Giga-tronics Announces Receipt of Orders Totaling $3.7 Million and Preliminary Operating Results for First Quarter Fiscal 2020
GIGA-TRONICS INC (GIGA)
US:NASDAQ Investor Relations:
investor.gigatronics.com
Company Research
Source: GlobeNewswire
DUBLIN, Calif., July 16, 2019 (GLOBE NEWSWIRE) -- (OTCQB: GIGA) -- Giga-tronics Incorporated (the “Company”) announced today that it has received two orders totaling $3.74 million from Lockheed Martin and Raytheon. The orders are for Microwave Integrated Components (MICs) used in airborne military applications. The Company also announced today preliminary operating results for the first quarter of fiscal 2020 which ended June 29, 2019. Net sales are expected to be approximately $3.5 million. Operating income for the first quarter is expected to be approximately $100,000. While the orders reported above were received during the first quarter of fiscal 2020, the Company recognized no revenue during the quarter with respect to these orders. The Company will issue a more complete earnings release with commentary for the first quarter of fiscal 2020 and host a conference call the week of August 5, 2019. About Giga-tronics Incorporated Giga-tronics is a publicly held company, traded
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