Loading...
•
Dec 31, 2022
Redwire Q4 2022 Earnings Report
Reported fourth quarter and full year 2022 financial results.
Key Takeaways
Redwire Corporation experienced record revenue and a record quarter for new bookings in Q4 2022. The company's financial performance improved on both a sequential and year-over-year basis, with record revenues and improvement in gross profit, Pro Forma Adjusted EBITDA, and Free Cash Flow.
Revenues for the fourth quarter of 2022 increased 30.7% to $53.7 million, as compared to $41.1 million for the fourth quarter of 2021.
Total Backlog grew 71.2% year-over-year to $465.1 million as of December 31, 2022, as compared to $271.6 million as of December 31, 2021.
Net loss for the fourth quarter of 2022 was $(25.9) million, as compared to $(13.7) million for the fourth quarter of 2021.
Book-to-Bill ratio for the fourth quarter 2022 was 3.74, as compared to 1.45 for the fourth quarter 2021.
Forward Guidance
For the full year ended December 31, 2023, Redwire expects revenue to be in a range of $220.0 million to $250.0 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...