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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]