SkyWater Technology (SKYT) Tops Q4 EPS by 10c, Beats on Revenue

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Go back to SkyWater Technology (SKYT) Tops Q4 EPS by 10c, Beats on Revenue

SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results

February 26, 2024 4:05 PM EST

Sixth Straight Quarter of Record Revenue Culminates in 35% Growth Year for Fiscal 2023

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full fiscal year 2023 ended December 31, 2023.

Financial Highlights for Q4 2023:

Revenue increased 22% year-over-year to a record $79.2 million. Gross margin decreased to 15.2% on a GAAP basis, compared to 25.4% in Q4 2022, and decreased to 17.4% on a non-GAAP basis, compared to 26.1% in Q4 2022. Net loss... More