SkyWater Q2 revenue $69.8M (+47% YoY); net loss narrows to $(0.19)/share; gross margin expands

SkyWater Technology, Inc

2023-Q2 EPS reported -$0.29 revenue$135,905,000

Revenue $69.8M (+47% YoY); ATS revenue $53.0M (+78%); trailing 12-month revenue $253M (+50%).
GAAP net loss $(8.6)M or $(0.19)/share vs $(0.32) YoY; non-GAAP loss $(0.14)/share.
GAAP gross margin 23.9% (up from 4.4% YoY); non-GAAP 24.7%; benefited 400bps from $3.6M contract pull-in.
Adjusted EBITDA $6.5M (9.3% of revenue) vs $(1.6M) negative YoY.
OpEx $20.2M; included $5.2M of consulting and CHIPS Act fees; reiterated 25% annual revenue growth objective.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SkyWater Technology, Inc reported the second quarter of 2023, ended July 2, 2023 results: revenue $69.8 million, net income $(0.19) per share, EPS $(0.19) per share.

Period: the second quarter of 2023, ended July 2, 2023
Revenue: $69.8 million
Net income: $(0.19) per share
EPS: $(0.19) per share
Result: reported results

Exact text from the filing

partner, today announced financial results for the second quarter of 2023, ended July 2, 2023. Highlights for Q2 2023: • Revenue increased 47% year-over-year to a record $69.8 million. • Gross margin increased to 23.9% on a GAAP basis, compared to 4.4% in Q2 2022, and increased to 24.7% on a non-GAAP basis, compared to 5.6% in Q2 2022. • Net loss to

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Source: SEC EDGAR

accession 0001819974-23-000046

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