SkyWater Technology

SkyWater Technology Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, May 8, 2024
Technology, Mobile, Wireless, Nanotechnology, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Other Technology, IOT (Internet of Things), Networks, Internet, Electronic Design Automation, Semiconductor, Data Management, SkyWater Technology, ATS, GAAP, Growth, Robotics, Video game

SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2024 ended March 31, 2024.

Key Points: 
  • SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2024 ended March 31, 2024.
  • Adjusted EBITDA of $4.9 million, or 6.2% of revenue, compared to $8.1 million, or 12.3% of revenue in Q1 2023.
  • “We entered 2024 with strong momentum and revenue growth exceeding our earlier expectations for our differentiated Advanced Technology Services business, with ATS development revenue increasing 7% sequentially from our prior record set in Q4 2023,” commented Thomas Sonderman, SkyWater chief executive officer.
  • Revenue profile for fiscal 2024 continues to indicate a growth year for SkyWater, expected to be driven by increased ATS development revenue, a record year for customer-funded capex, and a decreasing contribution from legacy products.

SkyWater and Lumotive Announce Qualification and Production Start for World’s First Commercially Available Optical Beamforming Chip

Retrieved on: 
Wednesday, May 1, 2024
Photography, Other Manufacturing, Robotics, Engineering, Technology, Semiconductor, Manufacturing, Other Technology, Physics, Commercial, Silicon, 3D, Aerospace, Environment, Nanostructure, LCM, LM10, LIDAR, Mobility as a service, Lidar, SkyWater Technology, Video game

Fully qualified and released for volume production utilizing SkyWater’s unique Technology as a Service (TaaS) model, Lumotive’s product represents the first ever programmable optical metasurface that has been commercialized into a mass-producible chip.

Key Points: 
  • Fully qualified and released for volume production utilizing SkyWater’s unique Technology as a Service (TaaS) model, Lumotive’s product represents the first ever programmable optical metasurface that has been commercialized into a mass-producible chip.
  • Optical beamforming is a critical technology used in a range of applications, from laser communications and LiDAR (Light Detection and Ranging) to imaging and remote sensing.
  • Lumotive’s Light Control Metasurface (LCM™) technology defies the laws of physics by manipulating light at the subwavelength level using nanostructures fabricated onto the surface of a silicon chip.
  • This new process has been qualified in SkyWater’s production environment and establishes the first commercially available chip-scale beam steering solution for solid-state LIDAR.

SkyWater Technology to Announce First Quarter Financial Results on May 8th, 2024

Retrieved on: 
Thursday, April 18, 2024
Technology, Mobile, Wireless, Nanotechnology, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Other Technology, IOT (Internet of Things), Networks, Internet, Electronic Design Automation, Semiconductor, Data Management, SkyWater Technology

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report its fiscal first quarter 2024 financial results following the close of the market on Wednesday, May 8, 2024.

Key Points: 
  • SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report its fiscal first quarter 2024 financial results following the close of the market on Wednesday, May 8, 2024.
  • The same afternoon, management will host a webcast to discuss its business and financial results.
  • An archived webcast will be available on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com .

Weebit Nano demonstrates performance of its ReRAM under extended automotive conditions

Retrieved on: 
Wednesday, February 21, 2024
Resistive random-access memory, S130, Temperature, Quality, Radiation, Conference, SkyWater Technology, ASX, HOD, IP, DB, IEEE

The Weebit ReRAM module in SkyWater Technology ’s 130nm CMOS (S130) process has already been fully qualified at temperatures of up to 125 degrees Celsius – the temperature specified for Grade-1 automotive applications.

Key Points: 
  • The Weebit ReRAM module in SkyWater Technology ’s 130nm CMOS (S130) process has already been fully qualified at temperatures of up to 125 degrees Celsius – the temperature specified for Grade-1 automotive applications.
  • Demonstrating the resilience of Weebit ReRAM under these conditions will continue to enhance our position in this domain.
  • Our latest results reaffirm the viability of Weebit ReRAM for use in microcontrollers and other automotive components, as well numerous other applications requiring high-temperature reliability and extended endurance.
  • The Weebit ReRAM IP module is available with full support in SkyWater’s S130 process design kit.

SkyWater Expands Board of Directors with Appointment of Dennis Goetz and Joseph Humke

Retrieved on: 
Friday, March 8, 2024
Legal, Other Manufacturing, Technology, Finance, Semiconductor, Satellite, Aerospace, Professional Services, Manufacturing, CFO, BBA, Certified Management Accountant, Lindquist, Ballard Spahr, Investment, Strategic planning, University of Wisconsin–Madison, General counsel, SkyWater Technology, University, History, Marquette University Law School, Business, Jan Vansina, Knowledge, Buca, Lindquist & Vennum, Corporation, Partnership, Management

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of two accomplished professionals to its board of directors: Dennis Goetz and Joseph Humke, effective April 1, 2024.

Key Points: 
  • SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of two accomplished professionals to its board of directors: Dennis Goetz and Joseph Humke, effective April 1, 2024.
  • Mr. Goetz will serve on the Board’s Audit Committee and Mr. Humke will serve on the Nominating and Corporate Governance Committee.
  • Mr. Goetz joins the Board with extensive finance experience as a versatile leader and trusted business advisor with a history of driving profitable growth and sustainable value creation.
  • Mr. Humke brings broad legal and M&A experience to SkyWater’s Board, further strengthening its governance and strategic decision-making processes.

SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
Electronic Design Automation, Engineering, Defense, Consumer Electronics, Automotive Manufacturing, General Automotive, Technology, Aerospace, Manufacturing, Mobile, Wireless, Semiconductor, Security, Other Automotive, Satellite, Nanotechnology, Automotive, IOT (Internet of Things), Other Technology, Networks, Other Defense, Internet, Contracts, CHIPS, Investment, Growth, SkyWater Technology, ATS, GAAP, Department of Defence, Fiscal, Service

SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full fiscal year 2023 ended December 31, 2023.

Key Points: 
  • SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full fiscal year 2023 ended December 31, 2023.
  • Adjusted EBITDA of $10.6 million, or 13.4% of revenue, compared to $10.3 million, or 15.9% of revenue in Q4 2022.
  • Financial Highlights for Fiscal Year 2023:
    Revenue increased 35% year-over-year to a record $286.7 million.
  • Adjusted EBITDA of $37.2 million, or 13.0% of revenue, compared to $7.7 million, or 3.6% of revenue in fiscal year 2022.

SkyWater Signs Production Agreement with Nautilus Biotechnology to Fabricate Novel Biomedical Devices

Retrieved on: 
Thursday, February 15, 2024
Semiconductor, Health, Medical Devices, Technology, Health Technology, Hardware, Biotechnology, ISO, CMOS, SVP, Electronics, Growth, Microfluidics, Commercial, Nautilus, SkyWater Technology, ATS, Medicine, Protein, Plastic, Mobility as a service, Science, Medical device, DNA, Environment, Video game

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it has signed a production agreement with Nautilus Biotechnology, Inc. to supply silicon-based microfluidic bio chips for Nautilus’ proteome analysis system.

Key Points: 
  • SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it has signed a production agreement with Nautilus Biotechnology, Inc. to supply silicon-based microfluidic bio chips for Nautilus’ proteome analysis system.
  • This marks a significant milestone for SkyWater as Nautilus transitions from its Advanced Technology Services (ATS) custom development program to SkyWater’s Wafer Services program.
  • SkyWater is certified to the ISO 13485 Quality Standard for Medical Devices to support the design, development and fabrication of DNA sequencing, lab on chip and other biomedical applications.
  • “We look forward to continuing to support Nautilus as they move toward the commercial availability of their groundbreaking proteome analysis platform.

SkyWater Technology to Announce Fourth Quarter Financial Results on February 26, 2024

Retrieved on: 
Monday, January 29, 2024
Consumer Electronics, Technology, Other Defense, Engineering, Contracts, Automotive Manufacturing, Aerospace, Manufacturing, Mobile, Wireless, Defense, Semiconductor, Security, Satellite, Government Technology, Nanotechnology, Other Technology, IOT (Internet of Things), Networks, Internet, Electronic Design Automation, SkyWater Technology

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report fourth quarter fiscal 2023 financial results for the period ended December 31, 2023 following the close of the market on Monday, February 26, 2024.

Key Points: 
  • SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report fourth quarter fiscal 2023 financial results for the period ended December 31, 2023 following the close of the market on Monday, February 26, 2024.
  • The same afternoon, management will host a webcast to discuss its business and financial results.
  • An archived webcast will be available on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com .

SkyWater Florida and Deca Technologies Announce $120M DOD Award to Expand Advanced Packaging Capabilities in Osceola County, Florida

Retrieved on: 
Wednesday, January 10, 2024
Semiconductor, Contracts, White House, Federal Government, Aerospace, Data Management, Manufacturing, Technology, Other Policy Issues, Defense, Public Policy, Government, Other Technology, Other Manufacturing, Software, Networks, Engineering, Artificial intelligence, Deca, SkyWater Technology, ASIP, Partnership, Ecosystem, FOWLP, AMD, Department of Defence, IBAS, DOD, 3D printing

These capabilities will be made possible through the five-year DOD contract recently awarded to Osceola County and SkyWater Florida, which is expected to fund the facilitization, tooling and build-out of the Center for Neovation.

Key Points: 
  • These capabilities will be made possible through the five-year DOD contract recently awarded to Osceola County and SkyWater Florida, which is expected to fund the facilitization, tooling and build-out of the Center for Neovation.
  • SkyWater is the first domestic licensee of Deca’s M-Series and Adaptive Patterning solutions to support the reshoring of the semiconductor supply chain.
  • In response to the vital need for reshoring, Osceola County and SkyWater plan to stand up advanced packaging capabilities and capacity for low-volume/high-mix production of secure 2.5 and 3D Advanced System Integration and Packaging (ASIP) solutions.
  • It’s an important addition because it completes our advanced packaging trifecta of interposer, hybrid bonding, and now fan-out wafer level packaging technology – all in one facility – to support both DOD and commercial customers.”

SkyWater Technology Announces Participation in 26th Annual Needham Growth Conference

Retrieved on: 
Wednesday, January 3, 2024
Engineering, Semiconductor, Technology, Manufacturing, Nanotechnology, Networks, Hardware, Conference, SkyWater Technology

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that management is scheduled to participate in the 26th Annual Needham Growth Conference, taking place at the Lotte New York Palace Hotel on January 17th and 18th.

Key Points: 
  • SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that management is scheduled to participate in the 26th Annual Needham Growth Conference, taking place at the Lotte New York Palace Hotel on January 17th and 18th.
  • SkyWater’s presentation will be webcast live on Thursday, January 18th at 8:45am EST.
  • The presentation material utilized during the conference, as well as the live and archived webcast link of the presentation, will be made accessible on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com .