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Private company

GRESHAM WORLDWIDE, INC.

GRESHAM WORLDWIDE, INC. is an American Instruments For Meas and Testing of Electricity and Elec Signals company.2 It is headquartered in San Jose, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryInstruments For Meas & Testing of Electricity & Elec Signals2
  • HeadquartersSan Jose, United States2
  • Incorporated inCA3
  • Business address5990 Gleason Dr, Dublin, Ca 945683
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300ZC8V7CRDX5FH472
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O LUTZ HENCKELS, 95131 San Jose, United States2
  • Registered withSecretary of State, 9766442

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Gresham Worldwide, Inc., formerly Giga-tronics, Incorporated (“Gresham” or the “Company”) designs, manufactures and distributes purpose-built electronics equipment, automated test solutions, power electronics, supply and distribution solutions, as well as radio, microwave and millimeter wave communication systems and components for a variety of applications with a focus on the global defense industry and the healthcare market.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

25.8%Gross margin5
-33.2%Operating margin5
-39.9%Net margin5
25.0%Revenue growth, 20235
-$3.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue74¢$28.1M
  • Research and development8¢$2.9M
  • Other costs17¢$6.6M
  • Income tax1¢$244.0K

Out of $37.8M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$37.8M in 2023+133% since 2017
0$10.0M$20.0M$30.0M$40.0M2017: $16.3M$16.3M20172018: $9.8M$9.8M2018−40%2019: $11.1M$11.1M2019+14%2020: $11.8M$11.8M2020+6%2021: $25.6M$25.6M2021+117%2022: $30.3M$30.3M2022+18%2023: $37.8M$37.8M2023+25%
Gross profit6789105$9.7M in 2023+114% since 2017
0$2.5M$5.0M$7.5M$10.0M2017: $4.6M$4.6M20172018: $2.7M$2.7M2018−40%2019: $4.7M$4.7M2019+73%2020: $4.6M$4.6M2020−3%2021: $8.3M$8.3M2021+82%2022: $8.5M$8.5M2022+2%2023: $9.7M$9.7M2023+15%
Operating income6789105-$12.5M in 2023+435% since 2017
-$20.0M-$15.0M-$10.0M-$5.0M02017: -$2.3M-$2.3M20172018: -$3.1M-$3.1M2018+34%2019: -$288.0K-$288.0K2019−91%2020: -$433.0K-$433.0K2020+50%2021: -$3.0M-$3.0M2021+591%2022: -$16.4M-$16.4M2022+448%2023: -$12.5M-$12.5M2023−23%
Net income6789105-$15.1M in 2023+876% since 2017
-$20.0M-$15.0M-$10.0M-$5.0M02017: -$1.5M-$1.5M20172018: -$3.1M-$3.1M2018+101%2019: -$937.0K-$937.0K2019−70%2020: -$687.0K-$687.0K2020−27%2021: -$3.1M-$3.1M2021+352%2022: -$17.7M-$17.7M2022+471%2023: -$15.1M-$15.1M2023−15%
Fiscal year2017201820192020202120222023
Revenue$16.3M6$9.8M7$11.1M8$11.8M9$25.6M10$30.3M5$37.8M5
Cost of revenue$11.7M6$7.1M6$6.4M8$7.2M9$17.2M10$21.8M5$28.1M5
Gross profit$4.6M6$2.7M7$4.7M8$4.6M9$8.3M10$8.5M5$9.7M5
Research and development$2.3M6$1.8M7$1.3M8$1.6M9$1.5M10$2.1M5$2.9M5
Selling, general and admin$4.6M6$4.1M7$3.7M8$3.5M9$3.9M13$4.1M13
Operating expenses$11.3M10$24.9M5$22.3M5
Operating income-$2.3M6-$3.1M7-$288.0K8-$433.0K9-$3.0M10-$16.4M5-$12.5M5
Income before tax-$2.7M10-$18.5M5-$15.0M5
Income tax$2.0K6$2.0K7$42.0K8$2.0K9$193.0K10-$123.0K5$244.0K5
Net income-$1.5M6-$3.1M7-$937.0K8-$687.0K9-$3.1M10-$17.7M5-$15.1M5
Earnings per share-$0.166-$0.387-$0.107-$1.0610-$3.205-$2.545
Earnings per share (diluted)-$0.166-$0.387-$0.107-$1.0610-$3.205-$2.545
Shares (weighted, basic)2.9M shares105.6M shares55.9M shares5
Shares (weighted, diluted)2.9M shares105.6M shares55.9M shares5

Compare GRESHAM WORLDWIDE, INC. with another company

Corporate structure

GRESHAM WORLDWIDE, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of GRESHAM WORLDWIDE, INC.

  • Laurence W. Lytton Filed SC 13G/A on GRESHAM WORLDWIDE, INC., latest Nov 14, 2024 (4 filings since Feb 15, 2022)
  • AWM Investment Company, Inc. Filed SC 13G/A on GRESHAM WORLDWIDE, INC., latest Feb 14, 2023 (2 filings since Feb 11, 2022)
  • Hyperscale Data, Inc. Filed SC 13D on GRESHAM WORLDWIDE, INC., latest Sep 19, 2022
  • Cornelis F. Wit Filed SC 13G/A on GRESHAM WORLDWIDE, INC., latest Feb 16, 2022
  • GRESHAM WORLDWIDE, INC. San Jose, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GRESHAM WORLDWIDE, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$11.2M5 Dec 31, 2023$10.9M5 Dec 31, 2022+2.6%
Accumulated depreciation$9.5M5 Dec 31, 2023$8.7M5 Dec 31, 2022+9.4%
Property and equipment, net$1.7M5 Dec 31, 2023$2.2M5 Dec 31, 2022−23.8%
Operating-lease assets (leased space)$3.0M5 Dec 31, 2023$3.9M5 Dec 31, 2022−23.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.6M5 Dec 31, 2023$2.2M5 Dec 31, 2022+64.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$5.8M5 Dec 31, 2023$9.1M5 Dec 31, 2022−36.0%
Intangible assets, net (excluding goodwill)$1.7M5 Dec 31, 2023$3.5M5 Dec 31, 2022−50.9%
Finite-lived intangibles, net$1.2M5 Dec 31, 2023$2.0M10 Dec 31, 2022−38.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$6.4M5 Dec 31, 2023$7.7M5 Dec 31, 2022−17.1%
Raw materials$3.2M5 Dec 31, 2023$2.8M5 Dec 31, 2022+14.9%
Work in process$1.5M5 Dec 31, 2023$3.2M5 Dec 31, 2022−52.5%
Finished goods$1.7M5 Dec 31, 2023$1.8M5 Dec 31, 2022−3.0%

Leadership

Who has led GRESHAM WORLDWIDE, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John R. Regazzi2006–2022
  2. Suresh Sukumar Nair2017
  3. Jonathan R. Read2022–2024

Chair

  1. George H. Bruns Jr.2006

President

  1. Daniel S. Markowitz2006
  2. Jeffrey T. Lum2006–2007

Chief financial officer

  1. Mark H. Cosmez Ii.2006
  2. Patrick J. Lawlor2007–2010
  3. Steve Lance2013–2014
  4. Lutz P. Henckels2020–2022

Chief operating officer

  1. Lutz P. Henckels2020–2022
  2. Timothy Long2022
  3. Robin Shaffer2023
2010201520202025
Board members and other officers (24)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorRobert Smith named Jan 24, 202349
  • DirectorWilliam Thompson named Jan 24, 202349

Former names

  • GIGA TRONICS INCNov 8, 1995 to Feb 14, 20243

Timeline

  1. Aug 16, 20248-K Ended a material agreement; Bankruptcy or receivership; Debt or obligation accelerated50
  2. Jun 27, 20248-K Entered a material agreement51
  3. May 1, 20248-K Debt or obligation accelerated52
  4. Mar 8, 20248-K Bylaws or fiscal year changed53
  5. Dec 19, 20238-K Other events54
  6. Nov 6, 20238-K New debt or obligation; Unregistered sale of shares55
  7. Nov 1, 20238-K Executive or director change56
  8. Oct 17, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares57
  9. Oct 4, 20238-K Financial statements and exhibits58
  10. Apr 3, 20238-K Results of operations59
  11. Feb 7, 20238-K Entered a material agreement; Executive or director change60
  12. Jan 11, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares61
  13. Sep 12, 2022New chief executive Jonathan R. Read becomes CEO15
  14. Jun 26, 2017New chief executive Suresh Sukumar Nair becomes CEO16
  15. Apr 21, 2006New chief executive John R. Regazzi becomes CEO17
  16. Mar 5, 1980Founded GRESHAM WORLDWIDE, INC. is founded2

Calendar

When it reported results

  1. Apr 3, 2023Reported quarterly or annual results59
  2. Aug 11, 2022Reported quarterly or annual results62
  3. Jul 5, 2022Reported quarterly or annual results63
  4. Nov 10, 2021Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

95 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 32 major events, 24 insider forms, 8 large holders, 1 private raises, 19 other. The latest 20:

  1. Nov 14, 2024SC 13G/A EDGAR
  2. Aug 16, 20248-K EDGAR
  3. Aug 15, 2024NT 10-Q EDGAR
  4. Jun 27, 20248-K EDGAR
  5. Jun 26, 20244 PRIMARY DOCUMENT EDGAR
  6. May 17, 202410-Q EDGAR
  7. May 16, 20244 PRIMARY DOCUMENT EDGAR
  8. May 16, 2024NT 10-Q/A EDGAR
  9. May 16, 2024NT 10-Q EDGAR
  10. May 8, 2024RW EDGAR
  11. May 1, 20248-K EDGAR
  12. Apr 15, 202410-K EDGAR
  13. Apr 2, 2024NT 10-K EDGAR
  14. Mar 8, 20248-K EDGAR
  15. Feb 14, 2024SC 13G/A EDGAR
  16. Dec 19, 20238-K EDGAR
  17. Nov 22, 20233 PRIMARY DOCUMENT EDGAR
  18. Nov 22, 20233 PRIMARY DOCUMENT EDGAR
  19. Nov 14, 202310-Q EDGAR
  20. Nov 6, 20238-K EDGAR

The 95 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 3 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 25, 2024Ault Alliance, Inc.10% ownerBuy5,000$0.13$650Form 4
Jun 24, 2024Ault Alliance, Inc.10% ownerBuy5,000$0.13$650Form 4
Sep 19, 2022BitNile Holdings, Inc.10% ownerBuy100$1.26$126Form 4
Sep 9, 2022BitNile Holdings, Inc.10% ownerSale300$1.77$531Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$3.3M 2023–2023
Money received by yearMoney received by year, 2023–2023: $3.3M in all. Private raises (Form D) $3.3M.$0$1M$2M$3M$4M2023 · Private raises (Form D): $3.3M2023
Figures by year
YearPrivate raises (Form D)Total
2023$3.3M$3.3M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jan 11, 2023Raised $3.3 million in a private offering of debt49 Form D: 2 investors so far Form D

SEC filer profile

How GRESHAM WORLDWIDE, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGRESHAM WORLDWIDE, INC.1
  • CIK0000719274
  • Employer ID (EIN)94-26563411
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inCalifornia1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3825 Instruments For Meas & Testing of Electricity & Elec Signals1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address5990 Gleason Dr, Dublin, CA 945681
  • Phone92532946501
  • Shares outstanding7,931,602 as of May 16, 202412
  • Public float$450.3M as of Jun 30, 20235
  • On EDGAR sinceFeb 8, 19951
  • Filings886 in all: 8-K (272), 4 (236), 10-Q (76), SC 13G/A (33), 3 (28), DEF 14A (27), 10-K (26), DEFA14A (17)1
    All 52 form types

    SC 13G (16), 10QSB (11), 4/A (9), D (9), SC 13D/A (9), SD (9), S-8 (8), UPLOAD (8), 10-K/A (7), 8-K/A (7), CORRESP (7), 144 (5), 10-Q/A (4), 3/A (4), EFFECT (4), NT 10-Q (4), S-1/A (4), SC 13D (4), PRE 14A (3), S-1 (3), S-3 (3), S-3/A (3), 10KSB (2), 5 (2), 8-A12G (2), D/A (2), NT 10-K (2), PRER14A (2), S-4/A (2), S-8 POS (2), 10-K405 (1), 25-NSE (1), 424B3 (1), 424B4 (1), 8-A12B (1), DEF 14C (1), DEFM14A (1), DEFR14A (1), NT 10-Q/A (1), NTN 10K (1), PRE 14C (1), PREM14A (1), RW (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2024
    Quarterly report (10-Q) May 17, 2024
    Proxy statement (DEF 14A) Jul 23, 2020
    Latest 8-K (8-K) Aug 16, 2024

Sources

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