Redwire Corp
NYSE:RDW
Redwire Corp
Redwire Corp. manufactures and supplies space equipment. The company is headquartered in Jacksonville, Florida. The company went IPO on 2021-01-14. The firm provide a range of infrastructure solutions, including mission-critical components, services and systems. The company helps in providing various technologies, such as deployable structures, human-rated camera systems and advanced payload adapters. Its focus area consists of on-orbit servicing, assembly & manufacturing (OSAM), advanced sensors & components, space domain awareness & resiliency (SDA&R), digitally engineered spacecraft, low-earth orbit (LEO) commercialization The Company's OSAM applications include government-funded programs to enable increased small satellite power generation. Its Advanced Sensors & Components offerings include solar arrays, composite booms, radio-frequency (RF) antennas, payload adapters, space-qualified camera systems, star trackers and sun sensors. The firm serves a range of customers across national security, civil and commercial space.
Redwire Corp. manufactures and supplies space equipment. The company is headquartered in Jacksonville, Florida. The company went IPO on 2021-01-14. The firm provide a range of infrastructure solutions, including mission-critical components, services and systems. The company helps in providing various technologies, such as deployable structures, human-rated camera systems and advanced payload adapters. Its focus area consists of on-orbit servicing, assembly & manufacturing (OSAM), advanced sensors & components, space domain awareness & resiliency (SDA&R), digitally engineered spacecraft, low-earth orbit (LEO) commercialization The Company's OSAM applications include government-funded programs to enable increased small satellite power generation. Its Advanced Sensors & Components offerings include solar arrays, composite booms, radio-frequency (RF) antennas, payload adapters, space-qualified camera systems, star trackers and sun sensors. The firm serves a range of customers across national security, civil and commercial space.
Revenue Growth: Redwire posted record third quarter revenue of $103.4 million, up 50.7% year-over-year, driven by the acquisition of Edge Autonomy.
Margin Improvement: Adjusted gross margin rose to 27.1%, and adjusted EBITDA improved dramatically from negative $27.4 million last quarter to negative $2.6 million.
Strong Backlog: Book-to-bill ratio was 1.25x, with backlog reaching $355.6 million, supported by strong contract awards nearly tripling year-over-year.
Revised Guidance: 2025 revenue guidance was lowered to a range of $320 million to $340 million due to anticipated delays in government contract awards from the ongoing U.S. government shutdown.
Cost Savings: Redwire is implementing a lean culture and expects $10 million in annual run-rate cost savings as part of ongoing efficiency initiatives.
Positive Outlook: Management emphasized the contract delays are temporary and set up Redwire for a stronger 2026 once government activity resumes.
