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Jul 04, 2021
SkyWater Q2 2021 Earnings Report
Reported second quarter 2021 results with year-over-year net sales growth of 34%.
Key Takeaways
SkyWater Technology's Q2 2021 results showed a 34% year-over-year increase in net sales, reaching $41.2 million. However, the company experienced a net loss to shareholders of $7.0 million, which is (17)% of net sales. Adjusted EBITDA was $(0.8) million, or (2.0)% of net sales.
Net sales increased by 34% year-over-year, reaching $41.2 million.
Advanced Technology Services sales grew by 35% year-over-year to $26.9 million.
Wafer Services sales increased by 31% year-over-year to $14.3 million.
The board approved a $56 million strategic capital investment to expand capacity and enter the gallium nitride (GaN) market.
Revenue by Segment
Forward Guidance
SkyWater is confident in its long-term revenue growth target of approximately 25% for 2021 and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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