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SkyWater Technology, Inc. (NASDAQ:SKYT ) Q1 2025 Earnings Conference Call May 7, 2025 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - CEO & Director Steve Manko - CFO Conference Call Participants Quinn Bolton - Needham & Company Robert Mertens - TD Securities Robert Aguanno - Piper Sandler Richard Shannon - Craig-Hallum Operator Good afternoon, and welcome to SkyWater Technology's First Quarter 2025 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.
SkyWater Technology, Inc. (SKYT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.08 per share a year ago.
BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2025 ended March 30, 2025. “We're pleased to report that our financial results for the first quarter reflect modest upside to our expectations entering the year,” commented Thomas Sonderman, CEO. “A significant rebound in sequential growth for our Wafer Services business reflected strong traction with lead customers fo.
SkyWater Technology (SKYT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SKYT's first-quarter 2025 performance is expected to have benefited from the Fab 25 momentum and wafer services growth, while ATS revenue uncertainty likely posed a headwind.
SkyWater Technology (SKYT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
SkyWater Technology, Inc. (SKYT) concluded the recent trading session at $7.09, signifying a +0.42% move from its prior day's close.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
SkyWater Technology's strategic US-based mature-node chip manufacturing aligns with government priorities, bolstering growth through Fab 25 acquisition, tripling wafer capacity by 2026. Unique TaaS model and strategic scarcity position SkyWater as a key player in defense and industrial sectors, enhancing revenue stability and customer relationships. Growth driven by Fab 25, advanced packaging lines, and strong demand from CHIPS Act and DoD, projecting 62% return by 2028 with 7% revenue CAGR.
SkyWater Technology (SKYT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.