Coming up short of analysts' expectations that SkyWater Technology (NASDAQ: SKYT) would report revenue of $43.2 million and a loss per share of $0.14, the semiconductor manufacturer reported sales of $35 million and a loss per share of $0.29 after the market closed yesterday. Investors today are expressing their disapproval -- not only of the headline figures but of earnings and cash flow issues.
As of 2:15 p.m. EDT, SkyWater's stock is down 35%.
Image source: Getty Images.
For further details see:
Why Shares of SkyWater Technology Are Plummeting Today