Private company

GRESHAM WORLDWIDE, INC.

American Instruments For Meas and Testing of Electricity and Elec Signals company. Summary from the record

Last updated Oct 19, 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 revenueOther costs

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

Gross profit⁶⁷⁸⁹¹⁰⁵$9.7M in 2023+114% since 2017

Operating income⁶⁷⁸⁹¹⁰⁵-$12.5M in 2023+435% since 2017

Net income⁶⁷⁸⁹¹⁰⁵-$15.1M in 2023+876% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
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 shares¹⁰	5.6M shares⁵	5.9M shares⁵
Shares (weighted, diluted)					2.9M shares¹⁰	5.6M shares⁵	5.9M shares⁵

Total assets⁶⁷⁸⁹¹⁰⁵$31.9M in 2023+252% since 2017

Total liabilities⁶⁷⁹¹⁰⁵$35.0M in 2023+376% since 2017

Shareholders’ equity⁷⁸⁹¹⁰⁵-$3.6M in 2023

Cash⁷⁸⁹¹⁰⁵$3.6M in 2023+153% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash	$1.4M⁷	$1.5M⁷	$878.0K⁸	$657.0K⁹	$1.6M¹⁰	$2.2M⁵	$3.6M⁵
Receivables					$4.6M¹⁰	$5.5M⁵	$4.3M⁵
Inventory					$4.2M¹⁰	$7.7M⁵	$6.4M⁵
Current assets	$7.6M⁶	$7.4M⁷	$5.5M⁸	$7.1M⁹	$13.5M¹⁰	$19.7M⁵	$19.2M⁵
Property, plant and equipment					$2.1M¹⁰	$2.2M⁵	$1.7M⁵
Goodwill					$9.8M⁵	$9.1M⁵	$5.8M⁵
Intangible assets					$4.0M¹⁰	$3.5M⁵	$1.7M⁵
Total assets	$9.1M⁶	$8.4M⁷	$6.3M⁸	$8.9M⁹	$33.9M¹⁰	$39.0M⁵	$31.9M⁵
Accounts payable						$1.5M¹³
Short-term debt						$1.2M¹³
Current liabilities	$7.0M⁶	$7.8M⁷	$3.9M⁸	$3.4M⁹	$7.7M¹⁰	$14.0M⁵	$20.1M⁵
Long-term debt					$0¹³
Total liabilities	$7.4M⁶	$8.3M⁷	$4.5M⁷	$4.6M⁹	$11.4M¹⁰	$27.6M⁵	$35.0M⁵
Retained earnings					-$10.0M¹⁰	-$27.7M⁵	-$42.8M⁵
Shareholders’ equity	$1.7M⁷	$131.0K⁸	$1.8M⁹	$18.5M¹⁰	$21.4M¹⁰	$10.6M⁵	-$3.6M⁵
Shares outstanding	9.8M shares¹⁴	10.3M shares⁶	2.5M shares⁸	2.6M shares⁸	2.9M shares¹⁰	5.9M shares⁵	5.9M shares⁵

Cash from operations⁶⁷⁸⁹¹⁰⁵-$2.8M in 2023+4925% since 2017

Capital spending⁶⁷⁹¹⁰⁵$234.0K in 2023+471% since 2017

Free cash flow⁶⁷⁹¹⁰⁵-$3.0M in 2023+3042% since 2017

Fiscal year	2017	2018	2019	2020	2021	2022	2023
Cash from operations	-$56.0K⁶	-$1.6M⁷	-$1.3M⁸	-$2.4M⁹	-$3.2M¹⁰	-$5.0M⁵	-$2.8M⁵
Depreciation and amortization					$500.0K¹⁰	$663.0K⁵	$756.0K⁵
Stock-based compensation					$629.0K¹⁰	$605.0K⁵	$440.0K⁵
Capital spending	$41.0K⁶	$688.0K⁷		$123.0K⁹	$949.0K¹⁰	$638.0K⁵	$234.0K⁵
Free cash flow	-$97.0K	-$2.3M		-$2.5M	-$4.1M	-$5.7M	-$3.0M
Cash from investing					$518.0K¹⁰	-$4.3M⁵	-$234.0K⁵
Cash from financing					$3.4M¹⁰	$9.7M⁵	$4.9M⁵

Compare GRESHAM WORLDWIDE, INC. with another company

Leadership

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

Chief executive

Chair

George H. Bruns Jr.2006

President

Chief financial officer

Chief operating officer

2010201520202025

Chief executive officerJonathan R. Read Sep 12, 2022 to May 16, 2024¹⁵
Chief executive officerSuresh Sukumar Nair Jun 26, 2017 to Jun 26, 2017¹⁶
Chief executive officerJohn R. Regazzi Apr 21, 2006 to Mar 10, 2022¹⁷
ChairGeorge H. Bruns Jr. Apr 21, 2006 to Apr 21, 2006¹⁸
PresidentDaniel S. Markowitz Sep 13, 2006 to Sep 13, 2006¹⁹
PresidentJeffrey T. Lum Sep 13, 2006 to Nov 15, 2007²⁰
Chief financial officerLutz P. Henckels Sep 3, 2020 to Sep 12, 2022²¹
Chief financial officerSteve Lance May 22, 2013 to Aug 18, 2014²²
Chief financial officerPatrick J. Lawlor Mar 7, 2007 to Nov 4, 2010²³
Chief financial officerMark H. Cosmez Ii. Sep 13, 2006 to Sep 13, 2006²⁴
Chief operating officerRobin Shaffer Nov 22, 2023 to Nov 22, 2023²⁵
Chief operating officerTimothy Long Sep 12, 2022 to Sep 12, 2022²⁶
Chief operating officerLutz P. Henckels Sep 3, 2020 to Sep 12, 2022²¹

Board members and other officers (24)

CDO of SubsidiarySean Lyle Nov 22, 2023 to Nov 22, 2023²⁷
Controller, Prin. Acct OfficerTraci Keiko Mitchell Mar 7, 2019 to Dec 30, 2020²⁸
Chief Technology OfficerArmand D'Urso Pantalone May 24, 2019 to Mar 10, 2022²⁹
VP of Business DevelopmentDaniel Scott Kirby Nov 22, 2019 to Dec 28, 2021³⁰
Interim Chief Fin. OfficerLutz P. Henckels Apr 3, 2018 to Aug 31, 2020³¹
VP of Sales & MarketingTimothy Frederick Ursprung Aug 20, 2018 to Nov 12, 2019³²
Principal Acc. & Fin. OfficerTemi Oduozor Aug 25, 2016 to Jun 22, 2017³³
Vice President of SalesMichael Penta Jul 20, 2012 to Aug 15, 2016³⁴
Vice President of MarketingMark Elo Aug 30, 2012 to Aug 18, 2014³⁵
Chief Technology OfficerJeffrey T. Lum Aug 19, 2009 to Aug 23, 2012³⁶
VP Sales & MarketingRodrick G. Cross Jan 8, 2008 to Jan 8, 2008³⁷
VP Sales & MarketingMalcolm E. Levy Sep 3, 2008 to Dec 14, 2009³⁸
Board memberJonathan R. Read Sep 12, 2022 to May 16, 2024¹⁵
Board memberJeff Acosta Bentz Sep 19, 2022 to Sep 19, 2022³⁹
Board memberWilliam B. Horne Sep 19, 2022 to Sep 19, 2022⁴⁰
Board memberThomas E. Vickers Sep 30, 2020 to Sep 12, 2022⁴¹
Board memberJamie Weston Jan 9, 2019 to Jan 9, 2019⁴²
Board memberGordon Almquist Jun 25, 2012 to Apr 20, 2021⁴³
Board memberLutz P. Henckels Nov 18, 2011 to Mar 10, 2022⁴⁴
Board memberGarrett A. Garrettson Apr 21, 2006 to Aug 16, 2016⁴⁵
Board memberJohn R. Regazzi Apr 21, 2006 to Mar 10, 2022¹⁷
Board memberGeorge H. Bruns Jr. Sep 13, 2006 to Dec 19, 2011⁴⁶
Board memberKen A. Harvey Sep 13, 2006 to Mar 2, 2015⁴⁷
Board memberRobert C. Wilson Sep 13, 2006 to Aug 31, 2011⁴⁸

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

Sep 12, 2022New chief executive Jonathan R. Read becomes CEO¹⁵
Jun 26, 2017New chief executive Suresh Sukumar Nair becomes CEO¹⁶
Apr 21, 2006New chief executive John R. Regazzi becomes CEO¹⁷
Mar 5, 1980Founded GRESHAM WORLDWIDE, INC. is founded²

Filings

94 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 32 major events, 24 insider forms, 7 large holders, 1 private raises, 19 other. The latest 20:

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

The 94 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.

Date	Who	Trade	Shares	Price	Value	Filing
Jun 25, 2024	Ault Alliance, Inc.10% owner	Buy	5,000	$0.13	$650	Form 4
Jun 24, 2024	Ault Alliance, Inc.10% owner	Buy	5,000	$0.13	$650	Form 4
Sep 19, 2022	BitNile Holdings, Inc.10% owner	Buy	100	$1.26	$126	Form 4
Sep 9, 2022	BitNile Holdings, Inc.10% owner	Sale	300	$1.77	$531	Form 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.

Laurence W. LyttonSC 13G/A, 4 filings Feb 15, 2022 to Nov 14, 2024⁵⁰
AWM Investment Company, Inc.SC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 2023⁵¹
Cornelis F. WitSC 13G/A, 1 filing Feb 16, 2022⁵²

Money raised

Private offerings the company reported to the SEC on Form D.

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

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARGRESHAM WORLDWIDE, INC. filings on SEC EDGAR
2
GLEIFGRESHAM WORLDWIDE, INC. LEI record (549300ZC8V7CRDX5FH47)
3
SEC EDGARGRESHAM WORLDWIDE, INC. filings on SEC EDGAR
4
SEC EDGARGRESHAM WORLDWIDE, INC. annual report, Item 1 (Business)
5
SEC EDGARGRESHAM WORLDWIDE, INC. 10-K for fiscal 2023
6
SEC EDGARGRESHAM WORLDWIDE, INC. 10-K for fiscal 2017
7
SEC EDGARGRESHAM WORLDWIDE, INC. 10-K for fiscal 2018
8
SEC EDGARGRESHAM WORLDWIDE, INC. 10-K for fiscal 2019
9
SEC EDGARGRESHAM WORLDWIDE, INC. 10-K for fiscal 2020
10
SEC EDGARGRESHAM WORLDWIDE, INC. 10-K for fiscal 2021
11
SEC EDGARGRESHAM WORLDWIDE, INC. 10-Q for fiscal 2023
12
SEC EDGARGRESHAM WORLDWIDE, INC. 10-Q for fiscal 2024
13
SEC EDGARGRESHAM WORLDWIDE, INC. 10-K for fiscal 2021
14
SEC EDGARGRESHAM WORLDWIDE, INC. 10-K for fiscal 2017
15
SEC EDGARJonathan R. Read, Chief executive officer
16
SEC EDGARSuresh Sukumar Nair, Chief executive officer
17
SEC EDGARJohn R. Regazzi, Chief executive officer
18
SEC EDGARGeorge H. Bruns Jr., Chair
19
SEC EDGARDaniel S. Markowitz, President
20
SEC EDGARJeffrey T. Lum, President
21
SEC EDGARLutz P. Henckels, Chief financial officer
22
SEC EDGARSteve Lance, Chief financial officer
23
SEC EDGARPatrick J. Lawlor, Chief financial officer
24
SEC EDGARMark H. Cosmez Ii., Chief financial officer
25
SEC EDGARRobin Shaffer, Chief operating officer
26
SEC EDGARTimothy Long, Chief operating officer
27
SEC EDGARSean Lyle, CDO of Subsidiary
28
SEC EDGARTraci Keiko Mitchell, Controller, Prin. Acct Officer
29
SEC EDGARArmand D'Urso Pantalone, Chief Technology Officer
30
SEC EDGARDaniel Scott Kirby, VP of Business Development
31
SEC EDGARLutz P. Henckels, Interim Chief Fin. Officer
32
SEC EDGARTimothy Frederick Ursprung, VP of Sales & Marketing
33
SEC EDGARTemi Oduozor, Principal Acc. & Fin. Officer
34
SEC EDGARMichael Penta, Vice President of Sales
35
SEC EDGARMark Elo, Vice President of Marketing
36
SEC EDGARJeffrey T. Lum, Chief Technology Officer
37
SEC EDGARRodrick G. Cross, VP Sales & Marketing
38
SEC EDGARMalcolm E. Levy, VP Sales & Marketing
39
SEC EDGARJeff Acosta Bentz, Board member
40
SEC EDGARWilliam B. Horne, Board member
41
SEC EDGARThomas E. Vickers, Board member
42
SEC EDGARJamie Weston, Board member
43
SEC EDGARGordon Almquist, Board member
44
SEC EDGARLutz P. Henckels, Board member
45
SEC EDGARGarrett A. Garrettson, Board member
46
SEC EDGARGeorge H. Bruns Jr., Board member
47
SEC EDGARKen A. Harvey, Board member
48
SEC EDGARRobert C. Wilson, Board member
49
SEC EDGARGRESHAM WORLDWIDE, INC. Form D naming Robert Smith
50
SEC EDGARLaurence W. Lytton SC 13G/A on GRESHAM WORLDWIDE, INC.
51
SEC EDGARAWM Investment Company, Inc. SC 13G/A on GRESHAM WORLDWIDE, INC.
52
SEC EDGARCornelis F. Wit SC 13G/A on GRESHAM WORLDWIDE, INC.