secwatch.observer — SEC 8-K summary
======================================

Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001819974-23-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997423000046/0001819974-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997423000046/skyt-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001819974-23-000046

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