---
schema_version: "secwatch.filing_event.v1"
accession: "0001819974-22-000019"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:37:38.314566+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SkyWater Q1 revenue flat YoY at $48.1M; net loss widens to $14.5M

## Summary
- Revenue $48.1M (flat YoY, +25% QoQ); Wafer Services revenue jumped 115% YoY to $21.5M.
- GAAP gross loss of $0.9M (negative 2.0% margin) vs. $9.2M gross profit in Q1 2021.
- Net loss to shareholders $14.5M ($0.36/share) vs. $2.8M loss a year ago.
- Adjusted EBITDA negative $4.8M (negative 10% margin) vs. positive $5.6M in Q1 2021.
- Revised contract with largest customer improves pricing and revenue visibility; revenue recognized over time.

## SEC filing metadata
- accession: 0001819974-22-000019
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819974/000181997422000019/0001819974-22-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000181997422000019/skyt-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819974-22-000019
- JSON: https://secwatch.observer/filing/0001819974-22-000019.json
- Plain text: https://secwatch.observer/filing/0001819974-22-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.