SkyWater Technology Reports First Quarter 2022 Results

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:

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