SkyWater Technology, Inc. - SKYT STOCK NEWS

SkyWater Technology (NASDAQ: SKYT) announced plans to report its fourth quarter fiscal 2022 financial results on February 13, 2023, after market close. A webcast will follow at 3:30 p.m. CST to discuss the results. As a U.S.-owned semiconductor manufacturer, SkyWater provides a Technology as a Service model, aiding customers in moving from development to production efficiently. Their services cover various technology sectors such as aerospace, automotive, biomedical, and IoT. Investors can access the live webcast and archived materials on the company's Investor Relations page.

SkyWater Technology (NASDAQ: SKYT) has signed a three-year $100 million senior secured revolving credit facility, enhancing its borrowing capacity. This facility features an accordion option for an additional $30 million, totaling up to $130 million. The funds will support general corporate purposes, including working capital and growth initiatives. SkyWater's CFO stated that this facility provides increased financial flexibility, reflecting the company’s improved credit profile.

The partnership with Siena Lending Group and Great Rock Capital is aimed at facilitating SkyWater's growth strategy.

SkyWater Technology (NASDAQ: SKYT) announced its participation in the 25th Annual Needham Growth Conference, set for January 10 at 3:00 PM EST, held at the Lotte New York Palace Hotel. The company will provide a live webcast of its presentation, accessible on its investor page. SkyWater specializes in semiconductor manufacturing and operates as a DMEA-accredited Trusted Foundry, offering innovative Technology as a Service solutions that cater to various sectors, including aerospace, automotive, and IoT. More details can be found on their website.

SkyWater Technology (NASDAQ: SKYT) has partnered with The MOSIS Service to enhance integrated circuit (IC) prototyping and production. This collaboration allows MOSIS to provide access to SkyWater’s CMOS technologies, supporting design verification and project milestones. MOSIS will assist in various design tasks, enabling teams to focus on quality tapeouts. The partnership aims to deliver significant services to the microelectronics community and anticipates an increase in projects, especially from the defense sector, reflecting SkyWater's commitment to U.S. technological leadership.

SkyWater Technology (NASDAQ: SKYT) announces its participation in the 11th Annual NYC Summit on December 13, 2022. This event allows investors and analysts to engage with multiple management teams, including SkyWater. Presentation materials will be available on the company's website. The Summit, by invitation only, includes management meetings and networking sessions. SkyWater specializes in semiconductor manufacturing and offers a Technology as a Service model, catering to various industries such as aerospace, automotive, and IoT.

SkyWater Technology (NASDAQ: SKYT) announced that its underwriter has fully exercised an option to purchase an additional $2.25 million of common stock at a public offering price of $9.00 per share. This brings the estimated net proceeds from the offering to approximately $15.8 million, intended for general corporate purposes, including operations and capital expenditures. The offering is set to close on or about November 17, 2022.

SkyWater Technology (NASDAQ: SKYT) has announced a $15.0 million public offering of its common stock, pricing shares at $9.00 each. The underwriter, Needham & Company, has a 30-day option to purchase an additional $2.25 million in shares. The company expects to receive approximately $13.7 million in net proceeds, which will be used for general corporate purposes, including operational funding and capital expenditures. The offering is projected to close around November 17, 2022.

SkyWater Technology (NASDAQ: SKYT) has initiated a registered public offering of its common stock. The company plans to offer shares at a public price, providing the underwriter a 30-day option to purchase additional shares. Proceeds from the offering will be directed towards general corporate purposes, including operational funding, debt repayment, and capital expenditures. Needham & Company serves as the sole book-running manager for this offering, which is backed by an effective shelf registration statement. This announcement does not constitute an offer to sell or a solicitation for purchase in restricted jurisdictions.

SkyWater Technology (NASDAQ: SKYT) reported record third-quarter revenues of $52.3 million, marking a 49% year-over-year increase and a 10% rise sequentially. Despite a net loss of $6.9 million, the company achieved an adjusted EBITDA of $3.8 million with a gross margin improvement to 15.8%. Key highlights include a $100 million Phase 2 Rad-Hard award and a $36 million grant in Florida. Looking ahead, SkyWater anticipates continued revenue growth in Q4, driven by key partnerships and ongoing developments in the semiconductor ecosystem.