Redwire Corporation (NYSE:RDW) announced a first-quarter revenue of $61.4 million, surpassing analyst expectations and triggering an 8% rise in shares during pre-market trading on Monday.

Q1 Performance Overview

• Revenue Results: $61.4 million exceeds consensus expectations; however, this reflects a 30.1% year-on-year decline from $87.8 million.

• Net Loss: $2.9 million, an improvement over a loss of $8.1 million in Q1 of 2024.

• Adjusted EBITDA: –$2.3 million compared to +$4.3 million in the previous year.

• Book-to-Bill Ratio: A ratio of 0.92, increasing from 0.40.

• Total Backlog: Stands at $291.2 million as of March 31, 2025.

Chairman and CEO Peter Cannito noted that while Europe has made significant bookings, delays in U.S. government awards stem from changing agency leadership and budgetary uncertainties.

Future Expectations and Impact of Acquisition

Redwire anticipates:

• 2025 Revenue Estimates: Between $535 million and $605 million.

• Adjusted EBITDA Projections: Ranging from $70 million to $105 million.

This forecast depends on completing the ongoing Edge Autonomy acquisition. CFO Jonathan Baliff explained that despite unpredictable market conditions, the company remains well-positioned to seize growth opportunities in space and defense technology.

Evaluating Earnings Performance

To assess Redwire’s quarterly progress and compare results to past performances, investors can reference our earnings data resources that outline historical performance metrics.