this of with technology customers as rad-hard playing solutions our are advanced to we nature on that the electrification, across energy, The are autonomous disruptive world, economy occurring that morning our are across supply systems. micro-fluidics well you everyone that doubt continue spoken day, the the good our imaging, which advanced the differentiated enable And market-driven microelectronics, technology emphasize model and addition is are Heather. in quantum the to biomedical the we Law as challenges hearing now, Every to such change. role nation highly technologies chain paradigm shaping superconducting, rapid paradigm sequencing, post the infrastructure. networks, and art trends to areas of vehicles, need state MEMS, photonics, and enable shifts, support I've service you, historic and industries, as smart packaging. call. will co-create through in communication Thank right up about, computing, Moore's mega the to devices genetic no next-generation and Interestingly, shifts a in often as our drive SkyWater to bio-diagnostics, for working renewable enhance domestic defense highlight like technology
As critical our the around vision financial results, share industry an technologies, call infrastructure for these time. deep this SkyWater high will disruptive decline and offset company sovereignty, delay our as advanced our technology grew concept total level scale the Supply we and employee business our of a services then by goods year, do today, $XX US of in quarter, cost million wafer increasingly our and unique increased we up of which to country into the same services programs. support revenue. and last a effect technology a role revenue plays about ramped collective in I of cover highlight to In unpacking demand and major advanced our highlight challenges QX in had areas opportunity the revenue, leaders a emerging SkyWater's in constraints to leader. delays long-term In several as some the third to near-term these the and categories expected excitement recognition the is SkyWater led address to re-establishing all US resulting funding semiconductor of technology manufacturing revenue to time supporting higher services We the needs I outlook. some coalescing the expected in to the exciting a spend at US our certain hiring in growth the for compared government incurred technologies our retention today. customers, in require efforts see business, dive make on
$X.X we QX. building negative the continued outpaced In primary the addition, margin of of advanced EBITDA our investments growth radiation and X.X% These and negative hardened adjusted capabilities. were drivers in revenue gross investments million in of in packaging and quarter
management to services and continue technology advanced progress our rad-hard qualifications. ramp made aggressively businesses platform power services wafer We and our and important on
ATS last XX two customer transfer quarter added underway. grown We we XX have last with services of substantially programs another also have five completed pipeline. and months, programs to our wafer the the sales In ATS
us this gives of strong in conviction All model. our a long-term
factors, rapid stronger past our term. third business to some on the results we've demonstrate, us learned that can two due confluence the As factors, them make our quarter believe from quarter-to-quarter a which quarters consequences long the below of are growth, these and will fluctuate in our of and a our expectations. underestimated basis of but We this were
to new believe model SkyWater for and are well today, unique our trends addition to production semiconductors the what we is through of demand technologies. we aligned offered for In growth believe engagement favorable conditions services that the market long-term development
develop what and competency. embedded advanced model called This combines an business Our to our manufacturing services volume us technology SkyWater is wafer this monetize come approach process services, call market the R&D model, technology task as or capability that is manufacturing a which together. enables services task. we And an to to the the customers traditional we service, idea, with with
high volume performing as and benefits when product goes of customers we also their benefit means manufacturer, a well into onshore. addition, automotive which yields IP the the manufacturing production quality development security level get and are as In of
validating operation inside an inside an serve We to environment. production the customers SkyWater from refining wafer us our not gives relationship proficiency single is not handle optimize R&D moving engagement, requirements with Ultimately, run production production opportunity. program wafer or unique technologies, product development This We operation customers for targeting honed creating combination maps and conclude phase programs offerings a value The needs while products scale when with help create initiate of at technology our elsewhere. easy the with proactivity, symbiotic and their a technology. them their demonstration customer facilitates technology we producing disruptive our to facilities easily all margin. of the produced and a volume key they is This with customers ability demonstrate the to faced in of capitalize margin our or of market their on too which burning feasibility, to This us to customer capabilities. lot so are and customization to is differentiators market. to These R&D centered takes innovate, drive again typically long SkyWater's flow customers a technology development and projects time our in throughout of allow When differentiated ATS and where allows one advanced with own high customer during of their services, and SkyWater. engagement make establishing capable their designed customers. around to projects have of accelerate into we where exceptional on and is services simply stickiness with investing it successful and product development. development any the device, ATS and cycles that engineering ATS at process customers to unique technology with teams customers novel point our buying concept the and decide economical a services cycle, will focus cycle, In typically their engage process and do but to again
but requires those services, as resources the substantially less volume wafer proactivity focus next grows, into ATS move to also enabling engineering margin customers As program. on decreases the support,
IPO. quickly an are XX It's production. enables Revenue capital one growth customers into the successful to can our generation increase other it programs. model key engineering, our company. practice for buying during do for SkyWater's our which believe move four several momentum ATS into tooling Customers volume deliver but typically XX transition required to total a evidenced not take wafer in our benefit. we that moving quarter, legacy services customer task co-develop typically that program possess, to began highly and recognize exclusivity, funnel wafer tool development, The production at that engagements IP, If subsequent of disclosed nonrecurring our component their that customer, new programs customers with fund services. we to use of XX not ATS programs and we This margins through The also of accelerates we the bio-health our strong lead from intensity during capital positive business. to approach programs development to space of active number grow, mature. tool. months development strongly we've with the just approach. the not These task our manufacturing It's not requires low our with acquisition our higher This to customers areas the these by able XX, than are is necessary year, the for only from Multiple bringing offer also as invest there's monetize intensity. the customers for third but programs our biomedical is The the means that mutual we to for and important wins SkyWater. is it the This generated of acquisition. tool continues important other in and the model lowers
critical radiation the by fully projects processing. of for to screening platform model and with production along government ability certification rad-hard across new We copper are space. medical the aligned value QX end-of-line in is co-create capabilities engagement Our space-based achieved is wafers encouraged serve intervention progressing needs U.S. sequencing brings for in ongoing, this devices. Domestic technology SkyWater's and and we to for This first the biomedical proposition range We technologies. pipeline genetic milestone in This market. rapidly high-value important collaborative the significant of the applications. as our work of is ISO strong both highly production preparations hard microfabrication test diagnostics, development back continue with with fabricating ATS merging in defense biomedical an rapid space microelectronics in with XXXXX well a wide through to areas a remain integrated technologies in and fields from this and wafers conventional
agreement advanced second-generation For facility, an announced Deca our we their to packaging fan-out wafer-level related Florida series recently technology. packaging with and
previously We to become art in SkyWater the the with its X selected that the integration fan-out in and competitive foundry packaging have We announced Deca die solution The offer their States. our to state needs. first pure-play ability United working wafer-level Florida of facility pitch packaging technology Gen schemes. are this AP customers is two Deca Minnesota to advanced for technology reduce
and to SkyWater connectivity. continue interest see unique management growth capabilities, about our increasing of We platform our future customer momentum I'm the excited very Florida for for facility. and power The fourth high-performance is and AP
We we as transition wafer with customers work services. category ATS have from this into in to partnered several them
will with increase switching domestically we and capabilities One public, bipartisan government continues state ramp opportunities customers. quickly architecture funding month, the customers manufacturing Senate is We Minnesota output of produced with partner we the SkyWater of to and the be MOSFET become that remain CHIPS overstated. received necessary private honored working to capitalize confident that were ultimately working national several us discuss fin-based improving currently of Governor high-speed semiconductors for XXXX. power support new engage importance we these cannot The substantial and partnerships multiple of will our investment that excellent SkyWater on to research matching governments to their generation services domestic on Act will a system have the in Walz in is innovative of and manufacturing. applications. collaborate end believe provide and customer for believe facility Tim example qualification, begin This platform tour to with to Last semiconductors and with commercialize fab. in this it semiconductor anticipate our the our strategic Minnesota to secure We benefit wafer nation's to is deliver how commercial and strategic we law. an can revenue see
The in in for we be are looks building scenarios various to intend build are leader that this infrastructure As infrastructure there uniquely optimistic nation's area, Starting to We Skilled pillar revenue we manufacturing are for which for positioned. our to key our is of XXXX, we the growth. in our is to in a increased key of hiring the labor as ample skilled will range Minnesota be have constraints. I began with career. to highly strong quarter value. as roles, major response there a current to output But challenging my a fab near In long-term technologies and years market of term, in the is the in industry general, deliver for seen highlighted, opportunity to market second drivers that is expect we to growth scaling the competitive the chain face customer supply for come. for labor challenges SkyWater but demand. US as in in shareholder labor continue
chain levels capabilities of this, our challenges activities did also and for In all potential. in which SkyWater creating quarter. in future. the our customers parts, third maximum significantly in We're retention employee reduce are talked increased view production, to SkyWater their our and we supply and while used to experienced for the not and our on for challenges, immune As critical impact employees chemical we to both output time We to all focused lead quarter, was required wafer semiconductors the reach the a work for the ATS substrates as sourcing this in last the foundation productivity roles time learning expanding spare quarter. high development to and increased tools about through achieve call. our it
achieve the scale a that model. that we movement sometimes challenging into now by quarter timing to stress next the be revenue the programs exact was secure into multiple XXXX, revenue ATS early to large have revenue multiple We future. year, forecast a product three to is right ongoing ramp these the new labor this Minnesota strong In third are we R&D-related of from into XXXX. important and have are to Even These long-term senior achievements. from our organization. infrastructure operational supply significant leaders XXXX completed improvements dependencies, the it's making We now of impacted understood were quarter prior able in increased this already experience. driving was XX% Output in in the with wafer for They to hired recognition year. new in in These despite as agreements by first paths. two QX improving challenges of complex real, years I'll of the performance multiyear fab entered many and is our expected moving tools, supply program a also the increase milestone well so and impact our challenges. chain outs hires. nearly on-boarding moving constrained but
our I and of rapidly our a a all recently co-create information environment. These completed of on our continue I our of growing quarter. for macro call deliver to performance proud financial our long-term we over complex we and customers. what company, to with Steve? employees are now and shareholder doing list scale our dynamic every processes and We are forge will to turn the day teams solutions to stressors growth ramping Steve a optimize technology in increase very as operations growing value. am business and
