Ault Inc.’s Giga-tronics reports Q3 orders of over $15.4M

Ault Inc.’s (AULT) majority owned subsidiary, Giga-tronics (GIGA), referred to as Gresham Worldwide, which concentrates in tailored electronic solutions for mission-critical applications across the defense, healthcare, telecommunications, and transportation sectors, announced its Q3 2023 orders have eclipsed $15.4M. This figure represents a 52% increase from the preceding quarter. Gresham Worldwide ends the quarter with a backlog rising to $33.7M, a 21 % increase. Jonathan Read, CEO of Gresham Worldwide, commented, “The global landscape continues to evolve, fueling spending on defense and electronic testing technologies across the US, UK, Europe, Asia and the Middle East. Our commitment to collaboration and nurturing customer relationships positions Gresham Worldwide for sustained growth. We anticipate a buoyant demand for our precision electronic solutions through 2024.”