Strong Contract Awards and Backlog
Contract awards during the first quarter of 2025 were $56.2 million with a book-to-bill ratio of 0.92 times, showing an improvement both sequentially and year-over-year. Backlog remained relatively flat at $291.2 million, with 37% from international operations.
Successful Execution of Growth Strategy
Redwire executed key elements of its 2025 growth strategy, including a contract for docking systems with Thales Alenia Space, a study contract for the ARRAKIHS dark matter mission, and a significant partnership with i-space-U.S. for lunar exploration.
Improved Financial Position
Sequential improvement in adjusted EBITDA from negative $9.2 million in Q4 2024 to negative $2.3 million in Q1 2025, and a significant improvement in net loss by more than $60 million.
Record Level Available Liquidity
Redwire ended the quarter with a record level of available liquidity at $89.2 million, a 39.2% improvement over the previous year.
Edge Autonomy Acquisition Progress
Announced the acquisition of Edge Autonomy expecting it to transform Redwire into a leader in multi-domain autonomous technology.