Exhibit 99.1 SkyWater Technology Reports Third Quarter 2024 Results Record Revenues with Increased Gross Margin and Earnings BLOOMINGTON, Minn., – November 7, 2024 – SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the third quarter 2024 ended September 29, 2024. Financial Highlights for Q3 2024: • Revenue increased 31% year-over-year to a record $93.8 million. • Gross margin increased to 21.6% on a GAAP basis, compared to 19.8% in Q ...

SkyWater Technology (SKYT) is set to report its third-quarter 2024 results on Nov. 7.SKYT expects third-quarter 2024 revenues to be slightly higher on a sequential basis. The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $94.65 million, indicating growth of 32.16% year over year. The consensus mark for loss is currently pegged at 2 cents per share, down from earnings of 1 cent over the past 30 days. SkyWater reported loss of 5 cents per share in the year-ago quarter.SKYT’s earni ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SkyWater Technology, Inc. (SKYT) .SkyWater Technology currently has an average brokerage recomm ...

SkyWater Technology, Inc. (SKYT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +22.7% over the past month versus the Zacks S&P 500 composite's +1% change. The Zacks Electronics - Semiconductors industry, to which SkyWater Technology belongs, has gained 1.6% over this period. Now the key question is: Where could the stock be headed in the near term ...

SkyWater Technology, Inc. (SKYT) closed at $11 in the latest trading session, marking a -0.45% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw an increase of 0.78%. Shares of the company witnessed a gain of 21.7% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.87% and the S&P 500's gain of 1.67%. The investment commun ...

SkyWater Technology (SKYT) shares have appreciated 21.7% in the past month, outperforming the broader Zacks Computer & Technology sector's return of 2.6%. SKYT shares have also outperformed the Zacks Electronics Semiconductors industry and its peers, including FormFactor (FORM) , Impinj (PI) and Broadcom (AVGO) . AVGO, FORM and PI shares have declined 0.3%, 4.2% and 5%, respectively, while the industry has declined 0.1% over the same timeframe. SkyWater is benefiting from strong demand for its solutions in ...

SkyWater Technology, Inc. (SKYT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this company have returned +8%, compared to the Zacks S&P 500 composite's +3.8% change. During this period, the Zacks Electronics - Semiconductors industry, which SkyWater Technology falls in, has gained 7.5%. The key question now is: What could be the stock's future directi ...

SkyWater Technology, Inc. (SKYT) closed at $9.74 in the latest trading session, marking a -1.32% move from the prior day. This change lagged the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.75%, and the technology-centric Nasdaq decreased by 1.01%. Coming into today, shares of the company had gained 6.93% in the past month. In that same time, the Computer and Technology sector gained 5.51%, while the S&P 500 gained 4.31%. The investment community will be paying close atte ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about SkyWater Technology, Inc. (SKYT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. SkyWater Techn ...

1 IF D H HT T 100 - 100 1 i T 1 Pgiam/iStock via Getty Images Shares of SkyWater Technology, Inc. (SKYT) have shot up considerably in response to the second quarter results. This followed a first quarter in which green shoots as well as continued disappointments were seen. The company was starting to focus on becoming a lower-capital intensive business model. It was on the verge of becoming profitable, seeing real green shoots, although I was quick to acknowledge that investors in SkyWater have seen disappo ...