SkyWater Technology, Inc.

SKYT

SKYTSkyWater Technology, Inc. US flag

NASDAQ Capital Market

36.61

USD

+0.81

- -

1.80BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	137	140	163	213	287	342	442
+ Sales & Services Revenue	137	140	163	213	287	342	442
- Cost of Revenue	111	118	170	187	227	273	355
+ Cost of Goods & Services	111	118	170	187	227	273	355
Gross Profit	25	23	-7	26	59	70	87
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	34	29	52	56	74	63	90
+ Selling, General & Admin	19	25	44	46	64	48	75
+ Research & Development	6	4	9	9	10	15	15
+ Other Operating Expense	9	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-9	-7	-60	-30	-15	7	-3
- Non-Operating (Income) Loss	11	8	-6	6	11	9	-98
+ Interest Expense, Net	7	5	4	5	11	9	14
+ Interest Expense	7	5	4	5	11	9	14
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	4	3	-9	1	- -	- -	-112
Pretax Income	-20	-15	-54	-36	-26	-2	95
- Income Tax Expense (Benefit)	-4	5	-7	1	-1	- -	-28
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-16	-20	-47	-37	-25	-3	123
- Net Extraordinary Losses (Gains)	- -	2	7	5	11	9	9
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	2	7	5	11	9	9
Income (Loss) Incl. MI	-16	-22	-54	-42	-36	-11	114
- Minority Interest	- -	-1	-3	-3	-6	-4	-5
Net Income, GAAP	-16	-21	-51	-40	-31	-7	119
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-16	-21	-51	-40	-31	-7	119
EBIT	-9	-7	-60	-30	-15	7	-3
EBITDA	8	12	-32	-2	14	25	33
EBITDA Margin (%)	5.63	8.77	-19.92	-0.74	4.93	7.38	7.48
EBITA	-9	-7	-60	-30	-15	7	-3
Gross Margin (%)	18.54	16.16	-4.59	12.19	20.68	20.34	19.66
Operating Margin (%)	-6.56	-4.66	-36.73	-13.98	-5.16	1.92	-0.58
Profit Margin (%)	-12.01	-14.68	-31.13	-18.59	-10.73	-1.98	26.89
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	0.07	0.1	- -	- -	- -	- -
Depreciation Expense	17	19	27	28	29	19	36
Basic Weighted Avg Shares	38	37	29	41	46	47	48
Basic EPS, GAAP	-0.43	-0.56	-1.76	-0.97	-0.68	-0.14	2.47
Basic EPS from Cont Ops	-0.43	-0.53	-1.63	-0.9	-0.55	-0.05	2.56
Diluted Weighted Avg Shares	38	37	29	41	46	47	49
Diluted EPS, GAAP	-0.43	-0.56	-1.76	-0.97	-0.68	-0.14	2.44
Diluted EPS from Cont Ops	-0.43	-0.53	-1.63	-0.9	-0.55	-0.05	2.53

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	85	77	74	117	146	130	193
+ Cash, Cash Equivalents & STI	5	7	13	30	18	19	23
+ Cash & Cash Equivalents	5	7	13	30	18	19	23
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	62	30	40	63	96	75	118
+ Accounts Receivable, Net	61	21	23	28	66	52	100
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	1	8	17	35	30	22	18
+ Inventories	16	27	18	13	15	15	25
+ Raw Materials	6	7	10	13	15	13	25
+ Work In Process	10	20	7	- -	- -	1	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	12	4	10	17	22	27
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	106	187	189	189	170	182	541
+ Property, Plant & Equip, Net	102	178	180	180	159	165	512
+ Property, Plant & Equip	144	237	265	291	297	316	693
- Accumulated Depreciation	42	59	84	111	138	151	182
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4	9	9	9	11	16	29
+ Total Intangible Assets	2	5	4	6	6	8	9
+ Goodwill	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	2	5	4	6	6	8	9
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2	4	5	4	5	8	20
Total Assets	190	263	264	306	317	312	734
+ Payables & Accruals	19	38	19	40	56	59	78
+ Accounts Payable	11	17	8	21	20	30	35
+ Accrued Taxes	- -	2	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	8	19	12	19	37	30	43
+ ST Debt	4	3	2	59	27	33	193
+ ST Borrowings	4	3	1	58	27	33	190
+ ST Finance Leases	- -	- -	1	1	1	1	2
+ Other ST Liabilities	23	46	26	34	60	62	53
+ Deferred Revenue	3	31	21	28	50	55	42
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	20	15	5	6	11	6	11
Total Current Liabilities	47	86	48	132	144	154	324
+ LT Debt	44	70	60	45	45	43	58
+ LT Borrowings	44	70	58	35	36	35	33
+ LT Finance Leases	- -	- -	1	9	9	9	25
+ Other LT Liabilities	76	109	96	75	66	53	156
+ Accrued Liabilities	54	103	89	69	66	53	156
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	22	5	7	6	- -	- -	- -
Total Noncurrent Liabilities	120	178	156	120	112	96	214
Total Liabilities	166	265	204	252	256	250	538
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	7	4	116	148	179	190	203
+ Common Stock	7	4	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	115	147	178	189	202
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	17	-4	-54	-94	-125	-134	-15
+ Other Equity	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	24	- -	61	54	54	56	188
+ Minority/Non Controlling Interest	- -	-2	-1	- -	7	6	8
Total Equity	24	-2	60	54	61	62	196
Total Liabilities & Equity	190	263	264	306	317	312	734
Shares Outstanding	37	37	40	44	47	48	49
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	2	10	10	9	27
Net Debt	43	65	47	63	44	49	200
Net Debt to Equity	179.51	-4,113.89	77.65	116.4	73.24	79	102.17
Tangible Common Equity Ratio	11.94	-2.38	21.58	16.11	17.69	17.68	25.75
Current Ratio	1.81	0.89	1.56	0.88	1.02	0.84	0.6
Cash Conversion Cycle	- -	134.2	69.85	45.24	50.51	50.06	50.82

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-16	-20	-47	-37	-25	-3	123
+ Depreciation & Amortization	17	19	27	28	29	19	36
+ Non-Cash Items	7	-3	-1	12	9	9	-147
+ Stock-Based Compensation	4	3	13	9	7	8	9
+ Deferred Income Taxes	-4	2	-7	- -	-1	- -	-29
+ Asset Impairment Charge	- -	- -	13	- -	1	- -	- -
+ Other Non-Cash Adj	7	-8	-20	3	2	2	-128
+ Chg in Non-Cash Work Cap	3	100	-34	-17	-3	-7	-41
+ (Inc) Dec in Accts Receiv	-42	31	-9	-12	-33	20	-20
+ (Inc) Dec in Inventories	2	-11	-4	-9	-2	1	1
+ (Inc) Dec in Prepaid Assets	-2	-9	5	-5	-8	-10	-11
+ Inc (Dec) in Accts Payable	-3	12	-6	21	21	-10	7
+ Inc (Dec) in Other	48	77	-20	-13	19	-8	-17
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	11	96	-56	-14	10	18	-29
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	2	2	2	- -	- -	- -	1
+ Disp of Fixed Prod Assets	2	2	2	- -	- -	- -	1
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-9	-90	-32	-17	-10	-11	-27
+ Acq of Fixed Prod Assets	-8	-86	-31	-17	-9	-8	-24
+ Acq of Intangible Assets	-1	-4	-1	- -	-2	-3	-3
+ Cash (Repurchase) of Equity	- -	-4	104	20	20	- -	- -
+ Increase in Capital Stock	- -	- -	104	20	20	- -	- -
+ Decrease in Capital Stock	- -	-4	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	-86
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-7	-88	-30	-17	-10	-11	-113
+ Dividends Paid	- -	-2	-3	- -	- -	- -	- -
+ Net Cash From Debt	10	-12	-8	34	-33	-1	150
+ Cash From Debt	14	39	- -	63	268	348	589
+ Repayments of Debt	-3	-51	-8	-29	-301	-349	-438
+ Other Financing Activities	-10	14	-2	-5	1	-6	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	1	-5	91	49	-11	-7	146
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	4	3	5	17	-12	- -	4
EBITDA	8	12	-32	-2	14	25	33
EBITDA Margin (%)	5.63	8.77	-19.92	-0.74	4.93	7.38	7.48
Free Cash Flow	2	6	-88	-32	- -	7	-56
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	- -	-93	3	-31	10	98
Free Cash Flow per Basic Share	0.05	0.17	-3.02	-0.78	-0.01	0.15	-1.17
Price/Free Cash Flow	- -	- -	-19.88	92	21.28	22.01	-502.58
Cash Flow to Net Income	-0.67	-4.67	1.1	0.36	-0.33	-2.72	-0.24
Capital Expenditures	-9	-90	-32	-17	-10	-11	-27