Redwire Corporation to Reschedule Third Quarter 2021 Results

Rhea-AI Summary

Redwire Corporation (NYSE: RDW) announced the rescheduling of its third-quarter earnings announcement, originally set for November 10, 2021. The new date and details for the earnings call and webcast will be provided once finalized. As a leader in space infrastructure, Redwire focuses on innovative technologies such as solar power generation and in-space manufacturing. The announcement implies potential uncertainty in financial reporting due to an ongoing investigation and other factors affecting their financial condition.

Positive

• Strong positioning in the space infrastructure sector.
• Focus on innovative technologies like solar power and 3D printing.

Negative

• Rescheduling of earnings announcement may indicate internal issues.
• Ongoing investigation could impact financial reporting and projections.

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Redwire Corporation (NYSE: RDW; “Redwire” or “the Company”) today announced that it would reschedule its earnings announcement for the third quarter ended September 30, 2021, which had been previously scheduled for Wednesday, November 10, 2021. The Company will share details for the revised scheduling, including the timing for the earnings conference call and webcast, once the new date has been set.

About Redwire
Redwire Corporation (NYSE: RDW) is a leader in space infrastructure for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions. For more information, please visit www.redwirespace.com.

Cautionary Statement Regarding Forward-Looking Statements
The statements in this release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, those including such words as “anticipates,” “believes,” “remains,” “will,” and the negatives thereof or other comparable terminology, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements also include other passages that are relevant to expected future events, performances, and actions or that can only be fully evaluated by events that will occur in the future. Forward-looking statements in this release include, without limitation, the Company’s statements regarding its business prospects, its expectations and its and others’ actions with respect to the investigation and related matters, expected financial condition and results. There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements including, but not limited to, the findings of the investigation, accountants and other third parties, finalization of its financial statements and controls review, and factors, risks, and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211109006607/en/

Michael Shannon

investorrelations@redwirespace.com

904-425-1413

Source: Redwire Corporation

FAQ

What is the new date for Redwire Corporation's Q3 earnings announcement?

The new date for Redwire's Q3 earnings announcement has not yet been determined.

What caused the rescheduling of Redwire's earnings announcement?

The earnings announcement was rescheduled due to ongoing investigations and the implications it has on financial reporting.

What are the main business areas of Redwire Corporation?

Redwire focuses on space infrastructure, specifically solar power generation and in-space manufacturing.

How does the investigation affect Redwire Corporation?

The investigation may impact Redwire's financial results and projections, as highlighted in the press release.

What is the stock symbol for Redwire Corporation?

The stock symbol for Redwire Corporation is RDW.