SkyWater Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 02, 2023
August 07, 2023 at 09:05 pm
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SkyWater Technology, Inc. reported earnings results for the second quarter and six months ended July 02, 2023. For the second quarter, the company reported sales was USD 69.81 million compared to USD 47.41 million a year ago. Net loss was USD 8.59 million compared to USD 13.01 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.32 a year ago.
For the six months, sales was USD 135.91 million compared to USD 95.53 million a year ago. Net loss was USD 12.86 million compared to USD 29.61 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.74 a year ago.
SkyWater Technology, Inc. (SkyWater) is an independent, pure-play technology foundry that offers advanced semiconductor development and manufacturing services. Its technology-as-a-Service (TaaS) model leverages a foundation of technology and microelectronics manufacturing capacity to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Advanced Technology Services (ATS) for diverse microelectronics (integrated circuits (ICs)) and related micro-and nanotechnology applications. In addition to differentiated technology development services, it supports customers with volume production of ICs for high-growth markets through its Wafer Services. SkyWaterâs technologies offer diverse categories, including mixed-signal metal-oxide-semiconductor (CMOS), read-out integrated circuits (ICs), rad-hard ICs, power management, microelectromechanical systems (MEMS), superconducting ICs, photonics, carbon nanotubes and interposers.