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SkyWater Technology Inc - SKYT STOCK NEWS

Welcome to our dedicated news page for SkyWater Technology (Ticker: SKYT), a resource for investors and traders seeking the latest updates and insights on SkyWater Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SkyWater Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SkyWater Technology's position in the market.

News
SkyWater Technology Reports Third Quarter 2023 Results
Rhea-AI Summary
SkyWater Technology, Inc. (NASDAQ: SKYT) announced record Q3 2023 revenue of $71.6 million, a 37% YoY increase. Gross margin improved to 19.8% on a GAAP basis. Non-GAAP gross margin increased to 20.4%. Adjusted EBITDA was $8.3 million, or 11.6% of revenue. The company experienced net loss to shareholders of $7.6 million on a GAAP basis and $2.2 million on a non-GAAP basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.43%
Tags
earnings
-
News
SkyWater Announces Availability of Cadence Open-Source PDK and Reference Design for SkyWater’s 130 nm Process
Rhea-AI Summary
SkyWater Technology announces a new open-source 130 nm process design kit (PDK) from Cadence Design Systems. The PDK will be available in the Cadence VLSI Fundamentals Education Kit, providing students with access to design simple logic circuits and implement a simplified microprocessor. This collaboration aims to overcome the restricted access and NDAs that have created barriers for academia. The SKY130 open-source offering has the potential to accelerate collaboration in semiconductor chip design and support the development of a domestic semiconductor workforce.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.27%
Tags
none
-
News
SkyWater Technology to Announce Third Quarter Financial Results on November 8, 2023
Rhea-AI Summary
SkyWater Technology to report third quarter fiscal 2023 financial results and host webcast
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
earnings
News
SkyWater Appoints John Sakamoto as President and Chief Operating Officer
Rhea-AI Summary
SkyWater Technology announces John Sakamoto as president and COO to drive growth and profitability
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
management
-
News
SkyWater Installs Atomic Layer Deposition System for Development and Production of Advanced Technologies
Rhea-AI Summary
SkyWater Technology to offer customers a new semiconductor processing tool for atomic layer deposition (ALD), the Applied Picosun Morpher ALD tool
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.2%
Tags
none
-
News
SkyWater Announces Appointment of Retired U.S. Army General Edward M. Daly to its Board of Directors
Rhea-AI Summary
SkyWater Technology appoints General Edward M. Daly to its board of directors, bringing valuable leadership experience and expertise to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
management
News
SkyWater Technology to Participate in Jefferies Semiconductor, IT Hardware & Communications Technology Summit
Rhea-AI Summary
SkyWater Technology (NASDAQ: SKYT) will be participating in the annual Jefferies semiconductor conference in Chicago. The conference includes one-on-one and small group meetings, as well as a fab tour at SkyWater Bloomington. Investor presentation material will be available on SkyWater Technology's Investor Relations page.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
Tags
conferences
-
News
SkyWater Technology Reports Second Quarter 2023 Results
Rhea-AI Summary
SkyWater Technology reports record revenues and increased gross margin for Q2 2023. Revenue increased 47% YoY to $69.8 million. Gross margin increased to 23.9% on a GAAP basis and 24.7% on a non-GAAP basis. Net loss to shareholders of $8.6 million on a GAAP basis and $6.4 million on a non-GAAP basis. Adjusted EBITDA of $6.5 million. CEO expresses confidence in achieving long-term revenue growth objective of 25% in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.74%
Tags
earnings
-
News
SkyWater Florida and BRIDG Announce Installation of Nordson’s Leading C-SAM System to Enhance Metrology Capabilities at the Center for Neovation
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
none
News
Paul Sura to lead Technology and Manufacturing Operations at SkyWater
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
Tags
none
Stock SKYT logo
SkyWater Technology Inc

Nasdaq:SKYT

SKYT Rankings

#3096 Ranked by Market Cap
#4268 Ranked by Stock Gains
N/A Ranked by Dividends

SKYT Stock Data

461.55M
22.33M
52.68%
21.62%
3.26%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States
Bloomington

About SKYT

skywater is a u.s.-based technology foundry specializing in the development and manufacturing of a wide variety of semiconductor based solutions. as a globally recognized, dmea-trusted facility with advanced development capabilities co-located with volume production, skywater has the ability and flexibility to innovate to any scale with a wide array of special materials. our roots go back to the pioneers of computing technology and as such skywater offers what most foundries cannot: decades of technology innovation experience.