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Get filing alertsRed Flags Detected
- Material Weakness (worsened) — Company now reports multiple material weaknesses (plural) versus single material weakness in prior period, and removed disclosure of compensating procedures management previously performed to ensure financial statement reliability.
revenue $160.7M, net income -$12.3M. SkyWater revenue surges 162% on Fab 25 acquisition, but control weaknesses worsen to plural
Filed May 8, 2026 · Period ending March 29, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read
Key Changes
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high
Internal control material weaknesses increased from one to multiple, with management removing prior disclosure of compensating procedures used to ensure financial statement reliability.
Controls & Procedures verify on EDGAR → -
high
Revenue jumped 162% to $160.7M driven by $86.3M from newly-acquired Fab 25 facility in Austin, though net loss widened 68% to $12.3M on higher interest expense and $3.7M in IonQ transaction costs.
MD&A: Results of Operations verify on EDGAR → -
high
MD&A: Pending Acquisition verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 17, 2026 · How we verify