Redwire Q1 2023 Earnings Report
Key Takeaways
Redwire Corporation reported a strong start to 2023 with record revenue and positive Adjusted EBITDA. Revenues increased 75.3% to $57.6 million compared to the first quarter of 2022, and Adjusted EBITDA increased 193.0% to $4.3 million.
Revenues for the first quarter of 2023 increased 75.3% to $57.6 million, as compared to $32.9 million for the first quarter of 2022.
Comparable Revenues for the first quarter of 2023 increased 37.9% to $45.3 million, as compared to $32.9 million for the first quarter of 2022.
Net Loss for the first quarter of 2023 improved 58.0% to $(7.3) million, as compared to $(17.3) million for the first quarter of 2022.
Adjusted EBITDA for the first quarter of 2023 increased 193.0% to $4.3 million as compared to $(4.7) million for the first quarter of 2022.
Redwire
Redwire
Forward Guidance
For the full year ended December 31, 2023, Redwire affirms that it expects revenues to be in a range of $220.0 million to $250.0 million.