Giga-tronics Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 26, 2009. For the quarter, the company reported net profit of $373,000 or $0.08 per fully basic and diluted share. This compared with a net loss of $540,000 or $0.11 per fully basic and diluted share for the same period a year ago. Net sales increased 25% to $4,623,000 compared to $3,689,000 in the second quarter of fiscal 2009. Non-GAAP net income, which excludes share based compensation, for the three month period ended September 26, 2009 would have been $44,000 higher, or $417,000. Non-GAAP basic and diluted earnings per share would have been $0.09 compared to $0.08 as reported. For the same period last year, the company's non-GAAP net loss would have been $54,000 lower or $486,000 and the basic and diluted share loss would have been $0.10 compared to $0.11 as reported. Income from continuing operations was $373,000 or $0.08 per basic and diluted share compared to loss from continuing operations before income taxes of $615,000 or $0.13 per basic and diluted share for the same quarter a year ago. Operating income from continuing operations was $379,000 compared to loss from continuing operations of $621,000 for the same quarter a year ago. Income from continuing operations before income taxes was $373,000 compared to loss from continuing operations before income taxes of $615,000 for the same quarter a year ago. For the nine months the company's net profit was $706,000 or $0.15 per fully basic and diluted share. This compared with a net loss of $1,062,000 or $0.22 per fully basic and diluted share for the same period a year ago. Net sales increased 27% to $9,092,000 in the first half of fiscal 2010 compared to $7,177,000 in the first half of fiscal 2009. Non-GAAP net income, which excludes share based compensation, would have been $80,000 higher, or $786,000. Non-GAAP basic and diluted earnings per share would have been $0.17 compared to $0.15 as reported. For the same period last year, the company's non-GAAP net loss would have been $118,000 lower or $944,000 and the basic and diluted share loss would have been $0.20 compared to $0.22 as reported. Income from continuing operations was $706,000 or $0.15 per basic and diluted share compared to loss from continuing operations before income taxes of $1,137,000 or $0.24 per basic and diluted share for the same period a year ago. Operating income from continuing operations was $718,000 compared to loss from continuing operations of $1,144,000 for the same period a year ago. Income from continuing operations before income taxes was $708,000 compared to loss from continuing operations before income taxes of $1,135,000 for the same period a year ago.

Giga-tronics Inc. announced Automation Xpress (AX) application software for EW signal simulation using the new 2400C and 2500B series of Fast-Switching Microwave Signal Generators. The new 2400C and 2500B model Microwave Signal Generators, covering 100 kHz to 50 GHz, are fast switching and low phase noise, ideal for EW signal simulation. With Automation Xpress (AX) software, test engineers and managers can quickly and easily create a variety of test signals including antenna scan modulation. Automation Xpress (AX) working in the PC environment provides easy setup of signal simulation scenarios for testing EW radar, Elint systems and other defense receivers. Figure 1 shows the Automation Xpress (AX) user interface for a typical radar antenna scan signal simulation using the list mode editor. Automation Xpress is included with the new 2400C and 2500B model Microwave Signal Generators, enhancing the ability to control and configure the signal generators to address their specific needs. AX enables easy downloads of complex lists and setup and modification of parameters, all in a familiar windows-based application. A comprehensive list mode, command-line interpreter with script and loop capability, and an auto-programming capability are just a few of the features that test system programmers will appreciate when developing and debugging Test Program Sets.

Giga-tronics Inc. announced the addition of new switching systems specifically designed for low loss and high isolation of RF signals in multiple antenna surveillance systems, where many antennas need to be switched to multiple receivers. The Giga-tronics surveillance antenna distribution system switching solutions are non-blocking, and provide a true N x N system, where any antenna can be switched to any receiver, providing a switching solution with capability not available in a simple matrix switch. Depending on the requirements of the specific system, switch only or switch plus splitter and/or distribution amplifier configurations are available. Select mechanical switches for lowest loss and highest signal integrity or solid-state switches for applications where fast switching speed is required. Passive splitters can be compensated for loss with distribution amplifiers. Unlike mechanical switch only systems, solid-state switch and the splitters and distribution amplifiers introduce some amount of intermodulation distortion (IMD). The Giga-tronics tailored distribution systems take these factors into account, with the IMD measured and specifications validated. Path loss (insertion loss) and phase delay can be specified, measured and tuned, since phase matching is critical for systems that might need to be used in direction finding applications.