NASDAQ$SKYT
SkyWater Technology Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
SkyWater reported a year-over-year revenue growth of 6%.
SkyWater Technology reported a 6% year-over-year increase in revenue to $35.0 million. However, the company experienced a net loss of $13.9 million, which is 40% of the revenue. Supply chain and hiring constraints, along with delays in government program funding, impacted revenue by approximately $15 million for the third and fourth quarters.
- Revenue grew 6% year-over-year to $35.0 million.
- Net loss to shareholders was $13.9 million, or (40)% of revenue.
- Adjusted EBITDA was $(2.7) million, or (7.7)% of revenue.
- Wafer Services output increased nearly 60% compared to Q3 2020.
Headline financials
Revenue & EPS history
SkyWater · Revenue · Quarterly
$35M
Revenue by segment
SkyWater · $35.1M total across 2 segments · Q3 2021
- Legacy ATS Development$22.4M-7.4%63.8%
- Legacy Wafer Services$12.7M+44.3%36.2%
Forward guidance
SkyWater anticipates long-term growth model of 25% annual top line growth.
Tailwinds
- Aggressively ramped Advanced Technology Services and Wafer Services businesses.
- Sustainably grew our overall sales pipeline.
- All of these factors give us a strong conviction in our long-term growth model of 25% annual top line growth.
- Made important progress on our Radiation Hardened and Power Management platform qualifications.
- Added eight new Advanced Technology Services customers in the quarter, for a total of 25 in the past twelve months
Headwinds
- Supply chain challenges.
- Hiring constraints.
- Continued delays in the funding of existing United States Government programs.
- Delayed revenue for certain Advanced Technology Services and Wafer Services programs in the amount of approximately $15 million for the third and fourth quarter of 2021.
- Revised schedule for a significant complex multi-year Advanced Technology Services program originally estimated to be completed in 2021 to early 2022, causing revenue to be pushed similarly from 2021 to 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2021
+4.7%
Avg return
Earnings day
+9.0%
Avg return
5 days after
+8.3%
Avg return
30 days after
65%
13 / 20 earnings
Positive
+41.4%
Q2 2024
Best reaction
-39.1%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.1% | +5.7% | +5.7% | |
| Q4 2025 | +7.1% | +3.6% | -6.2% | |
| Q3 2025 | +26.9% | +50.2% | +22.2% | |
| Q1 2025 | +4.5% | +15.6% | +24.6% | |
| Q4 2024 | -10.4% | -15.3% | -30.7% | |
| Q3 2024 | -9.1% | -16.1% | -5.8% | |
| Q2 2024 | +41.4% | +41.2% | +35.3% | |
| Q1 2024 | -36.5% | -26.0% | -27.3% | |
| Q4 2023 | +13.8% | +21.3% | +9.9% | |
| Q3 2023 | +2.0% | +4.3% | +50.0% | |
| Q2 2023 | -19.2% | -30.9% | -32.4% | |
| Q1 2023 | -5.3% | -0.7% | +6.0% | |
| Q4 2022 | +21.6% | +30.4% | +2.3% | |
| Q3 2022 | +34.6% | +37.3% | +9.2% | |
| Q2 2022 | +27.5% | +17.4% | -33.2% | |
| Q1 2022 | +14.4% | -2.7% | +14.0% | |
| Q4 2021 | -4.8% | +10.4% | +15.0% | |
| Q3 2021 | -39.1% | -29.8% | -46.7% | |
| Q2 2021 | +15.1% | +26.8% | +79.1% | |
| Q1 2021 | +8.2% | +37.4% | +74.8% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — |
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