Redwire Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Related Parties

Related Parties

3 Months Ended

Mar. 31, 2023

Note Q – Related Parties

The table below presents details of the Company’s related party transactions included on the condensed consolidated balance sheets and the condensed consolidated statements of operations and comprehensive income (loss) for the following periods:



		As of
		March 31, 2023		December 31, 2022
Accounts receivable:
Related Party A		$	216	$	—
Related Party B		2,889		258
		$	3,105	$	258

	Three Months Ended
Revenues:		March 31, 2023		March 31, 2022
Related Party A		$	394	$	194
Related Party B		2,971		—
		$	3,365	$	194

A customer of the Company, Related Party A, was a related party for the periods presented in the table above as Peter Cannito, the Company’s Chairman and Chief Executive Officer, and Kirk Konert, a member of the Company’s board of directors, also serve on the board of directors for the customer effective during the second quarter of 2022.

A customer of the Company, Related Party B, was a related party for the periods presented in the table above as AEI acquired a majority interest in the customer during the fourth quarter of 2022.

In the normal course of business, the Company participates in related party transactions with certain vendors and customers where AEI maintains a significant ownership interest and/or can exhibit significant influence on the operations of such parties. For the three months ended March 31, 2023 and March 31, 2022, transactions with other companies in AEI’s investment portfolio, not separately disclosed, did not have a material impact on the Company’s condensed consolidated financial statements.

Please refer to Note K – Convertible Preferred Stock, for related party transactions associated with the Company’s Convertible Preferred Stock.