SkyWater Technology Q1 2024 Adj EPS $(0.08) Misses $(0.05) Estimate, Sales $79.636M Miss $80.000M Estimate

5/8/24 4:18:34 PM ET

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SkyWater Technology (NASDAQ:SKYT) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.05) by 60 percent. This is a 33.33 percent decrease over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $79.636 million which missed the analyst consensus estimate of $80.000 million by 0.46 percent. This is a 20.49 percent increase over sales of $66.094 million the same period last year.

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Recent Analyst Ratings for
$SKYT

Date	Price Target	Rating	Analyst
2/27/2024	$12.00 → $15.00	Outperform	TD Cowen
2/27/2024	$13.00 → $15.00	Buy	Needham
4/26/2022	$10.00	Buy	Craig Hallum
2/24/2022	$25.00 → $15.00	Buy	Needham
11/4/2021	$32.00 → $25.00	Buy	Needham
8/5/2021	$27.00 → $23.00	Buy → Hold	Jefferies
8/5/2021	$40.00 → $32.00	Buy	Needham
7/16/2021	$40.00	Buy	Needham

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SkyWater Technology to Announce Third Quarter Financial Results on November 7, 2024
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) Live Webcast: available at https://ir.skywatertechnology.com or directly at https://events.q4inc.com/attendee/163718612. An archived webcast will be available on SkyWater Technology's Investor Relations page: https://ir.skywatertechnology.
10/8/24 4:05:00 PM ET
$SKYT
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SkyWater Names Bassel Haddad as Sr. Vice President and General Manager of Advanced Packaging
Haddad brings over 25 years of strategic leadership, business transformation, and industry and end market expertise 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 technology development, engineering, marketing and Florida fab operations. He will also focus on strengthening collaborations
9/16/24 7:05:00 AM ET
$SKYT
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SkyWater Announces Participation in Upcoming Investor Conferences
SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, today announced that company management is scheduled to participate in three investor conferences taking place during the third quarter: 5th Annual Needham Virtual Semiconductor 1x1 Conference August 22, 2024 (1x1s only) Jefferies Semiconductor, IT Hardware & Communications Technology Conference August 28, 2024 in Chicago (1x1s only) Piper Sandler Growth Frontiers Conference September 10, 2024 in Nashville – live webcast of presentation at 2:30pm EDT Investor presentation material utilized during these events, as well as a live and archived webcast link to the Piper Sandler presentation, will be made avai
8/14/24 4:05:00 PM ET
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$SKYT
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SkyWater Names Bassel Haddad as Sr. Vice President and General Manager of Advanced Packaging
Haddad brings over 25 years of strategic leadership, business transformation, and industry and end market expertise 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 technology development, engineering, marketing and Florida fab operations. He will also focus on strengthening collaborations
9/16/24 7:05:00 AM ET
$SKYT
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SkyWater Expands Board of Directors with Appointment of Dennis Goetz and Joseph Humke
New board members bring decades of finance and legal expertise to bolster SkyWater's strategic growth initiatives SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, today announced the appointment of two accomplished professionals to its board of directors: Dennis Goetz and Joseph Humke, effective April 1, 2024. Both individuals bring valuable expertise and experience that will significantly contribute to the strategic direction and growth trajectory of the company. Mr. Goetz will serve on the Board's Audit Committee and Mr. Humke will serve on the Nominating and Corporate Governance Committee. Mr. Goetz joins the Board with extensive finance experience as a
3/8/24 7:05:00 AM ET
$SKYT
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SkyWater Appoints John Sakamoto as President and Chief Operating Officer
Company prepares for strategic growth in the face of unprecedented opportunities for the U.S. semiconductor industry SkyWater Technology (NASDAQ:SKYT), the trusted technology realization partner, announced that John Sakamoto will be joining the company as president and chief operating officer, effective September 25, 2023. In his new role, Sakamoto will be responsible for all day-to-day business and manufacturing operations, driving consistent profitability, implementing growth strategies, and ensuring smooth and efficient operations across the enterprise. During the business transformation initiative currently underway, which SkyWater launched with third party consultants earlier this
9/14/23 7:05:00 AM ET
$SKYT
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SkyWater Technology Reports Second Quarter 2024 Results
Eighth Straight Quarter of Record Revenue and 34% Growth Year-Over-Year SkyWater Technology, Inc. (NASDAQ:SKYT), the trusted technology realization partner, today announced financial results for the second quarter 2024 ended June 30, 2024. Financial Highlights for Q2 2024: Revenue increased 34% year-over-year to a record $93.3 million. Gross margin decreased to 18.3% on a GAAP basis, compared to 23.9% in Q2 2023, and decreased to 18.9% on a non-GAAP basis, compared to 25.3% in Q2 2023. Net loss to shareholders of $1.9 million, or $0.04 per share on a GAAP basis, and net income to shareholders of $0.8 million, or $0.02 per share on a non-GAAP basis, compared to net loss to share
8/7/24 4:05:00 PM ET
$SKYT
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SkyWater Technology Reports First Quarter 2024 Results
Seventh Straight Quarter of Record Revenue and 20% Growth Year-Over-Year SkyWater Technology, Inc. (NASDAQ:SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2024 ended March 31, 2024. Financial Highlights for Q1 2024: Revenue increased 20% year-over-year to a record $79.6 million. Gross margin decreased to 16.3% on a GAAP basis, compared to 24.9% in Q1 2023, and decreased to 16.9% on a non-GAAP basis, compared to 25.7% in Q1 2023. Net loss to shareholders of $5.7 million, or $0.12 per share on a GAAP basis, and net loss to shareholders of $3.7 million, or $0.08 per share on a non-GAAP basis, compared to net loss to shareh
5/8/24 3:44:00 PM ET
$SKYT
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SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results
Sixth Straight Quarter of Record Revenue Culminates in 35% Growth Year for Fiscal 2023 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 to shareholders of $10.3 million, or $(0.22) per share on a GAAP basis, and net loss to shareholders of $1.1 million, or $(0.02) per share on a no
2/26/24 4:05:00 PM ET
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SkyWater Technology Q1 2024 Adj EPS $(0.08) Misses $(0.05) Estimate, Sales $79.636M Miss $80.000M Estimate

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Recent Analyst Ratings for $SKYT

$SKYT Analyst Ratings

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TD Cowen reiterated coverage on SkyWater Technology with a new price target

Needham reiterated coverage on SkyWater Technology with a new price target

Craig Hallum initiated coverage on SkyWater Technology with a new price target

$SKYT Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Unterseher Loren A sold $26,735 worth of shares (2,673 units at $10.00), decreasing direct ownership by 0.02% to 13,019,620 units (SEC Form 4)

Director Fares Nancy sold $70,508 worth of shares (8,850 units at $7.97), decreasing direct ownership by 22% to 32,073 units (SEC Form 4)

Unterseher Loren A was granted 12,285 shares, increasing direct ownership by 38% to 44,435 units (SEC Form 4)

$SKYT Press Releases

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

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

SkyWater Announces Participation in Upcoming Investor Conferences

$SKYT Large Ownership Changes

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SEC Form SC 13G/A filed by SkyWater Technology Inc. (Amendment)

SEC Form SC 13G/A filed by SkyWater Technology Inc. (Amendment)

SEC Form SC 13G/A filed by SkyWater Technology Inc. (Amendment)

$SKYT SEC Filings

SkyWater Technology Inc. filed SEC Form 8-K: Leadership Update

SEC Form 10-Q filed by SkyWater Technology Inc.

SkyWater Technology Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$SKYT Leadership Updates

Live Leadership Updates

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

SkyWater Expands Board of Directors with Appointment of Dennis Goetz and Joseph Humke

SkyWater Appoints John Sakamoto as President and Chief Operating Officer

$SKYT Financials

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SkyWater Technology Reports Second Quarter 2024 Results

SkyWater Technology Reports First Quarter 2024 Results

SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results

$SKYT Market Insights

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12 Information Technology Stocks Moving In Tuesday's After-Market Session

12 Information Technology Stocks Moving In Friday's After-Market Session

Why Diodes Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

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