Welcome to our dedicated page for Redwire Corporation news (Ticker: RDW), a resource for investors and traders seeking the latest updates and insights on Redwire Corporation stock.
Redwire Corporation (symbol: RDW) is a leading provider of mission-critical space solutions and advanced components for the next-generation space economy. With over 30 years of experience in the electronic security industry, Redwire has transitioned seamlessly into the space domain, offering a wide range of products and services tailored to meet the complex needs of future space missions and industries.
Redwire's core business revolves around its space infrastructure offerings, which include state-of-the-art products and services that have been instrumental in enabling various space missions. The company employs a unique Heritage plus Innovation strategy, which combines decades of flight experience with a culture of innovation to develop new technologies. These technologies serve as the foundational building blocks of space infrastructure for both governmental and commercial customers.
Recent achievements highlight Redwire's commitment to excellence and innovation. The company has partnered with key players in the space sector to deliver reliable and effective solutions. Financially, Redwire continues to show robust performance, marked by a steady growth trajectory and strategic investments in cutting-edge technologies.
Redwire’s diverse portfolio includes modern space components, secure communication systems, and advanced engineering services. These offerings not only ensure the success of current space missions but also pave the way for future advancements in space exploration and commercialization.
With a dedicated team of security professionals, Redwire also extends its expertise to governmental, commercial, and residential clients, providing top-tier electronic security solutions.
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.
FAQ
What is the current stock price of Redwire Corporation (RDW)?
What is the market cap of Redwire Corporation (RDW)?
What does Redwire Corporation specialize in?
What is Redwire's Heritage plus Innovation strategy?
Who are Redwire's main customers?
What recent achievements has Redwire Corporation accomplished?
How does Redwire contribute to the space economy?
What kind of products and services does Redwire offer?
How long has Redwire been in the electronic security industry?
What sectors does Redwire provide electronic security solutions for?
Is Redwire financially stable?
Where can I get the latest news and updates about Redwire Corporation?
