SkyWater Technology ( (SKYT) ) has released a notification of late filing.
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SkyWater Technology, Inc. has announced a delay in the filing of its Form 10-Q (Quarter Report) for the financial period ending September 28, 2025. The delay is primarily due to the need for additional time to correct immaterial errors in financial statements from previous years, specifically overstatements in Advanced Technology Services revenues. The company has assured stakeholders that the report will be filed within the five-day extension period allowed by the SEC. Financial impacts include adjustments to the accumulated deficit and accounts receivable, with forward-looking statements indicating potential changes in operational results. SkyWater Technology is committed to resolving these issues and maintaining compliance, as indicated by the signature of CFO Steve Manko on the notification.
The most recent analyst rating on (SKYT) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on SkyWater Technology stock, see the SKYT Stock Forecast page.
Spark’s Take on SKYT Stock
According to Spark, TipRanks’ AI Analyst, SKYT is a Neutral.
SkyWater Technology’s overall stock score reflects a mix of strong technical indicators and positive earnings call highlights, counterbalanced by significant financial challenges. The company’s undervaluation presents an opportunity, but high leverage and profitability issues remain concerns.
To see Spark’s full report on SKYT stock, click here.
More about SkyWater Technology
Average Trading Volume: 1,864,632
Technical Sentiment Signal: Buy
Current Market Cap: $867.2M
For an in-depth examination of SKYT stock, go to TipRanks’ Overview page.