SkyWater Technology (NASDAQ:SKYT) Announces Quarterly Earnings Results

SkyWater Technology (NASDAQ:SKYT) announced its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.10, reports. The company had revenue of $75.49 million for the quarter, compared to the consensus estimate of $74.25 million. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. SkyWater Technology updated its Q1 2025 guidance to -0.160–0.100 EPS.

SkyWater Technology Stock Performance

SkyWater Technology stock traded down $0.82 during midday trading on Thursday, hitting $9.38. 500,207 shares of the company were exchanged, compared to its average volume of 706,874. The firm has a market capitalization of $446.78 million, a PE ratio of -26.79 and a beta of 3.37. The business has a fifty day simple moving average of $11.57 and a two-hundred day simple moving average of $10.06. SkyWater Technology has a fifty-two week low of $5.63 and a fifty-two week high of $19.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 0.87.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and set a $12.00 price target on shares of SkyWater Technology in a research report on Thursday.

Insider Activity

In related news, Director Loren A. Unterseher sold 7,761 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the completion of the transaction, the director now directly owns 12,806,264 shares of the company’s stock, valued at $118,714,067.28. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 42.55% of the company’s stock.

About SkyWater Technology

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.