GIGA-TRONICS INC - GIGA STOCK NEWS

Dublin, Calif., March 11, 2022 - Giga-tronics (OTCQB: GIGA) announced participation in the 34th Annual Roth Conference from March 13-15, 2022, at the Ritz Carlton, Laguna Niguel. Lutz Henckels, CFO and COO, and Jonathan Read, CEO of Gresham Worldwide, will engage in one-on-one meetings to discuss the future plans of the combined company. The event will feature small group meetings, themed panels, and presentations from around 400 companies across sectors like Blockchain, Healthcare, and Technology. Interested parties can register at the provided link.

Giga-tronics Incorporated (OTCQB: GIGA) reported a 51% decline in third-quarter revenue, totaling $2.0 million, compared to $4.1 million in Q3 of fiscal 2021. The company experienced significant drops in Microsource filter revenue and RADAR/EW test revenue. Gross profit fell to $736,000, while net loss for the quarter was ($795,000), translating to ($0.29) per share. The year-to-date revenue also decreased by 26% to $7.6 million. Despite challenges, the company is optimistic about its upcoming acquisition of Gresham Worldwide, which could enhance growth and revenue opportunities.

Giga-tronics (OTCQB:GIGA) will announce its financial results for the third fiscal quarter ended December 25, 2021, on February 8, 2022, post-market close. The company will also conduct a conference call at 4:30 p.m. EST the same day to review its results and update operations. Interested participants can dial in using the provided numbers. Giga-tronics specializes in electronic warfare test solutions and RADAR filters used in defense applications, underscoring its pivotal role in the defense industry.

DUBLIN, Calif., Jan. 11, 2022 - Giga-tronics Incorporated (OTCQB: GIGA) will hold a conference call and webcast on January 13 at 4:30 p.m. ET to discuss its share exchange agreement with BitNile Holdings and Gresham Worldwide, Inc. This transaction will merge Giga's advanced RADAR and Electronic Warfare systems with Gresham's electronic solutions for military applications. Interested parties can access the webcast or dial in for the call, with a replay available until January 27, 2022.

Giga-tronics (OTCQB: GIGA) has entered into a Share Exchange Agreement with BitNile Holdings and its subsidiary Gresham Worldwide, aiming to boost its revenue by over 250%. This strategic acquisition will combine Giga's sophisticated RADAR and Electronic Warfare systems with Gresham's bespoke electronic solutions for defense applications. The merger is anticipated to yield approximately $40 million in revenue for the 12 months ending March 2023 and expand their global market footprint, with operations and over 60 defense industry customers worldwide.

Giga-tronics (OTCQB: GIGA) reported second-quarter fiscal 2022 revenue of $3.6 million, a 33% increase year-over-year and 74% sequentially. Microsource filter sales rose 75% over the previous year, while RADAR/EW test revenue fell to $297,000. Gross profit improved to $1.3 million from $1.0 million due to higher sales. Net income was $62,000, reversing a loss from last year, and adjusted EBITDA saw a positive shift to $238,000. However, net revenue for the first six months declined 10% to $5.6 million, with a net loss of $798,000.

On November 9, 2021, Giga-tronics (OTCQB:GIGA) will release its financial results for the second fiscal quarter ended September 25, 2021, after market close. The company will also hold a conference call at 4:30 p.m. EST to discuss these results and provide operational updates. Interested participants can join the call by dialing (888) 517-2513 or (847) 619-6533 with PIN Code 9015656#. Giga-tronics specializes in electronic warfare test solutions and RADAR filters for the defense sector, headquartered in Dublin, California.

Giga-tronics Incorporated (OTCQB:GIGA) will hold a conference call on August 11, 2021, at 4:30 p.m. EDT to discuss Q1 fiscal year 2022 results, ending June 26, 2021, and update on company operations. Participants can join by calling (888) 517-2470 or (630) 827-6818, using PIN Code 8885221#. It is recommended to call in five to ten minutes early. A replay will be available on the Giga-tronics website under “Investor Relations.” The company specializes in electronic warfare test solutions for the defense industry and RADAR filters for fighter aircraft.

Giga-tronics (GIGA) reported receiving orders worth $4.3 million since the start of the 2022 fiscal year. Key orders include $726,000 for a missile defense component and $2.5 million for F-15 RADAR filters. The company anticipates revenue recognition as development progresses and expects substantial engineering work to be completed within the fiscal year. Additional orders for the COMPASS digital system and synthesizer products total $604,000. These developments suggest a strong growth trajectory for Giga-tronics.