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 |
---|---|---|---|
11/26/2024 | $18.00 | Buy | H.C. Wainwright |
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 |
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
HOUSTON, Jan. 17, 2025 /PRNewswire/ -- Genesis Park announced today that its portfolio company Flowco, launched a successful initial public offering (NYSE:FLOC). Flowco was formed through the merger of Flowco Production Solutions, Estis Compression and Flogistix. Genesis Park invested in Estis Compression in 2019 alongside Global Energy Capital ("GEC"). Genesis Park announced that its portfolio company Flowco, launched a successful initial public offering (NYSE:FLOC).Flowco is one of the most comprehensive providers of production optimization and artificial lift solutions, inc
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today the successful delivery of the fourth pair of Roll-Out Solar Array (ROSA) wings for the International Space Station (ISS), also known as the IROSA program. The wings were developed and delivered through a follow-on contract with Boeing, NASA's prime contractor for ISS operations. The IROSA wings enhance the space station's power supply to support critical research and space operations. The fourth pair of wings were developed in partnership with Boeing's Spectrolab and delivered through a follow-on contract awarded in June 2022. Since 2021, a total of six Redwire-built ar
LOS ANGELES, Jan. 9, 2025 /PRNewswire/ -- Phase Four, a leader in advanced in-space propulsion design and manufacturing, announced the first close of its Series C funding round, securing nearly 60% of the target raise with strong participation from new and existing investors. The round is led by Artemis Group Capital, the Oklahoma-based investment firm helmed by former NASA Administrator Jim Bridenstine, underscoring the growing confidence in Phase Four's innovative propulsion solutions. "This funding is a pivotal milestone for Phase Four as we scale to meet surging global dem
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today its flight-proven camera technology will launch onboard Firefly's Blue Ghost lunar lander for their first mission to the Moon. Redwire delivered 12 flight cameras, a vision navigation processor, and two flight floodlights for the Blue Ghost lander. This technology will play a crucial role in the landing and other key mission milestones. "Redwire is proud to be heading back to the Moon as a trusted supplier for Firefly's Blue Ghost lunar lander as we continue to pave the way for discovery and science on the lunar surface," said Adam Biskner, President of Redwire Space Sys
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, was awarded a $45,469,600, five-year cost-plus-fixed-fee contract that will be incrementally funded by the Air Force Research Laboratory (AFRL) Space Vehicles Directorate for the design, development, and testing of prototype software and hardware for mission critical technologies. The contract will support the AFRL Space Vehicles Directorate's efforts to equip the joint warfighter with a spectrum of agile, effective, resilient, and affordable space mission capabilities. Redwire will research and develop novel and emerging spacecraft technologies to include large deployable structures, t
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today that it has partnered with YouTuber Mark Rober and CrunchLabs to provide a space camera to support the SAT GUS mission. Rober's SAT GUS mission, led by CrunchLabs, Google Pixel, and T-Mobile, is a custom-built satellite designed to capture selfies in space for millions of fans on Earth. SAT GUS will enable users from around the world to upload their photos via spaceselfie.com and specify their city. Using Redwire's flight-proven camera technology, SAT GUS will capture HDR pictures of user-submitted selfies that will be displayed on a Google Pixel phone onboard SAT GUS, w
Redwire Corporation (NYSE:RDW), a leader in space infrastructure for the next generation space economy, announced today the opening of a regional office in Warsaw, expanding the company's European operations to deliver world-class space solutions to a global customer base. Redwire's Poland office will provide specification and design as well as assembly, integration, and testing (AI&T) support for the company's International Berthing and Docking Mechanism (IBDM). Redwire's IBDM technology will enable autonomous spacecraft docking for the Gateway lunar space station's International Habitat (I-Hab), and iterations of this system could also support other elements of the Gateway as well as lo
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).
H.C. Wainwright initiated coverage of Redwire Corporation with a rating of Buy and set a new price target of $18.00
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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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