Redwire Corporation (RDW) Misses Q3 EPS by 23c
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Redwire Corporation Reports Third Quarter 2024 Financial Results
November 6, 2024 5:01 PM ESTRevenues 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 Redwires 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
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