Let’s take a look at the numbers for RDW and why I don’t think it’s a “meme” stock as much people say anymore .
\-Q2 earnings reported 117 million in revenue
\-Up 89.6% YoY, 27.8% gross margin compared to last years -30% gm
\-EBIDTAZ is very close to being breakeven
\-1.52x book to bill ratio
Now the backlogs I Defineltey like they just have to capitalize on it . Up to $542 million in backlogs currently up $411 million from last year . Defense tech contracts being a bulk sum of $220 million . Space being $300 million
The expansion of their Huntsville facility is also a big move for the company .
Recent orders :
$21.5 million order for stalker systems - Marine Corp
$15 million order for stalkers systems - Army
Recent contact won with an undisclosed NATO country roughly 50- 99 million (Penguin MK3 contract)
contract won with Taiwan Coast guard for their VTOL drone systems .
I think this company is starting to look more legit and I’m getting more confident in it by the week. If they keep winning contracts and can execute I think we can see some good price increases , curious on your thoughts .