Financial PerformanceThe company's gross margin for the March quarter exceeded prior guidance, aided by a warranty reversal, and is expected to improve further as sales volumes increase.
Revenue GrowthSkyWater's wafer services revenue increased significantly, driven by growth in the ThermaView platform and customer transitions, with new products expected to represent a larger share of future revenue.
Strategic AcquisitionsSkyWater Technology's acquisition of Fab 25 from Infineon adds capacity and mitigates the risk of having just one front-end fab.