Consolidated Proforma Unaudited Financial Statements (Tables)

3 Months Ended

Mar. 31, 2023

Business Acquisition, Pro Forma Information [Abstract]

Summary of Unaudited Pro Forma Financial Information

The following table represents the unaudited consolidated proforma results of operations for the three months ended March 31, 2023 and March 31, 2022, as if the acquisition occurred on January 1, 2022.

Proforma, unaudited (In thousands)	Gresham
Three months ended March 31, 2023	Worldwide, Inc.			Giga-tronics			Proforma Adjustments		Proforma Unaudited
Net Sales	$	8,293		$	430		$	—	$	8,723
Cost of Sales		5,880			680			—		6,560
Operating expenses		4,284			1,670			—		5,954
Other income (expense)		807			527			—		1,334
Income tax benefit		7			—			—		7
Net gain attributable to non-controlling interest		14			—			—		14
Net loss attributable to common stockholders	$	(1,070	)	$	(1,394	)	$	—	$	(2,464	)
Proforma, unaudited (In thousands)	Gresham
Three months ended March 31, 2022	Worldwide, Inc.			Giga-tronics			Proforma Adjustments		Proforma Unaudited
Net Sales	$	7,244		$	1,436		$	—	$	8,680
Cost of Sales		4,751			1,036			—		5,787
Operating expenses		2,984			1,555			—		4,539
Other income (expense)		(19	)		(17	)		—		(36	)
Income tax provision		—			—			—		—
Net loss attributable to non-controlling interest		(13	)		—			—		(13	)
Deemed dividend on Series E preferred stock		—			(2	)				(2	)
Net loss attributable to common stockholders	$	(497	)	$	(1,174	)	$	—	$	(1,671	)