secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001819974-22-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater reports FY2021 revenue $162.8M (+16% YoY); Q4 net loss $27.0M includes $13.4M write-down
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997422000009/0001819974-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997422000009/skyt-20220222.htm
  HTML page:      https://secwatch.observer/filing/0001819974-22-000009

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