---
schema_version: "secwatch.filing_event.v1"
accession: "0001819974-24-000012"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:34:18.079604+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SkyWater Q1 revenue rises 20% to record $79.6M; net loss widens to $0.12/share

## Summary
- GAAP net loss $5.7M ($0.12) vs $4.3M ($0.10) in Q1 2023; non-GAAP loss $3.7M ($0.08).
- Gross margin fell to 16.3% GAAP from 24.9%; includes $8M accrual for cost overrun on A&D program.
- ATS development revenue record $61.2M (+28% YoY); Wafer Services revenue down 44% to $10.0M.
- Adjusted EBITDA $4.9M (6.2% margin) vs $8.1M (12.3%) a year ago; tools revenue $8.5M.
- Customer-funded capex awards since 2020 exceed $100M; pipeline ~$200M over next three years.

## SEC filing metadata
- accession: 0001819974-24-000012
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819974/000181997424000012/0001819974-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000181997424000012/skyt-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819974-24-000012
- JSON: https://secwatch.observer/filing/0001819974-24-000012.json
- Plain text: https://secwatch.observer/filing/0001819974-24-000012.txt

## Key facts
- Earnings Releases
  SkyWater Technology, Inc reported first quarter 2024 ended March 31, 2024 results: revenue $79.6 million, net income Net loss to shareholders of $5.7 million, or $0.12 per share on a GAAP basis, EPS $0.12 per share on a GAAP basis.
  - Period: first quarter 2024 ended March 31, 2024
  - Revenue: $79.6 million
  - Net income: Net loss to shareholders of $5.7 million, or $0.12 per share on a GAAP basis
  - EPS: $0.12 per share on a GAAP basis
  - Result: reported results
  source text: partner, today announced financial results for the first quarter 2024 ended March 31, 2024. Financial Highlights for Q1 2024: • Revenue increased 20% year-over-year to a record $79.6 million. • Gross margin decreased to 16.3% on a GAAP basis, compared to 24.9% in Q1 2023, and decreased to 16.9% on a non-GAAP basis, compared to 25.7% in Q1 2023. • Net loss to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819974/000181997424000012/0001819974-24-000012-index.htm

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