secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001819974-21-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyTechnology Q3 revenue $35M (+6% YoY); net loss widens to $13.9M
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- GAAP net loss of $13.9M ($0.36 loss per share) vs. $1.7M loss in Q3 2020.
- Adjusted EBITDA of $(2.7)M (negative 7.7% margin) vs. $5.3M positive in prior year.
- Wafer Services revenue $12.7M (+44% YoY) driven by 60% higher wafer output.
- Delayed revenue of ~$15M from ATS and Wafer Services programs into Q4 2021 and 2022 due to supply chain and gov't funding delays.
- Signed new ATS agreements including Carillon (HOBS chips) and Weebit Nano (ReRAM); eight new ATS programs won in the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997421000018/0001819974-21-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997421000018/skyt-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001819974-21-000018

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