SKYT - SkyWater Technology: Green Shoots And Continued Disappointments

2024-05-13 14:21:34 ET

Summary

• SkyWater Technology, Inc. is on the verge of becoming profitable after experiencing revenue growth and focusing on a low-capital intensity business model.
• The company provides manufacturing, packing, and engineering services to customers, with a focus on co-developed technology and contracts from the Department of Defense.
• Despite some green shoots and potential profitability, investors have been disappointed in the past, making caution necessary when considering investing in SkyWater.

In April 2022, I called SkyWater Technology, Inc. ( SKYT ) a very semi, semi play after investors had seen one disappointment after the other, in the year after which the business went public....

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