SkyWater Technology (SKYT) Tops Q1 EPS by 7c
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SkyWater Technology Reports First Quarter 2023 Results
May 8, 2023 4:09 PM EDTRecord Revenues for Q1 2023
BLOOMINGTON, Minn.--(BUSINESS WIRE)-- SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2023, ended April 2, 2023.
Highlights for Q1 2023:
Revenue increased 37% year-over-year to a record $66.1 million. Gross margin increased to 24.9% on a GAAP basis, compared to (2.0)% in Q1 2022, and increased to 25.8% on a non-GAAP basis, compared to 1.1% in Q1 2022. Net loss to shareholders of $4.3 million, or $(0.10) per share on a GAAP basis, and net loss to... More