Investors

Eighth Straight Quarter of Record Revenue and 34% Growth Year-Over-Year

BLOOMINGTON, Minn. – August 7, 2024 – SkyWater Technology (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 shareholders of $8.6 million, or $0.19 per share on a GAAP basis, and net loss to shareholders of $2.0 million, or $0.04 per share on a non-GAAP basis in Q2 2023.
  
• Adjusted EBITDA of $8.1 million, or 8.7% of revenue, compared to $10.3 million, or 14.7% of revenue in Q2 2023.

View the 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

Sixth Straight Quarter of Record Revenue Culminates in 35% Growth Year for Fiscal 2023

BLOOMINGTON, Minn. – February 26, 2024 – SkyWater Technology (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 non-GAAP basis, compared to net loss to shareholders of $3.0 million, or $(0.07) per share on a GAAP basis, and net loss to shareholders $1.5 million, or $(0.03) per share on a non-GAAP basis in Q4 2022.
• Adjusted EBITDA of $10.6 million, or 13.4% of revenue, compared to $10.3 million, or 15.9% of revenue in Q4 2022.
• View the 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

BLOOMINGTON, Minn. – November 15, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced management’s participation in the 12th Annual NYC Summit, being held Tuesday, December 12th at Mastro’s New York.

The presentation material utilized during the NYC Summit will be made accessible on the events page of SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com.

About the 12th Annual NYC Summit
The NYC Summit is collectively hosted and funded by participating companies and features a “round-robin” format consisting of small group meetings with company management teams. During the event, investors and analysts will have the opportunity to meet with the majority of the 15 management teams during the small group meeting sessions, as well as opportunities to meet with management during the breakfast and lunch networking sessions.

The 15 management teams collectively hosting the 12th Annual NYC Summit 2023 include: ACM Research (ACMR), Advanced Energy (AEIS), Aehr Test (AEHR), Alpha & Omega Semiconductor (AOSL), Axcelis (ACLS), Cohu, Inc. (COHU), CVD Equipment (CVV), FormFactor (FORM), Ichor Systems (ICHR), inTEST (INTT), Intevac (IVAC), Kulicke & Soffa (KLIC), Movella (MVLA), SkyWater Technology (SKYT), and Veeco Instruments, Inc. (VECO). Stifel and TD Cowen are sponsors of the conference.

Attendance at the NYC Summit is by invitation only and is available solely to accredited investors and publishing research analysts. As space is limited, please RSVP early.  Hosts reserve the right to limit attendance as necessary. Last day for registration is December 1, 2023. 

RSVP Contacts for 12th Annual NYC Summit 2023 
To RSVP for the NYC Summit, please contact either of the Summit’s co-chairs.

Laura J. Guerrant-Oiye 
Phone: (808) 960-2642
Email: lauraoiye@gmail.com 

Claire E. McAdams 
Phone: (530) 265-9899
Email: claire@headgatepartners.com

BLOOMINGTON, Minn. – August 16, 2023 – SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its participation in the annual Jefferies semiconductor conference in Chicago.

Jefferies Semiconductor, IT Hardware & Communications Technology Summit
Four Seasons Hotel Chicago
Wednesday, August 30, 2023 (meetings in Chicago)
Thursday, August 31, 2023 (Jefferies-hosted fab tour at SkyWater Bloomington)

The Summit consists of one-on-one and small group meetings. The investor presentation material utilized during the Summit will be made available 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

Record Revenues for both Q4 and Fiscal Year

BLOOMINGTON, Minn. – February 13, 2023 – 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 $3.0 million, or $(0.07) per share on a GAAP basis, and net loss to shareholders of $1.5 million, or $(0.03) per share on a non-GAAP basis.
• Adjusted EBITDA of $10.3 million, or 15.9% of revenue.

View the full Fourth 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

BLOOMINGTON, Minn. – January 23, 2023 – 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 Fourth Quarter Fiscal 2022 Earnings Webcast
When: Monday, February 13, 2023
Time: 3:30 p.m. CST (4:30 p.m. EST)
Live Webcast: https://ir.skywatertechnology.com or directly at: https://events.q4inc.com/attendee/940514176

An archived webcast will be available on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com.

About SkyWater Technology
SkyWater (NASDAQ: SKYT) is a U.S.-owned semiconductor manufacturer and a DMEA-accredited Trusted supplier. SkyWater’s Technology as a Service^SM model streamlines the path to production for customers with development services, volume production and heterogeneous integration solutions in its world-class U.S. facilities. This pioneering model enables innovators to co-create the next wave of technology with diverse categories including mixed-signal CMOS, ROICs, rad-hard ICs, power management, MEMS, superconducting ICs, photonics, carbon nanotubes and interposers. SkyWater serves growing markets including aerospace & defense, automotive, biomedical, cloud & computing, consumer, industrial and IoT. For more information, visit: www.skywatertechnology.com.

SkyWater Investor Contact: Claire McAdams | claire@headgatepartners.com
SkyWater Media Contact: Lauri Julian | media@skywatertechnology.com