Giga-tronics, Inc. (GIGA) Reports Q4 EPS of $0.03
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Giga-tronics Reports Results for the Fourth Quarter and FY 2015
May 18, 2015 4:00 PM EDTSAN RAMON, Calif., May 18, 2015 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (Nasdaq: GIGA) reported today net sales for the fourth quarter of fiscal 2015 increased 48% to $4.3 million, as compared to $2.9 million for the fourth quarter of fiscal 2014. The increase in quarterly net sales was primarily due to a $771,000 increase in sales of radar filter components associated with two fighter jet programs, and $499,000 associated with initial customer acceptance of the Company's new Advanced Signal Generation System.
Net sales for the fiscal year 2015 increased 39% to $18.5 million, as compared to $13.3 million for the fiscal year 2014. The increase... More
