SKYWATER TECHNOLOGY Sees 47.2% Year-Over-Year Growth with USD 69.8 Million in Revenue for FY2023 Q2
August 14, 2023
☀️Earnings Overview
SKYWATER TECHNOLOGY ($NASDAQ:SKYT) reported a total revenue of USD 69.8 million for the second quarter of FY2023, ending June 30 2023, which is a 47.2% increase from the same period the previous year. Net income in this quarter was USD -8.6 million, an improvement from the -13.0 million in the same quarter of the previous year.
Analysis
GoodWhale has performed an analysis of SKYWATER TECHNOLOGY and found that it is a medium risk investment in terms of its financial and business aspects. According to the Risk Rating, it is recommended to proceed with caution when investing in this company. In addition, GoodWhale has detected 3 risk warnings in the income statement, balance sheet, and cashflow statement. To find out more about the risks associated with this company, please register on GoodWhale.com for detailed information. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Skywater Technology. More…
| Total Revenues | Net Income | Net Margin |
| 253.32 | -22.84 | -8.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Skywater Technology. More…
| Operations | Investing | Financing |
| -18.33 | -14.92 | 38.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Skywater Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 298.74 | 235.85 | 1.31 |
Key Ratios Snapshot
Some of the financial key ratios for Skywater Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.9% | – | -3.8% |
| FCF Margin | ROE | ROA |
| -13.1% | -10.3% | -2.0% |
Peers
The competition in the semiconductor market is heating up as more and more companies enter the fray. Among them is SkyWater Technology Inc, which is looking to make a name for itself in the industry. It is up against some stiff competition from the likes of Suzhou Oriental Semiconductor Co Ltd, China Chippacking Technology Co Ltd, and Shinko Electric Industries Co Ltd.
– Suzhou Oriental Semiconductor Co Ltd ($SHSE:688261)
Suzhou Oriental Semiconductor Co Ltd is a Chinese company that manufactures semiconductors. The company has a market cap of 18.54B as of 2022 and a Return on Equity of 6.53%. The company’s products are used in a variety of electronic devices, including smartphones, televisions, and computers.
– China Chippacking Technology Co Ltd ($SHSE:688216)
China Chippacking Technology Co Ltd is a leading provider of advanced semiconductor packaging and testing services in China. The company has a market cap of 2.69B as of 2022 and a ROE of 4.17%. China Chippacking Technology Co Ltd offers a full range of packaging and testing services for a wide range of semiconductor devices, including logic, memory, and analog devices. The company’s advanced packaging and testing capabilities enable it to meet the stringent requirements of the most demanding applications.
– Shinko Electric Industries Co Ltd ($TSE:6967)
Shinko Electric Industries Co Ltd is a Japanese company that manufactures and sells electronic components and devices. The company has a market capitalization of 457.28 billion as of 2022 and a return on equity of 26.21%. Shinko Electric Industries Co Ltd manufactures products such as capacitors, resistors, and inductors. The company also sells products such as semiconductors, printed circuit boards, and LCDs.
Summary
SKYWATER TECHNOLOGY reported a strong second quarter of 2023, with total revenue of USD 69.8 million representing a 47.2% year-over-year increase. Net income for the quarter was a loss of -8.6 million, although this is an improvement from the previous year’s -13.0 million. However, investors reacted negatively to this news and the stock price fell the same day. Overall, SKYWATER TECHNOLOGY appears to be making progress, but further long-term performance in net income and stock price will be needed for investors to have greater confidence in the company.
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