secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001819974-22-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997422000077/0001819974-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997422000077/skyt-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001819974-22-000077

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