SkyWater Technology, Inc. (NASDAQ:SKYT) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - CEO Steve Manko - CFO Conference Call Participants Harsh Kumar - Piper Sandler Shadi Mitwalli - Needham and Company Richard Shannon - Craig Hallum Ezra Weener - Jefferies Operator Good afternoon. My names is Rodger, and I will be your conference operator today. At this time, I would like to welcome everyone to the SkyWater Technology Q2 2024 Financial ...

Table of Contents ______________________ ______________________ Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common stock, par value $0.01 per share SKYT The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 ¨ TRANSITION REPORT PURSUANT TO SE ...

Exhibit 99.1 SkyWater Technology Reports Second Quarter 2024 Results Eighth Straight Quarter of Record Revenue and 34% Growth Year-Over-Year BLOOMINGTON, Minn., – August 7, 2024 – SkyWater Technology, Inc. (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 ...

This small manufacturer was always expected to have some growing pains, and the stock market didn't get the memo. Shares of small U.S.-based chip manufacturing start-up SkyWater Technologies (SKYT -1.70%) initially tanked over 30% following its Q1 2024 earnings update. Shares have rebounded a bit since then but are still down nearly 30% pre-earnings and down nearly 20% so far in 2024. It seems that stock market movers and shakers were surprised by a temporary dip in SkyWater's trajectory toward reaching pro ...

That was kicked off, again, in January, and that program will ramp throughout the year. We were excited to have AMD applaud our efforts in moving that type of capability back here to the U.S. So we expect to see a lot more coming from Florida as this year unfolds because of the technology that weÂ're putting in the fab. But nothing from a volume perspective at this point. Thomas Sonderman Yeah. Good question. And we've talked in the past about the J curve effect as we have customers convert from ATS to Wafe ...

©2024 SkyWater Technology. Proprietary. Business Model with Strong Operating Leverage 225 182 24 178 178 178 Revenue and Depreciation & Amortization (in millions) Depreciation & Amortization as a % of Revenue Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 $0 $20 $40 $60 $80 0% 5% 10% 15% Tool funding incorporated in contract awards through 2023 $ 76 † Total depreciation and amortization expected to comprise about 5% of our quarterly revenues in Q2 2024. | --- | --- | |-------|------ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 ¨ 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 ...

Exhibit 99.1 SkyWater Technology Reports First Quarter 2024 Results Seventh Straight Quarter of Record Revenue and 20% Growth Year-Over-Year BLOOMINGTON, Minn., – May 8, 2024 – SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2024 ended March 31, 2024. Financial Highlights for Q1 2024: • Revenue increased 20% year-over-year to a record $79.6 million. • Gross margin decreased to 16.3% on a GAAP basis, compared to 24. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 Securities registered under Section 12(b) of the Exchange Act: | Title of Each Class | Trading Symbol | Name ...

• Tool sales have historically been infrequent and viewed by management as secondary to ATS development programs. Accordingly, prior to the third quarter of 2023, we previously excluded the margin on tool sales when calculating non-GAAP gross profit, non-GAAP gross margin, non-GAAP earnings to shareholders and non-GAAP earnings to shareholders per basic share. Recently, our ATS customers have increasingly contracted with us to purchase tools on their behalf and we expect this trend to continue going forward ...