SkyWater Technology Reports Fourth Quarter and Full Year 2022 Results

2022 Summary:

GAAP

 

 

 

 

 

In USD millions, except per share data

FY22

 

FY21

 

Y/Y

Advanced Technology Services revenue

$139.4

 

$111.7

 

25%

Wafer Services revenue

$73.5

 

$51.2

 

44%

Revenue

$212.9

 

$162.8

 

31%

Gross profit (loss)

$26.0

 

$(7.5)

 

nm

Gross margin

12.2%

 

(4.6)%

 

1,680 bps

Net loss to shareholders

$(39.6)

 

$(50.7)

 

22%

Basic loss per share

$(0.97)

 

$(1.76)

 

45%

Non-GAAP

 

 

 

 

 

In USD millions, except per share data

FY22

 

FY21

 

Y/Y

Non-GAAP gross profit

$29.0

 

$2.8

 

931%

Non-GAAP gross margin

13.7%

 

2.0%

 

1,170 bps

Non-GAAP net loss to shareholders

$(30.3)

 

$(30.0)

 

(1)%

Non-GAAP basic loss per share

$(0.74)

 

$(1.05)

 

30%

Adjusted EBITDA

$7.7

 

$(2.6)

 

nm

Adjusted EBITDA margin

3.6%

 

(1.6%)

 

520 bps

nm - Not meaningful

 

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