BLOOMINGTON, Minn. – February 22, 2022 – SkyWater Technology (NASDAQ: SKYT) the trusted technology realization partner today announced financial results for the fourth quarter and full year 2021, ended January 2, 2022.
- Record annual revenue increased 16% year-over-year to $162.8 million. Quarterly revenue decreased 3% year-over-year to $38.5 million
- Annual net loss to shareholders of $50.7 million, or (31)% of revenue. Quarterly net loss to shareholders of $27.0 million, or (70)% of revenue, includes a $13.4 million one-time inventory write-down
- Annual adjusted EBITDA of $(2.6) million, or (1.6)% of revenue. Quarterly adjusted EBITDA of $(4.9) million, or (12.6)% of revenue.
View the full Fourth Quarter Results on SkyWater Technology’s Investor Relations page: https://ir.skywatertechnology.com