Giga Tronics Inc (GIGA) 1.12 $GIGA
Giga-tronics Announces the Sale of its Switch Product Line to Astronics for $850,000
GlobeNewswire - Thu Jun 23, 3:02PM CDT
Giga-tronics Incorporated ("Giga-tronics"
(NASDAQ:GIGA) announced today an agreement for the sale of its Switch product line to Astronics Test Systems Inc. ("Astronics", a wholly owned subsidiary of Astronics Corporation (NASDAQ:ATRO). Upon signing, Astronics paid $850,000 for the intellectual property of the product line. Giga-tronics is estimating a net gain in the quarter ending June 25, 2016 of $650,000 after related expenses are subtracted from the sales price. Astronics is also purchasing approximately $500,000 of related materials inventory from Giga-tronics. The materials inventory will transfer throughout July and August of 2016.
ATRO: 34.95 (+0.73), GIGA: 1.12 (-0.03)
Giga-tronics receives $3.3 Million Order for Advanced Signal Generator Products
GlobeNewswire - Mon Jun 06, 3:03PM CDT
Giga-tronics Incorporated announced today that it has received a $3.3 million order from the United States Navy based upon its Real-Time Threat Emulation System (Real-Time TEmS) which is a combination of its new Advanced Signal Generator Hardware Platform, along with software developed and licensed to the Company from a major aerospace and defense company. The complete order includes engineering services to integrate the Real-Time TEmS product with additional third party hardware and software for the customer. The Company expects to fulfill the order in the second half of the current fiscal year.
GIGA: 1.12 (-0.03)
Giga-tronics Reports Results for the Fourth Quarter and FY 2016
GlobeNewswire - Mon Jun 06, 3:02PM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) reported today net sales for the fourth fiscal quarter ended March 26, 2016 of $2.7 million, a decrease of 37% as compared to the $4.3 million reported for the fourth quarter of fiscal 2015. The Company's Microsource business unit (Microsource) saw a decrease of approximately $900,000 in net sales, from $1.8 million in the fourth quarter of fiscal 2015 to $904,000 in the fourth quarter of fiscal 2016, associated with a three month gap in high performance YIG RADAR filter production caused by the completion of an annual customer contract and the timing of the start of the next annual contract. Typical quarterly shipments of the YIG RADAR filters range from $1.2 to $2.5 million. YIG RADAR filter production and shipments are expected to return to normal volumes in the current quarter. The Company also saw a decrease of $598,000 in net sales of legacy product, from $2.0 million in the fourth quarter of fiscal 2015 to $1.4 million in fourth quarter of fiscal 2016, due the transition Power Meter, Amplifiers, Sensors, and legacy Signal Generator product lines to Spanawave Corporation ("Spanawave". The Company announced the product line sales on January 4, 2016, and is currently transitioning the manufacturing capabilities to Spanawave. Sales of the new Advance Signal Generator (ASG) decreased approximately $101,000, from $499,000 in the fourth quarter of fiscal 2015 to $398,000 in the fourth quarter of fiscal 2016, due to a delay in completing an additional feature.
GIGA: 1.12 (-0.03)
Giga-tronics to Announce Fourth Quarter Earnings and a Conference Call on June 6, 2016
GlobeNewswire - Tue May 24, 8:15AM CDT
Giga-tronics Incorporated (NASDAQ:GIGA) will release results for the fourth quarter of fiscal year 2016 on Monday June 6, 2016 after the close of trading on the NASDAQ Capital Market.
GIGA: 1.12 (-0.03)
Giga-tronics Microsource Business Unit Regains AS9100C Quality Certification
GlobeNewswire - Wed May 04, 8:25AM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) announced today that its Microsource Business Unit regained AS9100C certification of its Supplier Quality Management System. The AS9100C Certification is commonly required in the aircraft manufacturing industry. The Company's Microsource division sells components used on military aircrafts to two major customers that require such certification. During the lapse in certification the Company worked with one of the major customers to allow continued shipping and orders. The Company was pursuing a similar solution with the second customer, but this is no longer required with the regained certification.
GIGA: 1.12 (-0.03)
Giga-tronics Receives $4.5 Million Order for High Performance YIG Tuned Filter Products
GlobeNewswire - Fri Apr 15, 3:06PM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) announced today that it has received a $4.5 million order extending ongoing production of its high performance YIG filters for a major aerospace company. The Company will start shipments this month, and expects the order will take 9 to 12 months to fulfill. John Regazzi, President and CEO of Giga-tronics, said "We are pleased to see a 50% increase over the $3.0 million order we received last year associated with this program, demonstrating our customer's continued confidence in Giga-tronics to deliver this sole sourced product on time, while meeting their high standards for quality and reliability."
GIGA: 1.12 (-0.03)
Giga-tronics Announces Preliminary Results for the Fourth Quarter FY 2016
GlobeNewswire - Fri Apr 15, 3:05PM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) announced today preliminary results for the fourth quarter of fiscal 2016, which ended March 26, 2016. Net sales for the fourth quarter are expected to be in the range of $2.5 million to $2.7 million, compared to quarterly net sales ranging from $3.1 million to $4.5 million over the prior four quarters. The net loss for the fourth quarter is expected to be between $1.6 million to $1.8 million.
GIGA: 1.12 (-0.03)
Giga-tronics Reports Third Quarter FY 2016 Results
GlobeNewswire - Thu Feb 04, 3:02PM CST
Giga-tronics Incorporated (Nasdaq:GIGA) reported today net sales for the third fiscal quarter ended December 26, 2015 of $4.5 million, which was the same as the $4.5 million reported for the third quarter of fiscal 2015. In the third quarter of fiscal 2016 the Company recorded $1.3 million of sales of its new Advanced Signal Generator (ASG) product, which was offset by the winding down of a $6.2 million nonrecurring YIG engineering order (NRE Order) received in the first quarter of fiscal 2015 in which the majority of the associated revenue was earned throughout fiscal 2015.
GIGA: 1.12 (-0.03)
Giga-tronics to Announce Third Quarter Earnings and a Conference Call on February 4, 2016
GlobeNewswire - Tue Jan 26, 11:03AM CST
Giga-tronics Incorporated (NASDAQ:GIGA) will release results for the third quarter of fiscal year 2016 on Thursday February 4, 2016 after the close of trading on the NASDAQ Capital Market.
GIGA: 1.12 (-0.03)
Giga-tronics Announces the Sale of Multiple Product Lines to Spanawave
GlobeNewswire - Mon Jan 04, 7:25AM CST
Giga-tronics Incorporated ("Giga-tronics" (NASDAQ:GIGA) announced today the sale of its Power Meter, Amplifiers, Sensors, and legacy Signal Generator product lines to Spanawave Corporation ("Spanawave". The product lines will transfer to Spanawave sequentially in phases beginning with certain sensor and amplifier products (effective immediately), with the final product line transfer (legacy Signal Generators) estimated to be completed in July 2016. Payments totaling $1.5 million will be made by Spanawave to Giga-tronics over the phased transition period with one-half of the payments ($750,000) expected to be received between June and July 2016. In addition, Spanawave will be purchasing existing inventory for these products in phases. Giga-tronics will continue to manufacture the related products until the respective product line transfer is complete.
GIGA: 1.12 (-0.03)
Identifying Opportunity, Placing Risk - Analyst Notes on CTI BioPharma, Vitae Pharmaceuticals, Giga-tronics and ChannelAdvisor
ACCESSWIRE - Thu Dec 24, 6:55AM CST
NEW YORK, NY / ACCESSWIRE / December 24, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: CTI BioPharma Corp. (NASDAQ: CTIC), Vitae Pharmaceuticals Inc. (NASDAQ: VTAE), Giga-tronics Inc. (NASDAQ: GIGA) and ChannelAdvisor Corp. (NYSE: ECOM). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
ECOM: 14.85 (+0.15), VTAE: 10.54 (+0.15), CTIC: 0.40 (+0.01), GIGA: 1.12 (-0.03)
Company News for December 02, 2015
Zacks Equity Research - Zacks Investment Research - Wed Dec 02, 9:10AM CST
Companies in the News are: GIGA,LMT,AMZN,BLOX,HFFC,GWB
AMZN: 722.08 (+11.48), LMT: 240.00 (+1.83), HFFC: 19.64 (-0.31), BLOX: 19.00 (+0.52), GIGA: 1.12 (-0.03), GWB: 32.98 (+1.03)
Giga-tronics Introduces New Real Time Threat Emulation System
GlobeNewswire - Wed Dec 02, 5:30AM CST
Giga-tronics Incorporated ("the Company" announced today the release of the new Real Time Threat Emulation System. This system combines the unique multichannel fast-switching capabilities of Giga-tronics' Advanced Signal Generator hardware platform together with software based on decades of threat simulation.
GIGA: 1.12 (-0.03)
4 Stocks to Watch Today that are Trading Under $500M Market Cap
ACCESSWIRE - Tue Dec 01, 10:27AM CST
NEW YORK, NY / ACCESSWIRE / December 1, 2015 / StockMarketLeader.com is an investor alert service that exclusively highlights public companies on the NASDAQ & NYSE with strong upside potential. We are committed to providing the best recommendations in the market on a short and long term basis. Receive our free trade alerts via text message (SMS) and/or email at www.StockMarketLeader.com. Today we are focusing on four companies to watch that have been attracting the attention of investors.
NETE: 2.02 (+0.02), GBSN: 1.74 (-0.05), GIGA: 1.12 (-0.03), XOMA: 0.57 (+0.02)
Giga-tronics Signs Software Agreement With Lockheed Martin
GlobeNewswire - Tue Dec 01, 5:29AM CST
Giga-tronics Incorporated ("the Company" announced today that it has entered into a strategic software licensing arrangement with Lockheed Martin ("Lockheed Martin" to develop and license threat simulation software as a commercial product that brings advanced threat environment simulation capability to its new Advanced Signal Generator Hardware Platform. The Company expects to be shipping the Advanced Signal Generator with the new software package within 6 months. The Software and Hardware will be sold together as a Real-Time Threat Emulation System (Real-Time TEmS), for distribution to US customers only.
GIGA: 1.12 (-0.03)
Giga-tronics Receives $1.4 Million Order for Advanced Signal Generator Products
GlobeNewswire - Mon Nov 09, 3:03PM CST
Giga-tronics Incorporated announced today that it has received a $1.4 million order from a major prime contractor for its new Advanced Signal Generator. The Company anticipates fulfilling the order in the current fiscal year, under the expectation the Company gains an ISO9001 certification of its Supplier Quality Management System which the order requires.
GIGA: 1.12 (-0.03)
Giga-tronics Reports Second Quarter FY 2016 Results
GlobeNewswire - Mon Nov 09, 3:02PM CST
Giga-tronics Incorporated (Nasdaq:GIGA) reported today net sales for the second quarter of fiscal 2016 of $3.1 million, a 39% decrease as compared to $5.1 million for the second quarter of fiscal 2015. Net sales for the six month period ended September 26, 2015 were $7.4 million, a decrease of 23%, compared to $9.6 million for the six month period ended September 27, 2014. The decreases in net sales are primarily due to the winding down of a $6.2 million nonrecurring YIG engineering (NRE) order, a decrease in the size of the Navy 8003 orders, from $2.4 million in fiscal 2015 to $1.5 million in fiscal 2016, and delays in the second quarter of fiscal 2016 of shipments due to late arriving materials from our suppliers and technical issues associated with the new Advanced Signal Generator.
GIGA: 1.12 (-0.03)
Giga-tronics to Announce Second Quarter Earnings and a Conference Call on November 9, 2015
GlobeNewswire - Fri Oct 30, 1:19PM CDT
Giga-tronics Incorporated (NASDAQ:GIGA) will release results for the second quarter of fiscal year 2016 on Monday, November 9, 2015 after the close of trading on the NASDAQ Capital Market.
GIGA: 1.12 (-0.03)
Giga-tronics Reports First Quarter FY 2016 Results
GlobeNewswire - Tue Jul 28, 3:00PM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) reported today net sales for the first quarter of fiscal 2016 of $4.4 million, a 2% decrease as compared to $4.5 million for the first quarter of fiscal 2015. The decrease in quarterly net sales was primarily due to the winding down of a $6.2 million nonrecurring YIG engineering (NRE) order. An associated $10.0 million multi-year YIG production order is scheduled to start shipping in the summer of 2016.
GIGA: 1.12 (-0.03)
Giga-tronics Announces the Sale of its Switch Product Line to Astronics for $850,000
GlobeNewswire - Thu Jun 23, 3:02PM CDT
Giga-tronics Incorporated ("Giga-tronics"
(NASDAQ:GIGA) announced today an agreement for the sale of its Switch product line to Astronics Test Systems Inc. ("Astronics", a wholly owned subsidiary of Astronics Corporation (NASDAQ:ATRO). Upon signing, Astronics paid $850,000 for the intellectual property of the product line. Giga-tronics is estimating a net gain in the quarter ending June 25, 2016 of $650,000 after related expenses are subtracted from the sales price. Astronics is also purchasing approximately $500,000 of related materials inventory from Giga-tronics. The materials inventory will transfer throughout July and August of 2016. ATRO: 34.95 (+0.73), GIGA: 1.12 (-0.03)
Giga-tronics receives $3.3 Million Order for Advanced Signal Generator Products
GlobeNewswire - Mon Jun 06, 3:03PM CDT
Giga-tronics Incorporated announced today that it has received a $3.3 million order from the United States Navy based upon its Real-Time Threat Emulation System (Real-Time TEmS) which is a combination of its new Advanced Signal Generator Hardware Platform, along with software developed and licensed to the Company from a major aerospace and defense company. The complete order includes engineering services to integrate the Real-Time TEmS product with additional third party hardware and software for the customer. The Company expects to fulfill the order in the second half of the current fiscal year.
GIGA: 1.12 (-0.03)
Giga-tronics Reports Results for the Fourth Quarter and FY 2016
GlobeNewswire - Mon Jun 06, 3:02PM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) reported today net sales for the fourth fiscal quarter ended March 26, 2016 of $2.7 million, a decrease of 37% as compared to the $4.3 million reported for the fourth quarter of fiscal 2015. The Company's Microsource business unit (Microsource) saw a decrease of approximately $900,000 in net sales, from $1.8 million in the fourth quarter of fiscal 2015 to $904,000 in the fourth quarter of fiscal 2016, associated with a three month gap in high performance YIG RADAR filter production caused by the completion of an annual customer contract and the timing of the start of the next annual contract. Typical quarterly shipments of the YIG RADAR filters range from $1.2 to $2.5 million. YIG RADAR filter production and shipments are expected to return to normal volumes in the current quarter. The Company also saw a decrease of $598,000 in net sales of legacy product, from $2.0 million in the fourth quarter of fiscal 2015 to $1.4 million in fourth quarter of fiscal 2016, due the transition Power Meter, Amplifiers, Sensors, and legacy Signal Generator product lines to Spanawave Corporation ("Spanawave"
. The Company announced the product line sales on January 4, 2016, and is currently transitioning the manufacturing capabilities to Spanawave. Sales of the new Advance Signal Generator (ASG) decreased approximately $101,000, from $499,000 in the fourth quarter of fiscal 2015 to $398,000 in the fourth quarter of fiscal 2016, due to a delay in completing an additional feature. GIGA: 1.12 (-0.03)
Giga-tronics to Announce Fourth Quarter Earnings and a Conference Call on June 6, 2016
GlobeNewswire - Tue May 24, 8:15AM CDT
Giga-tronics Incorporated (NASDAQ:GIGA) will release results for the fourth quarter of fiscal year 2016 on Monday June 6, 2016 after the close of trading on the NASDAQ Capital Market.
GIGA: 1.12 (-0.03)
Giga-tronics Microsource Business Unit Regains AS9100C Quality Certification
GlobeNewswire - Wed May 04, 8:25AM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) announced today that its Microsource Business Unit regained AS9100C certification of its Supplier Quality Management System. The AS9100C Certification is commonly required in the aircraft manufacturing industry. The Company's Microsource division sells components used on military aircrafts to two major customers that require such certification. During the lapse in certification the Company worked with one of the major customers to allow continued shipping and orders. The Company was pursuing a similar solution with the second customer, but this is no longer required with the regained certification.
GIGA: 1.12 (-0.03)
Giga-tronics Receives $4.5 Million Order for High Performance YIG Tuned Filter Products
GlobeNewswire - Fri Apr 15, 3:06PM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) announced today that it has received a $4.5 million order extending ongoing production of its high performance YIG filters for a major aerospace company. The Company will start shipments this month, and expects the order will take 9 to 12 months to fulfill. John Regazzi, President and CEO of Giga-tronics, said "We are pleased to see a 50% increase over the $3.0 million order we received last year associated with this program, demonstrating our customer's continued confidence in Giga-tronics to deliver this sole sourced product on time, while meeting their high standards for quality and reliability."
GIGA: 1.12 (-0.03)
Giga-tronics Announces Preliminary Results for the Fourth Quarter FY 2016
GlobeNewswire - Fri Apr 15, 3:05PM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) announced today preliminary results for the fourth quarter of fiscal 2016, which ended March 26, 2016. Net sales for the fourth quarter are expected to be in the range of $2.5 million to $2.7 million, compared to quarterly net sales ranging from $3.1 million to $4.5 million over the prior four quarters. The net loss for the fourth quarter is expected to be between $1.6 million to $1.8 million.
GIGA: 1.12 (-0.03)
Giga-tronics Reports Third Quarter FY 2016 Results
GlobeNewswire - Thu Feb 04, 3:02PM CST
Giga-tronics Incorporated (Nasdaq:GIGA) reported today net sales for the third fiscal quarter ended December 26, 2015 of $4.5 million, which was the same as the $4.5 million reported for the third quarter of fiscal 2015. In the third quarter of fiscal 2016 the Company recorded $1.3 million of sales of its new Advanced Signal Generator (ASG) product, which was offset by the winding down of a $6.2 million nonrecurring YIG engineering order (NRE Order) received in the first quarter of fiscal 2015 in which the majority of the associated revenue was earned throughout fiscal 2015.
GIGA: 1.12 (-0.03)
Giga-tronics to Announce Third Quarter Earnings and a Conference Call on February 4, 2016
GlobeNewswire - Tue Jan 26, 11:03AM CST
Giga-tronics Incorporated (NASDAQ:GIGA) will release results for the third quarter of fiscal year 2016 on Thursday February 4, 2016 after the close of trading on the NASDAQ Capital Market.
GIGA: 1.12 (-0.03)
Giga-tronics Announces the Sale of Multiple Product Lines to Spanawave
GlobeNewswire - Mon Jan 04, 7:25AM CST
Giga-tronics Incorporated ("Giga-tronics"
(NASDAQ:GIGA) announced today the sale of its Power Meter, Amplifiers, Sensors, and legacy Signal Generator product lines to Spanawave Corporation ("Spanawave". The product lines will transfer to Spanawave sequentially in phases beginning with certain sensor and amplifier products (effective immediately), with the final product line transfer (legacy Signal Generators) estimated to be completed in July 2016. Payments totaling $1.5 million will be made by Spanawave to Giga-tronics over the phased transition period with one-half of the payments ($750,000) expected to be received between June and July 2016. In addition, Spanawave will be purchasing existing inventory for these products in phases. Giga-tronics will continue to manufacture the related products until the respective product line transfer is complete. GIGA: 1.12 (-0.03)
Identifying Opportunity, Placing Risk - Analyst Notes on CTI BioPharma, Vitae Pharmaceuticals, Giga-tronics and ChannelAdvisor
ACCESSWIRE - Thu Dec 24, 6:55AM CST
NEW YORK, NY / ACCESSWIRE / December 24, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: CTI BioPharma Corp. (NASDAQ: CTIC), Vitae Pharmaceuticals Inc. (NASDAQ: VTAE), Giga-tronics Inc. (NASDAQ: GIGA) and ChannelAdvisor Corp. (NYSE: ECOM). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
ECOM: 14.85 (+0.15), VTAE: 10.54 (+0.15), CTIC: 0.40 (+0.01), GIGA: 1.12 (-0.03)
Company News for December 02, 2015
Zacks Equity Research - Zacks Investment Research - Wed Dec 02, 9:10AM CST
Companies in the News are: GIGA,LMT,AMZN,BLOX,HFFC,GWB
AMZN: 722.08 (+11.48), LMT: 240.00 (+1.83), HFFC: 19.64 (-0.31), BLOX: 19.00 (+0.52), GIGA: 1.12 (-0.03), GWB: 32.98 (+1.03)
Giga-tronics Introduces New Real Time Threat Emulation System
GlobeNewswire - Wed Dec 02, 5:30AM CST
Giga-tronics Incorporated ("the Company"
announced today the release of the new Real Time Threat Emulation System. This system combines the unique multichannel fast-switching capabilities of Giga-tronics' Advanced Signal Generator hardware platform together with software based on decades of threat simulation. GIGA: 1.12 (-0.03)
4 Stocks to Watch Today that are Trading Under $500M Market Cap
ACCESSWIRE - Tue Dec 01, 10:27AM CST
NEW YORK, NY / ACCESSWIRE / December 1, 2015 / StockMarketLeader.com is an investor alert service that exclusively highlights public companies on the NASDAQ & NYSE with strong upside potential. We are committed to providing the best recommendations in the market on a short and long term basis. Receive our free trade alerts via text message (SMS) and/or email at www.StockMarketLeader.com. Today we are focusing on four companies to watch that have been attracting the attention of investors.
NETE: 2.02 (+0.02), GBSN: 1.74 (-0.05), GIGA: 1.12 (-0.03), XOMA: 0.57 (+0.02)
Giga-tronics Signs Software Agreement With Lockheed Martin
GlobeNewswire - Tue Dec 01, 5:29AM CST
Giga-tronics Incorporated ("the Company"
announced today that it has entered into a strategic software licensing arrangement with Lockheed Martin ("Lockheed Martin" to develop and license threat simulation software as a commercial product that brings advanced threat environment simulation capability to its new Advanced Signal Generator Hardware Platform. The Company expects to be shipping the Advanced Signal Generator with the new software package within 6 months. The Software and Hardware will be sold together as a Real-Time Threat Emulation System (Real-Time TEmS), for distribution to US customers only. GIGA: 1.12 (-0.03)
Giga-tronics Receives $1.4 Million Order for Advanced Signal Generator Products
GlobeNewswire - Mon Nov 09, 3:03PM CST
Giga-tronics Incorporated announced today that it has received a $1.4 million order from a major prime contractor for its new Advanced Signal Generator. The Company anticipates fulfilling the order in the current fiscal year, under the expectation the Company gains an ISO9001 certification of its Supplier Quality Management System which the order requires.
GIGA: 1.12 (-0.03)
Giga-tronics Reports Second Quarter FY 2016 Results
GlobeNewswire - Mon Nov 09, 3:02PM CST
Giga-tronics Incorporated (Nasdaq:GIGA) reported today net sales for the second quarter of fiscal 2016 of $3.1 million, a 39% decrease as compared to $5.1 million for the second quarter of fiscal 2015. Net sales for the six month period ended September 26, 2015 were $7.4 million, a decrease of 23%, compared to $9.6 million for the six month period ended September 27, 2014. The decreases in net sales are primarily due to the winding down of a $6.2 million nonrecurring YIG engineering (NRE) order, a decrease in the size of the Navy 8003 orders, from $2.4 million in fiscal 2015 to $1.5 million in fiscal 2016, and delays in the second quarter of fiscal 2016 of shipments due to late arriving materials from our suppliers and technical issues associated with the new Advanced Signal Generator.
GIGA: 1.12 (-0.03)
Giga-tronics to Announce Second Quarter Earnings and a Conference Call on November 9, 2015
GlobeNewswire - Fri Oct 30, 1:19PM CDT
Giga-tronics Incorporated (NASDAQ:GIGA) will release results for the second quarter of fiscal year 2016 on Monday, November 9, 2015 after the close of trading on the NASDAQ Capital Market.
GIGA: 1.12 (-0.03)
Giga-tronics Reports First Quarter FY 2016 Results
GlobeNewswire - Tue Jul 28, 3:00PM CDT
Giga-tronics Incorporated (Nasdaq:GIGA) reported today net sales for the first quarter of fiscal 2016 of $4.4 million, a 2% decrease as compared to $4.5 million for the first quarter of fiscal 2015. The decrease in quarterly net sales was primarily due to the winding down of a $6.2 million nonrecurring YIG engineering (NRE) order. An associated $10.0 million multi-year YIG production order is scheduled to start shipping in the summer of 2016.
GIGA: 1.12 (-0.03)
