BLOOMINGTON, Minn. – November 2, 2021 – SkyWater Technology (NASDAQ: SKYT) the trusted technology realization partner today announced financial results for the third quarter of 2021, ended October 3, 2021.Revenue grew 6% year-over-year to $35.0 millionNet loss to shareholders of $13.9 million, or (40)% of revenueAdjusted EBITDA of $(2.7) million, or (7.7)% of revenue
"Supply chain challenges and hiring constraints plus continued delays in the funding of existing United States government programs had a magnified near-term effect on the company," Sonderman said in a statement.
Revenue in advanced technology services unit, which develops new processes and chips for clients, fell 8% in the quarter to $22.4 million. Its wafer services revenue, which handles volume manufacturing for clients, was up 44% to $12.7 million
Some short term hurdles here....nothing to worry about. IMHO, Great chance to buy in.
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