SkyWater TechnologyNASDAQ: SKYT

SkyWater Technology, Inc. shows impressive topline growth, but growth remains inconsistent, and real profitability is still elusive. The company's valuation is modest, trading at just over 1 times sales, but inconsistent performance and lack of sustained profitability are worrisome. I remain cautiously interested, acknowledging sales progress but wary of inconsistent results and the company's inability to maintain profitability.

Recently, Zacks.com users have been paying close attention to SkyWater Technology (SKYT). This makes it worthwhile to examine what the stock has in store.

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Tom Sonderman - President & CEO Steve Manko - CFO Claire McAdams - IR Conference Call Participants Krish Sankar - TD Cowen Nick Doyle - Needham & Company Richard Shannon - Craig-Hallum Capital Robert Aguanno - Piper Sandler Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.

SkyWater Technology, Inc. (SKYT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.05 per share a year ago.

SKYT shares benefit from strong Aerospace & Defense end-market. However, weak Tool and Wafer Services revenues will hurt prospects.

In the closing of the recent trading day, SkyWater Technology, Inc. (SKYT) stood at $9.72, denoting a -1.02% change from the preceding trading day.

Recently, Zacks.com users have been paying close attention to SkyWater Technology (SKYT). This makes it worthwhile to examine what the stock has in store.

In the most recent trading session, SkyWater Technology, Inc. (SKYT) closed at $9.74, indicating a -1.32% shift from the previous trading day.

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