SkyWater Technology

Skywater Technology, Inc. is a holding company, which engages in the provision of semiconductor development, manufacturing services, and packaging services. The company was founded on October 3, 2016 and is headquartered in Bloomington, MN.

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SkyWater Technology achieves record Q4 revenues and eyes 25% annual growth

SkyWater Technology reported a strong finish to 2022 with record revenues and expects continued growth in 2023 driven by established programs and strategic partnerships. The company's focus on efficiency gains, automation, and modernization supports positive EBITDA growth and balance sheet strengthening.

SkyWater Technology posts record revenue and aims for strong growth

SkyWater Technology reports strong Q1 2023 earnings with record revenue and exceeding gross margin performance. The company's strategic positioning, focus on efficiency gains, and optimism towards CHIPS funding highlight growth potential. Challenges include balancing demand across segments and addressing weaknesses in consumer-side demand.

SkyWater Technology (SKYT) achieves record revenues and targets strong growth

SkyWater Technology (SKYT) delivered robust financial performance in Q2 2023, driven by record revenues and strong gross margins. Despite supply chain challenges, the company remains focused on innovation, efficiency gains, and capturing growth opportunities. With a strategic focus on key markets and technology-as-a-service model, SkyWater is well-positioned for long-term growth and profitability.

SkyWater Technology reports record Q3 revenues, eyes growth opportunities

SkyWater Technology's Q3 performance reflects strong revenue growth and operational improvements. The company's focus on technological advancements and strategic partnerships positions it well for future growth. Challenges include maintaining revenue stream balance and ensuring transformation investments yield desired outcomes.

SkyWater Technology reports record Q4 revenues and aims for profitability in 2024

SkyWater Technology's Q4 performance showed revenue growth and a focus on profitability. While facing challenges in the Wafer Services segment, the company is leveraging strengths in aerospace, defense, and bio health applications for future growth. Opportunities lie in ATS development revenue growth and business transformation.

SkyWater Technology reports record revenue, eyes margin expansion ahead

SkyWater Technology (SKYT) had a strong quarter with record revenue, but faced challenges with profitability due to additional costs. Despite this, the company's unique value proposition and focus on innovation present opportunities for growth and margin expansion.

SkyWater Technology (SKYT) reports record revenue and positive EPS, eyes growth

SkyWater Technology (SKYT) delivered a strong performance in Q2 2024, achieving record revenue and positive EPS. The company's strengths lie in securing funding, stable revenue expectations, and forecasted growth. Challenges include meeting profitability targets, while opportunities exist in advancing programs and meeting customer demand.

SkyWater Technology reports record Q3 earnings and eyes strong 2025 growth

SkyWater Technology's Q3 2024 performance reflects robust revenue and margin growth, with strategic agreements and project selections enhancing its market position. While challenges in scaling the advanced packaging business exist, the company is poised for significant revenue growth in 2025, particularly in A&D and advanced packaging.

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Skywater Technology, Inc. is a holding company. It engages in the provision of semiconductor development, manufacturing services, and packaging services. The company was founded on October 3, 2016 and is headquartered in Bloomington, MN.

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report second quarter fiscal 2023 financial results for the period ended July 2, 2023 following the close of the market on Monday, August 7, 2023. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology Second Quarter Fiscal 2023 Earnings Webcast When: Monday, August 7, 2023 Time: 3:3.

SkyWater Technology to Announce Second Quarter Financial Results on August 7, 2023

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its President and CEO, Thomas Sonderman will provide a keynote at SEMICON West 2023 on July 13th. The presentation, “Building the Future: Workforce Development in the Semiconductor Manufacturing Industry," will address the workforce shortage and how companies must embrace a comprehensive range of initiatives to ensure a sustainable talent pipeline. Sonderman will.

SkyWater CEO Thomas Sonderman to Deliver Keynote at SEMICON West

Achievement attests to quality, reliability and repeatability of Weebit's embedded IP for use in customer production chips Achievement attests to quality, reliability and repeatability of Weebit's embedded IP for use in customer production chips

Weebit Nano's ReRAM IP now fully qualified in SkyWater Technology's S130 process

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced 10 recipients have been selected by Scholarship America to receive $10,000 each through the launch of SkyWater Foundation's annual Scholarship Program, thanks to the generous support of the Oxbow Foundation. While the scholarship application process was open to students in any major or field of study, applicants pursuing a certificate or degree in STEM (science, t.

SkyWater Foundation's First Annual College Scholarship Program Awards $100,000 in Support of U.S. Workforce Development

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced management's participation in the 15th Annual CEO Investor Summit, being held Wednesday, July 12th at the St. Regis San Francisco. The investor presentation material utilized during the CEO Summit will be made available on the company's investor relations website at ir.skywatertechnology.com. About the 15th Annual CEO Investor Summit 2023 The CEO Investor Summit i.

SkyWater Announces Participation in 15th Annual CEO Investor Summit

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SkyWater Technology's Q1 2023 top line and bottom line both came in above expectations, and SKYT has guided for strong revenue expansion and gross margin improvement in FY 2023. I deem SkyWater Technology's shares to be undervalued based on a comparison of SKYT's current Enterprise Value-to-Revenue multiple with its short-term and long-term financial outlook.

SkyWater Technology: Favorable Outlook Supports A Higher Multiple

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q1 2023 Earnings Conference Call May 8, 2023 4:30 PM ET Company Participants Claire McAdams - Investor Relations Thomas Sonderman - President & Chief Executive Officer Steve Manko - Chief Financial Officer Conference Call Participants Raji Gill - Needham & Company Natalia Winkler - Jefferies Richard Shannon - Craig Hallum Operator Good afternoon, ladies and gentlemen. Welcome to the SkyWater Technology First Quarter 2023 Financial Results Conference Call.

SkyWater Technology, Inc. (SKYT) Q1 2023 Earnings Call Transcript

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 s.

SkyWater Technology Reports First Quarter 2023 Results

BLOOMINGTON, Minn. & PALO ALTO, Calif.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced PsiQuantum has expanded its development agreement with the company and its plan to produce silicon photonic chips that will become part of future quantum computing systems. The companies have teamed up to develop the chips in SkyWater's semiconductor manufacturing facility in Bloomington, Minnesota. This engagement supports PsiQuantum's goal to.

PsiQuantum Expands Development Engagement and Plan for Production Ramp of Quantum Computing Technology at SkyWater's Minnesota Fab

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report first quarter fiscal 2023 financial results for the period ended April 2, 2023 following the close of the market on Monday, May 8, 2023. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology First Quarter Fiscal 2023 Earnings Webcast When: Monday, May 8, 2023 Time: 3:30 p.m.

SkyWater Technology to Announce First Quarter Financial Results on May 8, 2023

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it has established a new cryogenic lab to characterize random telegraph signal (RTS) noise for read-out integrated circuits (ROICs). Mitigating RTS noise is crucial to improving the image quality and performance for ROIC customers in various applications such as night vision, military surveillance, and industrial and automotive thermal imaging.

SkyWater Establishes Cryogenic Lab, Utilizes FormFactor's Leading Tool for RTS Noise Detection in Read-Out Integrated Circuit Applications

HOD HASHARON, Israel & BLOOMINGTON, Minn.--(BUSINESS WIRE)--Weebit Nano Limited (ASX:WBT), a leading developer of advanced memory technologies for the global semiconductor industry, and SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announce availability of Weebit's resistive RAM (ReRAM) IP in SkyWater's 130nm CMOS (S130) process.

Weebit Nano ReRAM IP now available in SkyWater Technology's S130 process

SkyWater Technology is an exciting small-cap semiconductor stock in the heartland of America. Is SKYT stock a buy now?

Stocks to Buy Now-SkyWater Technology Stock-CEO Interview-Thomas Sonderman

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that Thomas Sonderman, the company's president and CEO, will present a keynote speech at the upcoming U.S. International Semiconductor Executive Summit (ISES) which will take place on March 7-8, 2023. The conference provides a platform to strengthen the U.S.

SkyWater President and CEO Thomas Sonderman to Deliver Keynote Speech at U.S. International Semiconductor Executive Summit (ISES)

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Earnings results for the semiconductor maker crushed expectations.

Why SkyWater Technology Stock Jumped 33.1% Today

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q4 2022 Earnings Conference Call February 13, 2023 4:30 PM ET Company Participants Claire McAdams - Investor Relations Thomas Sonderman - President & Chief Executive Officer Steve Manko - Chief Financial Officer Conference Call Participants Krish Sankar - Cowen & Company Raji Gill - Needham & Company Natalia Winkler - Jefferies Harsh Kumar - Piper Sandler Richard Shannon - Craig Hallum Operator Please standby, we're about to begin. Good afternoon, ladies and gentlemen.

SkyWater Technology, Inc. (SKYT) Q4 2022 Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full year 2022, ended January 1, 2023. Highlights for Q4 2022: Revenue increased 69% year-over-year to a record $65.1 million. Gross margin increased to 25.4% on a GAAP basis, compared to (43.1)% in Q4 2021, and increased to 26.2% on a non-GAAP basis, compared to (6.1)% in Q4 2021. Net loss to shareholders of $3.

SkyWater Technology Reports Fourth Quarter and Full Year 2022 Results

BLOOMINGTON, Minn. & AUSTIN, Texas--( BUSINESS WIRE )--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced a strategic partnership with VORAGO Technologies, effectively moving VORAGO's fabrication efforts stateside to SkyWater's DMEA-accredited Category 1A Trusted Foundry. The partnership is based on SkyWater implementing VORAGO's patented HARDSIL® technology, which is a cost-effective semiconductor processing method that enables devices to operate at higher temperature and radiation levels.

VORAGO Technologies to Move All its Manufacturing Stateside in Strategic Partnership with SkyWater's Trusted Foundry

BLOOMINGTON, Minn.--( BUSINESS WIRE )--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report fourth quarter fiscal 2022 financial results for the period ended January 1, 2023 following the close of the market on Monday, February 13, 2023. The same afternoon, management will host a webcast to discuss its business and financial results.

SkyWater Technology to Announce Fourth Quarter 2022 Financial Results on February 13th

BLOOMINGTON, Minn.--( BUSINESS WIRE )--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the signing of a new $100 million three-year senior secured revolving credit facility that expands the company's available borrowing capacity. The new credit facility contains an accordion feature that allows the company to increase the size of the facility by up to $30 million, subject to certain conditions, for a total potential borrowing capacity of up to $130 million. The facility was jointly arranged by Siena Lending Group LLC (“Siena”) and Great Rock Capital (“Great Rock”), leading asset-based lending companies. Concurrently with the closing of the new facility, SkyWater terminated its existing senior credit facility with Wells Fargo.

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