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Business Summary: Gresham Worldwide, Inc. is a provider of electronic solutions for mission-critical applications in defense, health care, telecommunications, and transportation industries. Its RF Solutions segment operates through Microphase Corporation, which designs and manufactures custom microwave hardware products for military applications. The Precision Electronic Solutions segment operates through Enertec Systems 2001 Ltd. (Enertec) and Microsource Inc. (Microsource). It also includes Giga-tronics Division. Enertec develops and supplies advanced command & control, test and calibration systems for use in failsafe military and medical applications. The Power Electronics & Displays segment operates through Gresham Power Electronics Ltd., and Relec Electronics Ltd., which primarily engineer and provide integrated, mobile power electronics and display solutions that distribute and supply continuous, dependable, clean low voltage power. It operates in the United States, Israel and the United Kingdom.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Gresham Worldwide Inc revenues increased 10% to $9.6M. Net loss increased 79% to $4.4M. Revenues reflect Precision Electronic Solutions segment increase of 29% to $5.1M, RF Solutions segment increase of 17% to $2.1M, Middle East segment increase of 56% to $5.6M, Northern America segment increase of 4% to $2.4M.