- United States
SkyWater Technology Full Year 2022 Earnings: Beats Expectations
SkyWater Technology (NASDAQ:SKYT) Full Year 2022 Results
Key Financial Results
- Revenue: US$212.9m (up 31% from FY 2021).
- Net loss: US$39.6m (loss narrowed by 23% from FY 2021).
- US$0.97 loss per share (improved from US$1.76 loss in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SkyWater Technology Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are down 11% from a week ago.
We don't want to rain on the parade too much, but we did also find 5 warning signs for SkyWater Technology that you need to be mindful of.
Valuation is complex, but we're helping make it simple.
Find out whether SkyWater Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free Analysis
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SkyWater Technology, Inc., together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development and manufacturing services.
Slightly overvalued with concerning outlook.