SkyWater Technology, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 26, 2024 at 04:06 pm EST
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SkyWater Technology, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 79.15 million compared to USD 65.09 million a year ago. Net loss was USD 10.33 million compared to USD 3.04 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.07 a year ago.
For the full year, sales was USD 286.68 million compared to USD 212.94 million a year ago. Net loss was USD 30.76 million compared to USD 39.59 million a year ago. Basic loss per share from continuing operations was USD 0.68 compared to USD 0.97 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.