Giga Tronics Inc (GIGA) Financial Statements (2025 and earlier)

Company Profile

Business Address 5990 GLEASON DR
DUBLIN, CA 94568
State of Incorp. CA
Fiscal Year End December 31
Industry (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)

3/31/2024
MRQ
12/31/2023
12/31/2022
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6012,19525736657878
Cash and cash equivalent3,6012,19525736657878
Receivables4,2946,7441,9101,921932568
Inventory, net of allowances, customer advances and progress billings6,3797,6954,8533,6013,2612,734
Inventory6,3797,6954,8533,6013,2612,734
Prepaid expense   62100  
Other undisclosed current assets4,9203,104  2,2091,354
Total current assets:19,19419,7386,8506,3587,0595,534
Noncurrent Assets
Operating lease, right-of-use asset3,0233,9405218651,183
Property, plant and equipment1,7082,240341455508569
Intangible assets, net (including goodwill)7,50112,530    
Goodwill5,7949,054    
Intangible assets, net (excluding goodwill)1,7073,476    
Other noncurrent assets506506343169176176
Total noncurrent assets:12,73819,2161,2051,4891,867745
TOTAL ASSETS:31,93238,9548,0557,8478,9266,279
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,6716,9132,7461,5411,1371,223
Employee-related liabilities608446300476
Accounts payable   1,5301,044803747
Accrued liabilities  3,2266085134 
Other undisclosed accounts payable and accrued liabilities8,6713,687    
Deferred revenue1,609  7159
Debt 1,4771,7971,2506831,3201,822
Deferred rent credit      74
Other liabilities2,0524,254241279364754
Other undisclosed current liabilities6,3221,067(123)39439240
Total current liabilities:20,13114,0314,1142,9043,3723,913
Noncurrent Liabilities
Long-term debt and lease obligation2003222066901,13521
Long-term debt, excluding current maturities200322    
Capital lease obligations21
Liabilities, other than long-term debt3,66713,260106119530
Deferred rent credit      358
Due to related parties10,008    
Other liabilities1,333238106119172
Operating lease, liability2,3343,0142066901,135
Other undisclosed noncurrent liabilities11,001     
Total noncurrent liabilities:14,86813,5822166961,254551
Total liabilities:34,99927,6134,3303,6004,6264,464
Equity
Equity, attributable to parent, including:(3,602)10,6263,7254,2474,3001,815
Common stock35,58135,14134,84232,30631,95225,557
Accumulated other comprehensive loss(1,352)(1,779)    
Accumulated deficit(42,821)(27,726)(33,952)(30,981)(30,574)(28,548)
Other undisclosed equity, attributable to parent4,9904,9902,8352,9222,9224,806
Equity, attributable to noncontrolling interest535715    
Total equity:(3,067)11,3413,7254,2474,3001,815
TOTAL LIABILITIES AND EQUITY:31,93238,9548,0557,8478,9266,279

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

3/31/2024
TTM
12/31/2023
12/31/2022
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues37,82630,2559,02713,05211,76811,148
Cost of revenue
(Cost of Product and Service Sold)
(28,078)(21,780)(5,770)(8,111)(7,180)(6,425)
Gross profit:9,7488,4753,2574,9414,5884,723
Operating expenses(22,296)(24,851)(5,853)(6,026)(5,021)(5,011)
Operating loss:(12,548)(16,376)(2,596)(1,085)(433)(288)
Nonoperating expense(2,483)(2,165)(65)   
Other nonoperating income408103    
Interest and debt expense  (482) 790(5) 
Other undisclosed loss from continuing operations before equity method investments, income taxes    (96)(247)(713)
Loss from continuing operations before equity method investments, income taxes:(15,031)(19,023)(2,661)(391)(685)(1,001)
Other undisclosed income (loss) from continuing operations before income taxes  482(52)   
Loss from continuing operations before income taxes:(15,031)(18,541)(2,713)(391)(685)(1,001)
Income tax expense (benefit)(244)123(2)(2)(2)(42)
Loss from continuing operations:(15,275)(18,418)(2,715)(393)(687)(1,043)
Loss before gain (loss) on sale of properties:(2,715)(393)(687)(1,043)
Net loss:(15,275)(18,418)(2,715)(393)(687)(1,043)
Net income attributable to noncontrolling interest180680    
Net loss attributable to parent:(15,095)(17,738)(2,715)(393)(687)(1,043)
Preferred stock dividends and other adjustments   (53)(14)(94) 
Other undisclosed net loss available to common stockholders, basic     (1,245) 
Net loss available to common stockholders, diluted:(15,095)(17,738)(2,768)(407)(2,026)(1,043)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net loss:(15,275)(18,418)(2,715)(393)(687)(1,043)
Comprehensive loss:(15,275)(18,418)(2,715)(393)(687)(1,043)
Comprehensive income, net of tax, attributable to noncontrolling interest180680    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent427(1,539)    
Comprehensive loss, net of tax, attributable to parent:(14,668)(19,277)(2,715)(393)(687)(1,043)

Statements Sources

The financial statements are based on the Company's filings with 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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