Redwire Corp

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

RDW$8.13-0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

(In thousands of U.S. dollars, except share data)

	March 31, 2024	December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$32,569	$30,278
Accounts receivable, net	18,988	32,411
Contract assets	39,554	36,961
Inventory	1,612	1,516
Income tax receivable	636	636
Prepaid insurance	687	1,083
Prepaid expenses and other current assets	5,869	6,428
Total current assets	99,915	109,313
Property, plant and equipment, net of accumulated depreciation of $7,463 and $6,538, respectively	15,899	15,909
Right-of-use assets	12,350	13,181
Intangible assets, net of accumulated amortization of $20,247 and $18,509, respectively	62,004	62,985
Goodwill	65,310	65,757
Equity method investments	3,589	3,613
Other non-current assets	475	511
Total assets	$259,542	$271,269
Liabilities, Convertible Preferred Stock and Equity (Deficit)
Current liabilities:
Accounts payable	$28,059	$18,573
Short-term debt, including current portion of long-term debt	780	1,378
Short-term operating lease liabilities	3,624	3,737
Short-term finance lease liabilities	451	439
Accrued expenses	30,734	32,902
Deferred revenue	37,172	52,645
Other current liabilities	2,593	2,362
Total current liabilities	103,413	112,036
Long-term debt, net	89,742	86,842
Long-term operating lease liabilities	11,455	12,302
Long-term finance lease liabilities	1,140	1,137
Warrant liabilities	4,400	3,325
Deferred tax liabilities	2,440	2,402
Other non-current liabilities	416	400
Total liabilities	$213,006	$218,444
Commitments and contingencies (Note I – Commitments and Contingencies)

REDWIRE CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) (In thousands of U.S. dollars, except share data)
	March 31, 2024	December 31, 2023
Convertible preferred stock, $0.0001 par value, 125,292.00 shares authorized; 93,890.20 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. Liquidation preference of $187,780 as of March 31, 2024 and December 31, 2023, respectively(1).	$96,106	$96,106
Shareholders’ Equity (Deficit):
Preferred stock, $0.0001 par value, 99,874,708 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	—	—
Common stock, $0.0001 par value, 500,000,000 shares authorized; 65,578,724 and 65,546,174 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	7	7
Treasury stock, 373,420 and 353,470 shares, at cost, as of March 31, 2024 and December 31, 2023, respectively	(1,007)	(951)
Additional paid-in capital	190,858	188,323
Accumulated deficit	(241,886)	(233,791)
Accumulated other comprehensive income (loss)	2,236	2,903
Total shareholders’ equity (deficit)	(49,792)	(43,509)
Noncontrolling interests	222	228
Total equity (deficit)	(49,570)	(43,281)
Total liabilities, convertible preferred stock and equity (deficit)	$259,542	$271,269

(1) Please refer to Note J – Convertible Preferred Stock for additional information.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.