NASDAQ$SKYT
SkyWater Technology Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
SkyWater Technology reported its fourth quarter and full fiscal year 2024 financial results, achieving record fiscal year revenue, gross profit, and EPS.
SkyWater Technology reported a 5% decrease in Q4 2024 revenue year-over-year to $75.5 million, but a significant increase in gross margin to 25.6% GAAP and 26.6% non-GAAP. The company achieved net income of $1.9 million non-GAAP, a substantial improvement from a net loss in the prior year, and recorded record fiscal year revenue of $342.3 million.
- Q4 2024 revenue decreased by 5% year-over-year to $75.5 million.
- Gross margin significantly increased to 25.6% on a GAAP basis in Q4 2024, up from 15.2% in Q4 2023.
- Net income to shareholders was $1.9 million on a non-GAAP basis in Q4 2024, compared to a net loss of $1.1 million in Q4 2023.
- Adjusted EBITDA for Q4 2024 was $10.2 million, representing 13.5% of revenue.
Headline financials
Revenue & EPS history
SkyWater · Revenue · Quarterly
$75.5M
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
For Q1 2025, SkyWater expects total revenue between $59 million and $63 million, with approximately $1 million from tools revenue. GAAP diluted net loss per share is projected to be in the range of $(0.14) to $(0.20), and non-GAAP diluted net loss per share between $(0.10) and $(0.16).
Tailwinds
- Continued top-line momentum in Advanced Technology Services (ATS).
- Anticipated rebound in Wafer Services business from current levels.
- Increasing mix of new products and customers throughout the year.
- Expected expansion of gross margins as revenue momentum grows.
- Another positive year for non-GAAP EPS for fiscal 2025.
Headwinds
- Projected GAAP diluted net loss per share for Q1 2025.
- Projected non-GAAP diluted net loss per share for Q1 2025.
- Only approximately $1 million of expected revenue from tools in Q1 2025.
- The outlook for non-GAAP diluted net loss per share excludes anticipated equity-based compensation expense.
- Actual results may differ materially from the forward-looking statements.
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 Q4 2024
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro