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Why Shares of SkyWater Technology Are Plummeting Today

TheMotleyFool

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Why Shares of SkyWater Technology Are Plummeting TodayPhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png

Coming up short of analysts' expectations that SkyWater Technology (NASDAQ: SKYT) would report revenue of $43.2 million and a loss per share of $0.14, the semiconductor manufacturer reported sales of $35 million and a loss per share of $0.29 after the market closed yesterday. Investors today are expressing their disapproval -- not only of the headline figures but of earnings and cash flow issues.

As of 2:15 p.m. EDT, SkyWater's stock is down 35%.

Image source: Getty Images.

Source Fool.com

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