Redwire CEO urges patience as company revenue misses targets

Peter Cannito say the space company should be measured in “years.”


  • By Mark Basch
  • | 3:50 a.m. August 18, 2022
  • | 0 Free Articles Remaining!
Redwire CEO Peter Cannito says delays in private industry space projects have affected Redwire’s business.
Redwire CEO Peter Cannito says delays in private industry space projects have affected Redwire’s business.
  • Columnists
  • Basch Report
  • Share

With Redwire Corp.’s revenue lagging behind the projections it made before going public last year, its chief executive is preaching patience.

“Redwire is the kind of company that you measure in years, if not multiyears, due to the lumpy nature of our revenue and the extraordinary pipeline that we have developed as we continue to make investments,” Peter Cannito said during the company’s Aug. 10 quarterly conference call.

Continue reading your article
with a JAX Daily Record subscription.
What's included:
  • ✓ Unlimited digital access to JaxDailyRecord.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed printed newspaper every Thursday

 

Sponsored Content

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.