Redwire Corp
For the period ended Sep 30, 2024. Filed Nov 7, 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.
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.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands of U.S. dollars, except share and per share data)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| Revenues | $68,638 | $62,612 | $234,541 | $180,315 |
| Cost of sales | 56,615 | 45,495 | 194,709 | 133,077 |
| Gross profit | 12,023 | 17,117 | 39,832 | 47,238 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 17,521 | 18,302 | 52,971 | 52,026 |
| Transaction expenses | 5,121 | — | 5,399 | 13 |
| Research and development | 1,893 | 1,532 | 4,681 | 3,990 |
| Operating income (loss) | (12,512) | (2,717) | (23,219) | (8,791) |
| Interest expense, net | 3,610 | 2,629 | 9,537 | 7,937 |
| Other (income) expense, net | 5,309 | 1,232 | 14,734 | 2,689 |
| Income (loss) before income taxes | (21,431) | (6,578) | (47,490) | (19,417) |
| Income tax expense (benefit) | (472) | (253) | (348) | (369) |
| Net income (loss) | (20,959) | (6,325) | (47,142) | (19,048) |
| Net income (loss) attributable to noncontrolling interests | — | (72) | 4 | (73) |
| Net income (loss) attributable to Redwire Corporation | (20,959) | (6,253) | (47,146) | (18,975) |
| Less: dividends on Convertible Preferred Stock | 3,383 | 2,874 | 16,125 | 12,040 |
| Net income (loss) available to common shareholders | $(24,342) | $(9,127) | $(63,271) | $(31,015) |
| Net income (loss) per common share: | ||||
| Basic and diluted | $(0.37) | $(0.14) | $(0.96) | $(0.48) |
| Weighted-average shares outstanding: | ||||
| Basic and diluted | 66,529,288 | 64,795,985 | 65,936,597 | 64,475,390 |
| Comprehensive income (loss): | ||||
| Net income (loss) attributable to Redwire Corporation | $(20,959) | $(6,253) | $(47,146) | $(18,975) |
| Foreign currency translation gain (loss), net of tax | 877 | (860) | 127 | (304) |
| Total other comprehensive income (loss), net of tax | 877 | (860) | 127 | (304) |
| Total comprehensive income (loss) | $(20,082) | $(7,113) | $(47,019) | $(19,279) |
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