Ault Alliance's Subsidiary, Giga-tronics Announces Its Q3 2023 Orders Have Eclipsed $15.4M, Up 52% From The Preceding Quarter, And Ended The Quarter With A Backlog Rising To $33.7M, A 21 % Increase
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance's subsidiary, Giga-tronics, has announced that its Q3 2023 orders have reached $15.4M, a 52% increase from the previous quarter. The company ended the quarter with a backlog of $33.7M, a 21% increase.
October 05, 2023 | 10:53 am
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Ault Alliance's subsidiary, Giga-tronics, reported a significant increase in Q3 2023 orders and backlog, which could positively impact AULT's stock price.
The significant increase in orders and backlog for Giga-tronics, a subsidiary of Ault Alliance, indicates strong demand for its products and services. This could lead to increased revenues and profits for Ault Alliance, which could positively impact its stock price.
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