Giga Tronics Inc (GIGA) financial statements (2022 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)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments316648 7361,348405642
Cash and cash equivalents316648 7361,348405642
Receivables1,8432,593 1,9212121,0211,108
Inventory, net of allowances, customer advances and progress billings4,6454,4464,4043,6013,1363,1663,004
Inventory4,6454,4464,4043,6013,1363,1663,004
Prepaid expense4064 100   
Other undisclosed current assets    2,3932,4383,052
Total current assets:6,8447,7514,4046,3587,0897,0307,806
Noncurrent Assets
Operating lease, right-of-use asset609696 8659461,0271,106
Property, plant and equipment370400 455456458466
Other noncurrent assets308255 169176176176
Total noncurrent assets:1,2871,351 1,4891,5781,6611,748
Other undisclosed assets  3,807    
TOTAL ASSETS:8,1319,1028,2117,8478,6678,6919,554
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7841,664471,5411,9091,4721,226
Accounts payable1,1651,174 1,0441,3441,030761
Accrued liabilities39474751504437
Employee-related liabilities580443 446515398428
Deferred revenue 1 7  147
Debt670955 6832731,4901,854
Other liabilities247270 279331330375
Other undisclosed current liabilities437419 394390386388
Total current liabilities:3,1383,309472,9042,9033,6783,990
Noncurrent Liabilities
Long-term debt and lease obligation328450 6908049161,026
Operating lease, liability328450 6908049161,026
Liabilities, other than long-term debt4  6306090
Other liabilities4  6306090
Other undisclosed noncurrent liabilities (450)     
Total noncurrent liabilities:332450 6968349761,116
Total liabilities:3,4703,759473,6003,7374,6545,106
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6615,3433,5274,2474,9304,0374,448
Common stock34,60334,490 32,30632,15732,09432,028
Accumulated deficit(32,777)(31,982) (30,981)(30,149)(30,979)(30,502)
Other undisclosed stockholders' equity attributable to parent2,8352,8353,5272,9222,9222,9222,922
Total stockholders' equity:4,6615,3433,5274,2474,9304,0374,448
TOTAL LIABILITIES AND EQUITY:8,1319,1023,5747,8478,6678,6919,554

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

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
Revenues1,9743,5672,0503,8874,0842,6923,548
Cost of revenue
(Cost of Goods and Services Sold)
(1,238)(2,247)(1,250)(2,823)(2,527)(1,652)(2,034)
Gross profit:7361,3208001,0641,5571,0401,514
Operating expenses(1,514)(1,283)(1,500)(2,312)(1,494)(1,480)(1,406)
Operating income (loss):(778)37(700)(1,248)63(440)108
Nonoperating income (expense) 46(111)    
Interest and debt expense   975770(32)(33)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (3)(96)   
Income (loss) from continuing operations before equity method investments, income taxes:(778)83(814)(369)833(472)75
Other undisclosed loss from continuing operations before income taxes(13)(12)     
Income (loss) from continuing operations before income taxes:(791)71(814)(369)833(472)75
Income tax expense(2)(7)   (2) 
Net income (loss) attributable to parent:(793)64(814)(369)833(474)75
Preferred stock dividends and other adjustments(2)(2)(3)77(3)(3)(3)
Other undisclosed net income (loss) available to common stockholders, basic  (43)1,245   
Net income (loss) available to common stockholders, diluted:(795)62(860)953830(477)72

Comprehensive Income ($ in thousands)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
Net income (loss):(793)64(814)(369)833(474)75
Comprehensive income (loss), net of tax, attributable to parent:(793)64(814)(369)833(474)75

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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