SkyWater Q2 revenue record $93.3M (+34% YoY); non-GAAP EPS positive $0.02

SkyWater Technology, Inc

2024-Q2 EPS reported -$0.16 revenue$172,965,000

Revenue $93.3M, up 34% YoY, eighth straight record quarter; ATS development revenue $61.7M +18%.
GAAP net loss $1.9M ($0.04 loss per share) vs $8.6M loss ($0.19 loss) in Q2 2023.
Non-GAAP net income $0.8M ($0.02 EPS) vs loss of $2.0M ($0.04 loss) YoY.
Adjusted EBITDA $8.1M (8.7% of revenue) vs $10.3M (14.7%) last year.
Wafer Services revenue fell 66% to $5.8M; customer-funded CapEx drove record tools revenue $25.9M.

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