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Redwire Corporation develops space and defense technology for government, commercial and civil customers, with work spanning aerospace infrastructure, autonomous systems and multi-domain operations. Its updates commonly cover contract awards, backlog and quarterly results, including programs for advanced spacecraft, small uncrewed aircraft systems, optical imaging, navigation sensors, avionics and satellite power systems.
Recurring developments include Stalker UAS orders for U.S. military customers, ELSA solar-array deliveries, Hammerhead spacecraft and ADPMS-3 avionics work for European space programs, and imaging or sun-sensor hardware supporting NASA's Orion and Artemis missions. Redwire also reports geographic expansion and partnerships tied to defense, space communications and national-security applications.
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Redwire Corporation (NYSE: RDW) announced robust financial results for Q4 and full year 2022, highlighting a 30.7% increase in Q4 revenues to $53.7 million and a 16.7% rise in annual revenues to $160.5 million. This growth was significantly aided by the acquisition of QinetiQ Space NV. However, the company reported a net loss of $(130.6) million for the year, impacted by a $96.6 million impairment. Notably, total backlog surged 71.2% to $465.1 million. For 2023, Redwire anticipates revenues between $220 million and $250 million, signaling positive momentum despite previous losses.
Redwire Corporation (NYSE: RDW) will report its fourth quarter and full year financial results for 2022 on March 29, 2023, before market open. Management will host a conference call at 9 a.m. ET on the same day to discuss these results. Interested parties can participate by calling 877-485-3108 (toll free) or 201-689-8264 (toll) and can also access a live stream of the presentation. A replay of the call will be available for two weeks thereafter. Redwire is a leader in space infrastructure, focusing on solar power generation and 3D printing for future space missions.
Redwire Corporation (NYSE: RDW) has secured a $5.9 million contract from NASA to develop FabLab, an in-space manufacturing system designed for testing on the International Space Station (ISS). This innovative multi-material 3D printer aims to facilitate on-demand manufacturing for NASA crews, allowing them to create tools and components in deep space using various materials. The project builds on Redwire's prior work on FabLab and is crucial for supporting future Artemis missions. The successful implementation of FabLab will enhance sustainability during deep space explorations, making it a pivotal step towards human presence on the Moon and Mars.
Redwire Corporation (NYSE:RDW) announced that its Roll-Out Solar Array (ROSA) technology will support Astrobotic Technology's Lunar Vertical Solar Array (VSAT) program, part of NASA's lunar initiatives. ROSA features dual motors for enhanced operations and will autonomously deploy vertical solar arrays up to 32 feet high, crucial for sustainable power on the lunar surface.
As of December 31, 2022, ROSA units were already operational on the International Space Station, and the technology was instrumental in NASA's DART mission. This partnership positions Redwire as a key player in the upcoming lunar economy.
Redwire Corporation (NYSE:RDW) announced a partnership with Starfish Space to equip the Otter Pup satellite docking mission with its ARGUS space domain awareness camera. This historic mission aims to achieve the first-ever docking of two commercial satellites in low-Earth orbit. Following this, Redwire has a contract option to demonstrate its Cerebro tracking software in orbit. The ARGUS camera will provide essential navigation capabilities, enhancing the mission's success. Redwire's technology has previously been utilized in missions such as NASA’s Artemis I, showcasing its broad applicability in civil and defense sectors.
Redwire Corporation (NYSE: RDW) announced a partnership with BigBear.ai (NYSE: BBAI) to provide cybersecurity tools for Mynaric (NASDAQ: MYNA). These tools, part of the SpaceCREST platform, will ensure the security of Mynaric's optical communications terminal design for DARPA’s Space Based Adaptive Communications Node program. This collaboration aims to address vulnerabilities in national security programs, emphasizing the importance of cybersecurity in the growing space economy.
Redwire Corporation (NYSE: RDW) reported Q3 2022 revenues of $37.2 million, a 14% increase from $32.7 million in Q3 2021. Key metrics included an 86.5% decrease in net loss and a 63.7% improvement in Adjusted EBITDA. The company successfully supported NASA's DART mission and grew its Total Backlog to $304 million. A capital raise of $80 million funded the acquisition of QinetiQ Space NV. For FY 2022, Redwire revised revenue guidance to $140-$155 million, and Pro Forma Adjusted EBITDA guidance to $(13)-$(6) million, excluding Space NV contributions.
Redwire Corporation (NYSE: RDW) has promoted Mike Gold to Chief Growth Officer effective November 8, 2022. Gold, previously the Executive Vice President of Civil Space Business Development, will oversee business development, marketing, and external affairs. He aims to enhance collaboration across civil, commercial, and national security space sectors. Gold's past experience includes significant roles at NASA and Maxar Technologies. Redwire specializes in space infrastructure and innovative solutions, including solar power generation and in-space manufacturing.
Redwire Corporation (NYSE: RDW) will report its third quarter financial results on November 8, 2022, after the market closes. A conference call will follow on November 9, 2022, at 9 a.m. ET for management to discuss the results. Interested parties can join the call by dialing 877-485-3108 (toll-free) or 201-689-8264. A live audio webcast will also be available on their website. A replay of the call will be accessible for two weeks after the event. More details and the earnings release can be found at redwirespace.com.