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
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3167366578781,4851,4211,331
Cash and cash equivalents3167366578781,4851,4211,331
Receivables1,8431,9219325683649542,129
Inventory, net of allowances, customer advances and progress billings4,6453,6013,2612,7345,4874,8115,694
Inventory4,6453,6013,2612,7345,4874,8115,694
Prepaid expense40100     
Other undisclosed current assets  2,2091,35487452327
Total current assets:6,8446,3587,0595,5347,4237,6389,481
Noncurrent Assets
Operating lease, right-of-use asset6098651,183
Property, plant and equipment370455508569833528837
Deferred costs     733876
Other noncurrent assets3081691761761751758
Total noncurrent assets:1,2871,4891,8677451,0081,4361,721
TOTAL ASSETS:8,1317,8478,9266,2798,4319,07411,202
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7841,5411,1371,2231,5031,8132,631
Accounts payable1,1651,0448037479961,1071,924
Accrued liabilities395134 16412360
Employee-related liabilities580446300476343583647
Deferred revenue 7159
Debt6706831,3201,8221,499632423
Deferred rent credit   7458
Deferred revenue and credits 3,6142,914
Other liabilities247279364754947707996
Other undisclosed current liabilities437394392403,802252740
Total current liabilities:3,1382,9043,3723,9137,8097,0187,704
Noncurrent Liabilities
Long-term debt and lease obligation3286901,1352162114165
Capital lease obligations2162114165
Operating lease, liability3286901,135
Liabilities, other than long-term debt46119530429222353
Deferred rent credit   358429
Other liabilities46119172   
Derivative instruments and hedges, liabilities     222353
Total noncurrent liabilities:3326961,254551491336518
Total liabilities:3,4703,6004,6264,4648,3007,3548,222
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6614,2474,3001,8151311,7202,980
Common stock34,60332,30631,95225,55725,20024,39024,104
Accumulated deficit(32,777)(30,981)(30,574)(28,548)(28,682)(25,581)(24,035)
Other undisclosed stockholders' equity attributable to parent2,8352,9222,9224,8063,6132,9112,911
Total stockholders' equity:4,6614,2474,3001,8151311,7202,980
TOTAL LIABILITIES AND EQUITY:8,1317,8478,9266,2798,4319,07411,202

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues11,47813,05211,76811,1489,80016,26714,596
Revenue, net 16,26714,596
Cost of revenue(7,558)(8,111)(7,180)(6,425)(7,064)(11,716)(9,975)
Cost of goods and services sold(7,558)(8,111)(7,180)(6,425)   
Gross profit:3,9204,9414,5884,7232,7364,5514,621
Operating expenses(6,609)(6,026)(5,021)(5,011)(5,870)(6,895)(8,328)
Operating loss:(2,689)(1,085)(433)(288)(3,134)(2,344)(3,707)
Nonoperating expense
(Other undisclosed Nonoperating expense)
(65)      
Interest and debt expense975790(5)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(99)(96)(247)(713)35800(395)
Loss from continuing operations before equity method investments, income taxes:(1,878)(391)(685)(1,001)(3,099)(1,544)(4,102)
Other undisclosed loss from continuing operations before income taxes(25)      
Loss from continuing operations before income taxes:(1,903)(391)(685)(1,001)(3,099)(1,544)(4,102)
Income tax expense(9)(2)(2)(42)(2)(2)(2)
Net loss attributable to parent:(1,912)(393)(687)(1,043)(3,101)(1,546)(4,104)
Preferred stock dividends and other adjustments70(14)(94) (557)  
Other undisclosed net income (loss) available to common stockholders, basic1,202 (1,245)    
Net loss available to common stockholders, diluted:(640)(407)(2,026)(1,043)(3,658)(1,546)(4,104)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net loss:(1,912)(393)(687)(1,043)(3,101)(1,546)(4,104)
Comprehensive loss, net of tax, attributable to parent:(1,912)(393)(687)(1,043)(3,101)(1,546)(4,104)

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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