SkyWater Technology (SKYT) Tops Q1 EPS by 7c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/21/2026

1. SPCX
2. NVDA
3. NFLX
4. ISRG
5. COF
6. SMCI
7. RTX
8. TSLA
9. GOOGL
10. S

Go back to SkyWater Technology (SKYT) Tops Q1 EPS by 7c

SkyWater Technology Reports First Quarter 2023 Results

May 8, 2023 4:09 PM EDT

Record Revenues for Q1 2023

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2023, ended April 2, 2023.

Highlights for Q1 2023:

Revenue increased 37% year-over-year to a record $66.1 million. Gross margin increased to 24.9% on a GAAP basis, compared to (2.0)% in Q1 2022, and increased to 25.8% on a non-GAAP basis, compared to 1.1% in Q1 2022. Net loss to shareholders of $4.3 million, or $(0.10) per share on a GAAP basis, and net loss to... More