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)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2448781,4851,4211,3311,1701,059
Cash and cash equivalents1,2448781,4851,4211,3311,1701,059
Receivables4775683649542,1292,3541,846
Inventory, net of allowances, customer advances and progress billings3,5862,7345,4874,8115,6943,3653,321
Inventory3,5862,7345,4874,8115,6943,3653,321
Other undisclosed current assets1,9831,35487452327373349
Total current assets:7,2905,5347,4237,6389,4817,2626,575
Noncurrent Assets
Operating lease, right-of-use asset1,164
Property, plant and equipment552569833528837718949
Deferred costs   733876  
Other noncurrent assets17717617517587469
Total noncurrent assets:1,8937451,0081,4361,7217921,018
TOTAL ASSETS:9,1836,2798,4319,07411,2028,0547,593
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3701,2231,5031,8132,6311,7272,185
Accounts payable9687479961,1071,9249731,430
Accrued liabilities  1641236076 
Employee-related liabilities402476343583647678755
Deferred revenue218
Debt1,5341,8221,499632423880347
Deferred rent credit27458
Deferred revenue and credits 3,6142,9141,2541,433
Other liabilities351754947707996501472
Other undisclosed current liabilities 403,802252740(76)1,165
Total current liabilities:3,4753,9137,8097,0187,7044,2865,602
Noncurrent Liabilities
Long-term debt and lease obligation1,1742162114165450749
Long-term debt, excluding current maturities     392672
Capital lease obligations21621141655877
Operating lease, liability1,174
Liabilities, other than long-term debt151530429222353363365
Deferred revenue and credits   111237
Deferred rent credit2358429
Other liabilities149172     
Derivative instruments and hedges, liabilities   222353252128
Total noncurrent liabilities:1,3255514913365188131,114
Total liabilities:4,8004,4648,3007,3548,2225,0996,716
Stockholders' equity
Stockholders' equity attributable to parent, including:4,3831,8151311,7202,9802,955877
Common stock31,36925,55725,20024,39024,10419,97516,224
Accumulated deficit(29,908)(28,548)(28,682)(25,581)(24,035)(19,931)(18,258)
Other undisclosed stockholders' equity attributable to parent2,9224,8063,6132,9112,9112,9112,911
Total stockholders' equity:4,3831,8151311,7202,9802,955877
TOTAL LIABILITIES AND EQUITY:9,1836,2798,4319,07411,2028,0547,593

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues12,69011,1489,80016,26714,5961,4671,477
Revenue, net 16,26714,59618,45213,309
Cost of revenue(7,347)(6,425)(7,064)(11,716)(9,975)(10,445)(8,811)
Cost of goods and services sold(7,347)(6,425)     
Other undisclosed gross profit     16,98511,832
Gross profit:5,3434,7232,7364,5514,6218,0074,498
Operating expenses(4,951)(5,011)(5,870)(6,895)(8,328)(7,993)(9,037)
Other operating income, net
(Other Expenses)
     1,386 
Other undisclosed operating loss     (1,386) 
Operating income (loss):392(288)(3,134)(2,344)(3,707)14(4,539)
Nonoperating expense
(Other Nonoperating expense)
     (2)(8)
Interest and debt expense(221)      
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(187)(713)35800(395)(1,638)807
Loss from continuing operations before income taxes:(16)(1,001)(3,099)(1,544)(4,102)(1,626)(3,740)
Income tax expense(2)(42)(2)(2)(2)(47)(2)
Net loss attributable to parent:(18)(1,043)(3,101)(1,546)(4,104)(1,673)(3,742)
Preferred stock dividends and other adjustments(54) (557)    
Other undisclosed net loss available to common stockholders, basic(1,240)      
Net loss available to common stockholders, diluted:(1,312)(1,043)(3,658)(1,546)(4,104)(1,673)(3,742)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net loss:(18)(1,043)(3,101)(1,546)(4,104)(1,673)(3,742)
Comprehensive loss, net of tax, attributable to parent:(18)(1,043)(3,101)(1,546)(4,104)(1,673)(3,742)

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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