Strong Progress Toward 2022 Revenue Growth Objectives; Continued Gross Margin Expansion
BLOOMINGTON, Minn. – August 15, 2022 – SkyWater Technology (NASDAQ: SKYT) the trusted technology realization partner today announced financial results for the second quarter of 2022, ended July 3, 2022.
- Total revenue of $47.4 million, up 15% year over year.
- Net loss to shareholders of $13.0 million, or (27)% of revenue.
- Adjusted EBITDA of $(1.6) million, or (3.4)% of revenue
View the full Second Quarter Results on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com
SkyWater Investor Contact: Claire McAdams | claire@headgatepartners.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com