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SKYT (SkyWater Technology) Retained Earnings : $-131.3 Mil (As of Sep. 2024)


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What is SkyWater Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SkyWater Technology's retained earnings for the quarter that ended in Sep. 2024 was $-131.3 Mil.

SkyWater Technology's quarterly retained earnings declined from Mar. 2024 ($-130.9 Mil) to Jun. 2024 ($-132.8 Mil) but then increased from Jun. 2024 ($-132.8 Mil) to Sep. 2024 ($-131.3 Mil).

SkyWater Technology's annual retained earnings declined from Dec. 2021 ($-54.5 Mil) to Dec. 2022 ($-94.1 Mil) and declined from Dec. 2022 ($-94.1 Mil) to Dec. 2023 ($-125.2 Mil).


SkyWater Technology Retained Earnings Historical Data

The historical data trend for SkyWater Technology's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SkyWater Technology Retained Earnings Chart

SkyWater Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
16.83 -3.78 -54.48 -94.07 -125.20

SkyWater Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -114.88 -125.20 -130.93 -132.83 -131.32

SkyWater Technology Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


SkyWater Technology  (NAS:SKYT) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


SkyWater Technology Business Description

Traded in Other Exchanges
N/A
Address
2401 East 86th Street, Bloomington, MN, USA, 55425
SkyWater Technology Inc is a U.S.-based, independent, pure-play technology foundry that offers semiconductor development and manufacturing services from its fabrication facilities. In its technology as a service model, it leverages a foundation of proprietary technology, engineering to co-develop process technology intellectual property (IP) with its customers that enable disruptive concepts through its Technology Services for diverse microelectronics (integrated circuits) and related micro- and nanotechnology applications. It focuses on serving diversified, high-growth, end users in numerous vertical markets, including computation, aerospace and defense (A&D), automotive and transportation, bio-health, and industrial.
Executives
John Sakamoto officer: President and COO 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Loren A Unterseher director, 10 percent owner 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
Nancy Fares director 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Gregory B Graves director 129 CONCORD ROAD, BILLERICA MA 01821
Thomas Sonderman director, officer: President & CEO 16 JONSPIN ROAD, WILMINGTON MA 01887
Christopher Hilberg officer: Chief Legal Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Edward Daly director 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Manko officer: CFO 2401 EAST 86TH ST, BLOOMINGTON MN 55425
Bradley Ferguson officer: Chief Govt Affairs Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Steve Kosier officer: Chief Technology Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Amanda Daniel officer: Chief Human Resources Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Mark Litecky officer: Chief Revenue Officer 2401 EAST 86TH STREET, BLOOMINGTON MN 55425
Ddk Developments, L.l.c. 10 percent owner C/O BART L. ZIBROWSKI, 740 SADDLE WOOD DRIVE, EAGAN MN 55123
Bart L Zibrowski 10 percent owner 740 SADDLE WOOD DRIVE, EAGAN MN 55123
John T Kurtzweil director C/O CIRRUS LOGIC, INC., 2901 VIA FORTUNA, AUSTIN TX 78746