SkyWater Technology (SKYT) Reports In-Line Q1 EPS

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Go back to SkyWater Technology (SKYT) Reports In-Line Q1 EPS

SkyWater Technology Reports First Quarter 2022 Results

May 3, 2022 4:05 PM EDT

Results Demonstrate Increasing Revenue Momentum and Gross Margin Improvement

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter of 2022, ended April 3, 2022.

Total revenue of $48.1 million, up 25% sequentially and flat year-over-year. Net loss to shareholders of $16.6 million, or (35)% of revenue. Adjusted EBITDA of $(4.8) million, or (10.0)% of revenue.

The first quarter of 2022 was an important period of progress toward our long-term objectives... More