SkyWater Technology (SKYT) Tops Q3 EPS by 9c, Misses on Revenue

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Go back to SkyWater Technology (SKYT) Tops Q3 EPS by 9c, Misses on Revenue

SkyWater Technology Reports Third Quarter 2024 Results

November 7, 2024 4:05 PM EST

Record Revenues with Increased Gross Margin and Earnings

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the third quarter 2024 ended September 29, 2024.

Financial Highlights for Q3 2024:

Revenue increased 31% year-over-year to a record $93.8 million. Gross margin increased to 21.6% on a GAAP basis, compared to 19.8% in Q3 2023, and increased to 22.3% on a non-GAAP basis, compared to 20.4% in Q3 2023. Net income to shareholders of $1.5 million, or $0.03 per... More