secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001819974-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater posts record Q3 revenue of $93.8M, swings to GAAP net income of $1.5M
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- Record revenue $93.8M (+31% YoY); GAAP EPS $0.03 vs loss $(0.16); non-GAAP EPS $0.08 vs loss $(0.05).
- Gross margin expanded to 21.6% GAAP (22.3% non-GAAP) from 19.8% (20.4%); adjusted EBITDA $11.0M.
- Benefit from $5.6M reversal of loss accrual on A&D program; ATS dev revenue +5%, Wafer Services -54%.
- Q4 guidance: revenue $72-76M, GAAP EPS $(0.12)-(0.06), non-GAAP EPS $(0.10)-(0.04).
- Nine straight record revenue quarters; $30M+ customer-funded CapEx; selected for CHIPS Act ME Commons.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997424000037/0001819974-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997424000037/skyt-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001819974-24-000037

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