Loading...
•
Sep 29, 2024
SkyWater Q3 2024 Earnings Report
Achieved record revenues with increased gross margin and earnings.
Key Takeaways
SkyWater Technology reported a strong third quarter with record revenues of $93.8 million, a gross margin increase to 21.6% on a GAAP basis, and net income to shareholders of $1.5 million, or $0.03 per diluted share on a GAAP basis.
Revenue increased 31% year-over-year to a record $93.8 million.
Gross margin increased to 21.6% on a GAAP basis, compared to 19.8% in Q3 2023.
Net income to shareholders of $1.5 million, or $0.03 per diluted share on a GAAP basis.
Adjusted EBITDA of $11.0 million, or 11.7% of revenue, compared to $8.3 million, or 11.6% of revenue in Q3 2023.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2024, SkyWater expects total revenue to be in the range of $72 million to $76 million, of which approximately $11 million is expected to be tools revenue. They expect GAAP diluted EPS to be in the range of $(0.12) to $(0.06) and non-GAAP diluted EPS to be in the range of $(0.10) to $(0.04).
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
Loading earnings performance data...
Loading earnings reaction data...