Basis of Presentation and Principles of Consolidation (Tables)

6 Months Ended

Jul. 03, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Computation of Basic and Diluted Net Loss Per Common Share

The following table sets forth the computation of basic and diluted net loss per common share for the three and six months ended July 3, 2022 and July 4, 2021:


	Three Months Ended				Six Months Ended
	July 3, 2022		July 4, 2021		July 3, 2022		July 4, 2021

	(in thousands, except per share data)				(in thousands, except per share data)
Numerator:
Net loss attributable to SkyWater Technology, Inc.	$	(13,005)	$	(6,979)	$	(29,611)	$	(9,790)
Undistributed preferred return to Class B preferred unitholders	—		(39)		—		(398)
Net loss attributable to common shareholders	$	(13,005)	$	(7,018)	$	(29,611)	$	(10,188)
Denominator:
Weighted-average common shares outstanding, basic and diluted (1)	40,203,050		34,707,758		40,031,615		18,884,051
Net loss per common share, basic and diluted	$	(0.32)	$	(0.20)	$	(0.74)	$	(0.54)

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(1)The weighted-average common shares outstanding for the six months ended July 4, 2021 reflects the retrospective adjustment for the April 14, 2021 corporate conversion of 2,105,936 common units into 3,060,343 shares of common stock.