NASDAQ$SKYT
SkyWater Technology Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported record revenues and a continued year-over-year increase in gross margin.
SkyWater Technology reported a strong third quarter with record revenues of $71.6 million, a 37% increase year-over-year. The company's gross margin also improved, reaching 19.8% on a GAAP basis and 20.4% on a non-GAAP basis. Increased demand and strong operational execution in the ATS business drove the outperformance.
- Revenue increased 37% year-over-year to a record $71.6 million.
- Gross margin increased to 19.8% on a GAAP basis, compared to 15.8% in Q3 2022.
- Net loss to shareholders was $7.6 million, or $(0.16) per share on a GAAP basis.
- Adjusted EBITDA was $8.3 million, or 11.6% of revenue, compared to $3.8 million in Q3 2022.
Headline financials
Revenue & EPS history
SkyWater · Revenue · Quarterly
$71.6M
Revenue by segment
SkyWater · $69.8M total across 2 segments · Q2 2023
- Legacy ATS Development$53M+77.7%75.9%
- Legacy Wafer Services$16.8M-4.5%24.1%
Forward guidance
The company anticipates another year of revenue growth and continued strong financial results ahead for 2024.
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 2023
+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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