GIGA - Gresham Worldwide bookings for Q2 2023 exceed $10.2M

2023-07-19 14:15:43 ET

• Giga-tronics d/b/a Gresham Worldwide ( OTCQB:GIGA ) has announced that its global businesses exceeded $10.2M in bookings for the quarter ending June 30, 2023.
• The Company ended the quarter on June 30, 2023, with a backlog of $28M which paves the way for continued, stable growth.
• Precision Electronic Solutions: Closed over $4.88M in orders for new business in Q2 2023.
• RF Solutions: This business unit generated over $3.18M in bookings for new orders in Q2 2023.
• Power Electronics & Displays: New business bookings for power electronics and display solutions at Gresham's operating companies in the UK exceeded $2.06M for Q2 2023.
• "Throughout the remainder of 2023 we expect robust demand for precision electronic solutions will continue to drive new orders that support mission critical applications in defense, health care, telecommunications, and transportation.” said Jonathan Read, CEO of Gresham Worldwide.
• GIGA is -11.1% to $0.40.

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