Giga-tronics (GIGA) Reports Q3 Loss of $0.09

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Giga-tronics Reports Third Quarter FY 2016 Results

February 4, 2016 4:02 PM EST

SAN RAMON, Calif., Feb. 04, 2016 (GLOBE NEWSWIRE) -- 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... More