Results Demonstrate Increasing Revenue Momentum and Gross Margin Improvement
BLOOMINGTON, Minn. – May 3, 2022 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter of 2022, ended April 3, 2022.
- Total revenue of $48.1 million, up 25% sequentially and flat year-over-year.
- Net loss to shareholders of $16.6 million, or (35)% of revenue.
- Adjusted EBITDA of $(4.8) million, or (10.0)% of revenue.
View the full First Quarter Results on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com