Skywater Technology Inc reports results for the quarter ended in June - Earnings Summary

Skywater Technology

07/08/2023 23:05

* Skywater Technology Inc  SKYT.OQ  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in June. The
mean expectation of five analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue rose 47.3% to $69.81 million from a year ago;
analysts
expected $63.82 million. 
    * Skywater Technology Inc's reported EPS for the quarter was
a
loss of 19 cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Skywater Technology Inc shares had risen by 8.0% this
quarter and gained 43.0% so far this year.
    * The company reported a quarterly loss of $10.66 million.
    * Wall Street's median 12-month price target for Skywater
Technology Inc is $18.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.11          -0.14          Missed
 Mar. 31 2023      -0.13          -0.06          Beat
 Dec. 31 2022      -0.11          -0.03          Beat
 Sep. 30 2022      -0.25          -0.13          Beat