Thank you, Jeff.
of through highlights for During today's by financial will the call, period. discussion XXXX, present of third Jonathan, I accomplishments you who followed the will a the quarter in our take same key
the We Slide for quarter will our for open outlook remainder Q&A.Please XXXX, record quarter that another also was at after pleased will we move performance continuing of to to am Redwire. X. which third I the report discuss floor the financial for
beneficial wide EBITDA. product the revenues, margins we high us once solutions quality profit mix. achieved expanded of and third gross a again XXXX, our in our a breadth tangible to deliver enabling record and to customers financial to quarter with adjusted our deliver is Our results shift ability products for We of shareholders.During
end position. resilience bottom balance sustainable markets top space during which dynamic we in to highly and of the line X. industry.Please from demonstrated We And growth, period Slide products, our line customers turn diversity continued a to and supports our financial
from our the of XXXX. first which Redwire, was we excellent half momentum for another during The third quarter of XXXX quarter continued
basis now in delivered of consecutive the QX, of $X.X of XXXX. X a year-over-year million quarter EBITDA the growth positive $X.X million $XX.X and XXXX quarters revenue, million adjusted year-over-year QX from have quarterly in achieved EBITDA adjusted achieved of a positive quarter third XX.X% We a third increase to revenue on growth.We We a of to third $X.X And from of million, of the quarter XXXX. we achieved year-over-year third to year-over-year the $X.X negative the quarter cash a million of of quarter of improvement the $X.X of third million, improvement XXXX. flow loss million. of achieved XXXX $X.X XXXX from a quarter We net third free
also achieved we important for financial products launches results and cash launched year-over-year in QX, X our of our In $X.X Lastly, we is record quarter. to the by delivering delivering solutions dependable negative of that million.It critical X improvement achieved a these note from continued customers. established of we and $X on track innovations positive million, developing operations flight-worthy
provide future strength Slide to this reliable business. turn Redwire, our customers of products X. our performance provides breadth At Beyond and growthPlease for the foundation a numbers, to and customers for resilience the
projects. capabilities the end national will growth significant the customer Security the Redwire providing are This noting personnel is market. of the barrier commercial our multiple space China, One national trend.As the serve multiple are is Agency competition.Another dynamics, to commercial future. space on differentiator the Redwire, on this It architectures. unclassified that our discuss to that to driving these for market, markets.First, note trends market example, space Our market us contractors addressable space to in allied participating we This TAM market opportunity our on fastest growth opinion our and race Space customers. with notably worth critical market geopolitical multiple prime as has we be ability most across can commercial growth. of to programs growing focus has services and important we organizations, facilities we the balance total customer entry contracts ability particular funding put an take which that Force's security encompasses market providing capitalize or we well markets including it the instructive in variety target it is see emerging to contracts. companies which are to for increases near Therefore, stability of organization. some Development time and with includes already U.S. our this across positioned in with see Current National the a our limited place. is competitors. space predominantly provides Space some of this security and market These capability, enable require ahead tranches, tremendous that to At commercial perform puts classified
a seeing the markets headwind capital companies pipeline opportunities reduction delaying this created volatility future significant recent target capital quarters. this out some space and near-term the in market, for pushing commercial we're in in However, market.A is for has awards into
well-funded show demand for entities still Redwire's heritage. commercial capabilities our spaceflight large because However, of
the growth some targeting also in in civil as are NASA there we space due should term the national national cases, offset to market, budgeting that such civil Fortunately, ultimately the customers.Lastly, our growth this congressional playing some U.S. are trend, outcomes security in with and out associated potential is commercial with includes in ESA. space which government. working appropriate It NASA security is acknowledge near budget also the risk agencies and customers to
provides here diversity our European again, strong. the remains us Space for Agency demand as some mitigation However,
strong period are is across different bottom agencies this. entered overall from globe.So demand demand. space we trends a civil seeing the space other the market line has addition, with signals of multinational number In industry a The market affecting dynamic
expanding space resilient budgets, civil in a The space to net to provides us provides participate markets.Additionally, U.S. a civil in X. and many Europe. Redwire's growth.Turning balance is result to across our as market allows security to to with such classified pathways Slide global position in However, that national headwinds markets footprint include emerging growing diverse commercial access some rapidly to budgets multinational opportunities
As is on Redwire to approaches one growth bottom line and of profitability, balance top to path our its profitability. continues line key
growth risk financial Redwire's a avoiding at disciplined selective with approach profitability, bidding. our As any through balances to drives performance growth result, cost. This approach
for detail investment. In line addition, make maintaining in the line in drive continues present our in last growth Redwire Balancing XX. create top that discuss foundation future.Turning later investments Slide to return and to value the as strategic while these discussed We'll a bottom quarter, additional prudent we presentation. ensures investments the on strong
that just driven solutions is to our today, strong for is performance our we mentioned, proven I financial why customers As ability are confident our by is sustainable. deliver it which differentiated
On slides, of or budget XX% is Space the The $XX on the examples FY we'll fiscal spend XXXX budget. $X.X enacted few rise. XXXX operational share the recent successes and Force's request our security higher next than national investments.As U.S. mentioned, of billion year almost some for is I billion
with its employees classified for national classified Department security for portion Air experience, with national Space positioned the the addition, facilities leadership in Redwire geographies, sets In security cleared is to showed dedicated business. Force of multiple budget secure Strategy Force of well the through proven critical skill August XXXX.With and projects to Force's continue the building sizable a Comprehensive Space
excellent an September first national platform, pain. back were spacecraft, located solutions.Please turn Redwire's to diabetes, dating of enabler Redwire right proud SpaceX the mission through area between conduct XXXX, accurately the for of asteroid year-to-date slide.Building is the in-space developed shown rely Services high shuttle this In Slide a its PIL-BOX, for to announced to on disease flight patch flight focused billion to space our revenues in Slide to Lilly delivered inaugural turn space The missions and which Eli to treatments to rover crystallization profile ongoing security.Please to commemorate on and Redwire only biotech example latest Resupply mission of the aboard with XX. the Redwire PIL-BOX fight, developing heritage to Psyche XXXX, To X example Spacecraft XX, journey. for mile space focus core Company help the in have will the Double this sun is experiments of on breakthrough X.X Commercial stars turn Slide XX. missions journey heritage.Please in our to recently period space from variety Redwire's space XX. Psyche on cutting-edge cardiovascular partnership striking era, Test of XX.X% Redwire's Redirection manufacturing sun pharmaceutical which NASA's is mission Mars multi-decade advanced sensors power will have navigate its the XX. and space sensors, throughout Asteroid from Jupiter. will For mission Mars sun a the sensors leadership mission of supported Redwire's XX multiple This the an
dynamically to Redwire's and Redwire computer multinational Interceptor support proud part be multinational been components. ESA exciting spacecraft, a visit our European the and Interceptor it Interceptor.Please we very computer expanded as in leader period it announced to activities, onboard control Comet a Agency's a for And new that designed Redwire contract critical are international and to advanced has a of be recently missions. is of mission.Comet have other The OHB the Slide management endeavor, onboard brains been turn monitor third-generation system. the Space to with is a to the is space awarded XX. long data Finally, continues provide the Italy selected to Space comment. including With power to space operations, Comet global first will spacecraft
backlogs. Turning to and our bookings
during of over for totaled the contracted second bookings third an our $XX.X million, million. quarter which $XX.X awards the Our quarter were XXXX, increase
future can one increased year Our months that QX this backlog of million. end last as QX since slide, on in confidence X.XXx us our ratio backlog XXXX.Finally, right-hand XX.X% you as backlog of our gives stability. of of of contracted last has XXXX a side was growth contracted the the is The book-to-bill at September growth contracted XX XX see and in factor to $XXX.X
opportunities, strategic September in XXXX, billion did with of XX. $XXX XXXX.Please X while the XX, to healthy only turn Redwire prudent Not year-to-date million quarters continue have including a continuing we We to did EBITDA submitted so first pipeline of make through proposals positive during estimated investments. approximately to Slide adjusted an $X.X achieve identified
turn continue Officer. line. Redwire's Jonathan? XX. now we of $X.X $X expenditures, and have XX, systems period flow corporate ending in development and made During to through in in like With over I'd XXXX, a to and future.Please million turn we investments Baliff, year-to-date that, call Clearly, Financial research $X demonstrate million million capital investing in investments to Chief infrastructure deliver and SG&A also our that perform now to while ability the September in in the to our Slide the variety Jonathan
