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Redwire (RDW) - 2024 Q4 - Annual Results
2025-01-21 22:11
Exhibit 99.1 Redwire Corporation Conference Call January 21, 2025 Presenters Jeff Zeunik, Senior VP of Financial Planning & Analysis Peter Cannito, President, CEO & Chairman Jonathan Baliff, CFO & Director Q&A Participants Suji Desilva - Roth Capital Partners Brian Kinstlinger - Alliance Global Partners Mike Crawford - B. Riley Securities Greg Konrad - Jefferies Operator Greetings and welcome to the Redwire Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer sess ...
Why Redwire Stock Looks Red Hot Today, and RTX and AeroVironment Are Rising
The Motley Fool· 2025-01-21 21:35
Redwire's Acquisition of Edge Autonomy - Redwire announced the acquisition of AI and drone-tech specialist Edge Autonomy for $925 million, paid in cash and stock [2][5] - The acquisition is expected to transform Redwire into a global leader in multi-domain autonomous technology, broadening its portfolio to include combat-proven autonomous airborne platforms [6] - Redwire estimates the combined companies could generate $535 million to $605 million in sales this year, potentially doubling Redwire's previous annual revenue of $298 million [7] - The acquisition is expected to turn Redwire free-cash-flow positive this year, despite burning $14.9 million in negative free cash flow over the last year [7][8] Market Reaction and Valuation - Redwire's stock surged 44.5% following the acquisition announcement [2] - The acquisition implies a price-to-sales (P/S) ratio of 3.1 to 3.9 times for Edge Autonomy, compared to Redwire's own P/S ratio of 3.2 times [9] - The deal is considered a good but not great deal, potentially justifying a small premium for a business that could double Redwire's size and scale of production [9][10] Impact on Competitors - Redwire's acquisition had a positive impact on competitors in the defense industry, with RTX Corporation up 3.4% and AeroVironment up 4.5% [3] - AeroVironment, a pure play on drone technology, is seen as a modest positive beneficiary of Redwire's interest in Edge Autonomy [11] - RTX, with a P/S ratio of 2.1 times, is considered the cheapest among the three defense stocks moving on Redwire's news, though it is not a major player in drones [11] Financial Implications - Redwire will need to borrow money and increase its debt load to complete the acquisition, as it only had $43 million in cash and $138 million in debt at last report [6] - The acquisition is expected to immediately grow Redwire's revenues and free cash flow, though the exact amount of free cash flow generated was not specified [7][8]
Kuehn Law Encourages RDW, HEES, AMPY, and TURN Investors to Contact Law Firm
Prnewswire· 2025-01-21 14:17
NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.  Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.  Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process:  Redwire Corporation has entered into a defi ...
EXCLUSIVE: Rocket Lab, Intuitive Machines, Redwire Or AST SpaceMobile? 33% Of Readers Pick This Space Stock For 2025
Benzinga· 2025-01-06 20:13
Industry Overview - The space sector has seen significant investor interest in 2024, with SpaceX reaching a valuation of $350 billion [1] - The industry is expected to benefit from a new White House administration and a new NASA leader in 2025 [2] - 26% of poll respondents did not select any space stocks, potentially indicating declining interest or high valuations after strong performance in 2024 [2] Company Performance and Milestones - Rocket Lab USA (RKLB) won the poll with 33% of the vote, had 16 Electron rocket launches in 2024, and has future NASA missions to the Moon and Mars [1][5] - Intuitive Machines (LUNR) received 24% of the vote, achieved the first private sector soft landing on the Moon in 2024, and has lunar missions planned for 2024 [1][4] - AST SpaceMobile (ASTS) received 15% of the vote, deployed its first five BlueBird satellites, and signed commercial agreements with AT&T and Vodafone in 2024 [1][5] - Redwire Corporation (RDW) received 3% of the vote, highlighted bioprinting human heart tissue on the ISS, a study of the sun, and the acquisition of Hera Systems in 2024 [3] Stock Performance - Rocket Lab USA (RKLB) saw a 382% gain in 2024 [8] - Intuitive Machines (LUNR) saw a 690% gain in 2024 [8] - AST SpaceMobile (ASTS) saw a 334% gain in 2024 [8] - Redwire Corporation (RDW) saw a 490% gain in 2024 [8] ETFs and Holdings - Ark Space Exploration & Innovation ETF (ARKX) holds Rocket Lab as its top holding at 10.2% of assets but does not hold the other three space stocks [9] - Procure Space ETF (UFO) holds all four space stocks, with Intuitive Machines (LUNR) as the top holding at 8.4%, Rocket Lab (RKLB) at 5.7%, AST SpaceMobile (ASTS) at 4.6%, and Redwire Corporation (RDW) at 2.7% [9][10]
Redwire (RDW) - 2024 Q3 - Earnings Call Transcript
2024-11-09 11:43
Redwire Corporation (NYSE:RDW) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Peter Cannito - Chairman, Chief Executive Officer Jonathan Baliff - Chief Financial Officer Jeff Zeunik - Senior Vice President, Financial Planning Analysis, Investor Relations Conference Call Participants Suji DeSilva - Roth Capital Greg Konrad - Jefferies Brian Kinstlinger - Alliance Global Partners Griffin Boss - B. Riley Securities Operator Thank you for standing by. My name is Janine, and I ...
Redwire (RDW) - 2024 Q3 - Earnings Call Presentation
2024-11-09 09:57
Q3 2024 Investor Presentation November 7, 2024 | BUILD ABOVE | 255 0 0 54 54 54 47 85 151 180 199 231 204 251 254 191 191 191 22 Disclaimers Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Redwire has not independently verified the data obtained from these sources and cannot assure you of the data's accuracy or completeness. This data is subject to change. Recipients of this ...
Redwire (RDW) - 2024 Q3 - Quarterly Report
2024-11-07 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 8226 Philips Highway, Suite 101 Jacksonville, Florida 32256 (Address of Principal Executive Offices) (Zip Code) For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39733 Redwir ...
Redwire Corporation (RDW) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-07 01:05
Redwire Corporation (RDW) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.27, delivering a surprise of -125%.Over the last four quarters, the company has not been ...
Redwire (RDW) - 2024 Q3 - Quarterly Results
2024-11-06 21:58
8226 Philips Highway, Suite 101 Investor Relations Contact: Jacksonville, FL 32256 USA investorrelations@redwirespace.com Redwire Corporation Reports Third Quarter 2024 Financial Results Revenues for the third quarter of 2024 increased 9.6% year-over-year to $68.6 million Completed acquisition of Hera Systems, a spacecraft development company; the acquisition expands Redwire's spacecraft portfolio to support specialized national security missions Contracted Backlog increased by 30.2% year-over-year to $330. ...
Here's Why Momentum in Redwire Corporation (RDW) Should Keep going
ZACKS· 2024-10-11 13:52
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Inv ...