NEW YORK (TheStreet) --Shares of Giga-tronics, Inc. (GIGA) are lower by -9.60% to $2.92 in after-hours trading today after reporting a net loss for the 2014 fourth quarter of -$1.3 million, or 25 cents per dilutes share, compared to a net loss for the 2013 fourth quarter of -$1.6 million, or 31 cents per diluted share.
The company, which produces instruments, subsystems, and sophisticated microwave components used in defense electronics, aeronautics, and wireless telecommunications, posted net sales of $2.9 million for the most recent quarter versus $2.8 million for the year ago period.
Giga-tronics also reported its full year 2014 earnings results which showed a net loss of -$3.7 million, or 74 cents per diluted share for the 2014 fourth quarter, compared to a net loss of -$4.2 million, or 84 cents per diluted share for the 2013 fiscal year.
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Net sales for fiscal 2014 were $13.3 million versus $14.2 million for fiscal 2013.
Separately, TheStreet Ratings team rates GIGA-TRONICS INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GIGA-TRONICS INC (GIGA) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally high debt management risk."