SHIM
Shimmick Corporation2.9250
+0.3250+12.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
104.76MP/E (TTM)
-Basic EPS (TTM)
-1.79Dividend Yield
0%Recent Filings
8-K
Q4 revenue $100M, backlog $793M
Shimmick reported Q4 revenue of $100M and FY2025 revenue of $493M, with Shimmick Projects surging 4% and 12% YoY to $84M and $397M, respectively; gross margin rocketed 462% YoY to $10M on those projects. Backlog hit $793M after $139M new bookings, book-to-burn at 1.4x. Guides 2026 revenue to $550M-$600M, Adjusted EBITDA $15M-$30M—yet Non-Core drag lingers.
8-K
Q3 revenue up, backlog grows
Shimmick reported Q3 revenue of $142M, up 5% YoY excluding last year's $31M one-time settlement, with Shimmick Projects revenue rising 6% to $107M and gross margin surging 67% to $10M. Backlog hit $754M, up 15% QoQ on $190M new awards and 1.7x book-to-burn ratio—first over 1.0x since 2023. Adjusted EBITDA turned positive at $4M. Non-Core Projects drag net loss to $4M, yet core momentum builds.
10-Q
Q3 FY2026 results
Shimmick's Q3 revenue fell 15% y/y to $142M ended October 3, 2025, yet gross margin held at 8% versus 7% prior, buoyed by Shimmick Projects surging 5% y/y to $107M with margins doubling to 9% while Non-Core Projects plunged 46% y/y. Operating loss narrowed to $3M from breakeven, but net loss widened to $4M or $(0.12) diluted EPS on higher SG&A; EPS reconciles to 35M diluted shares with all options antidilutive. Cash dropped to $18M with $57M total debt (Credit Agreement at SOFR+3.5% to 2029, new ACF/Ansley facilities), yet $48M liquidity and no covenant issues. Non-GAAP metrics not disclosed in the 10-Q. Shimmick Projects now dominate backlog at $754M. Fixed-price contracts expose profitability to cost overruns.
8-K
ATM stock offering launched
Shimmick Corporation inked an at-the-market offering agreement with Roth Capital Partners on September 8, 2025, authorizing up to $7.8 million in common stock sales via Nasdaq. This flexible setup lets the company tap fresh capital opportunistically, with Roth earning a 3% commission on proceeds. No sales are guaranteed. Dilution looms if shares flood the market.
8-K
Q2 revenue jumps 42%
Shimmick Corporation reported Q2 2025 revenue of $128 million, surging 42% year-over-year, driven by $113 million from core Shimmick Projects that delivered a robust $15 million gross margin. While Non-Core Projects dragged with a $7 million loss, overall gross margin flipped to $8 million from last year's $31 million deficit, and liquidity held at $73 million. Backlog stands at $652 million, bolstered by $70 million in July awards. Shimmick launched Axia Electric to target electrical growth, yet Non-Core wind-downs pose ongoing risks. Guidance now eyes $5-15 million Adjusted EBITDA for 2025.
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