SkyWater Q3 revenue $52.3M record (+49% YoY); adjusted EBITDA positive $3.8M

SkyWater Technology, Inc

2022-Q3 EPS reported -$910000.00 revenue$147,854,000

Q3 revenue $52.3M, up 49% YoY and 10% sequentially; ATS revenue $35.2M (+57% YoY).
GAAP net loss $6.9M ($0.17 loss per share), improved from $13.9M loss a year ago.
Adjusted EBITDA $3.8M (7.3% of revenue) vs -$2.7M in Q3 2021; Non-GAAP gross margin 16.8%.
Received $100M Phase 2 Rad-Hard award and $36M Florida grant for advanced packaging.
Selected as exclusive foundry for Google/NIST partnership; confident Q4 growth meets 25% annual target.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SkyWater Technology, Inc reported third quarter of fiscal 2022 results: revenue $52.3 million, net income $6.9 million net loss to shareholders, EPS $(0.17) per share. Guidance raised.

Period: third quarter of fiscal 2022
Revenue: $52.3 million
Net income: $6.9 million net loss to shareholders
EPS: $(0.17) per share
Guidance: raised
Result: reported results

Exact text from the filing

echnology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the third quarter of 2022, ended October 2, 2022. • Total revenue of $52.3 million, up 49% year over year. • Net loss to shareholders of $6.9 million, or (13)% of revenue. • Adjusted EBITDA of $3.8 million, or 7.3% of revenue. “We are pleased to report record

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Source: SEC EDGAR

accession 0001819974-22-000077

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