Nov 28, 2023
REDWIRE!
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REDWIRE!
What if... 🧵
just one of many showers on my travel here... #suicideshower #bombsquad #redwire or #bluewire #electricwater #welcome #southamerica #goodmorning #wakeup #makeup #motel #paymore #worryless
Lunar Robots and Exploration?
Redwire is developing the infrastructure for the Lunar Economy. The berthing and docking systems are to be compatible with other Lunar engineers of the ISRU Economy. If you don’t understand why NASA wants to land humans on the Moon, when using Robots is cheaper and won’t risk human lives…then you haven’t read my past comments.‘No, it’s not because NASA gets off by risking human lives, but too…
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Redwire Awarded $20 Million in Follow-On Orders from Navy and Marine Corps Small Tactical Unmanned Aircrafts Systems Program Office (PMA-263) to Deliver Stalker UAS Advanced Navigation and Standard Systems
Redwire Corporation (NYSE: RDW), a global leader in space and defense technology solutions, today announced it has received awards totaling over $20M in Purchase Orders (POs) in Q1 FY2026 supporting the Navy and Marine Corps Small Tactical Unmanned Aircraft Systems Program Office (PMA263) Family of Small UAS (FoSUAS) Team. This award encompasses the Marine Corps’ first acquisition of Redwire’s…
https://www.techbooky.business/redwire-reports-strong-q2-results-with-reduced-losses-and-increased-order-backlog/
Redwire Reports Strong Q2 Results with Reduced Losses and Increased Order Backlog
Space infrastructure firm Redwire announced a good second-quarter results, significantly narrowing its net losses while simultaneously expanding its contract backlog. The company achieved a second-quarter revenue of $60.1 million, marking a substantial 64% surge compared to the same period the previous year. Furthermore, Redwire’s backlog of contracted orders experienced remarkable growth, surging by nearly 70% year over year, reaching $272.8 million from $162.1 million in the preceding year.
The company successfully curtailed its net loss to $5.5 million, an impressive 93% reduction from the $77 million loss reported in the corresponding quarter of the prior year. Redwire’s Chief Financial Officer, Jonathan Baliff, noted the company’s exceptional progress in both commercial and operational aspects, leading to record financial performance in Q2 2023.
Following the announcement, Redwire’s stock demonstrated a positive trajectory in after-hours trading, experiencing an 8% increase from its closing price of $3.43 per share. Over the course of the year, Redwire’s shares have surged by over 70%.
Redwire’s commendable financial performance underscores its strategic advancements and growing market presence, positioning the company for continued growth in the dynamic space industry.
RED TEAR #red #tear #eyes #wire #redwire #cortin #canvas #art #painting #whiteback #redtear #annalorenzini https://www.instagram.com/p/CRn6V61NCfY/?utm_medium=tumblr