SkyWater Technology reports Q4 EPS 4c, consensus (4c)

Reports Q4 revenue $75.5M, consensus $74.25M. Adjusted EBITDA of $10.2 M , or 13.5% of revenue, compared to $10.6M , or 13.4% of revenue in Q4 2023. “Our financial results for fiscal year 2024 demonstrate the strength of our highly differentiated, technology foundry business model, within a dynamic and growing domestic semiconductor ecosystem,” commented Thomas Sonderman, CEO. “In the nearly four years since our IPO, we have successfully transformed a mature fabrication facility into a monetized Advanced Technology Services ATS business, which has grown to a scale that supported record revenues and profitability for SkyWater in 2024. The past year has also brought a number of key milestones establishing SkyWater as ‘America’s Foundry,’ including the launch of our ThermaViewSM platform, initial terms of our CHIPS funding award, multiple ATS customers beginning initial phases of production at SkyWater Minnesota, and significant progress preparing our Florida operations for advanced fan-out wafer-level production. For the year ahead, we are driving for continued top-line momentum in ATS as well as a rebound in our Wafer Services business from current levels, which we expect will be supported by an increasing mix of new products and customers as we progress through the year. We expect the growing revenue momentum through the year will result in the expansion of our gross margins, continued strong adjusted EBITDA, and another positive year for non-GAAP EPS for fiscal 2025.”