Shimmick Reports Improved Q1 Margins Despite Lower Revenue
Shimmick Corporation (NASDAQ:SHIM) reported first-quarter results showing a narrowed net loss, improved gross margins, and strong backlog growth. While revenue declined year-over-year to $88 million from $122 million in the prior year period, adjusted EBITDA turned positive at approximately $3 million compared to a $3 million loss last year.
Tickers: $SHIM
Topics: backlog growth financial results guidance reaffirmation margin improvement revenue decline