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Dec 31, 2023
Redwire Q4 2023 Earnings Report
Reported fourth quarter and full year 2023 financial results, showing revenue increase and positive Adjusted EBITDA.
Key Takeaways
Redwire Corporation reported a revenue of $63.5 million and positive Adjusted EBITDA of $1.7 million in Q4 2023. The company's revenues increased by 18.2% compared to the same quarter of the previous year. The company forecasts revenues of $300 million for the full year ended December 31, 2024.
Revenues for the fourth quarter of 2023 increased 18.2% to $63.5 million, as compared to $53.7 million for the fourth quarter of 2022.
Comparable Revenues for the fourth quarter of 2023 increased 15.5% to $48.6 million, as compared to $42.0 million for the fourth quarter of 2022.
Net Loss for the fourth quarter of 2023 improved 68.2% to $(8.2) million, as compared to $(25.9) million for the fourth quarter of 2022.
Book-to-bill ratio for the fourth quarter of 2023 was 2.81, as compared to 3.74 as of the fourth quarter of 2022.
Redwire
Redwire
Forward Guidance
For the full year ended December 31, 2024, Redwire is forecasting revenues of $300 million.