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Income Statement
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GIGA TRONICS INC (GIGA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Mar-26-22Dec-31-21Mar-27-21Mar-28-20Mar-30-19Mar-31-18Mar-25-17
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  30.39.025.613.111.811.19.816.3
            Revenue growth  18.3%-30.8% 10.9%5.6%13.8%-39.8%11.4%
Cost of goods sold  21.85.817.28.17.26.47.111.7
Gross profit  8.53.38.34.94.64.72.74.6
            Gross margin  28.0%36.1%32.6%37.9%39.0%42.4%27.9%28.0%
Selling, general and administrative   [+]12.34.19.83.93.53.74.14.6
Research and development  2.11.21.52.21.61.31.82.3
Other operating expenses        0.30.8
EBITDA   [+]-4.9-1.8-2.1-0.8-0.10.0-2.3-2.3
            EBITDA margin  -16.3%-19.8%-8.3%-6.4%-1.0%-0.2%-23.9%-14.3%
Depreciation  0.70.20.50.30.30.31.10.8
EBITA  -5.6-2.0-2.6-1.1-0.4-0.3-3.5-3.1
            EBITA margin  -18.5%-22.0%-10.2%-8.3%-3.7%-2.6%-35.3%-19.3%
Amortization of intangibles  0.3 0.4     
EBIT   [+]-5.9-2.0-3.0-1.1-0.4-0.3-3.5-3.1
            EBIT margin  -19.6%-22.0%-11.7%-8.3%-3.7%-2.6%-35.3%-19.3%
Non-recurring items   [+]10.50.6    -0.3-0.8
Interest expense        0.50.1
Other income (expense), net   [+]-2.2-0.10.30.7-0.3-0.60.50.9
Pre-tax income  -18.5-2.7-2.7-0.4-0.7-0.9-3.1-1.5
Income taxes  -0.10.00.20.00.00.00.00.0
            Tax rate  0.7%       
Minority interest  -0.7 0.2     
Net income  -17.7-2.8-3.1-0.4-2.0-1.0-3.7-1.5
            Net margin  -58.6%-30.7%-12.1%-3.1%-17.2%-9.4%-37.3%-9.5%
   
Basic EPS   [+]($3.19)($1.00)($1.06)($0.15)($1.64)($1.45)($0.38)($0.16)
Diluted EPS   [+]($3.19)($1.00)($1.06)($0.15)($1.64)($1.45)($0.38)($0.16)
   
Shares outstanding (basic)   [+]5.62.82.92.61.20.79.79.6
Shares outstanding (diluted)   [+]5.62.82.92.61.20.79.79.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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