Redwire Corporation, a space infrastructure company, develops, manufactures, and sells mission critical space solutions and components for national security, civil, and commercial markets in the United States and internationally. It offers space commercialization, digitally engineered spacecraft, and space domain awareness and resiliency technology solutions; advanced sensors and components; and on-orbit servicing, assembly, and manufacturing solutions. Redwire Corporation is headquartered in Jacksonville, Florida.
IPO Year: 2021
Exchange: NYSE
Website: redwirespace.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/29/2024 | $8.00 → $9.50 | Buy → Neutral | B. Riley Securities |
8/9/2024 | $8.00 | Neutral → Buy | B. Riley Securities |
7/22/2024 | $6.00 → $8.00 | Buy → Neutral | B. Riley Securities |
2/2/2024 | $5.00 | Overweight | Cantor Fitzgerald |
12/20/2023 | $5.00 | Buy | Alliance Global Partners |
9/13/2023 | $10.00 | Buy | ROTH MKM |
4/21/2023 | $5.00 | Buy | B. Riley Securities |
9/28/2021 | $15.00 | Buy | Jefferies |
10-Q - Redwire Corp (0001819810) (Filer)
8-K - Redwire Corp (0001819810) (Filer)
8-K - Redwire Corp (0001819810) (Filer)
8-K - Redwire Corp (0001819810) (Filer)
10-Q - Redwire Corp (0001819810) (Filer)
8-K - Redwire Corp (0001819810) (Filer)
8-K - Redwire Corp (0001819810) (Filer)
8-K - Redwire Corp (0001819810) (Filer)
8-K - Redwire Corp (0001819810) (Filer)
10-Q - Redwire Corp (0001819810) (Filer)
Revenues for the third quarter of 2024 increased 9.6% year-over-year to $68.6 million Completed acquisition of Hera Systems, a spacecraft development company; the acquisition expands Redwire's spacecraft portfolio to support specialized national security missions Contracted Backlog1 increased by 30.2% year-over-year to $330.1 million at September 30, 2024 as compared to $253.4 million at September 30, 2023 Total liquidity2 as of September 30, 2024 was $61.1 million, a 98.0% increase over September 30, 2023 Net Loss for the third quarter of 2024 was $(21.0) million and Adjusted EBITDA3 for the third quarter of 2024 was $2.4 million Redwire Corporation (NYSE:RDW), a leader in space infra
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today that its third batch of pharmaceutical drug crystals grown in space have successfully returned to Earth. The returned samples include crystals being studied by Eli Lilly and Company (Lilly) using Redwire's PIL-BOX platform. Lilly researchers are using this experiment to potentially accelerate the discovery of novel medicines to treat chronic diseases. Redwire and Lilly launched a research investigation in November 2023 that successfully demonstrated that insulin crystals grown in microgravity are larger and more ordered than those grown on Earth. Building upon this succes
Redwire Corporation (NYSE:RDW, "Redwire" or "the Company")) today announced that it will report financial results for the third quarter ended September 30, 2024, after market close on Wednesday, November 6, 2024. Management will conduct a conference call starting at 9 a.m. EST on Thursday, November 7, 2024, to review financial results for the third quarter of 2024. The earnings conference call can be accessed by calling 800-715-9871 (toll free) or 646-307-1963 (toll), and the conference ID is 1891293. A presentation with slides will also be live streamed. Please click the link below to follow along with the live stream: Webcast | Redwire Corporation Q3 2024 Earnings Call (choruscall.com).
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today that it is launching an investigation to the International Space Station (ISS) in partnership with global leading biopharmaceutical company Bristol Myers Squibb (BMS) to study model small molecule compounds using Redwire's pharmaceutical drug development platform (PIL-BOX). The research being conducted with BMS has the potential to enhance drug stability, streamline manufacturing processes, and improve efficiencies across various therapeutic areas, including oncology, immunology, and cardiovascular disease. Additionally, Redwire will be launching a PIL-BOX investigation i
Four Spacecraft have been Undergoing Integration and Testing at Redwire's State-of-the-Art Cleanroom Facility in Belgium Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today that it is finalizing integration and preparing for delivery of two satellites for the European Space Agency's (ESA) Proba-3 mission later the in fourth quarter of this year. Simultaneously, Redwire has started spacecraft integration for two other ESA satellite missions, the Atmospheric Limb Tracker for Investigation of the Upcoming Stratosphere (ALTIUS) and one of the In-Orbit Demonstration and Verification (Horizon 2020 IOD/IOV) satellites, funded by
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today that it is providing a critical onboard computer system for the European Space Agency's (ESA) Hera mission, Europe's inaugural flagship planetary defense mission. Hera is the European-led companion mission to NASA's Double Asteroid Redirection Test (DART), which successfully impacted the binary asteroid system Didymos in September 2022 with Redwire power and navigation technology onboard. The Hera mission will provide a detailed survey of DART's impact site. Hera's onboard computer was developed by Redwire's wholly owned Belgian subsidiary, Redwire Space NV, through a con
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today that Redwire's Chief Financial Officer Jonathan Baliff will present at the H.C. Wainwright 26th Annual Global Investment Conference on September 9, 2024 at 9:00 a.m. ET. The presentation will be available at the following web address: https://journey.ct.events/view/654bff93-f4bf-4f69-8c69-93ce07a0c178 About Redwire Redwire Corporation (NYSE:RDW) is a global space infrastructure and innovation company enabling civil, commercial, and national security programs. Redwire's proven and reliable capabilities include avionics, sensors, power solutions, critical structures, m
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today that it has joined the U.S.-U.A.E. Business Council, signaling the importance that Redwire is placing on developing opportunities with the burgeoning Emirati space sector. Redwire has already benefited from the U.A.E.'s growing space prowess. During his historic spacewalk in April 2023, Emirati astronaut H.E. Dr. Sultan Al Neyadi supported preparations for the deployment of the sixth Redwire-built Roll-Out Solar Array on the International Space Station. He also assisted in the successful bioprinting of the first human knee meniscus in space using Redwire's BioFabrication
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds 8:00Moog Inc. (
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, today announced that it has completed its previously announced acquisition of Hera Systems, Inc., a spacecraft development company with expertise in specialized missions for national security space customers. The acquisition of Hera Systems expands Redwire's spacecraft portfolio to support specialized national security space missions in geostationary orbit (GEO). "The acquisition of Hera Systems is an exciting and important milestone in Redwire's growth strategy as we move up the value chain within the national security space sector," said Peter Cannito, Chairman and CEO of Redwire. "Ou
Jonathan Baliff selected to succeed Bill Read as CFO David Kornblatt appointed to the Board as independent director and Audit Committee Chair Redwire Corporation (NYSE:RDW), a leader in mission critical space solutions and high reliability components for the next generation space economy, today announced the appointment of Jonathan Baliff as its new Chief Financial Officer, effective June 1, 2022. Mr. Baliff will succeed Bill Read, who is transitioning from his role as Chief Financial Officer following Redwire's successful transition from being a private to a public company. In connection with this transition, the company has increased the size of its Board of Directors to eight, and appo
Michael Gold and Dean Bellamy elevated to lead Redwire's growth strategy Redwire Corporation (NYSE:RDW), a leader in mission critical infrastructure for the next generation space economy, today announced the appointment of Al Tadros to Chief Technology Officer (CTO). Tadros was most recently serving as Redwire‘s Chief Growth Officer. This transition significantly strengthens Redwire's technical culture and ability to take on much larger and more complex technical programs, while also giving an opportunity for Michael Gold, Executive Vice President of Civil and Commercial Space, and Dean Bellamy, Executive Vice President of National Security Space, to expand their roles on the executive tea
Revenues for the third quarter of 2024 increased 9.6% year-over-year to $68.6 million Completed acquisition of Hera Systems, a spacecraft development company; the acquisition expands Redwire's spacecraft portfolio to support specialized national security missions Contracted Backlog1 increased by 30.2% year-over-year to $330.1 million at September 30, 2024 as compared to $253.4 million at September 30, 2023 Total liquidity2 as of September 30, 2024 was $61.1 million, a 98.0% increase over September 30, 2023 Net Loss for the third quarter of 2024 was $(21.0) million and Adjusted EBITDA3 for the third quarter of 2024 was $2.4 million Redwire Corporation (NYSE:RDW), a leader in space infra
Redwire Corporation (NYSE:RDW, "Redwire" or "the Company")) today announced that it will report financial results for the third quarter ended September 30, 2024, after market close on Wednesday, November 6, 2024. Management will conduct a conference call starting at 9 a.m. EST on Thursday, November 7, 2024, to review financial results for the third quarter of 2024. The earnings conference call can be accessed by calling 800-715-9871 (toll free) or 646-307-1963 (toll), and the conference ID is 1891293. A presentation with slides will also be live streamed. Please click the link below to follow along with the live stream: Webcast | Redwire Corporation Q3 2024 Earnings Call (choruscall.com).
Revenues for the second quarter of 2024 increased 30.0% year-over-year to $78.1 million Net Loss was $(18.1) million and Adjusted EBITDA1 was $1.6 million for the second quarter of 2024 Bookings for the second quarter of 2024 were $114.4 million, a 226.0% sequential increase from Q1 2024 Awarded prime contract for SabreSat VLEO platform under DARPA's Otter program; Under contract for follow-on order of Roll-Out Solar Array wings for Thales Alenia Space's Space Inspire satellites Net cash provided by (used in) operating activities was a use of $9.5 million on a quarterly basis and a positive source of $5.7 million on an LTM basis as of the second quarter of 2024 Contracted Backlog2
Redwire Corporation (NYSE:RDW, "Redwire" or "the Company"))) today announced that it will report financial results for the second quarter ended June 30, 2024, after market close on Wednesday, August 7, 2024. Management will conduct a conference call starting at 9 a.m. EDT on Thursday, August 8, 2024, to review financial results for the second quarter of 2024. The earnings conference call can be accessed by calling 877-485-3108 (toll free) or 201-689-8264 (toll). A presentation with slides will also be live streamed. Please click the link below to follow along with the live stream: Webcast | Redwire Corporation Q2 2024 Earnings Call (choruscall.com). The listen-only audio webcast of th
Revenues for the first quarter of 2024 increased 52.4% year-over-year to $87.8 million Net Loss was $(8.1) million and Adjusted EBITDA1 was $4.3 million for the first quarter of 2024 Net cash provided by operating activities for the first quarter of 2024 improved year-over-year by $16.8 million to positive $2.8 million and Free Cash Flow1 improved by $15.2 million to positive $0.4 million Meaningful increase in pipeline to approximately $6.3 billion with $610.0 million in bids submitted year-to-date through March 31, 2024 Under contract for 18 ship sets of antennas and RF hardware for the SDA Transport Layer; Awarded first study related to SabreSat VLEO platform Redwire Corporatio
Redwire Corporation (NYSE:RDW, "Redwire" or "the Company"))) today announced that it will report financial results for the first quarter ended March 31, 2024, after market close on Wednesday, May 8, 2024. Management will conduct a conference call starting at 9 a.m. ET on Thursday, May 9, 2024 to review financial results for the first quarter of 2024. The earnings conference call can be accessed by calling 877-485-3108 (toll free) or 201-689-8264 (toll). A presentation with slides will also be live streamed. Please click the link below to follow along with the live stream: Webcast | Redwire Corporation Q1 2024 Earnings Call (choruscall.com). The listen-only audio webcast of the call wi
Revenues for full year 2023 increased 51.9% to $243.8 million Net Loss for full year 2023 improved by $103.4 million to $(27.3) million Adjusted EBITDA1 for full year 2023 increased by $26.3 million to $15.3 million Net cash provided by (used in) operating activities for the fourth quarter of 2023 improved by $20.5 million to $15.7 million Book-to-bill2 ratio for the fourth quarter of 2023 was 2.81 Redwire Corporation (NYSE:RDW), a leading innovator in space infrastructure enabling space mission providers with the foundational building blocks and integrated solutions needed for complex space missions, today announced results for its fourth quarter and full year ended December 31,
Redwire Corporation (NYSE:RDW, "Redwire" or "the Company"))) today announced that it will report financial results for the fourth quarter and full year ended December 31, 2023, after market close on Thursday, March 14, 2024. Management will conduct a conference call starting at 9 a.m. ET on Friday, March 15, 2024 to review financial results for the fourth quarter and full year 2023. The earnings conference call can be accessed by calling 877-485-3108 (toll free) or 201-689-8264 (toll). A presentation with slides will also be live streamed. Please click the link below to follow along with the live stream: Webcast | Redwire Corporation Q4 and Full Year 2023 Earnings Call (choruscall.com).
Redwire Corporation (NYSE:RDW), a global leader in space infrastructure that provides the foundational building blocks that are enabling the most complex space missions, today announced results for its third quarter ended September 30, 2023. Unless otherwise referred to as Comparable Revenues, financial information presented herein includes the results of Space NV for periods including and subsequent to the acquisition date of October 31, 2022. Redwire will live stream a presentation with slides on November 7, 2023 at 9:00 a.m. ET. Please use the link below to follow along with the live stream: https://event.choruscall.com/mediaframe/webcast.html?webcastid=7sq0B6S0 Third Quarter 2023 Hi
Redwire Corporation (NYSE:RDW, "Redwire" or "the Company"))) today announced that it will report financial results for the third quarter ended September 30, 2023, after market close on Monday, November 6, 2023. Management will conduct a conference call starting at 9 a.m. ET on Tuesday, November 7, 2023 to review financial results for the third quarter of 2023. The earnings conference call can be accessed by calling 877-485-3108 (toll free) or 201-689-8264 (toll). A presentation with slides will also be live streamed. Please click the link below to follow along with the live stream: https://event.choruscall.com/mediaframe/webcast.html?webcastid=7sq0B6S0. The listen-only audio webcast o
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B. Riley Securities downgraded Redwire Corporation from Buy to Neutral and set a new price target of $9.50 from $8.00 previously
B. Riley Securities upgraded Redwire Corporation from Neutral to Buy and set a new price target of $8.00
B. Riley Securities downgraded Redwire Corporation from Buy to Neutral and set a new price target of $8.00 from $6.00 previously
Cantor Fitzgerald initiated coverage of Redwire Corporation with a rating of Overweight and set a new price target of $5.00
Alliance Global Partners initiated coverage of Redwire Corporation with a rating of Buy and set a new price target of $5.00
ROTH MKM initiated coverage of Redwire Corporation with a rating of Buy and set a new price target of $10.00
B. Riley Securities initiated coverage of Redwire Corporation with a rating of Buy and set a new price target of $5.00
Jefferies initiated coverage of Redwire Corporation with a rating of Buy and set a new price target of $15.00
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Cantor Fitzgerald analyst Andres Sheppard reiterates Redwire (NYSE:RDW) with a Overweight and maintains $6 price target.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Goldman Sachs cut the price target for Lennar Corporation (NYSE:LEN) from $180 to $174. Goldman Sachs analyst Susan Maklari downgraded the stock from Buy to Neutral. Lennar shares gained 0.5% to close at $170.94 on Friday. See how other analysts view this stock. Piper Sandler increased the price target for NVIDIA Corporation (NASDAQ:NVDA) from $120 to $140. Piper Sandler analyst Harsh Kumar maintained an Overweight rating. NVIDIA shares fell 2.6% to close at $117.93 on Friday. See how other analyst
U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Monday. Shares of Ryanair Holdings plc (NASDAQ:RYAAY) shares fell sharply in today's pre-market trading after the company reported first-quarter results. Ryanair said profits dipped 46% to 360 million euros (£303 million) for the first quarter, while the average fare declined 15% to 42 euros (£35) year-over-year. Ryanair shares dipped 11.6% to $101.10 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. Redwire Corporation (NYSE:RDW) shares fell 6.2% to $6.55 in pre-market trading. B. Riley Securities analyst Mike Crawfor
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Guggenheim analyst John Difucci downgraded the rating for CrowdStrike Holdings, Inc. (NASDAQ:CRWD) from Buy to Neutral. CrowdStrike shares fell 11.1% to settle at $304.96 on Friday. See how other analysts view this stock. See how other analysts view this stock. B. Riley Securities analyst Mike Crawford downgraded Redwire Corporation (NYSE:RDW) from Buy to Neutral, but raised the price target from $6 to $8. Redwire shares fell 0.9% to close at $6.98 on Friday. See how other analysts vie
B. Riley Securities analyst Mike Crawford downgrades Redwire (NYSE:RDW) from Buy to Neutral and raises the price target from $6 to $8.
Cantor Fitzgerald analyst Andres Sheppard reiterates Redwire (NYSE:RDW) with a Overweight and maintains $6 price target.
Cantor Fitzgerald analyst Andres Sheppard reiterates Redwire (NYSE:RDW) with a Overweight and maintains $6 price target.
As the prime contractor and mission systems enabler for DARPA's Otter program, Redwire will be responsible for building the SabreSat bus, advancing the critical technologies necessary for the mission, and integrating, coordinating, and leading the team for the project.