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.

SkyWater Technology (SKYT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Investors Heavily Search SkyWater Technology, Inc. (SKYT): Here is What You Need to Know

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Brokers Suggest Investing in SkyWater Technology (SKYT): Read This Before Placing a Bet

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced that it has signed a preliminary memorandum of terms (PMT) valued at up to $16 million with the CHIPS for America program, which is administered by the U.S. Department of Commerce. This proposed funding would provide federal incentives to enhance production capabilities at SkyWater's Minnesota facility. This funding through the CHIPS Act will accelerate modernization an.

SkyWater Announces Proposed CHIPS Funding to Enhance Domestic Semiconductor Production and Capabilities

SkyWater Technology (SKYT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

SkyWater Technology, Inc. (SKYT) is Attracting Investor Attention: Here is What You Should Know

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the execution of an amendment to its Loan and Security Agreement with Siena Lending Group LLC and GRC SPV Investments, LLC. The amended agreement extends the revolving loan commitment's maturity date and increases the Company's borrowing capacity. As amended, the revolving loan commitment has been extended to December 31, 2028, and the capacity has been increased.

SkyWater Technology Enhances Financial Flexibility with Amended Loan and Security Agreement

Quantum-Si

BRANFORD, Conn. & BLOOMINGTON, Minn.--(BUSINESS WIRE)--Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or the “Company”), The Protein Sequencing Company™ and SkyWaterTechnology (NASDAQ: SKYT), the trusted technology realization partner, announced today they will jointly expand their relationship to support development of Proteus™, Quantum-Si's next-generation platform designed to transform proteomic research. The expanded collaboration will develop the consumable for Proteus that wil.

Quantum-Si Expands Collaboration with SkyWater to Develop New Chip Production Process Critical for Groundbreaking New Proteomics Platform

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it will be joining 17 other companies in collectively hosting the 13th Annual NYC Summit investor conference, being held Tuesday, December 17, 2024, at Mastro's Steakhouse New York. The investor presentation material utilized during the NYC Summit will be made available on the company's investor relations website at ir.skywatertechnology.com. About the 13th A.

SkyWater Announces Participation in 13th Annual NYC Summit

SkyWater Technology, Inc. shows impressive topline growth, but growth remains inconsistent, and real profitability is still elusive. The company's valuation is modest, trading at just over 1 times sales, but inconsistent performance and lack of sustained profitability are worrisome. I remain cautiously interested, acknowledging sales progress but wary of inconsistent results and the company's inability to maintain profitability.

SkyWater Technology: Cautious As Performance Remains Inconsistent

Recently, Zacks.com users have been paying close attention to SkyWater Technology (SKYT). This makes it worthwhile to examine what the stock has in store.

SkyWater Technology, Inc. (SKYT) Is a Trending Stock: Facts to Know Before Betting on It

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Tom Sonderman - President & CEO Steve Manko - CFO Claire McAdams - IR Conference Call Participants Krish Sankar - TD Cowen Nick Doyle - Needham & Company Richard Shannon - Craig-Hallum Capital Robert Aguanno - Piper Sandler Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.

SkyWater Technology, Inc. (SKYT) Q3 2024 Earnings Call Transcript

SkyWater Technology, Inc. (SKYT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.05 per share a year ago.

SkyWater Technology, Inc. (SKYT) Surpasses Q3 Earnings Estimates

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 mil.

SkyWater Technology Reports Third Quarter 2024 Results

SKYT is benefiting from strong demand for its solutions in the Aerospace & Defense (A&D) end market, partially offset by weakness in the Wafer business.

SkyWater Technology Stock Before Q3 Earnings: To Buy or Not to Buy?

SkyWater Technology (SKYT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SkyWater Technology, Inc. (SKYT) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Wall Street Bulls Look Optimistic About SkyWater Technology (SKYT): Should You Buy?

SkyWater Technology, Inc. (SKYT) closed at $11 in the latest trading session, marking a -0.45% move from the prior day.

SkyWater Technology, Inc. (SKYT) Stock Falls Amid Market Uptick: What Investors Need to Know

SKYT shares benefit from strong Aerospace & Defense end-market. However, weak Tool and Wafer Services revenues will hurt prospects.

SkyWater Shares Rise 22% in a Month: What Should Investors Do Now?

In the closing of the recent trading day, SkyWater Technology, Inc. (SKYT) stood at $9.72, denoting a -1.02% change from the preceding trading day.

SkyWater Technology, Inc. (SKYT) Registers a Bigger Fall Than the Market: Important Facts to Note

Here is What to Know Beyond Why SkyWater Technology, Inc. (SKYT) is a Trending Stock

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Wall Street Analysts Think SkyWater Technology (SKYT) Is a Good Investment: Is It?

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it will report its fiscal third quarter 2024 financial results following the close of the market on Thursday, November 7, 2024. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology Fiscal Third Quarter 2024 Earnings Webcast When: Thursday, November 7, 2024 Time: 3:30 p.m. CST (4:30 p.m. EST) Liv.

SkyWater Technology to Announce Third Quarter Financial Results on November 7, 2024

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of Bassel Haddad as senior vice president and general manager of advanced packaging. Reporting to President and COO John Sakamoto, Haddad will build and scale SkyWater's advanced packaging business serving both the defense and commercial market sectors. He will be responsible for all aspects of SkyWater's advanced packaging business including techn.

SkyWater Names Bassel Haddad as Sr. Vice President and General Manager of Advanced Packaging

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The Zacks Electronics - Semiconductors industry players, NVMI, PI and SKYT, gain from the growing proliferation of AI, ML and consumer electronic devices.

3 Top Stocks to Buy From Prospering Electronics Industry

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that company management is scheduled to participate in three investor conferences taking place during the third quarter: 5th Annual Needham Virtual Semiconductor 1x1 Conference August 22, 2024 (1x1s only) Jefferies Semiconductor, IT Hardware & Communications Technology Conference August 28, 2024 in Chicago (1x1s only) Piper Sandler Growth Frontiers Conference.

SkyWater Announces Participation in Upcoming Investor Conferences

SkyWater Technology, Inc. shares surged in response to strong second quarter results, as the company has reached break-even levels. The company is on track to become profitable and expects to maintain strong performance in the third quarter, with green shoots materializing. Despite recent growth and potential profitability around the corner, caution is advised due to past disappointments and lack of profitability for years.

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