SKYT - SkyWater Technology, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$35.00
DETAILS
HIGH:
$35.00
LOW:
$35.00
MEDIAN:
$35.00
CONSENSUS:
$35.00
DOWNSIDE:
5.94%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 442.1 | 342.3 | 286.7 | 212.9 | 162.8 | 140.4 | 136.7 | 132.2 |
| Cost of Revenue | 353.8 | 272.6 | 227.4 | 187.0 | 170.3 | 117.7 | 111.4 | 100.8 |
| Gross Profit | 88.3 | 69.6 | 59.3 | 26.0 | (7.5) | 22.7 | 25.3 | 31.3 |
| Operating Expenses | ||||||||
| R&D Expenses | 14.6 | 15.0 | 10.2 | 9.4 | 8.7 | 4.2 | 6.3 | 2.2 |
| SG&A Expenses | 74.9 | 48.0 | 63.9 | 46.3 | 43.6 | 25.0 | 18.7 | 15.2 |
| Other Expenses | 0 | 0 | 0 | 0 | (2.7) | 2.1 | 9.3 | 0 |
| Operating Expenses | 89.5 | 63.1 | 74.1 | 55.7 | 49.6 | 31.3 | 34.3 | 17.4 |
| Operating Income | ||||||||
| Operating Income | (1.2) | 6.6 | (14.8) | (29.8) | (57.1) | (8.6) | (9.0) | 14.0 |
| Interest Expense | 13.7 | 8.8 | 10.8 | 5.2 | 3.5 | 5.5 | 6.5 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.8 |
| Profitability | ||||||||
| EBITDA | 34.5 | 25.3 | 14.1 | (2.7) | (23.3) | 9.6 | 3.2 | 29.0 |
| EBIT | (1.2) | 6.6 | (14.8) | (30.9) | (50.7) | (9.3) | (13.4) | 14.0 |
| Income Before Tax | 95.5 | (2.3) | (25.6) | (36.1) | (54.2) | (14.8) | (20.0) | (0.0) |
| Income Tax Expense | (28.0) | 0.2 | (0.5) | 0.8 | (6.8) | 4.9 | (3.6) | 0.0 |
| Net Income | 118.9 | (6.8) | (30.8) | (39.6) | (50.7) | (20.6) | (16.4) | (0.1) |
| Per Share Data | ||||||||
| EPS (Basic) | 2.47 | -0.14 | -0.68 | -0.90 | -1.19 | -0.50 | -0.42 | -0.00 |
| EPS (Diluted) | 2.44 | -0.14 | -0.68 | -0.90 | -1.19 | -0.50 | -0.42 | -0.00 |
| Shares Outstanding | 48.2 | 47.4 | 45.5 | 40.8 | 39.8 | 39.1 | 39.1 | 39.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 23.2 | 18.8 | 18.4 | 30.0 | 12.9 | 7.4 | 4.6 | 0.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 100.1 | 76.5 | 95.8 | 62.8 | 40.1 | 30.0 | 62.0 | 19.0 |
| Inventory | 24.6 | 14.5 | 15.3 | 13.4 | 17.5 | 27.2 | 16.0 | 18.0 |
| Other Current Assets | 45.2 | 18.2 | 14.2 | 7.8 | 1.6 | 9.2 | 0.0 | 0 |
| Total Current Assets | 193.1 | 132.1 | 146.4 | 116.6 | 74.4 | 76.6 | 84.5 | 38.3 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 511.7 | 165.4 | 159.5 | 180.1 | 180.5 | 178.1 | 101.9 | 106.5 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 9.2 | 7.8 | 5.7 | 5.6 | 3.9 | 4.6 | 1.6 | 1.8 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 19.8 | 8.5 | 5.2 | 3.5 | 4.8 | 4.0 | 2.4 | 1.7 |
| Total Non-Current Assets | 540.7 | 181.7 | 170.4 | 189.2 | 189.2 | 186.6 | 105.9 | 110.0 |
| Total Assets | 733.8 | 313.8 | 316.8 | 305.8 | 263.6 | 263.2 | 190.4 | 148.3 |
| Current Liabilities | ||||||||
| Account Payables | 49.9 | 29.6 | 19.6 | 21.1 | 7.6 | 16.8 | 11.3 | 10.2 |
| Short-Term Debt | 192.5 | 32.7 | 26.7 | 57.7 | 1.0 | 2.8 | 4.1 | 2.7 |
| Deferred Revenue | 42.2 | 55.2 | 49.6 | 28.2 | 20.8 | 30.7 | 3.0 | 0.2 |
| Other Current Liabilities | 27.7 | 6.4 | 36.2 | 5.7 | 5.4 | 22.9 | 25.5 | 17.8 |
| Total Current Liabilities | 324.0 | 154.3 | 144.2 | 132.2 | 47.8 | 86.3 | 46.6 | 40.9 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 32.9 | 34.7 | 36.1 | 35.2 | 58.4 | 69.8 | 43.8 | 33.1 |
| Deferred Tax Liabilities | 6.4 | 0.6 | 0.7 | 1.2 | 1.0 | 8.1 | 5.7 | 9.9 |
| Other Non-Current Liabilities | 0.4 | 0.1 | 0 | 5.9 | 7.2 | 5.2 | 21.7 | 25.7 |
| Total Non-Current Liabilities | 213.8 | 96.0 | 111.9 | 119.6 | 155.9 | 178.5 | 119.7 | 68.7 |
| Total Liabilities | 538.0 | 250.3 | 256.1 | 251.8 | 203.7 | 264.8 | 166.3 | 109.7 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 3.8 | 7.3 | 3.9 |
| Retained Earnings | (15.1) | (132.0) | (125.2) | (94.1) | (54.5) | (3.8) | 16.8 | 34.7 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 187.8 | 57.6 | 53.7 | 53.7 | 61.1 | (0.0) | 24.2 | 38.6 |
| Total Liabilities & Equity | 733.8 | 313.8 | 316.8 | 305.8 | 263.6 | 263.2 | 190.4 | 148.3 |
| Debt Metrics | ||||||||
| Total Debt | 250.3 | 76.8 | 72.9 | 103.0 | 61.8 | 72.6 | 48.0 | 35.8 |
| Net Debt | 227.1 | 57.9 | 54.5 | 73.0 | 48.9 | 65.2 | 43.4 | 35.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 123.5 | (2.5) | (25.1) | (36.9) | (47.4) | (19.7) | (16.4) | (0.1) |
| Depreciation & Amortization | 35.7 | 18.7 | 28.9 | 28.2 | 27.4 | 18.9 | 16.7 | 15.1 |
| Stock-Based Compensation | 9.4 | 8.2 | 6.9 | 8.6 | 12.5 | 2.6 | 4.2 | 3.1 |
| Change in Working Capital | (32.5) | (7.2) | (3.1) | (17.3) | (34.1) | 99.8 | 3.4 | (2.4) |
| Other Non-Cash Items | (128.7) | 1.8 | 3.1 | 2.8 | (7.0) | (7.7) | 7.0 | 36.2 |
| Operating Cash Flow | (24.1) | 18.5 | 10.1 | (14.3) | (55.7) | 96.2 | 10.9 | 12.6 |
| Investing Activities | ||||||||
| Capital Expenditure | (29.0) | (11.3) | (10.5) | (17.5) | (32.0) | (89.9) | (9.0) | (5.6) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (88.9) | (3.3) | (1.9) | (0.4) | 0.9 | (2.4) | 1.1 | 1.2 |
| Investing Cash Flow | (118.0) | (11.2) | (10.5) | (17.5) | (29.8) | (88.2) | (7.4) | (4.3) |
| Financing Activities | ||||||||
| Net Debt Issuance | 140.5 | (0.9) | (32.6) | 34.0 | (8.2) | (12.3) | 10.5 | 3.2 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | (4.1) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | (2.9) | (2.5) | 0 | 0 |
| Other Financing Activities | 2.1 | (8.4) | 0.9 | (5.2) | (2.1) | 13.7 | (9.9) | (11.0) |
| Financing Cash Flow | 146.5 | (6.8) | (11.2) | 48.9 | 91.0 | (5.2) | 0.6 | (7.8) |
| Cash Position | ||||||||
| Net Change in Cash | 4.4 | 0.5 | (11.6) | 17.1 | 5.5 | 2.8 | 4.1 | 0.5 |
| Cash at Beginning | 18.8 | 18.4 | 30.0 | 12.9 | 7.4 | 4.6 | 0.5 | 0 |
| Cash at End | 23.2 | 18.8 | 18.4 | 30.0 | 12.9 | 7.4 | 4.6 | 0.5 |
| Free Cash Flow | (53.2) | 7.2 | (0.4) | (31.8) | (87.7) | 6.3 | 2.0 | 7.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 442.1 | 342.3 | 286.7 | 212.9 | 162.8 | 140.4 | 136.7 | 132.2 |
| Gross Profit | 88.3 | 69.6 | 59.3 | 26.0 | (7.5) | 22.7 | 25.3 | 31.3 |
| Operating Income | (1.2) | 6.6 | (14.8) | (29.8) | (57.1) | (8.6) | (9.0) | 14.0 |
| Net Income | 118.9 | (6.8) | (30.8) | (39.6) | (50.7) | (20.6) | (16.4) | (0.1) |
| EPS (Diluted) | 2.44 | -0.14 | -0.68 | -0.90 | -1.19 | -0.50 | -0.42 | -0.00 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 23.2 | 18.8 | 18.4 | 30.0 | 12.9 | 7.4 | 4.6 | 0.5 |
| Total Assets | 733.8 | 313.8 | 316.8 | 305.8 | 263.6 | 263.2 | 190.4 | 148.3 |
| Total Debt | 250.3 | 76.8 | 72.9 | 103.0 | 61.8 | 72.6 | 48.0 | 35.8 |
| Stockholders' Equity | 187.8 | 57.6 | 53.7 | 53.7 | 61.1 | (0.0) | 24.2 | 38.6 |
| Cash Flow | ||||||||
| Operating Cash Flow | (24.1) | 18.5 | 10.1 | (14.3) | (55.7) | 96.2 | 10.9 | 12.6 |
| Capital Expenditure | (29.0) | (11.3) | (10.5) | (17.5) | (32.0) | (89.9) | (9.0) | (5.6) |
| Free Cash Flow | (53.2) | 7.2 | (0.4) | (31.8) | (87.7) | 6.3 | 2.0 | 7.0 |