secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001819974-23-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997423000115/0001819974-23-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997423000115/skyt-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001819974-23-000115

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