Redwire Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 7, 2024
RDW$8.13-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $43,094 | $30,278 |
| Accounts receivable, net | 22,653 | 32,411 |
| Contract assets | 46,069 | 36,961 |
| Inventory | 2,055 | 1,516 |
| Income tax receivable | 636 | 636 |
| Prepaid insurance | 1,291 | 1,083 |
| Prepaid expenses and other current assets | 10,738 | 6,428 |
| Total current assets | 126,536 | 109,313 |
| Property, plant and equipment, net of accumulated depreciation of $9,539 and $6,538, respectively | 16,929 | 15,909 |
| Right-of-use assets | 10,668 | 13,181 |
| Intangible assets, net of accumulated amortization of $24,151 and $18,509, respectively | 62,516 | 62,985 |
| Goodwill | 72,572 | 65,757 |
| Equity method investments | — | 3,613 |
| Other non-current assets | 724 | 511 |
| Total assets | $289,945 | $271,269 |
| Liabilities, Convertible Preferred Stock and Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable | $19,936 | $18,573 |
| Notes payable to sellers | 11 | — |
| Short-term debt, including current portion of long-term debt | 1,751 | 1,378 |
| Short-term operating lease liabilities | 3,518 | 3,737 |
| Short-term finance lease liabilities | 501 | 439 |
| Accrued expenses | 27,813 | 32,902 |
| Deferred revenue | 56,684 | 52,645 |
| Other current liabilities | 20,807 | 2,362 |
| Total current liabilities | 131,021 | 112,036 |
| Long-term debt, net | 121,553 | 86,842 |
| Long-term operating lease liabilities | 9,790 | 12,302 |
| Long-term finance lease liabilities | 1,089 | 1,137 |
| Warrant liabilities | 11,436 | 3,325 |
| Deferred tax liabilities | 2,379 | 2,402 |
| Other non-current liabilities | 401 | 400 |
| Total liabilities | $277,669 | $218,444 |
| Commitments and contingencies (Note J – Commitments and Contingencies) | ||
| REDWIRE CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) (In thousands of U.S. dollars, except share data) | ||
|---|---|---|
| September 30, 2024 | December 31, 2023 | |
| Convertible preferred stock, $0.0001 par value, 125,292.00 shares authorized; 100,912.65 and 93,890.20 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. Liquidation preference of $239,860 and $187,780 as of September 30, 2024 and December 31, 2023, respectively(1). | $108,696 | $96,106 |
| Shareholders’ Equity (Deficit): | ||
| Preferred stock, $0.0001 par value, 99,874,708 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Common stock, $0.0001 par value, 500,000,000 shares authorized; 66,540,871 and 65,546,174 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 7 | 7 |
| Treasury stock, 614,654 and 353,470 shares, at cost, as of September 30, 2024 and December 31, 2023, respectively | (2,688) | (951) |
| Additional paid-in capital | 184,325 | 188,323 |
| Accumulated deficit | (280,937) | (233,791) |
| Accumulated other comprehensive income (loss) | 2,873 | 2,903 |
| Total shareholders’ equity (deficit) | (96,420) | (43,509) |
| Noncontrolling interests | — | 228 |
| Total equity (deficit) | (96,420) | (43,281) |
| Total liabilities, convertible preferred stock and equity (deficit) | $289,945 | $271,269 |
(1) Please refer to Note K – Convertible Preferred Stock for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.