Redwire Corporation Stock Price, News & Analysis

Redwire Corporation (NYSE: RDW) reported Q1 2022 revenue of $32.9 million, a 3.7% increase from $31.7 million year-over-year. However, the company faced a net loss of $(17.3) million and an Adjusted EBITDA of $(4.7) million. Challenges included delays in contract awards and supply chain issues. The total backlog stood at $273.9 million, and the firm secured contracts for multiple high gain antenna systems and was awarded a position on a $950 million IDIQ contract for the U.S. Air Force. The company has over $30 million in liquidity, indicating a strong capital position.

Redwire Corporation (NYSE: RDW) will announce its first-quarter financial results for the period ending March 31, 2022, on May 12, 2022, at 5:30 p.m. ET. Investors can join the earnings conference call by calling 877-485-3108 (toll-free) or 201-689-8264 (toll). A live audio webcast will also be available on the Redwire Investor Relations website. For those unable to attend, a replay will be accessible for two weeks. Redwire specializes in space infrastructure and innovative technologies, supporting the future of space missions.

Redwire Corporation (NYSE: RDW) announced that NASA Administrator Bill Nelson will visit its Jacksonville headquarters on May 10. During the visit, he will tour the Archinaut testing lab, which focuses on self-assembling spacecraft, and discuss advanced manufacturing capabilities supporting NASA's lunar and Martian missions. The event includes a media tour and Q&A session. Redwire is positioned as a leader in space infrastructure, emphasizing its role in future space missions through innovative technologies like 3D printing.

Redwire Corporation (NYSE: RDW) has appointed Al Tadros as Chief Technology Officer, bolstering its technical leadership. Previously the Chief Growth Officer, Tadros brings over 30 years of space industry experience, focusing on large technical programs. This transition also sees Michael Gold and Dean Bellamy expand their roles to lead the company's growth strategy in civil and commercial space and national security space, respectively. Redwire aims to enhance its technology ecosystem and innovate future space infrastructure.

Redwire Corporation (NYSE: RDW) announced a common stock purchase agreement worth $80 million with B. Riley Principal Capital, LLC. This agreement allows Redwire to raise capital flexibly over the next 24 months, aiming to support growth initiatives, including acquisitions and working capital investments. CEO Peter Cannito emphasized the importance of financial flexibility in executing their growth strategy. This press release serves as an informational announcement and does not constitute an offer to sell or buy Redwire's common stock.

Redwire Corporation (NYSE: RDW) announced the filing of its Annual Report on Form 10-K for the year ending December 31, 2021, with the SEC. This filing, along with the Quarterly Report on Form 10-Q filed on April 1, 2022, confirms that Redwire is now current in its SEC filings. Additionally, the NYSE notified Redwire that it complies fully with listing standards, resulting in its removal from the late filers' list.

Redwire Corporation (NYSE: RDW) announces that CEO Peter Cannito will present at the Jefferies Virtual Space Summit on April 12, 2022, at 1:00 PM Eastern. The summit is exclusive to registered participants. Redwire is a leader in space infrastructure, specializing in solar power generation and in-space 3D printing. The company combines decades of flight experience with an innovative approach to tackle future space mission challenges. For more information, visit www.redwirespace.com.

Redwire Corporation (NYSE: RDW) has successfully passed the Mission Critical Design Review (CDR) for its On-Orbit Servicing, Assembly and Manufacturing 2 (OSAM-2) mission, marking a significant milestone in developing robotic technologies for constructing large structures in space. This $73.7 million contract with NASA, signed in 2019, allows Redwire to advance into building and verifying flight hardware. OSAM-2 is set to demonstrate 3D printing and robotic assembly capabilities in orbit, crucial for future space infrastructure advancements and potential applications on the Moon and Mars.

Redwire Corporation (NYSE: RDW) has been selected by the U.S. Air Force to compete for task orders under an indefinite delivery/indefinite quantity (IDIQ) contract aimed at supporting the Advanced Battle Management System (ABMS). This contract, with a ceiling of $950 million, is part of the Department of Defense's Joint All Domain Command and Control Architecture. Redwire aims to enhance decision-making via modern software and engineering solutions for various military domains.