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Sep 30, 2023
Redwire Q3 2023 Earnings Report
Redwire reported strong revenue growth and positive Adjusted EBITDA for the third consecutive quarter.
Key Takeaways
Redwire Corporation reported a 68.1% increase in revenue to $62.6 million for Q3 2023. The company also saw a 39.3% improvement in net loss, which was $(6.3) million, and an increase in Adjusted EBITDA to $4.9 million. Contracted backlog increased 59.5% year-over-year to $253.4 million.
Revenues for Q3 2023 increased 68.1% to $62.6 million compared to Q3 2022.
Comparable Revenues for Q3 2023 increased 31.8% to $49.1 million compared to Q3 2022.
Net Loss for Q3 2023 improved 39.3% to $(6.3) million compared to Q3 2022.
Adjusted EBITDA for Q3 2023 increased by $6.4 million to $4.9 million compared to Q3 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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