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 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.

SkyWater Technology Expands Borrowing Capacity by Closing New $100 Million Senior Secured Revolving Credit Facility

BLOOMINGTON, Minn.--( BUSINESS WIRE )--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that management is scheduled to participate in the 25th Annual Needham Growth Conference, taking place at the Lotte New York Palace Hotel next week. SkyWater's presentation will be webcast live on Tuesday, January 10th at 3:00 pm EST. The presentation material utilized during the conference, as well as the live and archived webcast link of the presentation, will be made accessible on the investor page of the company's website: https://ir.skywatertechnology.com.

SkyWater Technology Announces Participation in the 25th Annual Needham Growth Conference

LOS ANGELES & BLOOMINGTON, Minn.--( BUSINESS WIRE )--The MOSIS Service of the Information Sciences Institute, University of Southern California and SkyWater Technology (NASDAQ: SKYT), today announced a collaboration to enable design-to-manufacturing for integrated circuit (IC) prototyping and production utilizing SkyWater's CMOS process technologies. The MOSIS Service will provide multi-project wafer (MPW) shuttle access to SkyWater's S90 and S130 mixed-signal CMOS technologies.

The MOSIS Service of the USC Information Sciences Institute and SkyWater Collaborate on Silicon IC Design Enablement and Manufacturing Service

SkyWater Technology's innovative semiconductor solutions are expected to drive its long-term revenue growth significantly. The company is benefitting from its increased level of investments in the domestic semiconductor ecosystem.

SkyWater Technology: An Impressive Long-Term Growth Story

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced today announced management's participation in the 11th Annual NYC Summit, being held Tuesday, December 13th at Mastro's New York.

SkyWater Technology Announces Participation in 11th Annual NYC Summit

BLOOMINGTON, Minn.--( BUSINESS WIRE )--SkyWater Technology (NASDAQ: SKYT) (the “Company” or “SkyWater”) announced today that the underwriter for its previously announced public offering of common stock has exercised in full its option to purchase up to $2.25 million of additional shares of SkyWater's common stock at the public offering price of $9.00 per share, less underwriting discounts and commissions.

SkyWater Announces Full Exercise of Underwriter's Option to Purchase Additional Shares

BLOOMINGTON, Minn.--( BUSINESS WIRE )--SkyWater Technology (NASDAQ: SKYT) (the “Company” or “SkyWater”) announced today that it has priced a public offering of $15.0 million of shares of its common stock at a price of $9.00 per share. The underwriter has a 30-day option to purchase up to $2.25 million of additional shares of SkyWater's common stock at the public offering price of the common stock, less underwriting discounts and commissions.

SkyWater Announces Pricing of Common Stock Offering

BLOOMINGTON, Minn.--( BUSINESS WIRE )--SkyWater Technology (NASDAQ: SKYT) (the “Company” or “SkyWater”) announced today that it has commenced a proposed underwritten registered public offering of its common stock. SkyWater expects to grant the underwriter a 30-day option to purchase additional shares of its common stock at the public offering price of the common stock, less underwriting discounts and commissions.

SkyWater Announces Offering of Shares of Common Stock

Major milestone toward commercialization of Weebit ReRAM at SkyWater lays groundwork for customers to confidently design innovative and highly differentiated SoCs Major milestone toward commercialization of Weebit ReRAM at SkyWater lays groundwork for customers to confidently design innovative and highly differentiated SoCs

Weebit Nano receives from SkyWater Technology the first silicon wafers it manufactured with embedded Weebit ReRAM

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q3 2022 Earnings Conference Call November 7, 2022 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - President and CEO Steve Manko - CFO Conference Call Participants Raji Gill - Needham & Company Harsh Kumar - Piper Sandler Mark Lipacis - Jefferies Operator Ladies and gentlemen, good afternoon. My name is Abby, and I will be your conference operator today.

SkyWater Technology, Inc. (SKYT) Q3 2022 Earnings Call Transcript

SkyWater Technology Reports Third Quarter 2022 Results

SkyWater Florida and BRIDG Complete Phase One of Government-Funded IBAS Interposer Technology Development Program

SkyWater Becomes Founding Member of SEMI's new Semiconductor Climate Consortium (SCC)

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SkyWater Technology to Announce Third Quarter 2022 Financial Results on November 7th

U.S. Government to Fund Expansion of IP Ecosystem for SkyWater's 90 nm Rad-Hard Platform

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it hosted Congresswoman Betty McCollum (MN-04) on October 7th for a tour of its Minnesota facility and a discussion on the U.S. semiconductor industrial base and the investments Congress has made in microelectronics with the CHIPS Act. As Chair of the House Appropriations Subcommittee on Defense (HAC-D), McCollum welcomed Under Secretary of Defense for Research an

Congresswoman Betty McCollum Visits SkyWater's Minnesota Facility for a Tour and Discussion on the U.S. Semiconductor Industrial Base and the CHIPS Act

WEST LAFAYETTE, Ind.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced it is hosting an executive roundtable at Purdue University today to discuss how strategic partnerships in Indiana can fast-track domestic capabilities, strengthen supply chains and foster national security. The roundtable includes participants from various segments of the semiconductor industry, academia and local government and is taking place during the 2022 Semicon

SkyWater to Host Roundtable at Purdue to Discuss Collaboration Models for Building Comprehensive Semiconductor Ecosystem in Indiana

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the Department of Defense (DOD) has awarded the company up to $99 million as a continuation of the previous initiative to broaden onshore production capabilities for strategic radiation-hardened (rad-hard) electronics. The DOD recently determined that SkyWater has successfully completed the base prototype project for its 90 nm rad-hard process (RH90), part of the

U.S. Department of Defense Awards SkyWater up to $99M in Additional Funding to Advance Rad-Hard Technology to Productization and Qualification

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it will manufacture chips that researchers can use to develop new nanotechnology and semiconductor devices through a cooperative research and development agreement between the U.S. Department of Commerce's National Institute of Standards and Technology (NIST) and Google. Through the partnership, Google will pay the initial cost of setting up production and will su

SkyWater to Provide Foundry Service for new NIST and Google Partnership to Create Supply of Chips for Researchers and Tech Startups

WEST LAFAYETTE, Ind.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the company's president and CEO Thomas Sonderman presented a keynote, addressing more than 300 engineering students at the Purdue Semiconductors Info Session last night. Sonderman provided an overview of the semiconductor industry and SkyWater's plans for a $1.8 billion manufacturing facility in Indiana on the Purdue campus. At the Info Session, students learned

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