Welcome to our dedicated page for GIGA-TRONICS news (Ticker: $GIGA), a resource for investors and traders seeking the latest updates and insights on GIGA-TRONICS stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GIGA-TRONICS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Rhea-AI Summary
Ault Alliance, Inc. reports strong performance from its subsidiary Gresham Worldwide, with substantial growth in sales demand and backlog driven by robust order inquiry and market segment activity in defense businesses. Gresham's Israeli subsidiary, Enertec Systems 2001 , is a key contributor to the growth, with estimated total backlog of $46 million as of March 31, 2024. Annual revenue is expected to exceed $50 million for 2024, showcasing Gresham's commitment to innovation and technological advancements in defense technology.
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Rhea-AI Sentiment
End-of-Day
-9.11%
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Rhea-AI Summary
Gresham Worldwide, Inc. (GIGA) appoints Nissim Ovadia as CEO of Enertec Systems 2001, , showcasing his successful track record and expertise in driving record growth. The appointment ensures a seamless transition and continuity for the defense and medical technology businesses, highlighting the company's commitment to stakeholders and customers.
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Rhea-AI Sentiment
End-of-Day
-1.71%
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Rhea-AI Summary
Ault Alliance, Inc. (NYSE American: AULT) announces Giga-tronics, Inc. (OTCQB: GIGA), referred to as Gresham Worldwide, projects over $50 million in annual revenue driven by its defense business in 2024, supported by a robust backlog currently at approximately $50 million. The revenue projection is attributed to escalating global conflicts, with a notable surge in demand coming from Israel and Europe. Gresham Worldwide’s Israeli subsidiary, Enertec Systems 2001 Ltd., has recently secured a $20 million order to be completed over the next three years.
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Gresham Worldwide (OTCQB: GIGA) announces Microphase Corporation has received $5.4 million orders for RF filters from a major defense contractor. The technology will be used to counter improvised explosive devices for the U.S. military, with deliveries starting in Q1 2024 and continuing throughout the year. CEO Jonathan Read emphasizes the validation of Gresham's strategic focus on mission critical solutions, while COO Timothy Long expects positive impact on Microphase's backlog, revenue, and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.41%
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Giga-tronics subsidiary, Enertec Systems, has been chosen to supply bespoke systems to a major strategic customer under a $20 million contract. Enertec received a $5 million advance order and a $1.5 million order for immediate delivery. Delivery against these orders is expected to have a positive impact on Enertec's backlog, revenue, and profitability in the coming years.
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Rhea-AI Sentiment
End-of-Day
15%
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Gresham Worldwide reports Q3 2023 bookings of $15.4 million, a 52% increase from the previous quarter. Backlog at quarter end rises to $33.7 million, a 21% increase. Strong performance attributed to robust orders in missile defense, med device, and electronic countermeasures systems.
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Rhea-AI Sentiment
End-of-Day
42.86%
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Gresham Worldwide reports a 52% increase in Q3 orders, reaching $15.4 million and a 21% increase in backlog to $33.7 million.
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Rhea-AI Sentiment
End-of-Day
3.57%
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Ault Alliance's subsidiary, Giga-tronics, has filed an amended registration statement with the SEC regarding the previously announced dividend of almost seven million shares of GIGA common stock to its stockholders.
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Rhea-AI Sentiment
End-of-Day
-1.37%
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Rhea-AI Summary
Ault Alliance's subsidiary, Gresham Worldwide, reported bookings of over $10.2 million for the second quarter of 2023, driven by orders from defense and medical customers. The company expects increasing demand for precision electronics throughout 2023 and into 2024. Gresham Worldwide ended the quarter with an order backlog of $28 million, setting the stage for continued growth.
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Rhea-AI Sentiment
End-of-Day
8.51%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.11%
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GIGA-TRONICS INC
NYSE:GIGA
GIGA Rankings
GIGA Stock Data
848.22k
3.35M
63.7%
4%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
United States of America
Dublin
About GIGA
for over 35 years giga-tronics incorporated (nasdaq “giga”), has been helping solving the world‘s next generation radar and electronic warfare problems. real-time threat emulation, radar target generation and flight ready ew equipment created and deployed through a strong legacy of performance microwave design and manufacture. giga-tronics an iso 9001 and as 9100 certified company, headquartered in dublin, california. visit giga-tronics at go-asg.gigatronics.com