Redwire Corp
For the period ended Mar 31, 2024. Filed May 10, 2024.
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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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Condensed Consolidated Statements of Cash Flows
(In thousands of U.S. dollars)
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(8,096) | $(7,258) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 2,753 | 2,466 |
| Amortization of debt issuance costs and discount | 170 | 146 |
| Equity-based compensation expense | 2,535 | 1,958 |
| (Gain) loss on change in fair value of committed equity facility | — | (106) |
| (Gain) loss on change in fair value of warrants | 1,075 | 2,784 |
| Deferred provision (benefit) for income taxes | 98 | (131) |
| Non-cash lease expense | 12 | 26 |
| Non-cash interest expense | — | 384 |
| Other | 397 | 94 |
| Changes in assets and liabilities: | ||
| (Increase) decrease in accounts receivable | 13,174 | 3,394 |
| (Increase) decrease in contract assets | (2,981) | (9,423) |
| (Increase) decrease in inventory | (100) | 18 |
| (Increase) decrease in prepaid insurance | 396 | 827 |
| (Increase) decrease in prepaid expenses and other assets | 427 | (183) |
| Increase (decrease) in accounts payable and accrued expenses | 7,929 | (3,627) |
| Increase (decrease) in deferred revenue | (15,413) | (4,844) |
| Increase (decrease) in operating lease liabilities | (84) | (39) |
| Increase (decrease) in other liabilities | 472 | 23 |
| Increase (decrease) in notes payable to sellers | — | (557) |
| Net cash provided by (used in) operating activities | 2,764 | (14,048) |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment, net | (1,561) | (787) |
| Purchase of intangible assets | (806) | (12) |
| Net cash provided by (used in) investing activities | (2,367) | (799) |
| Cash flows from financing activities: | ||
| Proceeds received from debt | 5,000 | — |
| Repayments of debt | (2,793) | (1,094) |
| Repayment of finance leases | (119) | (77) |
| Payment of committed equity facility transaction costs | — | (571) |
| Payments of issuance costs related to convertible preferred stock | — | (52) |
| Shares repurchased for settlement of employee tax withholdings on share-based awards | (56) | — |
| Payment of contingent earnout | — | (443) |
| Net cash provided by (used in) financing activities | 2,032 | (2,237) |
| Effect of foreign currency rate changes on cash and cash equivalents | (138) | 41 |
| Net increase (decrease) in cash and cash equivalents | 2,291 | (17,043) |
| Cash and cash equivalents at beginning of period | 30,278 | 28,316 |
| Cash and cash equivalents at end of period | $32,569 | $11,273 |
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