Giga-tronics Announces Receipt of Orders Totaling $2.9 Million and Preliminary Operating Results for Second Quarter Fiscal 2020
GIGA-TRONICS INC (GIGA)
US:NASDAQ Investor Relations:
investor.gigatronics.com
Company Research
Source: GlobeNewswire
DUBLIN, Calif., Oct. 14, 2019 (GLOBE NEWSWIRE) -- (OTCQB: GIGA) —Giga-tronics Incorporated (the “Company”) announced today that it has received orders totaling $2.9 million from the Boeing Company. The orders are for high performance RADAR filters which are a part of the Company’s custom microwave products used in airborne military applications. The Company also announced preliminary operating results for the second quarter of fiscal 2020 which ended September 28, 2019. Net sales are expected to be approximately $3.0 million, an increase of approximately 12% versus the same quarter last year. Operating income for the second quarter is expected to be approximately $125,000. About Giga-tronics Incorporated Giga-tronics produces sophisticated test and measurement equipment primarily used in electronic warfare test & emulation applications as well as YIG (Yttrium, Iron, Garnet) tuned oscillators, RADAR filters, and microwave synthesizers for use in military defense applications.
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