secwatch.observer — SEC 8-K summary
======================================

Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001819974-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997424000026/0001819974-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997424000026/skyt-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001819974-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer