secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001819974-25-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater Q4 revenue $75.5M (-5% YoY); FY2024 record $342.3M; Q1 2025 guidance $59-63M
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- Q4 GAAP net loss $0.7M ($0.01/share), improved from $10.3M loss YoY; non-GAAP net income $1.9M ($0.04/share).
- FY2024 revenue record $342.3M (+19% YoY); GAAP net loss $6.8M ($0.14/share) vs $30.8M loss in FY2023.
- Q1 2025 guidance: revenue $59-63M (down from Q4 $75.5M); GAAP diluted EPS loss $(0.14)-(0.20).
- CHIPS preliminary award of $16M plus $19M Minnesota state incentives; customer CapEx co-investment $77M in tools revenue in FY2024.
- ATS development revenue +4% YoY in Q4 to $59.4M; Wafer Services revenue -64% to $4.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000005/0001819974-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000181997425000005/skyt-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001819974-25-000005

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