Skywater Technology (NASDAQ: SKYT ) is one of the few foundries based in the US that serves a strategically important sub-segment of the chip market - mature-node chip manufacturing for aerospace, defence and industrial applications. The new administration’sEx-hedge fund analyst with a strong interest in finding winners and losers in industries where corporate strategy matters most. I focus on analysing the market structure, competitive positioning and strategic catalysts that lead to money-making ideas in ...

Company Performance - SkyWater Technology, Inc. (SKYT) closed at $6.21, reflecting a +1.8% change from the previous day, outperforming the S&P 500's daily loss of 0.23% [1] - The stock has decreased by 25.97% over the past month, which is worse than the Computer and Technology sector's loss of 16.18% and the S&P 500's loss of 12.13% [1] Earnings Projections - The upcoming earnings disclosure projects an earnings per share (EPS) of -$0.13, indicating a 62.5% decrease from the same quarter last year [2] - Revenue is estimated to be $61.05 million, reflecting a 23.34% decrease compared to the same quarter of the previous year [2] Full Year Estimates - For the full year, the Zacks Consensus Estimates predict an EPS of -$0.07 and revenue of $309.2 million, showing changes of -216.67% and -9.66% from the previous year, respectively [3] - Recent changes to analyst estimates suggest a trend in business performance, with positive revisions indicating analyst optimism regarding the company's profitability [3] Zacks Rank and Industry Performance - SkyWater Technology, Inc. currently holds a Zacks Rank of 1 (Strong Buy), which has historically outperformed with an average annual gain of +25% since 1988 [5] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 65, placing it in the top 27% of over 250 industries [6]

SkyWater Technology (SKYT) shares have lost 37.7% in the trailing 12 months, underperforming the Zacks Computer and Technology sector and the S&P 500 index’s return of 5.4% and 9.5%, respectively. The stock has also underperformed the Zacks Electronics – Semiconductors industry’s growth of 0.9% in the same time frame.The stock’s underperformance can be attributed to weaker sentiment around semiconductor stocks, as investors worry about how profitable and lasting the AI trend really is. Since SkyWater is par ...

SkyWater Technology, Inc. (SKYT) closed at $7.85 in the latest trading session, marking a -0.25% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw an increase of 0.52%.The the stock of company has fallen by 24.25% in the past month, lagging the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 7.33%.The investment community will be closely monitoring t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-40345 SkyWater Technology, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

SkyWater Technology, Inc. (NASDAQ:SKYT) Q4 2024 Earnings Call February 26, 2025 8:30 AM ET Company Participants Claire McAdams - Investor Relations Thomas Sonderman - Chief Executive Officer Steve Manko - Chief Financial Officer Conference Call Participants Krish Sankar - TD Cowen Harsh Kumar - Piper Sandler Richard Shannon - Craig-Hallum Operator Good morning. My name is Aaron, and I will be your conference operator for today. At this time, I would like to welcome everyone to the SkyWater Technology Fourth ...

SkyWater Technology, Inc. (SKYT) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.07 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 157.14%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced earnings of $0.08, delivering a surprise of 500%.Over the last four quarters, ...

Revenue Performance - Revenue for Q4 2024 was $75.5 million, a decrease of 5% year-over-year, while total revenue for fiscal year 2024 reached a record $342.3 million, an increase of 19% year-over-year[4][17]. - Total revenue for the fiscal year ended December 29, 2024, was $342.3 million, an increase from $286.7 million in 2023[30]. - Total revenue for Q4 2024 was $75,487,000, a decrease from $93,817,000 in Q3 2024, indicating a 19.5% decline quarter-over-quarter[34]. - For Q1 2025, SkyWater expects total revenue to be in the range of $59 million to $63 million, with GAAP diluted net loss per share projected between $(0.14) to $(0.20)[18]. Profitability and Margins - Gross margin for Q4 2024 improved to 25.6% on a GAAP basis and 26.6% on a non-GAAP basis, compared to 15.2% and 17.4% respectively in Q4 2023[4][11]. - Adjusted EBITDA for fiscal year 2024 was $34.3 million, representing 10.0% of revenue, down from $37.2 million or 13.0% of revenue in fiscal year 2023[13]. - Adjusted EBITDA for the fiscal year ended December 29, 2024, was $34,282,000, with an adjusted EBITDA margin of 10.0%[47]. - Non-GAAP gross profit for the three-month period was $20,065,000, with a non-GAAP gross margin of 26.6%[43]. Net Loss and Earnings Per Share - The net loss to shareholders for Q4 2024 was $0.7 million, or $(0.01) per diluted share on a GAAP basis, a significant improvement from a net loss of $10.3 million, or $(0.22) per diluted share in Q4 2023[4][16]. - GAAP net loss to shareholders was $6.8 million, or $(0.14) per diluted share, significantly improved from a net loss of $30.8 million, or $(0.68) per diluted share, in 2023; non-GAAP net income was $2.7 million, or $0.06 per diluted share, compared to a non-GAAP net loss of $7.7 million, or $(0.17) per diluted share, in 2023[20]. - The net loss for the fiscal year ended December 29, 2024, was $2,517,000, a significant improvement from a net loss of $25,093,000 for the previous year[33]. - For the three-month period ended December 29, 2024, SkyWater reported a net loss of $679,000, compared to a net income of $1,512,000 for the previous quarter, reflecting a significant decline in performance[46]. Operating Expenses - GAAP operating expenses were $63.1 million, a decrease from $74.1 million in 2023, while non-GAAP operating expenses increased slightly to $56.0 million from $54.7 million in 2023[20]. - GAAP research and development expense increased to $4,214,000 for the three-month period, up from $3,431,000 in the previous quarter[43]. - Non-GAAP research and development expense for the fiscal year was $14,698,000, significantly higher than $9,050,000 in the previous year[43]. Cash Flow and Assets - Net cash provided by operating activities increased to $15,244,000, compared to $10,081,000 in the prior year, reflecting a 51.5% year-over-year growth[33]. - Total current assets decreased to $132.1 million from $146.4 million as of December 31, 2023[28]. - Cash and cash equivalents at the end of the fiscal year were $18,844,000, slightly up from $18,382,000 at the beginning of the fiscal year[33]. - The company experienced a net cash used in investing activities of $18,479,000, compared to $10,489,000 in the previous year, indicating increased investment outflows[33]. Strategic Initiatives - SkyWater launched the ThermaView℠ platform, targeting a $9 billion market for thermal imaging applications, enhancing its position in the semiconductor ecosystem[6]. - The company announced a preliminary $16 million CHIPS funding award, expected to be combined with $19 million in state incentives to enhance production capabilities[6]. - The company plans to continue expanding its Technology as a Service model to enhance production capabilities and market reach[22]. - Significant progress was made in transitioning multiple ATS development programs into production, including partnerships with Lumotive and NanoDX[6].

SkyWater Technology, Inc. (SKYT) closed at $10.39 in the latest trading session, marking a -1.42% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.Heading into today, shares of the company had lost 8.82% over the past month, lagging the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.6% in that time.Analysts and investors alike will be keeping a close eye on th ...

Core Viewpoint - Analyst recommendations play a significant role in influencing stock prices, but their reliability is questionable, particularly for SkyWater Technology, Inc. (SKYT) [1][4]. Group 1: Analyst Recommendations - SkyWater Technology has an average brokerage recommendation (ABR) of 1.60, indicating a position between Strong Buy and Buy, with 60% of recommendations being Strong Buy and 20% being Buy [2]. - The ABR suggests a buying opportunity for SkyWater Technology, but relying solely on this information may not be advisable due to the limited success of brokerage recommendations in guiding investors [4][9]. Group 2: Limitations of Brokerage Recommendations - Brokerage analysts often exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell recommendations [5][9]. - The interests of brokerage firms may not align with those of retail investors, resulting in limited insight into future stock price movements [6]. Group 3: Zacks Rank vs. ABR - The Zacks Rank, a proprietary stock rating tool, is considered a more reliable indicator of near-term price performance, based on earnings estimate revisions, and is distinct from the ABR [7][10]. - The Zacks Rank is timely and reflects changes in earnings estimates quickly, while the ABR may not always be up-to-date [11]. Group 4: Current Earnings Estimates for SKYT - The Zacks Consensus Estimate for SkyWater Technology remains unchanged at -$0.05, indicating steady analyst views on the company's earnings prospects [12]. - The unchanged consensus estimate has resulted in a Zacks Rank of 3 (Hold) for SkyWater Technology, suggesting caution despite the Buy-equivalent ABR [13].