SkyWater Technology (SKYT) Misses Q2 EPS by 2c

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

SkyWater Technology Reports Second Quarter 2023 Results

August 7, 2023 4:05 PM EDT

Record Revenues and Continued Year-over-Year Increase in Gross Margin

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

Highlights for Q2 2023:

Revenue increased 47% year-over-year to a record $69.8 million. Gross margin increased to 23.9% on a GAAP basis, compared to 4.4% in Q2 2022, and increased to 24.7% on a non-GAAP basis, compared to 5.6% in Q2 2022. Net loss to shareholders of $8.6 million, or... More