Space infrastructure company Redwire Q3 revenue up 50.7% helped by contract wins

Redwire

05/11/2025 21:29

Overview

Redwire Q3 2025 revenue grows 50.7% yr/yr but misses analyst expectations

Net loss for Q3 widens to $41.2 mln, compared to $21.0 mln last year

Company's order backlog rises to $355.6 mln, reflecting strong demand

Outlook

Redwire forecasts 2025 full-year revenues of $320 mln to $340 mln

Company expects U.S. government shutdown to delay key awards into 2026

Redwire sees positive demand signals from U.S. and Europe for its products

Result Drivers

ACQUISITION IMPACT - Acquisition of Edge Autonomy strengthened Redwire's technical, operational, and financial positioning, contributing to revenue synergies

CONTRACT WINS - Awarded contract for Roll-Out Solar Arrays for Axiom Space and delivered UAS to U.S. Army and Ukrainian Armed Forces

DEMAND SIGNALS - Positive demand signals from U.S. and Europe for products like Stalker and Penguin unmanned systems, despite U.S. government shutdown delays

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$103.43 mln
$128.70 mln (7 Analysts)
Q3 Net Income
-$41.15 mln
Q3 EBIT
-$41.85 mln
Q3 Order Backlog
$355.60 mln
Q3 Pretax Profit
-$34.29 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Redwire Corp is $17.50, about 60.3% above its November 4 closing price of $6.95

Press Release: ID:nBwbW7QXfa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)