SkyWater Technology Inc.: Q2 Earnings Snapshot

BLOOMINGTON, Minn. (AP) — BLOOMINGTON, Minn. (AP) — SkyWater Technology Inc. (SKYT) on Wednesday reported a loss of $10 million in its second quarter.

On a per-share basis, the Bloomington, Minnesota-based company said it had a loss of 21 cents. Losses, adjusted for stock option expense and non-recurring costs, were 11 cents per share.

The company posted revenue of $59.1 million in the period.

For the current quarter ending in September, SkyWater Technology Inc. expects its results to range from a loss of 20 cents per share to a loss of 14 cents per share.

The company said it expects revenue in the range of $130 million to $141 million for the fiscal third quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SKYT at https://www.zacks.com/ap/SKYT

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