SkyWater Technology, Inc. (SKYT) Q1 2024 Earnings Call Transcript


SkyWater Technology, Inc. (NASDAQ:SKYT) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET

Company Participants

Claire McAdams – IR
Thomas Sonderman – President & CEO
Steve Manko – CFO

Conference Call Participants

Nicolas Doyle – Needham & Company
Krish Sankar – TD Cowen
Robert Aguanno – Piper Sandler


Thank you for standing by. My name is Greg, and I will be your conference operator today. At this time, I would like to welcome everyone to the SkyWater Technology Q1 2024 Financial Results Conference Call all lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Claire McAdams, Investor Relations for SkyWater. Claire, please go ahead.

Claire McAdams

Thank you, operator. Good afternoon, and welcome to SkyWater’s first quarter 2024 conference call. With me on the call today from SkyWater are Thomas Sonderman, Chief Executive Officer; and Steve Manko, Chief Financial Officer. I’d like to remind you that our call is being webcast live on SkyWater’s Investor Relations website at The webcast will be available for replay shortly after the call concludes.

On our IR website, we have posted an investor slide presentation to accompany today’s call as well as a financial supplement which summarizes our quarterly and annual financial results for the last three years, including all non-GAAP adjustments and comparisons to our GAAP results, as well as the impact of tool sales on our gross margins.

During the call, any statements made about our future financial results and business are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially. For a discussion of these risks and uncertainties, please refer to our filings with the Securities

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