SkyWater Technology, Inc. (SKYT)

NASDAQ: SKYT · Real-Time Price · USD
13.75
+1.31 (10.53%)
At close: Dec 20, 2024, 4:00 PM
14.38
+0.63 (4.58%)
After-hours: Dec 20, 2024, 6:58 PM EST
10.53%
Market Cap 655.27M
Revenue (ttm) 345.94M
Net Income (ttm) -16.44M
Shares Out 47.66M
EPS (ttm) -0.35
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,777,002
Open 12.05
Previous Close 12.44
Day's Range 12.01 - 14.66
52-Week Range 5.63 - 19.00
Beta 3.72
Analysts Strong Buy
Price Target 12.75 (-7.27%)
Earnings Date Nov 7, 2024

About SKYT

SkyWater Technology, Inc., together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits. It serves customers operating in the computation, aeros... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Apr 21, 2021
Employees 731
Stock Exchange NASDAQ
Ticker Symbol SKYT
Full Company Profile

Financial Performance

In 2023, SkyWater Technology's revenue was $286.68 million, an increase of 34.63% compared to the previous year's $212.94 million. Losses were -$30.76 million, -22.32% less than in 2022.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for SKYT stock is "Strong Buy." The 12-month stock price forecast is $12.75, which is a decrease of -7.27% from the latest price.

Price Target
$12.75
(-7.27% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

SkyWater Announces Proposed CHIPS Funding to Enhance Domestic Semiconductor Production and Capabilities

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced that it has signed a preliminary memorandum of terms (PMT) valued at up t...

14 days ago - Business Wire

SkyWater Technology Enhances Financial Flexibility with Amended Loan and Security Agreement

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the execution of an amendment to its Loan and Security Agreement wi...

25 days ago - Business Wire

Quantum-Si Expands Collaboration with SkyWater to Develop New Chip Production Process Critical for Groundbreaking New Proteomics Platform

BRANFORD, Conn. & BLOOMINGTON, Minn.--(BUSINESS WIRE)--Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or the “Company”), The Protein Sequencing Company™ and SkyWaterTechnology (NASDAQ: SKY...

Other symbols: QSI
4 weeks ago - Business Wire

SkyWater Announces Participation in 13th Annual NYC Summit

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it will be joining 17 other companies in collectively hosting ...

4 weeks ago - Business Wire

SkyWater Technology: Cautious As Performance Remains Inconsistent

SkyWater Technology, Inc. shows impressive topline growth, but growth remains inconsistent, and real profitability is still elusive. The company's valuation is modest, trading at just over 1 times sal...

5 weeks ago - Seeking Alpha

SkyWater Technology, Inc. (SKYT) Q3 2024 Earnings Call Transcript

SkyWater Technology, Inc. (NASDAQ:SKYT) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Tom Sonderman - President & CEO Steve Manko - CFO Claire McAdams - IR Confere...

5 weeks ago - Seeking Alpha

SkyWater Technology Reports Third Quarter 2024 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the third quarter 2024 ended September ...

6 weeks ago - Business Wire

SkyWater Technology to Announce Third Quarter Financial Results on November 7, 2024

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it will report its fiscal third quarter 2024 financial results...

2 months ago - Business Wire

SkyWater Names Bassel Haddad as Sr. Vice President and General Manager of Advanced Packaging

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of Bassel Haddad as senior vice president and gener...

3 months ago - Business Wire

SkyWater Announces Participation in Upcoming Investor Conferences

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that company management is scheduled to participate in three invest...

4 months ago - Business Wire

SkyWater Technology: Impressive Top-Line Results

SkyWater Technology, Inc. shares surged in response to strong second quarter results, as the company has reached break-even levels. The company is on track to become profitable and expects to maintain...

4 months ago - Seeking Alpha

SkyWater Technology, Inc. (SKYT) Q2 2024 Earnings Call Transcript

SkyWater Technology, Inc. (NASDAQ:SKYT) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - CEO Steve Manko - CFO Conference Call Pa...

4 months ago - Seeking Alpha

SkyWater Technology Reports Second Quarter 2024 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the second quarter 2024 ended June 30, ...

4 months ago - Business Wire

SkyWater Announces Enhanced Capabilities with Multibeam's First in Industry High Productivity Multicolumn E-Beam Lithography System

BLOOMINGTON, Minn. & SANTA CLARA, Calif.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT) announced today that it has received from Multibeam Corp., a first-of-a-kind Multicolumn E-Beam Lithograph...

5 months ago - Business Wire

Travel Confidently with Flygreen Amid Industry Challenges

MONTREAL--(BUSINESS WIRE)--As uncertainty and disruptions continue to impact Canadian travellers, Flygreen, a Montreal-based private aviation charter company, offers reliable and seamless performance....

Other symbols: EVGO
5 months ago - Business Wire

SkyWater Foundation Grants $100,000 in Scholarships to Support Students Pursuing Higher Education and Technical Skills for Success in U.S. Workforce

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, is pleased to announce the selection of 10 recipients by Scholarship America to rec...

5 months ago - Business Wire

SkyWater Technology to Announce Second Quarter Financial Results on August 7, 2024

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it will report its fiscal second quarter 2024 financial result...

5 months ago - Business Wire

SkyWater Announces Participation in 16th Annual CEO Investor Summit

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced management's participation in the 16th Annual CEO Investor Summit, ...

6 months ago - Business Wire

SkyWater Florida Achieves DMEA Category 1A Trusted Supplier Accreditation

KISSIMMEE, Florida--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that its advanced packaging operation in Florida has been accredite...

7 months ago - Business Wire

SkyWater Technology, Inc. (SKYT) Q1 2024 Earnings Call Transcript

SkyWater Technology, Inc. (NASDAQ:SKYT) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - President & CEO Steve Manko - CFO Conferenc...

7 months ago - Seeking Alpha

SkyWater Technology Reports First Quarter 2024 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2024 ended March 31, ...

8 months ago - Business Wire

SkyWater and Lumotive Announce Qualification and Production Start for World's First Commercially Available Optical Beamforming Chip

BLOOMINGTON, Minn. & REDMOND, Wash.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, and Lumotive, a pioneer in optical semiconductor technology for 3D...

8 months ago - Business Wire

SkyWater Technology Is Lowering Barriers To Advanced Chip Packaging

The last time I wrote about SkyWater Technology, I described them as a pure-play semiconductor foundry that was great at taking on small projects that required customized processing steps, the type of...

8 months ago - Forbes

SkyWater Technology to Announce First Quarter Financial Results on May 8th, 2024

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report its fiscal first quarter 2024 financial r...

8 months ago - Business Wire

SkyWater Expands Board of Directors with Appointment of Dennis Goetz and Joseph Humke

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of two accomplished professionals to its board of d...

10 months ago - Business Wire