SkyWater Technology Reports First Quarter 2021 Results
SkyWater Technology (NASDAQ: SKYT) today announced financial results for the first quarter of 2021, ended April 4, 2021.
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Net sales grew
30% year-over-year to$48.1 million -
Net loss to shareholders of
$2.8 million , or (6% ) of net sales -
Adjusted EBITDA of
$5.6 million , or12% of net sales
“SkyWater delivered record net sales in our first quarter driven by continued growth in our Advanced Technology Services (ATS) business,” said SkyWater Technology president and chief executive officer Thomas Sonderman. “Our Minnesota fab is ramping automotive and IoT-related production activities as we see significant increases in demand while continuing to transition customers from ATS into volume Wafer Services. During the quarter we also engaged with several new partners in both our ATS business and as part of our 130 nanometer (nm) mixed-signal offering.”
Mr. Sonderman continued, “The start-up of SkyWater’s Advanced Packaging fab in Florida is progressing as planned with the existing Department of Defense program commencement underway. Completing our initial public offering in April, while delivering a strong quarter, is a testament to the dedication and tenacity of SkyWater’s employees as we co-create the next generation of disruptive technologies with our customers.”
In USD millions |
Q1 21 |
Q1 20 |
Y/Y |
Q4 20 |
Q/Q |
Advanced Technology Services sales |
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Wafer Services sales |
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Net sales 
SkyWater Technology, Inc.
NASDAQ:SKYTSKYT RankingsSKYT Latest NewsSKYT Stock Data
410.52M
22.33M
52.68%
21.62%
3.26%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
BLOOMINGTON
About SKYTskywater 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.
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