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Mar 31, 2022
Redwire Q1 2022 Earnings Report
Reported financial results for the first quarter ended March 31, 2022.
Key Takeaways
Redwire Corporation reported a revenue increase of $1.2 million, or 3.7%, reaching $32.9 million for the first quarter ended March 31, 2022. However, the company experienced a net loss of $(17.3) million and an Adjusted EBITDA of $(4.7) million during the same period.
Total Backlog remained relatively consistent with year-end at $273.9 million as of March 31, 2022.
Redwire was contracted to deliver multiple high gain antenna systems for a national security space LEO satellite constellation.
The company delivered a fourth Roll-Out Solar Array (“ROSA”) wing for the International Space Station (“ISS”) ahead of baseline schedule.
Redwire delivered the camera controller, wireless antennas, and cable harnesses for the Artemis III Orion Camera System.
Forward Guidance
Redwire expects revenues to grow throughout the year and create improved operational leverage.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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