SkyWater(SKYT) - 2025 Q1 - Quarterly Results

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 ...