Welcome to our dedicated page for GIGA-TRONICS news (Ticker: GIGA), a resource for investors and traders seeking the latest updates and insights on GIGA-TRONICS stock.
Giga-Tronics Inc (NASDAQ: GIGA) has been a key player in solving radar and electronic warfare challenges for over 35 years. They specialize in real-time threat emulation, radar target generation, and flight-ready electronic warfare equipment. With a focus on performance microwave design and manufacturing, Giga-Tronics is ISO 9001 and AS 9100 certified, based in Dublin, California.
Rhea-AI Summary
Gresham Worldwide and Ault Disruptive Technologies have agreed to merge, forming a new entity named Gresham Worldwide.
The combined company will have an enterprise value of approximately $83 million and expects up to $1 million in additional cash, assuming no redemptions by Ault’s public stockholders. The merger is anticipated to close in Q4 2024 and the combined entity will be listed on NYSE American under the ticker 'GWWI.'
Gresham stockholders will retain 100% of their equity and hold about 66% of the new company. The merger aims to capitalize on Gresham's 20% annual revenue growth and bolster its operations in defense and healthcare sectors, with a $40 million order backlog and expansion into NATO defense products.
Jonathan Read and Lutz P. Henckels will lead the combined company as CEO and CFO, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
55.56%
Tags
-
Rhea-AI Summary
Ault Alliance, Inc. reports strong performance from its subsidiary Gresham Worldwide, with substantial growth in sales demand and backlog driven by robust order inquiry and market segment activity in defense businesses. Gresham's Israeli subsidiary, Enertec Systems 2001 , is a key contributor to the growth, with estimated total backlog of $46 million as of March 31, 2024. Annual revenue is expected to exceed $50 million for 2024, showcasing Gresham's commitment to innovation and technological advancements in defense technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.14%
Tags
-
Rhea-AI Summary
Gresham Worldwide, Inc. (GIGA) appoints Nissim Ovadia as CEO of Enertec Systems 2001, , showcasing his successful track record and expertise in driving record growth. The appointment ensures a seamless transition and continuity for the defense and medical technology businesses, highlighting the company's commitment to stakeholders and customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Ault Alliance, Inc. (NYSE American: AULT) announces Giga-tronics, Inc. (OTCQB: GIGA), referred to as Gresham Worldwide, projects over $50 million in annual revenue driven by its defense business in 2024, supported by a robust backlog currently at approximately $50 million. The revenue projection is attributed to escalating global conflicts, with a notable surge in demand coming from Israel and Europe. Gresham Worldwide’s Israeli subsidiary, Enertec Systems 2001 Ltd., has recently secured a $20 million order to be completed over the next three years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
140%
Tags
-
Rhea-AI Summary
Gresham Worldwide (OTCQB: GIGA) announces Microphase Corporation has received $5.4 million orders for RF filters from a major defense contractor. The technology will be used to counter improvised explosive devices for the U.S. military, with deliveries starting in Q1 2024 and continuing throughout the year. CEO Jonathan Read emphasizes the validation of Gresham's strategic focus on mission critical solutions, while COO Timothy Long expects positive impact on Microphase's backlog, revenue, and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.41%
Tags
-
Rhea-AI Summary
Giga-tronics subsidiary, Enertec Systems, has been chosen to supply bespoke systems to a major strategic customer under a $20 million contract. Enertec received a $5 million advance order and a $1.5 million order for immediate delivery. Delivery against these orders is expected to have a positive impact on Enertec's backlog, revenue, and profitability in the coming years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15%
Tags
Rhea-AI Summary
Gresham Worldwide reports Q3 2023 bookings of $15.4 million, a 52% increase from the previous quarter. Backlog at quarter end rises to $33.7 million, a 21% increase. Strong performance attributed to robust orders in missile defense, med device, and electronic countermeasures systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
42.86%
Tags
-
Rhea-AI Summary
Gresham Worldwide reports a 52% increase in Q3 orders, reaching $15.4 million and a 21% increase in backlog to $33.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
42.86%
Tags
-
Rhea-AI Summary
Ault Alliance's subsidiary, Giga-tronics, has filed an amended registration statement with the SEC regarding the previously announced dividend of almost seven million shares of GIGA common stock to its stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.41%
Tags
Rhea-AI Summary
Ault Alliance's subsidiary, Gresham Worldwide, reported bookings of over $10.2 million for the second quarter of 2023, driven by orders from defense and medical customers. The company expects increasing demand for precision electronics throughout 2023 and into 2024. Gresham Worldwide ended the quarter with an order backlog of $28 million, setting the stage for continued growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
FAQ
What is the current stock price of GIGA-TRONICS (GIGA)?
The current stock price of GIGA-TRONICS (GIGA) is $0.0078 as of October 15, 2024.
What is the market cap of GIGA-TRONICS (GIGA)?
The market cap of GIGA-TRONICS (GIGA) is approximately 61.9K.
What is Giga-Tronics Inc known for?
Giga-Tronics is known for solving radar and electronic warfare challenges through real-time threat emulation, radar target generation, and flight-ready electronic warfare equipment.
Where is Giga-Tronics Inc headquartered?
Giga-Tronics Inc is headquartered in Dublin, California.
How long has Giga-Tronics Inc been in operation?
Giga-Tronics Inc has been in operation for over 35 years.
Is Giga-Tronics Inc ISO certified?
Yes, Giga-Tronics Inc is ISO 9001 and AS 9100 certified.
What services does Giga-Tronics Inc provide?
Giga-Tronics Inc provides services in radar target generation, electronic warfare equipment, and microwave design.
Where can I find more information about Giga-Tronics Inc products?
Please visit Giga-Tronics at go-asg.gigatronics.com for more information about their products.
What sets Giga-Tronics Inc apart from other companies?
Giga-Tronics Inc stands out for its strong legacy in performance microwave design and manufacturing.
Who are the key clients of Giga-Tronics Inc?
Giga-Tronics Inc caters to clients in the radar and electronic warfare industry.
Does Giga-Tronics Inc work on any specific projects?
Giga-Tronics Inc works on projects related to radar, electronic warfare, and microwave design.
What is the stock symbol for Giga-Tronics Inc?
The stock symbol for Giga-Tronics Inc is NASDAQ: GIGA.
GIGA-TRONICS INC
OTC:GIGA
GIGA Rankings
GIGA Stock Data
61.87k
2.27M
71.19%
Scientific & Technical Instruments
Technology
United States of America
Scottsdale