SkyWater Q3 revenue up 37% to record $71.6M; gross margin expands to 19.8%

SkyWater Technology, Inc

2023-Q3 EPS reported -$0.45 revenue$207,529,000

ATS revenue rose 62% YoY to $57.1M; Wafer Services fell 16% to $14.5M.
GAAP net loss per share $(0.16); non-GAAP net loss per share $(0.05), improved from $(0.13) a year ago.
Adjusted EBITDA of $8.3M (11.6% of revenue) vs. $3.8M (7.3%) in Q3 2022.
Customer-funded capex increasing; new President & COO John Sakamoto on board.
Continued momentum on CHIPS Act applications for Bloomington, MN expansion.

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 the third quarter of 2023, ended October 1, 2023 results: revenue $71.6 million, net income net loss to shareholders of $7.6 million, EPS $(0.16) per share.

Period: the third quarter of 2023, ended October 1, 2023
Revenue: $71.6 million
Net income: net loss to shareholders of $7.6 million
EPS: $(0.16) per share
Result: reported results

Exact text from the filing

today announced financial results for the third quarter of 2023, ended October 1, 2023. Financial Highlights for Q3 2023: • Revenue increased 37% year-over-year to a record $71.6 million. • Gross margin increased to 19.8% on a GAAP basis, compared to 15.8% in Q3 2022, and increased to 20.4% on a non-GAAP basis, compared to 16.9% in Q3 2022. • Net loss to

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Source: SEC EDGAR

accession 0001819974-23-000115

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