Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Revenues $ 160,549 $ 137,601
Cost of sales 131,854 108,224
Gross margin 28,695 29,377
Operating expenses:    
Selling, general and administrative expenses 70,342 78,695
Contingent earnout expense 0 11,337
Transaction expenses 3,237 5,016
Total impairment expense [1] 96,623 0
Research and development 4,941 4,516
Operating income (loss) (146,448) (70,187)
Interest expense, net 8,219 6,456
Other (income) expense, net (16,075) (3,837)
Income (loss) before income taxes (138,592) (72,806)
Income tax expense (benefit) (7,972) (11,269)
Net income (loss) (130,620) (61,537)
Net income (loss) attributable to noncontrolling interests (3) 0
Net income (loss) attributable to Redwire Corporation $ (130,617) $ (61,537)
Net income (loss) per common share:    
Net income (loss) per share, basic (in dollars per share) [2] $ (2.09) $ (1.36)
Net income (loss) per share, diluted (in dollars per share) [2] $ (2.09) $ (1.36)
Comprehensive income (loss):    
Net income (loss) $ (130,617) $ (61,537)
Foreign currency translation gain (loss), net of tax 1,987 (403)
Total other comprehensive income (loss), net of tax 1,987 (403)
Total comprehensive income (loss) $ (128,630) $ (61,940)
[1] Please refer to Note G, Note H, Note I, Note K and Note T for additional information
[2] Please refer to Note U for additional information.