$SKYT
SkyWater Technology, Inc

2024 Q2 Form 10-Q Financial Statement

#000181997424000014 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q2
Revenue $93.33M $79.64M $66.09M
YoY Change 41.21% 22.35% 37.35%
Cost Of Revenue $76.22M $66.66M $49.63M
YoY Change 53.58% 37.33% 1.15%
Gross Profit $17.11M $12.98M $16.47M
YoY Change 3.92% -21.58% -1851.91%
Gross Profit Margin 18.34% 16.3% 24.92%
Selling, General & Admin $12.33M $11.17M $14.90M
YoY Change -17.21% -14.35% 27.42%
% of Gross Profit 72.06% 86.05% 90.45%
Research & Development $3.382M $4.012M $2.668M
YoY Change 26.76% 81.7% 16.91%
% of Gross Profit 19.76% 30.91% 16.2%
Depreciation & Amortization $3.704M $5.065M $7.352M
YoY Change -49.62% -32.03% 13.84%
% of Gross Profit 21.64% 39.02% 44.64%
Operating Expenses $15.71M $15.18M $17.56M
YoY Change -10.53% -0.44% 25.7%
Operating Profit $1.400M -$2.201M -$1.095M
YoY Change -227.85% -268.92% -92.66%
Interest Expense -$2.482M $2.390M -$2.471M
YoY Change 0.45% -233.22% -340.14%
% of Operating Profit -177.29%
Other Income/Expense, Net -$2.471M
YoY Change 140.14%
Pretax Income -$1.082M -$4.591M -$3.566M
YoY Change -69.66% 188.38% -77.63%
Income Tax -$127.0K $41.00K $0.00
% Of Pretax Income
Net Earnings -$1.897M -$5.729M -$4.273M
YoY Change -55.6% 88.39% -74.27%
Net Earnings / Revenue -2.03% -7.19% -6.47%
Basic Earnings Per Share -$0.04 -$0.12 -$0.10
Diluted Earnings Per Share -$0.04 -$0.12 -$0.10
COMMON SHARES
Basic Shares Outstanding 47.35M shares 47.28M shares 43.82M shares
Diluted Shares Outstanding 47.40M shares 47.10M shares 43.82M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.36M $20.00M $13.84M
YoY Change 32.67% -33.38% 115.07%
Cash & Equivalents $18.36M $20.00M $13.84M
Short-Term Investments
Other Short-Term Assets $16.73M $24.53M $12.46M
YoY Change 34.32% 138.37% 94.12%
Inventory $14.61M $15.56M $14.37M
Prepaid Expenses $3.864M $4.534M $5.947M
Receivables $52.24M $57.90M $67.02M
Other Receivables $255.0K $82.00K $169.0K
Total Short-Term Assets $120.7M $143.0M $107.8M
YoY Change 11.89% 22.68% 44.94%
LONG-TERM ASSETS
Property, Plant & Equipment $157.0M $157.3M $175.4M
YoY Change -10.47% -12.58% -6.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.024M $5.693M $4.286M
YoY Change 40.55% 54.28% -2.83%
Total Long-Term Assets $169.7M $169.3M $185.0M
YoY Change -8.23% -10.53% -6.23%
TOTAL ASSETS
Total Short-Term Assets $120.7M $143.0M $107.8M
Total Long-Term Assets $169.7M $169.3M $185.0M
Total Assets $290.4M $312.3M $292.8M
YoY Change -0.82% 2.13% 7.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.98M $25.92M $13.93M
YoY Change 36.21% 22.83% 131.64%
Accrued Expenses $33.00M $30.51M $26.26M
YoY Change 25.64% 21.02% 9.06%
Deferred Revenue $48.81M $51.44M $23.50M
YoY Change 107.69% 118.72% 26.31%
Short-Term Debt $23.88M $32.61M $52.21M
YoY Change -54.27% -41.57%
Long-Term Debt Due $4.984M $3.631M $54.23M
YoY Change -90.81% -93.7% 5165.44%
Total Short-Term Liabilities $133.9M $148.8M $122.6M
YoY Change 9.24% 12.57% 122.04%
LONG-TERM LIABILITIES
Long-Term Debt $37.41M $35.67M $35.19M
YoY Change 6.3% 1.38% -48.04%
Other Long-Term Liabilities $8.906M $9.204M $76.32M
YoY Change -88.33% -88.94% 476.73%
Total Long-Term Liabilities $99.67M $104.1M $111.5M
YoY Change -10.62% -12.06% -33.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $133.9M $148.8M $122.6M
Total Long-Term Liabilities $99.67M $104.1M $111.5M
Total Liabilities $233.6M $252.9M $236.3M
YoY Change -1.16% 0.31% 5.43%
SHAREHOLDERS EQUITY
Retained Earnings -$132.8M -$130.9M -$98.72M
YoY Change 34.55% 39.18% 38.88%
Common Stock $474.0K $473.0K $443.0K
YoY Change 7.0% 8.24% 11.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $51.46M $51.34M $56.49M
YoY Change
Total Liabilities & Shareholders Equity $290.4M $312.3M $292.8M
YoY Change -0.82% 2.13% 7.79%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.897M -$5.729M -$4.273M
YoY Change -55.6% 88.39% -74.27%
Depreciation, Depletion And Amortization $3.704M $5.065M $7.352M
YoY Change -49.62% -32.03% 13.84%
Cash From Operating Activities $9.347M -$3.924M -$11.09M
YoY Change -184.31% -60.15% 2.72%
INVESTING ACTIVITIES
Capital Expenditures $1.171M $1.259M $3.064M
YoY Change -61.78% -65.56% -30.58%
Acquisitions
YoY Change
Other Investing Activities $23.00K
YoY Change
Cash From Investing Activities -$1.148M -$2.070M -$3.064M
YoY Change -62.53% -43.38% -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 -9.839M $7.614M -2.035M
YoY Change 383.49% -77.74% -122.3%
NET CHANGE
Cash From Operating Activities 9.347M -$3.924M -11.09M
Cash From Investing Activities -1.148M -$2.070M -3.064M
Cash From Financing Activities -9.839M $7.614M -2.035M
Net Change In Cash -1.640M $1.620M -16.19M
YoY Change -89.87% -92.18% 149.69%
FREE CASH FLOW
Cash From Operating Activities $9.347M -$3.924M -$11.09M
Capital Expenditures $1.171M $1.259M $3.064M
Free Cash Flow $8.176M -$5.183M -$14.15M
YoY Change -157.78% -61.62% -6.94%

Facts In Submission

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Nature of Business<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 Technology, Inc., together with its consolidated subsidiaries (collectively, “SkyWater,” the “Company,” “it,” or “its”), 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. SkyWater’s technology-as-a-service model leverages a foundation of proprietary technology to co-develop process technology intellectual property with its customers that enables disruptive concepts through its Advanced Technology Services (“ATS”) for diverse microelectronics (integrated circuits (“ICs”)) and related micro and nanotechnology applications. In addition to these differentiated technology development services, SkyWater supports customers with volume production of ICs for high-growth markets through its 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 (the “JOBS Act”).</span></div>
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CY2024Q1 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 the interim 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 as of the date of the interim condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods then ended. 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>
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-5729000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-4273000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47099000 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47099000 shares
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
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1167000 usd
CY2024Q1 us-gaap Revenues
Revenues
79636000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1167000 usd
CY2023Q2 us-gaap Revenues
Revenues
66094000 usd
CY2024Q1 us-gaap Revenues
Revenues
79636000 usd
CY2023Q2 us-gaap Revenues
Revenues
66094000 usd
CY2024Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
172000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
746000 usd
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
24922000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
29666000 usd
CY2024Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
62000 usd
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
99000 usd
CY2024Q1 skyt Contract With Customer Expected Loss Liability
ContractWithCustomerExpectedLossLiability
8004000 usd
CY2023Q2 skyt Contract With Customer Expected Loss Liability
ContractWithCustomerExpectedLossLiability
0 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
51441000 usd
CY2024Q1 us-gaap Deferred Income Current
DeferredIncomeCurrent
4668000 usd
CY2024Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
56109000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
44883000 usd
CY2023Q4 us-gaap Deferred Income Current
DeferredIncomeCurrent
4668000 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
49551000 usd
CY2024Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
57828000 usd
CY2024Q1 us-gaap Deferred Income Noncurrent
DeferredIncomeNoncurrent
777000 usd
CY2024Q1 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
58605000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
63810000 usd
CY2023Q4 us-gaap Deferred Income Noncurrent
DeferredIncomeNoncurrent
1944000 usd
CY2023Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
65754000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
109269000 usd
CY2024Q1 us-gaap Deferred Income
DeferredIncome
5445000 usd
CY2024Q1 us-gaap Deferred Revenue
DeferredRevenue
114714000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
108693000 usd
CY2023Q4 us-gaap Deferred Income
DeferredIncome
6612000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
115305000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
115305000 usd
CY2023Q1 us-gaap Deferred Revenue
DeferredRevenue
96153000 usd
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12686000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6020000 usd
CY2024Q1 skyt Contract With Customer Liability Payments Received Excluding Revenue Recognized
ContractWithCustomerLiabilityPaymentsReceivedExcludingRevenueRecognized
12095000 usd
CY2023Q2 skyt Contract With Customer Liability Payments Received Excluding Revenue Recognized
ContractWithCustomerLiabilityPaymentsReceivedExcludingRevenueRecognized
775000 usd
CY2024Q1 us-gaap Deferred Revenue
DeferredRevenue
114714000 usd
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
90908000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
144892000 usd
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P6Y6M
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
180000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1638000 usd
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-84000 usd
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2102000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2024Q1 skyt Accounts Receivable Allowance For Credit Loss Writeoff Recovery Net
AccountsReceivableAllowanceForCreditLossWriteoffRecoveryNet
0 usd
CY2023Q2 skyt Accounts Receivable Allowance For Credit Loss Writeoff Recovery Net
AccountsReceivableAllowanceForCreditLossWriteoffRecoveryNet
0 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
96000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3908000 usd
CY2024Q1 skyt Equipment Purchased For Customers Current
EquipmentPurchasedForCustomersCurrent
18437000 usd
CY2023Q4 skyt Equipment Purchased For Customers Current
EquipmentPurchasedForCustomersCurrent
12737000 usd
CY2024Q1 us-gaap Deferred Costs Current
DeferredCostsCurrent
1557000 usd
CY2023Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
1453000 usd
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
99000 usd
CY2023Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
0 usd
CY2024Q1 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
-37000 usd
CY2023Q2 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
52000 usd
CY2024Q1 us-gaap Contract With Customer Asset Allowance For Credit Loss Writeoff
ContractWithCustomerAssetAllowanceForCreditLossWriteoff
0 usd
CY2023Q2 us-gaap Contract With Customer Asset Allowance For Credit Loss Writeoff
ContractWithCustomerAssetAllowanceForCreditLossWriteoff
0 usd
CY2024Q1 us-gaap Contract With Customer Asset Allowance For Credit Loss Recovery
ContractWithCustomerAssetAllowanceForCreditLossRecovery
0 usd
CY2023Q2 us-gaap Contract With Customer Asset Allowance For Credit Loss Recovery
ContractWithCustomerAssetAllowanceForCreditLossRecovery
0 usd
CY2024Q1 skyt Contract With Customer Asset Allowance For Credit Loss Write Off Recovery Net
ContractWithCustomerAssetAllowanceForCreditLossWriteOffRecoveryNet
0 usd
CY2023Q2 skyt Contract With Customer Asset Allowance For Credit Loss Write Off Recovery Net
ContractWithCustomerAssetAllowanceForCreditLossWriteOffRecoveryNet
0 usd
CY2024Q1 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
62000 usd
CY2023Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
259000 usd
CY2024Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5113000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4775000 usd
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
12000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
19000 usd
CY2024Q1 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
10433000 usd
CY2023Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
10547000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
15558000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
15341000 usd
CY2024Q1 skyt Inventory Parts And Components Classified As Other Assets Net Of Reserves
InventoryPartsAndComponentsClassifiedAsOtherAssetsNetOfReserves
3586000 usd
CY2023Q4 skyt Inventory Parts And Components Classified As Other Assets Net Of Reserves
InventoryPartsAndComponentsClassifiedAsOtherAssetsNetOfReserves
3293000 usd
CY2024Q1 skyt Inventory And Other Asset Net
InventoryAndOtherAssetNet
19144000 usd
CY2023Q4 skyt Inventory And Other Asset Net
InventoryAndOtherAssetNet
18634000 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4534000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2663000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
24528000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
16853000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
157281000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
159367000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
13332000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
13332000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
4137000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
3976000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
4690000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
6856000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6320000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5672000 usd
CY2024Q1 skyt Inventory Parts And Components Classified As Other Assets Net Of Reserves
InventoryPartsAndComponentsClassifiedAsOtherAssetsNetOfReserves
3586000 usd
CY2023Q4 skyt Inventory Parts And Components Classified As Other Assets Net Of Reserves
InventoryPartsAndComponentsClassifiedAsOtherAssetsNetOfReserves
3293000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
96000 usd
CY2024Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
2022000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1953000 usd
CY2024Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5693000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5342000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7214000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10947000 usd
CY2024Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
381000 usd
CY2023Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
488000 usd
CY2024Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
3672000 usd
CY2023Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
3122000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
49000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
48000 usd
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
637000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
645000 usd
CY2024Q1 skyt Accrued Inventory Current
AccruedInventoryCurrent
223000 usd
CY2023Q4 skyt Accrued Inventory Current
AccruedInventoryCurrent
1261000 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
0 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
9345000 usd
CY2024Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
0 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1319000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18336000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21116000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
30512000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
48291000 usd
CY2023 us-gaap Restructuring Costs
RestructuringCosts
1921000 usd
CY2023 us-gaap Payments For Restructuring
PaymentsForRestructuring
602000 usd
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9165000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
9275000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
39000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
52000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9204000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9327000 usd
CY2024Q1 us-gaap Accumulated Amortization Of Current Deferred Finance Costs
AccumulatedAmortizationOfCurrentDeferredFinanceCosts
2495000 usd
CY2023Q4 us-gaap Accumulated Amortization Of Current Deferred Finance Costs
AccumulatedAmortizationOfCurrentDeferredFinanceCosts
2851000 usd
CY2024Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
32612000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
22765000 usd
CY2024Q1 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
2406000 usd
CY2023Q4 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
2490000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
39296000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
40074000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
3631000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3976000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
35665000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
36098000 usd
CY2024Q1 skyt Long Term Debt Gross Maturity Remainder Of Fiscal Year
LongTermDebtGrossMaturityRemainderOfFiscalYear
2694000 usd
CY2024Q1 skyt Long Term Debt Gross Maturity Year One
LongTermDebtGrossMaturityYearOne
3879000 usd
CY2024Q1 skyt Long Term Debt Gross Maturity Year Two
LongTermDebtGrossMaturityYearTwo
2771000 usd
CY2024Q1 skyt Long Term Debt Gross Maturity Year Three
LongTermDebtGrossMaturityYearThree
1219000 usd
CY2024Q1 skyt Long Term Debt Gross Maturity Year Four
LongTermDebtGrossMaturityYearFour
1259000 usd
CY2024Q1 skyt Long Term Debt Gross Maturity After Year Four
LongTermDebtGrossMaturityAfterYearFour
29880000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
41702000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.009
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
29012000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
26111000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 usd
CY2024Q1 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2072000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1853000 usd
CY2024Q1 us-gaap Contractual Obligation
ContractualObligation
8370000 usd
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
7910000 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
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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