SkyWater(SKYT) - 2025 Q3 - Quarterly Results

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 ...