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SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2024 Results

1. SkyWater Technology reported a 5% revenue decrease year-over-year. 2. Gross margin improved significantly, indicating better profitability.

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$9.4602/27 02:20 PM EDTLatest Updated
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FAQ

Why Bullish?

Despite a revenue decrease, improved gross margins could signal operational efficiency. Historical trends show positive market reactions to margin improvements even amid declining revenue.

How important is it?

The article provides key financial insights impacting investor perceptions and may influence stock price due to the positive gross margin change.

Why Short Term?

Investors may respond quickly to margin improvements, affecting near-term stock performance. Similar cases in tech have shown immediate price recovery following margin expansions.

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full fiscal year 2024 ended December 29, 2024. Financial Highlights for Q4 2024: Revenue decreased (5)% year-over-year to $75.5 million. Gross margin increased to 25.6% on a GAAP basis, compared to 15.2% in Q4 2023, and increased to 26.6% on a non-GAAP basis, compared to 17.4% in Q4 2023. Net loss to shareholders.

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