Brief: Giga-Tronics Q1 sales fell 41 pct to $2.0 mln

Gresham Worldwide

04/08/2017 21:02

Aug 4 (Reuters) - Giga-Tronics Inc  GIGA.O : 
    * Giga-Tronics reports results for the first quarter FY 2018 
    * Q1 loss per share $0.13 
    * Q1 sales fell 41 percent to $2.0 million 
    * Giga-Tronics Inc - experienced delays with ASG orders in 
Q1 ended June 24, 2017 
    * Giga-Tronics Inc - expects to fulfill combined orders, 
worth approximately $2.2 million in current fiscal year 
    * Giga-Tronics Inc - it was not able to completely offset 
shortfall from lack of backlog for advanced signal generators in 
quarter 
    * Giga-Tronics Inc - got 1 of expected follow on orders from 
United States Navy for co's real-time threat emulation system; 
order worth $1.7 million 
 
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Further company coverage:  GIGA.O  
 
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