unfavorable EAC adjustments on financials.
  • Increased operating expenses due to M&A integration.
  • Potential volatility in private warrant liabilities affecting net income.
  • Macroeconomic uncertainties in government defense spending.
  • Risk of further cash burn despite positive free cash flow guidance.

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 2024

Historical avgQ4 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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