Giga-tronics (GIGA) Reports Q4 Loss of $0.18/Share
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June 6, 2016 4:03 PM EDT
SAN RAMON, Calif. , June 06, 2016 (GLOBE NEWSWIRE) -- 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... More
June 6, 2016 4:02 PM EDT
SAN RAMON, Calif., June 06, 2016 (GLOBE NEWSWIRE) -- 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 Companys 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... More
