Giga-Tronics, Inc. (GIGA) Reports Q2 Loss of $0.04/Share

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Giga-tronics Reports First Quarter FY 2015 Results

August 4, 2014 4:00 PM EDT

SAN RAMON, Calif., Aug. 4, 2014 (GLOBE NEWSWIRE) -- Giga-tronics Incorporated (Nasdaq: GIGA) reported today net sales of $4.5 million for the first quarter of fiscal 2015, an increase of 50% when compared to $3.0 million for the first quarter of fiscal 2014, and 55% when compared to $2.9 million in the immediately preceding quarter ended March 29, 2014. Initial deliveries associated with two large orders received earlier within the first quarter of fiscal 2015 were responsible for the increase in net sales when compared to the two other periods.

Operating loss for the first quarter of fiscal 2015 was $118,000, an improvement of $1.4 million when... More