Revenue Update on Giga-tronics Incorporated(NASDAQ:GIGA)

Giga-tronics Incorporated(NASDAQ:GIGA) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Feb 6, 2017. Earnings per share were $-0.06.

Giga-tronics Incorporated (GIGA) shares turned negative on Tuesdays trading session with the shares closing down -0.18 points or -16.82% at a volume of 2,21,487. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.9499. The peak price level was also seen at $0.9499 while the days lowest was $0.8201. Finally the shares closed at $0.89. The 52-week high of the shares is $1.53 while the 52-week low is $0.5999. According to the latest information available, the market cap of the company is $8.5 M.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Garrett A Garrettson (director) sold 1,000 shares at $1.04 per share price.Also, On Aug 15, 2016, Michael Penta (Vice President of Sales) sold 29,000 shares at $1.04 per share price.On Feb 2, 2016, John R Regazzi (CEO) purchased 80,400 shares at $1.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Giga-tronics Incorporated (Giga-tronics) includes the operations of the Giga-tronics Division and Microsource Inc. (Microsource) a wholly owned subsidiary. Giga-tronics Division designs manufactures and markets a line of test and measurement equipment used in the development test and maintenance of wireless communications products and systems flight navigational equipment electronic defense systems and automatic testing systems. These products are used primarily in the design production repair and maintenance of commercial telecommunications radar and electronic warfare equipment. The Company manufactures products used in test measurement and control. The Company has two segments: Giga-tronics Division and Microsource. The Giga-tronics Division produces signal sources generators and sweepers and power measurement instruments. The Microsource segment develops and manufactures a line of yttrium iron garnet (YIG) tuned oscillators filters and microwave synthesizers.

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