The company has $54m in cash and is burning over $40m per quarter
It also has an undrawn revolver of $35m
Even with the $250m ATM set for this quarter, total available liquidity would only provide roughly two years of runway, while the company still carries around $200m in debt
At the current $1.1b market cap, the ATM would be highly dilutive, and the debt load concerning
Summary: $RDW urgently needs new contracts and, more importantly, good execution to deliver them with good profitability
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$RDW is gaining more traction than ever before
However,
The company has $54m in cash and is burning over $40m per quarter
It also has an undrawn revolver of $35m
Even with the $250m ATM set for this quarter, total available liquidity would only provide roughly two years of runway, while the company still carries around $200m in debt
At the current $1.1b market cap, the ATM would be highly dilutive, and the debt load concerning
Summary: $RDW urgently needs new contracts and, more importantly, good execution to deliver them with good profitability