Companies at this level ended the following year delisted, bankrupt, restated or silent 9.2% of the time, against 4.0% for companies with a clean record.
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SkyWater Technology, Inc. (the “Company”) has determined that it will not be able to file its Quarterly Report on Form 10-Q for the quarter ended September 28, 2025 (the “Form 10-Q”) by November 10, 2025, the original due date for such filing, without unreasonable effort or expense because the Company requires additional time to prepare and review its financial statements to correct certain immaterial errors arising from prior years and to ensure adequate disclosure of these errors in the financial information required to be included in the Form 10-Q. During the preparation of the consolidated financial statements for the fiscal quarter ended September 28, 2025, the Company identified immaterial errors in its previously issued financial statements for its 2022 and 2023 fiscal years ended January 1, 2023 and December 31, 2023, respectively. The errors related to overstatements of Advanced Technology Services (ATS) development revenues for a cumulative total of $1.970 million. The Company determined that the errors were not material to either its 2022 or 2023 fiscal year consolidated financial statements and that the errors were not material in the aggregate, and thus, the Company is correcting the impacted fiscal years as immaterial corrections of errors. As a result, the Company is revising the financial information for each of its 2022 and 2023 fiscal years in its interim consolidated financial statements as of and for the three- and nine-month fiscal periods ended September 28, 2025 by increasing the beginning accumulated deficit balance as of December 30, 2024 by $1.970 million and decreasing accounts receivable for the same amount. These errors relate to the previously disclosed material weakness in our revenue accounting process. The Company expects to file the Form 10-Q within the five-calendar-day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended
NT 10-Q, filed 2025-11-10 · material weakness
SkyWater Technology, Inc. (the “Company”) has determined that it will not be able to file its Quarterly Report on Form 10-Q for the quarter ended September 28, 2025 (the “Form 10-Q”) by November 10, 2025, the original due date for such filing, without unreasonable effort or expense because the Company requires additional time to prepare and review its financial statements to correct certain immaterial errors arising from prior years and to ensure adequate disclosure of these errors in the financial information required to be included in the Form 10-Q. During the preparation of the consolidated financial statements for the fiscal quarter ended September 28, 2025, the Company identified immaterial errors in its previously issued financial statements for its 2022 and 2023 fiscal years ended January 1, 2023 and December 31, 2023, respectively. The errors related to overstatements of Advanced Technology Services (ATS) development revenues for a cumulative total of $1.970 million. The Company determined that the errors were not material to either its 2022 or 2023 fiscal year consolidated financial statements and that the errors were not material in the aggregate, and thus, the Company is correcting the impacted fiscal years as immaterial corrections of errors. As a result, the Company is revising the financial information for each of its 2022 and 2023 fiscal years in its interim consolidated financial statements as of and for the three- and nine-month fiscal periods ended September 28, 2025 by increasing the beginning accumulated deficit balance as of December 30, 2024 by $1.970 million and decreasing accounts receivable for the same amount. These errors relate to the previously disclosed material weakness in our revenue accounting process. The Company expects to file the Form 10-Q within the five-calendar-day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended
2024-06-26auditor changed or resigned SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
investment advice