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.
-
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
353.05M
25.86M
51.31%
28.22%
6.58%
Semiconductors
Semiconductors & Related Devices
United States
BLOOMINGTON
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