Ann: Further Significant Megabit Success, page-949

In my opinion...

WBT's partner in Skywater has by their own accounts not attracted a single new business customer to their organisation Since quarter 1 2022 . They can't draw in new customers for their own product let alone a product with WBT chips in their array, it's right there in their financial reports - "Revenue impact of new contract with significant customer $0"

The WBT share price retracements is very similar to Skywaters last 9 months. They have dropped from $15 a share to $5.54. Both are needing new customers to provide that cash injection into the balance sheets. WBT to be fair has 3-4 years of cash at current burn rate 20 million per annum. On the other hand though their partner who produced their array isn't looking so great (In my of course lay persons opinion)

Skywater is running at a around 10 million dollar cash loss per quarter and only had 16 million on hand at the end of July. They are propping up their cash position by releasing a million shares per quarter to July and that will need to be 2 million shares per quarter at current share price.

Their revenue is great record revenue to be precise but they aren't making a profit , the market has been savage with them. WBT are relying on Skywater to produce their product for them for a customer to sell.















Reports are here ..


https://ir.skywatertechnology.com/news/news-details/2023/SkyWater-Technology-Reports-Second-Quarter-2023-Results/default.aspx