GIGA - Giga-tronics Q4 bookings exceed $8M

2023-03-28 11:04:41 ET

• Giga-tronics ( OTCQB:GIGA ) d/b/a Gresham Worldwide announced its global new business bookings exceeded $8M for the most recent quarter ending Dec. 31, 2022.
• Ongoing geopolitical military conflict, supply chain turmoil and inflation are expected to drive continued demand from customers for Gresham’s product offerings in 2023 and beyond.
• For the fiscal year ended 2022, Gresham had a backlog of ~$30M up from $25M for the prior fiscal year, providing a pathway for stable growth.
• Based on business booked to date and expected requirements identified in speaking with customers, Gresham has established a revenue target of $40M for 2023.

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