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Condensed Financial Information (Parent Company Only) (Tables)
 12 Months Ended
Dec. 29, 2024
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
The following table shows the carrying amounts of assets and liabilities of Oxbow Realty as of December 29, 2024 and December 31, 2023. The assets and liabilities are presented prior to consolidation, and thus do not reflect the elimination of intercompany balances.
December 29, 2024December 31, 2023
Cash and cash equivalents$383 $9 
Accounts receivable1,242 8,807 
Finance receivable41,153 40,707 
Other assets107 744 
    Total assets$42,885 $50,267 
Accounts payable$1,217 $6,053 
Accrued expenses80 248 
Contract liabilities1,078 1,283 
Debt34,634 35,722 
    Total liabilities$37,009 $43,306 
SKYWATER TECHNOLOGY, INC.
(Parent Company Only)
Condensed Balance Sheets
December 29, 2024December 31, 2023
(in thousands, except per share data)
Assets
Current assets
Income tax receivable$— $172 
Total current assets— 172 
Due from subsidiaries27,669 15,352 
Investment in subsidiaries57,614 53,740 
Deferred income tax asset
— 3,419 
Total assets$85,283 $72,683 
Liabilities and Shareholders’ Equity
Current liabilities
Short-term financing, net of unamortized debt issuance costs$27,669 $18,943 
Total current liabilities27,669 18,943 
Total liabilities27,669 18,943 
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)
— — 
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 capital189,132 178,473 
Accumulated deficit(131,996)(125,203)
Total shareholders’ equity57,614 53,740 
Total liabilities and shareholders’ equity$85,283 $72,683 
Schedule of Condensed Income Statements
The following table shows the revenue and expenses of Oxbow Realty for the fiscal years ended December 29, 2024, December 31, 2023, and January 1, 2023. These results of Oxbow Realty are presented prior to consolidation, and thus do not reflect the elimination of intercompany transactions.
Fiscal Year Ended
December 29, 2024December 31, 2023January 1, 2023
Revenue$5,700 $6,861 $5,052 
General and administrative expenses45 (90)1,016 
Interest expense1,379 1,252 1,314 
Income tax expense— 36 — 
Total expenses1,424 1,198 2,330 
Net income$4,276 $5,663 $2,722 
SKYWATER TECHNOLOGY, INC.
(Parent Company Only)
Condensed Statements of Operations
Fiscal Year Ended
December 29, 2024December 31, 2023January 1, 2023
(in thousands, except per share data)
Revenue$— $— $— 
Operating expenses— — — 
Operating income— — — 
Other income (expense), net— — — 
Loss before income taxes and equity in net loss of subsidiaries— — — 
Income tax expense (benefit)— — — 
Equity in net loss of subsidiaries(6,793)(30,756)(39,593)
Net loss
$(6,793)$(30,756)$(39,593)
Net loss per share attributable to common shareholders, basic and diluted
$(0.14)$(0.68)$(0.97)
Weighted average shares outstanding, basic and diluted
47,396 45,507 40,835 
Schedule of Revenue by Country
The following table discloses revenue for the fiscal years ended December 29, 2024, December 31, 2023, and January 1, 2023 by country as determined by customer address:
Fiscal Year Ended
December 29, 2024December 31, 2023January 1, 2023
United States$329,049 $261,274 $184,908 
Canada8,197 8,327 4,135 
Hong Kong878 6,406 6,181 
United Kingdom1,078 4,639 7,147 
All others3,067 6,036 10,570 
Total revenue
$342,269 $286,682 $212,941