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Redwire Corporation (RDW)

NYSE - NYSE Delayed price. Currency in USD
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3.4300+0.1200 (+3.63%)
At close: 04:00PM EDT
3.4100 -0.02 (-0.58%)
After hours: 05:58PM EDT

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  • C
    Clay
    Redwire expects to achieve positive Adjusted EBITDA in the second half of 2022 driven by increased revenue and changes in contract mix with higher gross margins. For the fiscal year ended December 31, 2022, Redwire is updating its previously provided guidance and now expects revenues to be in a range of approximately $165 million to $175 million and Pro Forma Adjusted EBITDA2 to be in a range between $(2.0) million and $3.0 million.
  • W
    Wall$treet
    Revenue increased $4.6 million, or 14.2%, to $36.7 million for the three months ended June 30, 2022, from $32.1 million for the three months ended June 30, 2021.
    Successful delivery of proven and differentiated products and services for multiple National Security Space ("NSS") and commercial customers, including for multi-year, multi-shipset missions.
    Operational successes have led to additional work and cross-selling of higher gross margin products and services with improved on-time deliveries, including for large solar array programs and navigation component projects.
    Investments continue to expand production capacity and increase scale and execution efficiency; opened new facility in Luxembourg to specialize in design and development of robotic arms for orbital, free-flying and lunar missions.
    Our significantly higher 1.68 book-to-bill ratio, combined with increased gross margins, provides for an improved financial outlook for the second half of 2022 and 2023.

    Net loss and Pro Forma Adjusted EBITDA1 were $(77.0) million and $(4.1) million, respectively, for the three months ended June 30, 2022 compared to net loss and Pro Forma Adjusted EBITDA of $(15.9) million and $2.1 million, respectively, for the three months ended June 30, 2021. The net loss in the second quarter of 2022 included an $80.5 million non-cash goodwill, intangible and long-lived asset impairment charge.
    The three months ended June 30, 2022 delivered better financial performance compared to the three months ended March 31, 2022 with improved revenues of 11.7%, gross margin of 3.3%, Adjusted EBITDA1 of 13.2%, and Free Cash Flow of $(0.5) million compared to $(6.4) million for the three months ended June 30, 2022 and March 31, 2022, respectively.
    Redwire expects to achieve positive Adjusted EBITDA in the second half of 2022 driven by increased revenue and changes in contract mix with higher gross margins. For the fiscal year ended December 31, 2022, Redwire is updating its previously provided guidance and now expects revenues to be in a range of approximately $165 million to $175 million and Pro Forma Adjusted EBITDA to be in a range between $(2.0) million and $3.0 million.
  • A
    Ao
    Looking good
  • D
    Digitcipher
    While this was not an exciting ER it shows that the company has stabilized. This company will be a yawner or a while but I think it has a good future. I am going to stick around for a while and see this play out. Glta
  • R
    Robert
    This will go down. The future nor the presence of RDW is good. Small growth, small backlog, guidance in range of ZERO EBITDA,...
  • A
    Anonymous
    RKLB is over 5. You should have bought when it was in 3s.
  • R
    Rocker
    https://twitter.com/thesheetztweetz/status/1555589998480707585?s=20&t=3GYs3K6sc8SyTE0eLjaeKg
  • B
    Bernardo11Br
    Redwire was selected by NASA to develop the Pharmaceutical In-space Laboratory – Bio-crystal Optimization Xperiment (PIL-BOX) platforms
  • G
    Gary
    60 % vs zero
    .
  • G
    Gunga-Galunga
    The space economy grew at fastest rate in years to $469 billion in 2021, report says. . .https://www.cnbc.com/2022/07/27/space-economy-grew-at-fastest-rate-in-years-in-2021-report.html
  • B
    Biostar
    What's it going to take to get this stock to run up? Gezzzz
  • D
    Digitcipher
    Nice to see the stock price firming up a little. Hopefully we hit bottom. This company is not in dire straights like so many other deSPACs. Their finances are a bit shaky but they still have several good options, if needed, to stay on course. The lumpiness in their revenue will eventually smoothen out more as they gain scale.
  • P
    Pat
    Important lesson learned here: Don’t buy SPAC securities.
  • A
    Adam
    80 million goodwill right off? so they bought Techshot for 90 million and now it's worth 10?
  • B
    Bernardo11Br
    Great article about Redwire's Archinaut One project. Satellites that assembled themselves in space will be the next big revolution in the space industry

    https://www.fool.com/investing/2022/07/11/building-satellites-in-space-is-a-thing-now/
  • M
    Maher
    Any ideas if they are planning to dilute shareholder?
  • A
    Add_Invest
    RDW should be around 7$ per share to have a standard PE ratio of 3.
    This is based on its 2022 expected revenue of >150M$.
  • G
    Gary
    back in at $3.26. got 50% more shares as I sold at $4.65
  • G
    Gary
    Sold at $4.65 back in at $3.26
  • A
    Anonymous
    Mere 3 more cents down to fly the victory flag once again: