SkyWater Technology (NASDAQ:SKYT) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

SkyWater Technology (NASDAQ:SKYT) released its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10, reports. SkyWater Technology had a negative return on equity of 12.40% and a negative net margin of 4.75%. The company had revenue of $75.49 million for the quarter, compared to analyst estimates of $74.25 million. SkyWater Technology updated its Q1 2025 guidance to -0.160–0.100 EPS.

SkyWater Technology Price Performance

SKYT stock traded down $0.71 during midday trading on Thursday, reaching $9.48. The company had a trading volume of 477,340 shares, compared to its average volume of 706,219. SkyWater Technology has a 1 year low of $5.63 and a 1 year high of $19.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market capitalization of $451.97 million, a P/E ratio of -27.09 and a beta of 3.37. The firm has a 50-day moving average price of $11.57 and a 200-day moving average price of $10.06.

Insider Activity at SkyWater Technology

In related news, Director Loren A. Unterseher sold 7,761 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $9.27, for a total transaction of $71,944.47. Following the transaction, the director now directly owns 12,806,264 shares of the company’s stock, valued at approximately $118,714,067.28. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 42.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of SkyWater Technology in a research report on Thursday.

About SkyWater Technology

SkyWater Technology, Inc, together with its subsidiaries, operates as a pure-play technology foundry that engages in the provision of semiconductor development, manufacturing, and packaging services in the United States. The company offers engineering and process development support services to co-create technologies with customers; and semiconductor manufacturing services for various silicon-based analog and mixed-signal, micro-electromechanical systems, and rad-hard integrated circuits.