•
Jun 30, 2024

Redwire Q2 2024 Earnings Report

Reported second quarter 2024 financial results, showing revenue growth and strategic execution.

Key Takeaways

Redwire Corporation reported a 30.0% increase in revenue to $78.1 million for the second quarter of 2024. The company's Contracted Backlog increased by 29.9% year-over-year to $354 million. Net loss was $(18.1) million and Adjusted EBITDA was $1.6 million.

Revenues increased by 30.0% year-over-year to $78.1 million.

Net Loss was $(18.1) million.

Adjusted EBITDA was $1.6 million.

Contracted Backlog increased by 29.9% year-over-year to $354 million.

Total Revenue
$78.1M
Previous year: $60.1M
+30.0%
EPS
-$0.42
Previous year: -$0.16
+162.5%
Gross Profit
$13M
Previous year: $15.9M
-18.4%
Cash and Equivalents
$30.8M
Previous year: $11.2M
+174.5%
Free Cash Flow
-$10.4M
Previous year: $1.1M
-1051.6%
Total Assets
$260M
Previous year: $251M
+3.5%

Redwire

Redwire

Forward Guidance

Redwire affirms its forecast for revenues of $300 million for the full year ended December 31, 2024.