SkyWater Q4 revenue record $79.2M (+22% YoY); FY23 revenue record $286.7M (+35% YoY)

SkyWater Technology, Inc

2023-FY EPS reported -$0.68 revenue$286,682,000

Q4 revenue $79.2M (+22% YoY), sixth straight record quarter; full year revenue $286.7M (+35% YoY).
GAAP net loss $10.3M (-$0.22 per share) in Q4, vs $3.0M loss in Q4 2022; non-GAAP net loss $1.1M (-$0.02).
ATS development revenue grew 53% YoY in FY23, driving total ATS revenue up 62% to $225.6M.
Adjusted EBITDA $10.6M in Q4 (13.4% margin); FY23 adjusted EBITDA $37.2M (13.0% margin), up from 3.6% in FY22.
Secured customer capital commitments for multi-year growth; DoD award up to $190M for Florida advanced packaging expansion.

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 fourth quarter and full fiscal year 2023 ended December 31, 2023 results: revenue $79.2 million, net income Net loss to shareholders of $10.3 million, or $(0.22) per share, EPS $(0.22) per share.

Period: fourth quarter and full fiscal year 2023 ended December 31, 2023
Revenue: $79.2 million
Net income: Net loss to shareholders of $10.3 million, or $(0.22) per share
EPS: $(0.22) per share
Result: reported results

Exact text from the filing

financial results for the fourth quarter and full fiscal year 2023 ended December 31, 2023. Financial Highlights for Q4 2023: • Revenue increased 22% year-over-year to a record $79.2 million. • Gross margin decreased to 15.2% on a GAAP basis, compared to 25.4% in Q4 2022, and decreased to 17.4% on a non-GAAP basis, compared to 26.1% in Q4 2022. • Net loss to

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Source: SEC EDGAR

accession 0001819974-24-000003

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