SkyWater Technology (NASDAQ:SKYT) Releases Earnings Results

SkyWater Technology (NASDAQ:SKYT) released its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10, reports. The business had revenue of $75.49 million during the quarter, compared to analyst estimates 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 Price Performance

NASDAQ:SKYT traded down $0.93 during trading hours on Thursday, reaching $9.26. 553,169 shares of the company’s stock were exchanged, compared to its average volume of 708,135. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $441.25 million, a P/E ratio of -26.54 and a beta of 3.37. SkyWater Technology has a 12 month low of $5.63 and a 12 month high of $19.00. The business’s 50-day simple moving average is $11.57 and its two-hundred day simple moving average is $10.06.

Insider Buying and Selling at SkyWater Technology

In other 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

SkyWater Technology Company Profile

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.