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Redwire (RDW) - 2025 Q2 - Earnings Call Presentation
2025-08-07 13:00
Financial Performance & Outlook - Redwire reported Q2 2025 revenue of $61.8 million, including $5.9 million from Edge Autonomy[61] - The company's net loss for Q2 2025 was $(97.0) million, which includes over $90 million in non-cash, transaction-related, EAC impact, and non-recurring activity[61] - Adjusted EBITDA for Q2 2025 was $(27.4) million, impacted by a net unfavorable EAC change of $25.2 million[61] - Total liquidity as of June 30, 2025, was $113.6 million, including $76.5 million in cash and cash equivalents[61] - Redwire forecasts full-year 2025 revenue to be between $385 million and $445 million, including Edge Autonomy from the date of close[70] - Including Edge Autonomy from January 1, 2025, the company forecasts revenue between $470 million and $530 million for the full year 2025[70] Backlog and Pipeline - The company's contracted backlog increased from $291 million as of March 31, 2025, to $329 million as of June 30, 2025[55] - The total pipeline as of June 30, 2025, is over $11 billion[55] - Q2 2025 contract awards totaled $90.6 million, resulting in a book-to-bill ratio of 1.47x[55] Strategic Initiatives - Redwire successfully completed the first deployment test for one of its ROSA wings for the lunar Gateway's Power and Propulsion Element, which will generate 60kW[33] - Stalker UAS was added to the DoD's Blue List of approved drones during Q2 2025[37] - Redwire was awarded a prototype phase agreement by the U S Army to develop and deliver Stalker UAS for the LRR program[39]
Redwire (RDW) - 2024 Q4 - Earnings Call Presentation
2025-03-11 15:25
2024 Results and Growth Strategies - Redwire delivered 186 sensors in 2024, including sun sensors, star trackers, and cameras[25] - The company scaled production with a 23.8% year-over-year increase in ROSA wings under contract to 26 arrays as of December 31, 2024[28] - Redwire launched 27 PIL-BOXes for partners during 2024[31] - The company executed for more than 100 customers during 2024, with over 85% of revenues from Government and Marquee customers[32] - Redwire achieved robust revenue growth of 24.7% year-over-year, reaching $304.1 million in 2024[36, 38] Financial Performance and Outlook - Redwire's contracted backlog was $296.652 million as of December 31, 2024[41, 101] - The company's FY2024 book-to-bill ratio was 0.76x[41] - Redwire reported a net loss of $(114.3) million in FY2024, including a $52.0 million loss associated with the change in fair value of warrant liabilities[44] - The company's Adjusted EBITDA was $(0.8) million in FY2024, including a net unfavorable impact from EAC changes of $17.7 million[44] - Redwire is affirming forecasted FY2025 combined revenues of $535-$605 million and Adjusted EBITDA of $70-$105 million[45] Acquisition and Future Strategy - Redwire announced the acquisition of Edge Autonomy, expected to close in the second quarter of 2025[69] - The company aims to be a leader in multi-domain defense technology platforms[72]