Giga-tronics Incorporated
GIGA, announced today its intention to file amendments on Form 10-K/A
for the fiscal year ended March 26, 2011, and to reports on Form 10-Q/A for
the fiscal quarters ended June 25, 2011, September 24, 2011, and December 31,
2011 to restate income (loss) after taxes and shareholders' equity due to the
re-establishment of a full deferred tax asset valuation allowance of
approximately $13.8 million as of December 31, 2011. The adjustments do not
affect the Company's operating income (loss) or cash flows for those periods
and do not affect the Company's most recent balance sheet.
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