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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 29, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 18,844 $ 18,382
Accounts receivable (net of allowance for credit losses of $398 and $180, respectively) 54,332 65,961
Contract assets (net of allowance for credit losses of $42 and $99, respectively) 20,890 29,666
Inventory 14,535 15,341
Prepaid expenses and other current assets 23,476 17,025
Total current assets 132,077 146,375
Property and equipment, net 165,431 159,367
Intangible assets, net 7,779 5,672
Other assets 8,488 5,342
Total assets 313,775 316,756
Current liabilities    
Current portion of long-term debt 5,073 3,976
Accounts payable 29,590 19,614
Accrued expenses 36,829 48,291
Short-term financing, net of unamortized debt issuance costs 27,669 22,765
Contract liabilities 55,166 49,551
Total current liabilities 154,327 144,197
Long-term liabilities    
Long-term debt, less current portion and net of unamortized debt issuance costs 34,704 36,098
Long-term contract liabilities 51,901 65,754
Deferred income tax liability, net 632 679
Other long-term liabilities 8,721 9,327
Total long-term liabilities 95,958 111,858
Total liabilities 250,285 256,055
Commitments and contingencies (Note 12)
Shareholders’ equity    
Preferred stock, $0.01 par value per share (80,000 shares authorized; zero shares issued and outstanding as of December 29, 2024 and December 31, 2023) 0 0
Common stock, $0.01 par value per share (200,000 shares authorized; 47,704 and 47,028 shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively) 478 470
Additional paid-in capital 189,132 178,473
Accumulated deficit (131,996) (125,203)
Total shareholders’ equity, SkyWater Technology, Inc. 57,614 53,740
Noncontrolling interests 5,876 6,961
Total shareholders' equity 63,490 60,701
Total liabilities and shareholders’ equity $ 313,775 $ 316,756