earnings
confidence high
sentiment negative
materiality 0.80
SkyWater reports FY2021 revenue $162.8M (+16% YoY); Q4 net loss $27.0M includes $13.4M write-down
SkyWater Technology, Inc
2021-FY EPS reported
-$1.76
revenue$162,848,000
- Annual revenue $162.8M (+16% YoY), but net loss to shareholders $50.7M (31% of revenue).
- Q4 revenue $38.5M (-3% YoY); GAAP gross loss of $16.6M driven by $13.4M inventory write-down.
- Q4 adjusted EBITDA -$4.9M (-12.6% margin) vs +$1.3M a year ago.
- Nine new Advanced Technology Services programs won in Q4; rad-hard technology achieved qualification milestone.
- Cash $12.9M vs $7.4M a year earlier; company expects 25% revenue growth in 2022.