Stock Analysis

SkyWater Technology Full Year 2022 Earnings: Beats Expectations

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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).
NasdaqCM:SKYT Earnings and Revenue Growth March 17th 2023

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.

Risk Analysis

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.

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