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Jun 30, 2023
Redwire Q2 2023 Earnings Report
Reported strong revenue growth and positive Adjusted EBITDA.
Key Takeaways
Redwire Corporation announced strong Q2 2023 financial results, with a 63.6% increase in revenue to $60.1 million and positive Adjusted EBITDA of $4.4 million. The company's net loss improved significantly, and contracted backlog increased by 68.3% year-over-year. Redwire affirms its full-year revenue expectations to be in the range of $220.0 million to $250.0 million.
Revenues increased 63.6% to $60.1 million compared to Q2 2022.
Comparable Revenues increased 24.9% to $45.9 million compared to Q2 2022.
Net Loss improved 92.9% to $(5.5) million compared to Q2 2022.
Adjusted EBITDA increased by $8.4 million to $4.4 million compared to Q2 2022.
Forward Guidance
Redwire affirms that it expects revenues to be in a range of $220.0 million to $250.0 million for the full year ended December 31, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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