Giga Tronics Inc (GIGA) financial statements (2021 and earlier)

Company profile

Business Address 5990 GLEASON DR
DUBLIN, CA 94568
State of Incorp. CA
Fiscal Year End March 31
SIC 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3486578781,4851,4211,3311,170
Cash and cash equivalents1,3486578781,4851,4211,3311,170
Receivables2129325683649542,1292,354
Inventory, net of allowances, customer advances and progress billings3,1363,2612,7345,4874,8115,6943,365
Inventory3,1363,2612,7345,4874,8115,6943,365
Other undisclosed current assets2,3932,2091,35487452327373
Total current assets:7,0897,0595,5347,4237,6389,4817,262
Noncurrent Assets
Operating lease, right-of-use asset9461,183
Property, plant and equipment456508569833528837718
Deferred costs    733876 
Other noncurrent assets176176176175175874
Total noncurrent assets:1,5781,8677451,0081,4361,721792
TOTAL ASSETS:8,6678,9266,2798,4319,07411,2028,054
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9091,1371,2231,5031,8132,6311,727
Accounts payable1,3448037479961,1071,924973
Accrued liabilities5034 1641236076
Employee-related liabilities515300476343583647678
Deferred revenue 159
Debt2731,3201,8221,499632423880
Deferred rent credit  7458
Deferred revenue and credits 3,6142,9141,254
Other liabilities331364754947707996501
Other undisclosed current liabilities390392403,802252740(76)
Total current liabilities:2,9033,3723,9137,8097,0187,7044,286
Noncurrent Liabilities
Long-term debt and lease obligation8041,1352162114165450
Long-term debt, excluding current maturities      392
Capital lease obligations216211416558
Operating lease, liability8041,135
Liabilities, other than long-term debt30119530429222353363
Deferred revenue and credits   111
Deferred rent credit  358429
Other liabilities30119172    
Derivative instruments and hedges, liabilities    222353252
Total noncurrent liabilities:8341,254551491336518813
Total liabilities:3,7374,6264,4648,3007,3548,2225,099
Stockholders' equity
Stockholders' equity attributable to parent, including:4,9304,3001,8151311,7202,9802,955
Common stock32,15731,95225,55725,20024,39024,10419,975
Accumulated deficit(30,149)(30,574)(28,548)(28,682)(25,581)(24,035)(19,931)
Other undisclosed stockholders' equity attributable to parent2,9222,9224,8063,6132,9112,9112,911
Total stockholders' equity:4,9304,3001,8151311,7202,9802,955
TOTAL LIABILITIES AND EQUITY:8,6678,9266,2798,4319,07411,2028,054

Income statement (P&L) ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues14,46911,76811,1489,80016,26714,5961,467
Revenue, net 16,26714,59618,452
Cost of revenue(9,026)(7,180)(6,425)(7,064)(11,716)(9,975)(10,445)
Cost of goods and services sold(9,026)(7,180)(6,425)    
Other undisclosed gross profit      16,985
Gross profit:5,4434,5884,7232,7364,5514,6218,007
Operating expenses(5,627)(5,021)(5,011)(5,870)(6,895)(8,328)(7,993)
Other operating income, net
(Other Expenses)
      1,386
Other undisclosed operating loss      (1,386)
Operating income (loss):(184)(433)(288)(3,134)(2,344)(3,707)14
Nonoperating expense
(Other Nonoperating expense)
      (2)
Interest and debt expense705(5)     
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes274(247)(713)35800(395)(1,638)
Income (loss) from continuing operations before income taxes:795(685)(1,001)(3,099)(1,544)(4,102)(1,626)
Income tax expense (benefit)38(2)(42)(2)(2)(2)(47)
Net income (loss) attributable to parent:833(687)(1,043)(3,101)(1,546)(4,104)(1,673)
Preferred stock dividends and other adjustments(9)(94) (557)   
Other undisclosed net loss available to common stockholders, basic(1,339)(1,245)     
Net loss available to common stockholders, diluted:(515)(2,026)(1,043)(3,658)(1,546)(4,104)(1,673)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):833(687)(1,043)(3,101)(1,546)(4,104)(1,673)
Comprehensive income (loss), net of tax, attributable to parent:833(687)(1,043)(3,101)(1,546)(4,104)(1,673)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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