SkyWater Technology (SKYT) Tops Q2 EPS by 2c
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SkyWater Technology Reports Second Quarter 2022 Results
August 15, 2022 4:05 PM EDTStrong Progress Toward 2022 Revenue Growth Objectives; Continued Gross Margin Expansion
BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the second quarter of 2022, ended July 3, 2022.
Total revenue of $47.4 million, up 15% year over year. Net loss to shareholders of $13.0 million, or (27)% of revenue. Adjusted EBITDA of $(1.6) million, or (3.4)% of revenue.We are pleased to report second-quarter 2022 revenues of over $47 million and increasing momentum toward our margin expansion and profitability objectives, said Thomas Sonderman,... More
