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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Income Statement [Abstract]        
Revenue $ 47,407 $ 41,189 $ 95,528 $ 89,290
Cost of revenue 45,327 39,377 94,388 78,312
Gross profit 2,080 1,812 1,140 10,978
Research and development 2,361 3,339 4,643 5,266
Selling, general and administrative expenses 10,795 15,415 22,485 24,018
Change in fair value of contingent consideration 0 (942) 0 (886)
Operating loss (11,076) (16,000) (25,988) (17,420)
Other (expense) income:        
Paycheck Protection Program loan forgiveness 0 6,453 0 6,453
Interest expense (1,040) (912) (2,069) (1,970)
Total other (expense) income (1,040) 5,541 (2,069) 4,483
Loss before income taxes (12,116) (10,459) (28,057) (12,937)
Income tax expense (benefit) 63 (4,237) (131) (4,662)
Net loss (12,179) (6,222) (27,926) (8,275)
Less: net income attributable to non-controlling interests 826 757 1,685 1,515
Net loss attributable to SkyWater Technology, Inc. $ (13,005) $ (6,979) $ (29,611) $ (9,790)
Net loss per share attributable to common shareholders, basic (in USD per share) $ (320,000) $ (200,000) $ (740,000) $ (0.54)
Net loss per share attributable to common shareholders, diluted (in USD per share) $ (320,000) $ (200,000) $ (740,000) $ (0.54)
Weighted average units used in computing net loss per unit, basic (in shares) 40,203,050 34,707,758 40,031,615 18,884,051
Weighted average units used in computing net loss per unit, diluted (in shares) 40,203,050 34,707,758 40,031,615 18,884,051