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 ...

SkyWater Technology, Inc. (NASDAQ:SKYT) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - President & CEO Steve Manko - CFO Conference Call Participants Nicolas Doyle - Needham & Company Krish Sankar - TD Cowen Robert Aguanno - Piper Sandler Operator Thank you for standing by. My name is Greg, and I will be your conference operator today. At this time, I would like to welcome everyone to the SkyWater Technology Q1 2024 Financial Results Confe ...

©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 ...

Recent Business Highlights: 1 • Revenue increased 20% year-over-year to a record $79.6 million. • Gross margin decreased to 16.3% on a GAAP basis, compared to 24.9% in Q1 2023, and decreased to 16.9% on a non-GAAP basis, compared to 25.7% in Q1 2023. • Net loss to shareholders of $5.7 million, or $0.12 per share on a GAAP basis, and net loss to shareholders of $3.7 million, or $0.08 per share on a non-GAAP basis, compared to net loss to shareholders of $4.3 million, or $0.10 per share on a GAAP basis, and n ...

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 ...

SkyWater Technology, Inc. (NASDAQ:SKYT) Q4 2023 Earnings Conference Call February 26, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - President & CEO Steve Manko - CFO Conference Call Participants Quinn Bolton - Needham & Company Harsh Kumar - Piper Sandler Robert Mertens - TD Cowen Richard Shannon - Craig-Callum Capital Operator Good afternoon. My name is Audrey, and I will be your conference operator today. At this time, I'd like to welcome everyone to the SkyWater Technology F ...

Exhibit 99.1 SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results Sixth Straight Quarter of Record Revenue Culminates in 35% Growth Year for Fiscal 2023 BLOOMINGTON, Minn., – February 26, 2024 – SkyWater Technology, Inc. (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: Financial Highlights for Fiscal Year 2023: "We are pleased to del ...