REDWIRE $RDW Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $109.0M (Est. $126M) 🔴; +5.4% YoY 🔹 EPS: -$0.09 (Est. -$0.12) 🟢 🔹 Adjusted EBITDA: -$5.3M (Est. -$4.7M) 🔴 🔹 Free Cash Flow: -$66.4M (Est. -$21.7M) 🔴 Affirms FY26 Guide: 🔹 Revenue: $450M-$500M (Est. $473M) 🟡 Segment Net Revenue: 🔹 Space: $61.3M; +32% YoY 🔹 Defense Tech: $47.8M; -16% YoY Announcements: 🔹 DARPA Contract: $20M for SabreSat VLEO testing 🔹 ISS Launch: four microgravity investigations; fourth and final pair of Roll-Out Solar Arrays Other Q3 Metrics: 🔹 Adjusted Gross Margin: 32.3%; +520 bps YoY 🔹 Book-to-Bill: 1.73; +38% YoY Key Updates: 🔹 Backlog: $619.7M; nearly 75% YoY 🔹 Contracts Awarded: $188.7M in Q3 Comments: 🔸 “Although revenue timing continues to be uneven, with another quarter of record gross margins expanding from 16.3% to 32.3% year-over-year, the quality of our revenue is improving as we deliver mission-critical products and solutions across multiple domains.” 🔸 “With $323.1 million of recorded revenue during the first nine months of 2026 supported by a record $619.7 million in Backlog 4 and $46.8 million of work in process and finished goods inventory, we again reaffirm our 2026 revenue forecast.”