Basis of Presentation and Principles of Consolidation (Tables)

3 Months Ended

Apr. 03, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Computation of Basic and Diluted Net Loss Per Common Share

The following table sets forth the computation of basic and diluted net loss per common share for the three months ended April 3, 2022 and April 4, 2021:

	Three Months Ended
	April 3, 2022		April 4, 2021
	(in thousands, except per share data)
Numerator:
Net loss attributable to SkyWater Technology, Inc.	$	(16,606)	$	(2,811)
Undistributed preferred return to Class B preferred unitholders	—		(359)
Net loss attributable to common shareholders	$	(16,606)	$	(3,170)
Denominator:
Weighted-average common shares outstanding, basic and diluted (1)	39,862		3,060
Net loss per common share, basic and diluted	$	(0.42)	$	(1.04)

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(1)The weighted-average common shares outstanding for the three months ended April 4, 2021 reflects the retrospective adjustment for the April 14, 2021 corporate conversion of 2,105,936 common units into 3,060,343 shares of common stock.