2023 Q2 Form 10-Q Financial Statement

#000181997423000022 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2
Revenue $66.09M
YoY Change 37.35%
Cost Of Revenue $49.63M
YoY Change 1.15%
Gross Profit $16.47M
YoY Change -1851.91%
Gross Profit Margin 24.92%
Selling, General & Admin $14.90M
YoY Change 27.42%
% of Gross Profit 90.45%
Research & Development $2.668M
YoY Change 16.91%
% of Gross Profit 16.2%
Depreciation & Amortization $7.352M
YoY Change 13.84%
% of Gross Profit 44.64%
Operating Expenses $17.56M
YoY Change 25.7%
Operating Profit -$1.095M
YoY Change -92.66%
Interest Expense -$2.471M
YoY Change -340.14%
% of Operating Profit
Other Income/Expense, Net -$2.471M
YoY Change 140.14%
Pretax Income -$3.566M
YoY Change -77.63%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$4.273M
YoY Change -74.27%
Net Earnings / Revenue -6.47%
Basic Earnings Per Share -$0.10
Diluted Earnings Per Share -$0.10
COMMON SHARES
Basic Shares Outstanding 43.82M shares
Diluted Shares Outstanding 43.82M shares

Balance Sheet

Concept 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.84M
YoY Change 115.07%
Cash & Equivalents $13.84M
Short-Term Investments
Other Short-Term Assets $12.46M
YoY Change 94.12%
Inventory $14.37M
Prepaid Expenses $5.947M
Receivables $67.02M
Other Receivables $169.0K
Total Short-Term Assets $107.8M
YoY Change 44.94%
LONG-TERM ASSETS
Property, Plant & Equipment $175.4M
YoY Change -6.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.286M
YoY Change -2.83%
Total Long-Term Assets $185.0M
YoY Change -6.23%
TOTAL ASSETS
Total Short-Term Assets $107.8M
Total Long-Term Assets $185.0M
Total Assets $292.8M
YoY Change 7.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.93M
YoY Change 131.64%
Accrued Expenses $26.26M
YoY Change 9.06%
Deferred Revenue $23.50M
YoY Change 26.31%
Short-Term Debt $52.21M
YoY Change
Long-Term Debt Due $54.23M
YoY Change 5165.44%
Total Short-Term Liabilities $122.6M
YoY Change 122.04%
LONG-TERM LIABILITIES
Long-Term Debt $35.19M
YoY Change -48.04%
Other Long-Term Liabilities $76.32M
YoY Change 476.73%
Total Long-Term Liabilities $111.5M
YoY Change -33.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $122.6M
Total Long-Term Liabilities $111.5M
Total Liabilities $236.3M
YoY Change 5.43%
SHAREHOLDERS EQUITY
Retained Earnings -$98.72M
YoY Change 38.88%
Common Stock $443.0K
YoY Change 11.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $56.49M
YoY Change
Total Liabilities & Shareholders Equity $292.8M
YoY Change 7.79%

Cashflow Statement

Concept 2023 Q2
OPERATING ACTIVITIES
Net Income -$4.273M
YoY Change -74.27%
Depreciation, Depletion And Amortization $7.352M
YoY Change 13.84%
Cash From Operating Activities -$11.09M
YoY Change 2.72%
INVESTING ACTIVITIES
Capital Expenditures $3.064M
YoY Change -30.58%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$3.064M
YoY Change -36.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.971M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.035M
YoY Change -122.3%
NET CHANGE
Cash From Operating Activities -11.09M
Cash From Investing Activities -3.064M
Cash From Financing Activities -2.035M
Net Change In Cash -16.19M
YoY Change 149.69%
FREE CASH FLOW
Cash From Operating Activities -$11.09M
Capital Expenditures $3.064M
Free Cash Flow -$14.15M
YoY Change -6.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001819974
CY2023Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q2 dei Amendment Flag
AmendmentFlag
false
CY2023Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q2 dei Document Type
DocumentType
10-Q
CY2023Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q2 dei Document Period End Date
DocumentPeriodEndDate
2023-04-02
CY2023Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q2 dei Entity File Number
EntityFileNumber
001-40345
CY2023Q2 dei Entity Registrant Name
EntityRegistrantName
SkyWater Technology, Inc.
CY2023Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2023Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
37-1839853
CY2023Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
2401 East 86th Street
CY2023Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Bloomington
CY2023Q2 dei Entity Address State Or Province
EntityAddressStateOrProvince
MN
CY2023Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
55425
CY2023Q2 dei City Area Code
CityAreaCode
952
CY2023Q2 dei Local Phone Number
LocalPhoneNumber
851-5200
CY2023Q2 dei Security12b Title
Security12bTitle
Common stock, par value $0.01 per share
CY2023Q2 dei Trading Symbol
TradingSymbol
SKYT
CY2023Q2 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q2 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023Q2 dei Entity Small Business
EntitySmallBusiness
true
CY2023Q2 dei Entity Small Business
EntitySmallBusiness
true
CY2023Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023Q2 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2023Q2 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
44471829 shares
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13840000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30025000 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
67016000 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
62670000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
14366000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
13397000 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12457000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10290000 usd
CY2023Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
169000 usd
CY2023Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
169000 usd
CY2023Q2 us-gaap Assets Current
AssetsCurrent
107848000 usd
CY2023Q1 us-gaap Assets Current
AssetsCurrent
116551000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
175368000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
179915000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5324000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5608000 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4286000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3690000 usd
CY2023Q2 us-gaap Assets
Assets
292826000 usd
CY2023Q1 us-gaap Assets
Assets
305764000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2021000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
1855000 usd
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
13931000 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
21102000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
26264000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25212000 usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
52213000 usd
CY2023Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
55817000 usd
CY2023Q2 skyt Deferred Revenue Short Term
DeferredRevenueShortTerm
28168000 usd
CY2023Q1 skyt Deferred Revenue Short Term
DeferredRevenueShortTerm
28186000 usd
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
122597000 usd
CY2023Q1 us-gaap Liabilities Current
LiabilitiesCurrent
132172000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
35194000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
35181000 usd
CY2023Q2 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
0 usd
CY2023Q1 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
1643000 usd
CY2023Q2 skyt Deferred Revenue Long Term
DeferredRevenueLongTerm
62740000 usd
CY2023Q1 skyt Deferred Revenue Long Term
DeferredRevenueLongTerm
67967000 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1239000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1239000 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
13584000 usd
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
13585000 usd
CY2023Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
112757000 usd
CY2023Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
119615000 usd
CY2023Q2 us-gaap Liabilities
Liabilities
235354000 usd
CY2023Q1 us-gaap Liabilities
Liabilities
251787000 usd
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
80000000 shares
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
80000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44280198 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
44280198 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
43704876 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
43704876 shares
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
443000 usd
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
437000 usd
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
154764000 usd
CY2023Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
147304000 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-98720000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-94072000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
56487000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
53669000 usd
CY2023Q2 us-gaap Minority Interest
MinorityInterest
985000 usd
CY2023Q1 us-gaap Minority Interest
MinorityInterest
308000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
57472000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
53977000 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
292826000 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
305764000 usd
CY2023Q2 us-gaap Revenues
Revenues
66094000 usd
CY2022Q2 us-gaap Revenues
Revenues
48121000 usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
49626000 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
49061000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
16468000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
-940000 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2668000 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2282000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14895000 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11690000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1095000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-14912000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
2471000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
1029000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2471000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1029000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3566000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-15941000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-194000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-3566000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-15747000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
707000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
859000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-4273000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-16606000 usd
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43817417 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43817417 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39861688 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39861688 shares
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
59927000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
659000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3007000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
337000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-15747000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
47509000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
53977000 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2696000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2917000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1853000 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
30000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-3566000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
57472000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-3566000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-15747000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7352000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6458000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
357000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
172000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1853000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
3216000 usd
CY2023Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-197000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
12000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
12000 usd
CY2023Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
212000 usd
CY2022Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
88000 usd
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2154000 usd
CY2022Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6875000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
86000 usd
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
969000 usd
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3843000 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2653000 usd
CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2139000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3270000 usd
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4157000 usd
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-5245000 usd
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-2684000 usd
CY2023Q2 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
0 usd
CY2022Q2 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
1000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11086000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-10792000 usd
CY2023Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
213000 usd
CY2022Q2 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
400000 usd
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2851000 usd
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4414000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3064000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4814000 usd
CY2023Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
59350000 usd
CY2022Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
CY2023Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
63310000 usd
CY2022Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
CY2023Q2 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 usd
CY2022Q2 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
9392000 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
494000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2023Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
317000 usd
CY2022Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
256000 usd
CY2023Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
343000 usd
CY2022Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
334000 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1275000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
659000 usd
CY2023Q2 skyt Proceeds From Issuance Market Offering
ProceedsFromIssuanceMarketOffering
2696000 usd
CY2022Q2 skyt Proceeds From Issuance Market Offering
ProceedsFromIssuanceMarketOffering
0 usd
CY2023Q2 skyt Payments Of Intangible Asset Obligations
PaymentsOfIntangibleAssetObligations
1850000 usd
CY2022Q2 skyt Payments Of Intangible Asset Obligations
PaymentsOfIntangibleAssetObligations
0 usd
CY2023Q2 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
30000 usd
CY2022Q2 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
337000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2035000 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9124000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16185000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6482000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30025000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12917000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13840000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6435000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
1286000 usd
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
882000 usd
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000 usd
CY2023Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
421000 usd
CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1537000 usd
CY2023Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
765000 usd
CY2022Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
9035000 usd
CY2023Q2 skyt Intangible Assets Incurred But Not Yet Paid
IntangibleAssetsIncurredButNotYetPaid
500000 usd
CY2022Q2 skyt Intangible Assets Incurred But Not Yet Paid
IntangibleAssetsIncurredButNotYetPaid
1628000 usd
CY2023Q2 us-gaap Nature Of Operations
NatureOfOperations
Nature of Business<div style="margin-top:7pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SkyWater Technology, Inc., together with its consolidated subsidiaries (collectively, "SkyWater", the "Company", “we”, “us”, or “our”), is a U.S.-based, independent, pure-play technology foundry that offers advanced semiconductor development and manufacturing services from its fabrication facility, or fab, in Minnesota and advanced packaging services from its Florida facility. In its technology as a service model, we leverage a strong foundation of proprietary technology to co-develop process technology intellectual property with our customers that enables disruptive concepts through our Advanced Technology Services for diverse microelectronics (integrated circuits, or ICs) and related micro- and nanotechnology applications. In addition to these differentiated technology development services, we support customers with volume production of ICs for high-growth markets through our Wafer Services.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">SkyWater is an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012.</span></div>
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-4273000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13840000 usd
CY2023Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Management evaluates these estimates and judgments on an ongoing basis and bases its estimates on experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are reasonable under the circumstances. Actual results could differ from those estimates.</span></div>
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-4273000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-16606000 usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43817000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43817000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39862000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39862000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
184000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
184000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1167000 usd
CY2023Q2 us-gaap Revenues
Revenues
66094000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1167000 usd
CY2022Q2 us-gaap Revenues
Revenues
48121000 usd
CY2023Q2 us-gaap Revenues
Revenues
66094000 usd
CY2022Q2 us-gaap Revenues
Revenues
48121000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
746000 usd
CY2022Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
195000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
35605000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
34625000 usd
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
23501000 usd
CY2023Q2 us-gaap Deferred Income Current
DeferredIncomeCurrent
4667000 usd
CY2023Q2 skyt Deferred Revenue Short Term
DeferredRevenueShortTerm
28168000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
23519000 usd
CY2023Q1 us-gaap Deferred Income Current
DeferredIncomeCurrent
4667000 usd
CY2023Q1 skyt Deferred Revenue Short Term
DeferredRevenueShortTerm
28186000 usd
CY2023Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
57296000 usd
CY2023Q2 us-gaap Deferred Income Noncurrent
DeferredIncomeNoncurrent
5444000 usd
CY2023Q2 skyt Deferred Revenue Long Term
DeferredRevenueLongTerm
62740000 usd
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
61356000 usd
CY2023Q1 us-gaap Deferred Income Noncurrent
DeferredIncomeNoncurrent
6611000 usd
CY2023Q1 skyt Deferred Revenue Long Term
DeferredRevenueLongTerm
67967000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
80797000 usd
CY2023Q2 us-gaap Deferred Income
DeferredIncome
10111000 usd
CY2023Q2 skyt Deferred Revenue Short Term And Long Term
DeferredRevenueShortTermAndLongTerm
90908000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
84875000 usd
CY2023Q1 us-gaap Deferred Income
DeferredIncome
11278000 usd
CY2023Q1 skyt Deferred Revenue Short Term And Long Term
DeferredRevenueShortTermAndLongTerm
96153000 usd
CY2023Q2 skyt Percentage Of Contract Liabilities Recognized In Revenue
PercentageOfContractLiabilitiesRecognizedInRevenue
60
CY2022Q2 skyt Percentage Of Contract Liabilities Recognized In Revenue
PercentageOfContractLiabilitiesRecognizedInRevenue
30
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
139152000 usd
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P6Y6M
CY2023Q2 skyt Trade Accounts Receivable Before Allowance For Credit Loss Current
TradeAccountsReceivableBeforeAllowanceForCreditLossCurrent
35578000 usd
CY2023Q1 skyt Trade Accounts Receivable Before Allowance For Credit Loss Current
TradeAccountsReceivableBeforeAllowanceForCreditLossCurrent
29683000 usd
CY2023Q2 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
35605000 usd
CY2023Q1 us-gaap Contract With Customer Asset Gross Current
ContractWithCustomerAssetGrossCurrent
34625000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4167000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1638000 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
67016000 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
62670000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1638000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2154000 usd
CY2022Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2023Q2 skyt Accounts Receivable Allowance For Credit Loss Writeoff Recovery Net
AccountsReceivableAllowanceForCreditLossWriteoffRecoveryNet
0 usd
CY2022Q2 skyt Accounts Receivable Allowance For Credit Loss Writeoff Recovery Net
AccountsReceivableAllowanceForCreditLossWriteoffRecoveryNet
0 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4167000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4096000 usd
CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3991000 usd
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
122000 usd
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
359000 usd
CY2023Q2 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
10148000 usd
CY2023Q1 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
9047000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
14366000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
13397000 usd
CY2023Q2 skyt Inventory Parts And Components Classified As Other Assets Net Of Reserves
InventoryPartsAndComponentsClassifiedAsOtherAssetsNetOfReserves
2696000 usd
CY2023Q1 skyt Inventory Parts And Components Classified As Other Assets Net Of Reserves
InventoryPartsAndComponentsClassifiedAsOtherAssetsNetOfReserves
2605000 usd
CY2023Q2 skyt Inventory And Other Asset Net
InventoryAndOtherAssetNet
17062000 usd
CY2023Q1 skyt Inventory And Other Asset Net
InventoryAndOtherAssetNet
16002000 usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5947000 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2395000 usd
CY2023Q2 us-gaap Supplies
Supplies
0 usd
CY2023Q1 us-gaap Supplies
Supplies
129000 usd
CY2023Q2 skyt Equipment Purchased For Customers Current
EquipmentPurchasedForCustomersCurrent
5686000 usd
CY2023Q1 skyt Equipment Purchased For Customers Current
EquipmentPurchasedForCustomersCurrent
5669000 usd
CY2023Q2 us-gaap Deferred Costs Current
DeferredCostsCurrent
824000 usd
CY2023Q1 us-gaap Deferred Costs Current
DeferredCostsCurrent
2097000 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12457000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10290000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
292868000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
290559000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
117500000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
110644000 usd
CY2023Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
175368000 usd
CY2023Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
179915000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
13287000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
12521000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
3287000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
2781000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
6856000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
6031000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1289000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1015000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
814000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
587000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
306000 usd
CY2023Q2 skyt Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
1313000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5324000 usd
CY2023Q2 skyt Inventory Parts And Components Classified As Other Assets Net Of Reserves
InventoryPartsAndComponentsClassifiedAsOtherAssetsNetOfReserves
2696000 usd
CY2023Q1 skyt Inventory Parts And Components Classified As Other Assets Net Of Reserves
InventoryPartsAndComponentsClassifiedAsOtherAssetsNetOfReserves
2605000 usd
CY2023Q2 us-gaap Deferred Costs
DeferredCosts
102000 usd
CY2023Q1 us-gaap Deferred Costs
DeferredCosts
0 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
130000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
141000 usd
CY2023Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1358000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
944000 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4286000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3690000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7355000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5705000 usd
CY2023Q2 skyt Accrued Technology Based Obligations Current
AccruedTechnologyBasedObligationsCurrent
500000 usd
CY2023Q1 skyt Accrued Technology Based Obligations Current
AccruedTechnologyBasedObligationsCurrent
1500000 usd
CY2023Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
140000 usd
CY2023Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
30000 usd
CY2023Q2 skyt Accrued Fixed Asset Expenditures Current
AccruedFixedAssetExpendituresCurrent
0 usd
CY2023Q1 skyt Accrued Fixed Asset Expenditures Current
AccruedFixedAssetExpendituresCurrent
20000 usd
CY2023Q2 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
4574000 usd
CY2023Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
4734000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
45000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
44000 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
598000 usd
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
786000 usd
CY2023Q2 skyt Accrued Inventory Current
AccruedInventoryCurrent
1180000 usd
CY2023Q1 skyt Accrued Inventory Current
AccruedInventoryCurrent
1294000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11872000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11099000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
26264000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25212000 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9769000 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9257000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
100000 usd
CY2023Q2 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
AccountsPayableAndAccruedLiabilitiesNoncurrent
3727000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
AccountsPayableAndAccruedLiabilitiesNoncurrent
3728000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.012
CY2023Q2 skyt Accrued Technology Based Obligations Non Current
AccruedTechnologyBasedObligationsNonCurrent
0 usd
CY2023Q1 skyt Accrued Technology Based Obligations Non Current
AccruedTechnologyBasedObligationsNonCurrent
500000 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
13584000 usd
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
13585000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6647000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
7103000 usd
CY2023Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
89428000 usd
CY2023Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
92853000 usd
CY2023Q2 skyt Long Term Debt Current Maturities And Short Term Debt
LongTermDebtCurrentMaturitiesAndShortTermDebt
54234000 usd
CY2023Q1 skyt Long Term Debt Current Maturities And Short Term Debt
LongTermDebtCurrentMaturitiesAndShortTermDebt
57672000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
35194000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
35181000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
3100000 usd
CY2023Q2 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
496000 usd
CY2023Q2 skyt Sale Leaseback Transaction Monthly Payments
SaleLeasebackTransactionMonthlyPayments
101000 usd
CY2023Q2 us-gaap Sale Leaseback Transaction Lease Terms
SaleLeasebackTransactionLeaseTerms
42 months
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
57696000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2109000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2248000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1670000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1219000 usd
CY2023Q2 skyt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
31133000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
96075000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
19855000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
19855000 usd
CY2022Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 usd
CY2023Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1853000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3007000 usd
CY2023Q2 us-gaap Contractual Obligation
ContractualObligation
4400000 usd
CY2020Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
21000000 usd
CY2020Q1 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P4Y6M
CY2023Q1 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
27000000 usd
CY2023Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
27000000 usd
CY2023Q2 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
3230000 usd
CY2023Q1 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
2902000 usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001819974-23-000022-index-headers.html Edgar Link pending
0001819974-23-000022-index.html Edgar Link pending
0001819974-23-000022.txt Edgar Link pending
0001819974-23-000022-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
skyt-20230402.htm Edgar Link pending
skyt-20230402.xsd Edgar Link pending
skyt-20230402xex311.htm Edgar Link pending
skyt-20230402xex312.htm Edgar Link pending
skyt-20230402xex321.htm Edgar Link pending
skyt-20230402xex322.htm Edgar Link pending
skyt-20230402_g1.jpg Edgar Link pending
skyt-20230402_cal.xml Edgar Link unprocessable
skyt-20230402_def.xml Edgar Link unprocessable
skyt-20230402_lab.xml Edgar Link unprocessable
skyt-20230402_pre.xml Edgar Link unprocessable
skyt-20230402_htm.xml Edgar Link completed