Redwire Space Releases Q4 and Full-Year 2021 Financial Results

Redwire Space (NYSE:RDW), a space infrastructure conglomerate, released its FY2021 and Q4 financial results after the bell on Thursday. The sixth in the rush of space companies that de-SPAC’d in 2021, Redwire began trading on the NYSE in September.

The company dabbled on a few key business updates, including its Nov. acquisition of 3D bioprinting company Techshot and partnership on Orbital Reef. By the numbers:

  • $137.6M in revenue over 2021, up 237% YoY
  • Net loss of $61.5M, 328% higher than in 2020
  • Adj. EBITDA of $1.2M
  • $20.5M in cash and cash equivalents as of Dec. 31, 2021
  • Backlog of $271.6M

This year…Redwire had components flying on 12 launches. It has delivered the first of three roll-out solar arrays for the ISS. Redwire products are manifested on 8 confirmed launches this year, and the list is likely to grow in the coming months. Finally, the company is guiding 2022 revenue to $165M–$195M. 

A picks and shovels business? Redwire’s tech portfolio—power generation, 3D printing, deployable structures, avionics, advanced payloads, space biotechnology, and more—”are the building blocks necessary for the future space economy,” Chairman/CEO Peter Cannito said.

+ Market data: Redwire is leading the pack of space SPACs by stock performance this year. $RDW closed March up ~57% in March—and it’s up ~26% YTD. 

Related Stories

Bill Weber Steps Down as Firefly Aerospace CEO

Firefly has tapped board member Peter Schumacher as interim CEO while leadership kicks off a search process. 


The Growing Space Economy Is Doing Its Part To Fight Inflation

The space sector contributed $131B to American GDP in 2022, according to the most recent and precise analysis by the US government’s Bureau of Economic Analysis.


SIA Reports Record Growth for the Satellite Industry in 2023

The global space economy generated $400B of revenue last year, $285B of which ended up in the balance sheets of commercial satellite companies, according to the Satellite Industry Association’s State of the Satellite Industry Report.


Vast Inks Deal with The Exploration Company For Future Cargo Missions

The agreement opens the door for Europe to begin commercial and research-based missions in LEO.