Giga-tronics Incorporated

GIGA

GIGAGiga-tronics Incorporated US flag

Other OTC

0.01

USD

+0.00

- -

61,866.00Market Cap

Income Statement (USD)

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	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	26	30	38
+ Sales & Services Revenue	26	30	38
- Cost of Revenue	17	22	28
+ Cost of Goods & Services	17	22	28
Gross Profit	8	8	10
+ Other Operating Income	- -	- -	- -
- Operating Expenses	11	14	18
+ Selling, General & Admin	10	12	15
+ Research & Development	2	2	3
+ Other Operating Expense	- -	- -	- -
Operating Income (Loss)	-3	-6	-8
- Non-Operating (Income) Loss	- -	13	7
+ Interest Expense, Net	1	1	1
+ Interest Expense	1	1	1
- Interest Income	- -	- -	- -
+ Other Non-Op (Income) Loss	-1	11	6
Pretax Income	-3	-19	-15
- Income Tax Expense (Benefit)	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -
Income (Loss) from Cont Ops	-3	-18	-15
- Net Extraordinary Losses (Gains)	- -	-1	- -
+ Discontinued Operations	- -	- -	- -
+ Extraord. & Accounting Changes	- -	-1	- -
Income (Loss) Incl. MI	-3	-17	-15
- Minority Interest	- -	1	- -
Net Income, GAAP	-3	-18	-15
- Preferred Dividends	- -	- -	- -
- Other Adjustments	- -	- -	- -
Net Income Avail to Common, GAAP	-3	-18	-15
EBIT	-3	-6	-8
EBITDA	-2	-4	-6
EBITDA Margin (%)	-6.57	-14.4	-15.31
EBITA	-3	-6	-8
Gross Margin (%)	32.64	28.01	25.77
Operating Margin (%)	-11.69	-19.56	-20.76
Profit Margin (%)	-12.14	-58.63	-39.91
Sales per Employee	- -	- -	- -
Dividend per Share	- -	- -	- -
Depreciation Expense	1	2	2
Basic Weighted Avg Shares	6	6	- -
Basic EPS, GAAP	-0.52	-3.19	- -
Basic EPS from Cont Ops	-0.48	-3.32	- -
Diluted Weighted Avg Shares	6	6	- -
Diluted EPS, GAAP	-0.52	-3.19	- -
Diluted EPS from Cont Ops	-0.48	-3.32	- -

Balance Sheet (USD)

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	2021 Y	2022 Y	2023 Y
Total Current Assets	14	20	19
+ Cash, Cash Equivalents & STI	2	2	4
+ Cash & Cash Equivalents	2	2	4
+ ST Investments	- -	- -	- -
+ Accounts & Notes Receiv	7	9	7
+ Accounts Receivable, Net	5	6	4
+ Notes Receivable, Net	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -
+ Other Receivable, Net	2	4	3
+ Inventories	4	8	6
+ Raw Materials	2	3	3
+ Work In Process	1	3	2
+ Finished Goods	1	2	2
+ Inventory Adjustments	- -	- -	- -
+ Other Inventory	- -	- -	- -
+ Other ST Assets	1	1	2
+ Misc ST Assets	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -
Total Noncurrent Assets	20	19	13
+ Property, Plant & Equip, Net	6	-2	5
+ Property, Plant & Equip	9	6	14
- Accumulated Depreciation	2	9	9
+ LT Investments & Receivables	- -	- -	- -
+ LT Investments	- -	- -	- -
+ LT Receivables	- -	- -	- -
+ Other LT Assets	14	22	8
+ Total Intangible Assets	14	13	8
+ Goodwill	10	9	6
+ Other Intangible Assets	4	3	2
+ LT Deferred Tax Assets	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -
+ Misc LT Assets	- -	9	1
Total Assets	34	39	32
+ Payables & Accruals	6	8	9
+ Accounts Payable	4	8	9
+ Accrued Taxes	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -
+ Other Payables & Accruals	1	- -	- -
+ ST Debt	2	3	8
+ ST Borrowings	1	2	7
+ ST Finance Leases	1	1	1
+ Other ST Liabilities	- -	3	4
+ Deferred Revenue	- -	1	2
+ Derivatives & Hedging	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Misc ST Liabilities	- -	2	2
Total Current Liabilities	8	14	20
+ LT Debt	4	13	14
+ LT Borrowings	- -	10	11
+ LT Finance Leases	4	3	2
+ Other LT Liabilities	- -	- -	1
+ Accrued Liabilities	- -	- -	- -
+ Pension Liabilities	- -	- -	- -
+ Deferred Revenue	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Misc LT Liabilities	- -	- -	1
Total Noncurrent Liabilities	4	14	15
Total Liabilities	11	28	35
+ Preferred Equity and Hybrid Capital	5	5	5
+ Share Capital & APIC	27	35	36
+ Common Stock	27	35	36
+ Additional Paid in Capital	- -	- -	- -
- Treasury Stock	- -	- -	- -
+ Retained Earnings	-10	-28	-43
+ Other Equity	- -	-2	-1
Equity Before Minority Interest	21	11	-4
+ Minority/Non Controlling Interest	1	1	1
Total Equity	22	11	-3
Total Liabilities & Equity	34	39	32
Shares Outstanding	6	6	6
Number of Employees	- -	- -	- -
Capital Leases - Total	4	4	3
Net Debt	-1	10	15
Net Debt to Equity	-2.84	87.58	-476.72
Tangible Common Equity Ratio	18.26	-23.38	-63.68
Current Ratio	1.76	1.41	0.95
Cash Conversion Cycle	- -	70.67	23.4

Cash Flow Statement (USD)

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	2021 Y	2022 Y	2023 Y
+ Net Income	-3	-18	-15
+ Depreciation & Amortization	1	2	2
+ Non-Cash Items	1	14	8
+ Stock-Based Compensation	1	1	- -
+ Deferred Income Taxes	- -	- -	- -
+ Asset Impairment Charge	- -	10	5
+ Other Non-Cash Adj	1	2	3
+ Chg in Non-Cash Work Cap	-3	-2	2
+ (Inc) Dec in Accts Receiv	-2	-1	1
+ (Inc) Dec in Inventories	-1	-1	1
+ (Inc) Dec in Prepaid Assets	- -	- -	-1
+ Inc (Dec) in Accts Payable	- -	- -	- -
+ Inc (Dec) in Other	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Operating Activities	-3	-5	-3
+ Change in Fixed & Intang	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	- -
+ Acq of Fixed Prod Assets	-1	-1	- -
+ Acq of Intangible Assets	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -
+ Net Change in LT Investment	1	- -	- -
+ Dec in LT Investment	1	- -	- -
+ Inc in LT Investment	- -	- -	- -
+ Net Cash From Acq & Div	- -	-4	- -
+ Cash from Divestitures	- -	- -	- -
+ Cash for Acq of Subs	- -	-4	- -
+ Cash for JVs	- -	- -	- -
+ Other Investing Activities	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Investing Activities	1	-4	- -
+ Dividends Paid	- -	- -	- -
+ Net Cash From Debt	-1	10	5
+ Cash From Debt	- -	12	5
+ Repayments of Debt	-1	-2	- -
+ Other Financing Activities	5	-1	- -
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Financing Activities	3	10	5
Effect of Foreign Exchange Rates	- -	- -	- -
Net Changes in Cash	1	- -	2
EBITDA	-2	-4	-6
EBITDA Margin (%)	-6.57	-14.4	-15.31
Free Cash Flow	-4	-6	-3
Net Cash Paid for Acquisitions	- -	4	- -
Free Cash Flow to Firm	- -	- -	- -
Free Cash Flow to Equity	- -	5	2
Free Cash Flow per Basic Share	-0.69	-1.02	- -
Price/Free Cash Flow	-9.43	-0.86	- -
Cash Flow to Net Income	1.02	0.28	0.19
Capital Expenditures	-1	-1	- -