Redwire (US:RDW)2022-08-11 18:07Financial Performance - Q2 2022 revenue increased by $46 million, or 142%, to $367 million from $321 million in Q2 2021[72] - Redwire's Q2 2022 net loss was $(770) million, including an $805 million non-cash impairment expense[72] - The company expects revenue to be in the range of $165 million to $175 million for the fiscal year ending December 31, 2022[72] - Pro Forma Adjusted EBITDA is expected to be between $(20) million and $30 million for the fiscal year ending December 31, 2022[72] - Contracted backlog grew from $1373 million in Q1 2022 to $1621 million in Q2 2022[65] - Total backlog decreased from $2739 million to $2517 million between Q1 2022 and Q2 2022, largely due to a reduction of awards in the negotiation element[65] Operational Highlights - Q2 2022 book-to-bill ratio was 168[33, 55] - Revenue increased by $39 million compared to Q1 2022[62] - Gross margin increased 33% compared to Q1 2022[62] Market and Strategic Positioning - The company is positioned to capture the high-end, bespoke portion of the national security market and is making investments to increase market share with power and radio frequency systems[43]