SkyWater Technology Inc.: Fourth Quarter Earnings Overview

SkyWater Technology Inc. Reports Fourth Quarter Financial Results

SkyWater Technology Inc., headquartered in Bloomington, Minnesota, announced a net loss of $7.8 million for the fourth quarter.

The company’s quarterly loss equated to 16 cents per share. After adjusting for expenses related to stock options and one-time charges, the loss narrowed to 3 cents per share.

During the same period, SkyWater generated $171 million in revenue.

Annual Performance Overview

For the full year, SkyWater Technology achieved a profit of $118.9 million, translating to $2.44 per share. Annual revenue reached $442.1 million.