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Redwire Corporation (NYSE:RDW), a key player in the aerospace manufacturing sector with a market capitalization of $696 million and impressive revenue growth of 25% in the last twelve months, announced today the filing of a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (SEC). This filing includes audited financial statements and unaudited pro forma financial information pertinent to Redwire’s impending acquisition of Edge Autonomy, a prominent provider of uncrewed airborne system technology.
As part of the acquisition process, detailed financial data for Edge Autonomy as of December 31, 2024, has been made public, providing investors with a clearer picture of the financial standing of the company being acquired. The audited consolidated financial statements for the year ending on that date are now accessible, alongside a report from independent auditors. According to InvestingPro data, Redwire’s current annual revenue stands at $304.1 million, with analysts expecting continued sales growth in the coming year. For deeper insights into Redwire’s financials and 14 additional exclusive ProTips, consider exploring InvestingPro’s comprehensive analysis tools.
Moreover, Redwire has presented unaudited pro forma financial information that projects the financial outcome of the merger for the same period. This forecast combines historical data from both Redwire and Edge Autonomy to illustrate the potential financial scenario post-acquisition, though it is noted that these figures are not necessarily indicative of future performance.
The acquisition, initially disclosed on January 20, 2025, and subsequently amended on February 3, 2025, is set to proceed through a merger agreement. This strategic move is expected to enhance Redwire’s capabilities and offerings within the aerospace industry by integrating Edge Autonomy’s expertise in unmanned aerial systems.
In anticipation of the merger’s completion, Redwire will issue a proxy statement to its stockholders, outlining the terms and seeking approval for the transaction. Shareholders are encouraged to review these materials carefully once available, as they will contain critical information regarding the merger.
The announcement comes amid a dynamic period for the aerospace and defense sectors, as companies continue to innovate and consolidate to meet evolving market demands. Redwire’s acquisition of Edge Autonomy is a clear indication of the company’s commitment to growth and its position as an emerging growth company within the industry. With analyst price targets ranging from $19 to $30 and InvestingPro’s Fair Value analysis suggesting the stock is currently undervalued, investors seeking detailed valuation metrics and expert analysis can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
This news is based on a press release statement and the information contained in the SEC filing by Redwire Corporation.
In other recent news, Redwire Corporation reported a significant earnings miss for the fourth quarter of 2024, with an EPS of -1.38, falling short of the expected -0.18. The company’s revenue for the quarter was $69.6 million, missing the forecasted $74.82 million. Despite these setbacks, Redwire achieved a 24.7% year-over-year increase in full-year revenue, totaling $304.1 million. In a strategic move, Redwire has received all necessary regulatory approvals for its acquisition of Edge Autonomy, which is expected to enhance its position in the space economy. The acquisition is projected to close in the second quarter of 2025, pending final conditions and stockholder approval. Additionally, Redwire secured a NASA contract to conduct four more pharmaceutical research missions aboard the ISS, leveraging its PIL-BOX technology. Cantor Fitzgerald has maintained its Overweight rating on Redwire, with a price target of $28, citing the company’s sales and profitability guidance for 2025. These developments reflect Redwire’s ongoing efforts to expand its capabilities and engage with investors through strategic initiatives.
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