SkyWater Technology (SKYT) Tops Q2 EPS by 2c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/20/2026

1. BRZE
2. SPY
3. META
4. ZION
5. RAPP
6. NFLX
7. IBM
8. AMZN
9. MMM
10. GRMN

Go back to SkyWater Technology (SKYT) Tops Q2 EPS by 2c

SkyWater Technology Reports Second Quarter 2022 Results

August 15, 2022 4:05 PM EDT

Strong Progress Toward 2022 Revenue Growth Objectives; Continued Gross Margin Expansion

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

Total revenue of $47.4 million, up 15% year over year. Net loss to shareholders of $13.0 million, or (27)% of revenue. Adjusted EBITDA of $(1.6) million, or (3.4)% of revenue.

We are pleased to report second-quarter 2022 revenues of over $47 million and increasing momentum toward our margin expansion and profitability objectives, said Thomas Sonderman,... More