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Can't find a thread, but had talked about this one before.
Smaller SPAC, basically a pure-play space holding company.

I can't find flaws in the math, so it seems reasonably priced.
EBIDTA profitable already. A mix of newer and older companies, that get their fingers in many space-related pies, such as satellites, 3d printing in ISS, moon and mars-related missions, solar sails, etc...

Looks like they emerge as a new company after Sept vote, and then trade as RDW. Currently GNPK.
https://redwirespace.com/2021/08/11/genesis-park-acquisition...

"As previously announced, the transaction values Redwire at a $615 million pro forma enterprise value, representing 9.6x estimated 2023 Adjusted EBITDA of approximately $64 million and 2.5x estimated 2025 Adjusted EBITDA of approximately $250 million. "

Latest Analyst day preso from July
https://www.genesis-park.com/uploads/8/2/7/7/82771586/redwir...

Lot of info there on what they do, but page 51 lists the financials and forecasts.
The 2025e rev seems a bit lofty, but they do not high confidence already in the 2022e revenue, thanks to current backlog, which means they expect to do at least 45% y/y when 2022 is all said and done.

I don't think this one is the next Upstart or anything, but seems like a fairly safe/decent CAGR bet.
Have a small allocation.


Dreamer
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