SkyWater Technology Third Quarter 2023 Earnings: Beats Expectations

SkyWater Technology (NASDAQ:SKYT) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$71.6m (up 37% from 3Q 2022).
• Net loss: US$7.57m (loss widened by 9.1% from 3Q 2022).
• US$0.16 loss per share.

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 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 33%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 4.3% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with SkyWater Technology.

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