01:43 PM EDT, 05/09/2024 (MT Newswires) -- SkyWater Technology ( SKYT ) shares tumbled more than 31% in recent Thursday trading a day after reporting an unexpectedly wider Q1 net loss.

The company's Q1 non-GAAP net loss widened to $0.08 per diluted share from $0.06 a year earlier. Four of five analysts polled by Capital IQ expected a loss of $0.05.

Revenue for the quarter ended March 31 was $79.6 million, up from $66.1 million a year earlier. Four of five analysts surveyed by Capital IQ expected $79.9 million.

Price: 6.81, Change: -3.07, Percent Change: -31.05