secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001819974-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997424000003/0001819974-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997424000003/skyt-20240226.htm
  HTML page:      https://secwatch.observer/filing/0001819974-24-000003

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