SkyWater Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2023
November 08, 2023 at 09:06 pm
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SkyWater Technology, Inc. reported earnings results for the third quarter and nine months ended October 01, 2023. For the third quarter, the company reported sales was USD 71.62 million compared to USD 52.33 million a year ago. Net loss was USD 7.57 million compared to USD 6.94 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.17 a year ago.
For the nine months, sales was USD 207.53 million compared to USD 147.85 million a year ago. Net loss was USD 20.43 million compared to USD 36.55 million a year ago. Basic loss per share from continuing operations was USD 0.45 compared to USD 0.91 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.
SKYWATER TECHNOLOGY, INC. 
