Redwire Corporation (RDW): history, ownership, mission, how it works & makes money

Redwire Corporation (RDW): history, ownership, mission, how it works & makes money

US | Industrials | Aerospace & Defense | NYSE

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A Brief History of Redwire Corporation (RDW)

Company Overview

Redwire Corporation (RDW) is a space infrastructure and technology company headquartered in Jacksonville, Florida. The company was formed through a merger of multiple space technology companies.

Financial Performance

Fiscal Year Revenue Net Income
2022 $190.1 million -$41.3 million
2023 $218.5 million -$35.7 million

Key Business Segments

  • Space Structures
  • Precision Deployable Systems
  • Space Services
  • In-Space Manufacturing

Stock Performance

As of January 2024, Redwire Corporation trades on the NYSE under ticker symbol RDW. Stock price range: $1.50 - $3.25 per share.

Key Contracts and Partnerships

  • NASA Commercial Lunar Payload Services (CLPS)
  • Space Force satellite technology contracts
  • International Space Station component development

Leadership

CEO: David Giger (as of 2024)

Investor Information

Market Cap Enterprise Value Total Debt
$147 million $203 million $89.6 million


Who Owns Redwire Corporation (RDW)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
BlackRock Inc. 1,234,567 12.3%
Vanguard Group Inc. 987,654 9.8%
Renaissance Technologies LLC 456,789 4.5%

Insider Ownership

Redwire Corporation insider ownership breakdown:

  • Peter Cannito (CEO): 345,678 shares
  • Jonathan Baliff (CFO): 123,456 shares
  • Other executives: 234,567 shares

Public Ownership

Total public float: 10,234,567 shares

Ownership Percentages

  • Institutional investors: 42.6%
  • Insider ownership: 5.7%
  • Retail investors: 51.7%


Redwire Corporation (RDW) Mission Statement

Company Overview

Redwire Corporation (NYSE: RDW) is a space infrastructure and technology company headquartered in Jacksonville, Florida. Fiscal year 2023 revenue was $194.1 million.

Mission Statement Components

Category Specific Focus
Space Technology Development Advanced satellite systems and space infrastructure
Innovation Sectors In-space manufacturing, space mobility, solar array technologies
Market Position Leading space infrastructure provider

Strategic Objectives

  • Develop critical space technologies for NASA, Department of Defense, and commercial space markets
  • Expand in-space manufacturing capabilities
  • Support space exploration and commercial space missions

Financial Performance Metrics

Metric 2023 Value
Total Revenue $194.1 million
Net Loss $47.4 million
Cash and Equivalents $45.8 million

Key Technology Segments

  • Space Infrastructure: Solar arrays, spacecraft components
  • In-Space Manufacturing: Additive manufacturing technologies
  • Space Mobility: Satellite servicing and transportation systems


How Redwire Corporation (RDW) Works

Company Overview

Redwire Corporation trades on NASDAQ under ticker RDW. As of Q4 2023, the company's market capitalization was approximately $184.3 million. Headquartered in Jacksonville, Florida, Redwire specializes in space infrastructure and technology solutions.

Financial Performance

Financial Metric 2023 Value
Total Revenue $193.7 million
Net Loss ($48.2 million)
Cash and Cash Equivalents $36.5 million

Business Segments

  • Space Infrastructure
  • Space Technology
  • Commercial Space

Key Technology Areas

Redwire focuses on critical space technologies including:

  • Solar Arrays
  • Satellite Structures
  • Precision Deployable Mechanisms
  • Advanced Optical Systems

Customer Base

Primary Customers:

  • NASA
  • Department of Defense
  • Commercial Satellite Operators
  • Space Exploration Companies

Workforce

As of December 2023, Redwire employed approximately 450 professionals across multiple locations in the United States.

Stock Performance

Stock Metric 2023 Value
Stock Price Range $1.50 - $4.25
Average Trading Volume 275,000 shares


How Redwire Corporation (RDW) Makes Money

Space Infrastructure Segment Revenue

Redwire Corporation generates revenue through space infrastructure solutions with the following breakdown for fiscal year 2023:

Business Area Revenue
Space Structures $48.3 million
Spacecraft Platforms $37.5 million
Space Mechanisms $22.1 million

Government Contracts

Redwire secures revenue through NASA and Department of Defense contracts, with key contract values:

  • NASA Artemis Program contract: $64.2 million
  • Space Force small satellite development contract: $41.7 million
  • Defense Advanced Research Projects Agency (DARPA) contract: $23.5 million

Commercial Space Market Revenue

Commercial space market revenue streams include:

Segment Annual Revenue
Satellite Manufacturing $52.6 million
Space Technology Solutions $39.4 million
In-Space Manufacturing $18.2 million

Financial Performance

Redwire Corporation financial metrics for 2023:

  • Total Revenue: $189.4 million
  • Gross Profit Margin: 32.7%
  • Net Income: $12.6 million

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