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Top related persons:
Jonathan Baliff - 2 CNBC's Michael Sheetz - 1 SpaceX's Starlink - 1 Uninsurable - 1 hasn't - 1 Here's - 1 they've - 1 … They're - 1
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☆ Investing in Space: Industry enters new era with tight funding and SpaceX dominance
  + stars: | 2023-09-14 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +5 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. BogeymanSpaceX feels a bit like Voldemort here: Whether it's the launch or satellite communications markets, SpaceX's dominance was a hot topic. While the company hasn't made any claims yet, the insurance market ramifications are looming. Because I think the one issue that creates dysfunction in this insurance market is … do you have enough volume to make up for this loss? … They're trying to figure out what 2024 is going to hold."
Persons: CNBC's Michael Sheetz, SpaceX's Starlink, Uninsurable, hasn't, Here's, they've, … They're, –, Jonathan Baliff, Henry Dubois, Adam Spice, EXIM, Judith Pryor, Pryor, there's Organizations: SpaceX, We're Locations: Paris, U.S
☆ Space company Redwire trims quarterly losses, builds order backlog past $270 million
  + stars: | 2023-08-07 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +1 min
Space infrastructure company Redwire said Monday that it nearly erased its net losses during the second quarter and further grew its contract backlog. Its backlog of contracted orders increased nearly 70% year over year, to $272.8 million from $162.1 million a year prior. The company trimmed its net loss to $5.5 million, dropping the amount 93% from $77 million in the quarter a year ago. Redwire stock rose as much as 8% in after-hours trading from its close at $3.43 a share. The company also reaffirmed full-year revenue guidance, saying it expects to bring in between $220 million and $250 million in 2023.
Persons: Redwire, Jonathan Baliff Organizations: New York Stock Exchange
☆ Space infrastructure company Redwire trims quarterly losses, builds order backlog
  + stars: | 2023-03-29 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +1 min
Space infrastructure company Redwire reported fourth-quarter results on Wednesday, saying it further trimmed its losses and built its order backlog. After rising as much as 10% in premarket trading, Redwire stock fell slightly soon after the opening bell. The company brought in $53.7 million in fourth-quarter revenue, up 31% from the same period a year ago. "Our financial performance showed improvement on both a sequential and year-over-year basis," Redwire CFO Jonathan Baliff said in a statement. For 2023, Redwire forecast full year revenue between $220 million to $250 million, up from $160.6 million in 2022 revenue.
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