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SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2024 Results

1. SkyWater's Q4 2024 revenue fell 5% to $75.5 million. Gross margin improved significantly year-over-year.

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FAQ

Why Neutral?

The revenue decline indicates potential operational challenges but improved gross margins suggest better efficiency. Historical examples show that companies with fluctuating revenues but strong margins can stabilize over time.

How important is it?

Changes in revenue and margins are critical metrics for stock performance, likely influencing investment decisions.

Why Short Term?

The immediate revenue decline could affect short-term investor sentiment. However, improved margins may take time to positively influence stock value.

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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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