Exhibit 99.1 SkyWater Technology Reports First Quarter 2024 Results Seventh Straight Quarter of Record Revenue and 20% Growth Year-Over-Year BLOOMINGTON, Minn., – May 8, 2024 – SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the first quarter 2024 ended March 31, 2024. Financial Highlights for Q1 2024: • Revenue increased 20% year-over-year to a record $79.6 million. • Gross margin decreased to 16.3% on a GAAP basis, compared to 24. ...