secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001819974-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater records Q4 revenue $65.1M (+69% YoY); FY22 revenue $212.9M (+31%)
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- Q4 2022 revenue $65.1M (+69% YoY), ATS revenue $47.9M (+97%), Wafer Services $17.2M (+21%).
- GAAP gross margin 25.4% vs. (43.1)% in Q4 2021; adjusted EBITDA $10.3M (15.9% margin).
- FY22 revenue $212.9M (+31% YoY); GAAP net loss $39.6M ($0.97 loss per share) vs. $50.7M loss in FY21.
- Key 2022 milestones: RH90 Phase 2 award ($99M), Indiana fab partnership ($1.8B), $36M EDA grant for Florida facility.
- Cash balance $30.0M at year-end vs. $12.9M in Jan 2022; new $100M credit facility expanded borrowing capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997423000008/0001819974-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997423000008/skyt-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001819974-23-000008

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