secwatch.observer — SEC 8-K summary
======================================

Issuer:     Shimmick Corp (SHIM)
CIK:        0001887944
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0000950170-25-108861
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shimmick Q2 revenue up 42% to $128M; net loss narrows; lowers FY Adjusted EBITDA guidance to $5-15M
--------------------------------------------------------------------------------

- Revenue $128M (+42% YoY); gross margin $8M vs -$31M prior year.
- Net loss $8M ($0.25 loss per share) vs $51M loss prior year; adjusted net loss $5M.
- Shimmick Projects gross margin 13% vs 5% prior year; Non-Core Projects gross margin -43%.
- Backlog $652M, 88% Shimmick Projects; new awards include $70M in July and $164M preferred bidder.
- FY guidance: Shimmick Projects revenue $405-415M (up), Non-Core $80-90M (up), Adjusted EBITDA $5-15M (down).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1887944/000095017025108861/0000950170-25-108861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1887944/000095017025108861/shim-20250814.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-108861

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer