---
schema_version: "secwatch.filing_event.v1"
accession: "0001819974-24-000003"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T15:37:50.182119+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001819974-24-000003
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819974/000181997424000003/0001819974-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000181997424000003/skyt-20240226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819974-24-000003
- JSON: https://secwatch.observer/filing/0001819974-24-000003.json
- Plain text: https://secwatch.observer/filing/0001819974-24-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819974/000181997424000003/0001819974-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.