$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
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