Note 10 - Significant Customer and Industry Segment Information

3 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

(

1

0

)          

Significant

Customer and

Industry Segment Information

The Company has

two

reportable segments: Giga-tronics Division and Microsource.

● The Giga-tronics Division historically produced a broad line of test and measurement equipment used primarily for the design, production, repair and maintenance of products in aerospace, telecommunications, RADAR, and electronic warfare. The Company completed the divestiture of its switch and legacy product lines, and is now solely focused on producing the ASG and the ASA.

● Microsource primarily develops and manufactures YIG RADAR filters used in fighter jet aircraft for two prime contractors. 

The tables below present information for the

two

reportable segments:

	Three Month Periods Ended							Three Month Periods Ended
(In thousands)	At June 30 , 201 8		June 30 , 201 8					At June 2 4 , 201 7		June 2 4 , 201 7
	Assets		Net Sales		Net Income (Loss)			Assets		Net Sales		Net Income (Loss)
Giga-tronics Division	$	4,418	$	38	$	(1559	)	$	6,153	$	297	$	(1,849	)
Microsource		1,953		1,061		1,272			2,907		1,694		591
Total	$	6,371	$	1,099	$	(287	)	$	9,060	$	1,991	$	(1,258	)

During the

first

quarter of fiscal

2019,

one

customer accounted for

64%

of the Company’s consolidated revenues and was included in the Microsource segment. A

second

customer accounted for

31%

and was also included in the Microsource segment. During the

first

quarter of fiscal

2018,

one

customer accounted for

43%

of the Company’s consolidated revenues and was included in the Microsource segment. A

second

customer accounted for

37%

and was also included in the Microsource segment.