Giga-tronics (GIGA) Reports Q1 Loss of $0.05, to Review Alternatives, CEO to Transition to Chairman
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Giga-tronics Reports Results for the Fourth Quarter and FY 2017
June 20, 2017 4:05 PM EDTDUBLIN, Calif., June 20, 2017 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (Nasdaq: GIGA) (the Company) reported today net sales for the fourth fiscal quarter ended March 25, 2017 of $5.2 million, a 93% increase as compared to $2.7 million for the fourth quarter of fiscal 2016. The increase in fourth quarter net sales over the prior year period was primarily due to the fulfillment of a $3.3 million order from the United States Navy for the Companys Real-Time Threat Emulation System, part of the Companys new Advanced Signal Generator (ASG) product line.
Net sales for the fiscal year ended March 25,... More
