Exhibit 99.1

NEWS RELEASE

Giga-tronics Reports Second Quarter FY 2016 Results

San Ramon, CA – November 9, 2015 – Giga-tronics Incorporated (Nasdaq: GIGA) reported today net sales for the second quarter of fiscal 2016 of $3.1 million, a 39% decrease as compared to $5.1 million for the second quarter of fiscal 2015. Net sales for the six month period ended September 26, 2015 were $7.4 million, a decrease of 23%, compared to $9.6 million for the six month period ended September 27, 2014. The decreases in net sales are primarily due to the winding down of a $6.2 million nonrecurring YIG engineering (NRE) order, a decrease in the size of the Navy 8003 orders, from $2.4 million in fiscal 2015 to $1.5 million in fiscal 2016, and delays in the second quarter of fiscal 2016 of shipments due to late arriving materials from our suppliers and technical issues associated with the new Advanced Signal Generator.

Net loss for the second quarter of fiscal 2016 was $1.3 million, or $0.20 per fully diluted common share. This compares to a net income for the second quarter of fiscal 2015 of $93,000, or $0.01 per fully diluted common share. Net loss for the six month period ended September 26, 2015 was $1.9 million, or $0.30 per fully diluted common share. This compares to a net loss of $350,000, or $0.07 per fully diluted common share for the six month period ended September 27, 2014. The net losses were primarily due to the decreases in net sales.

Non-GAAP net loss for the second quarter of fiscal 2016 was $1.2 million, or $0.18 per fully diluted common share, compared to a non-GAAP net income for the second quarter of fiscal 2015 of $262,000, or $0.03 per fully diluted common share. Non-GAAP net loss for the six month period ended September 26, 2015 was $1.3 million, or $0.21 per fully diluted common share, compared to a non-GAAP net income for the six month period ended September 27, 2014 of $120,000, or $0.01 per fully diluted common share. Non-GAAP net loss excludes non-cash expenses associated with the derivative revaluation and discount accretion of debt and warrant agreements as well as stock-based compensation (1).

Mr. John Regazzi, the Company's CEO stated, “Our revenue target for the second quarter of fiscal 2016 was heavily dependent upon shipments of the new Advanced Signal Generator and RADAR filters for military aircraft as we continue to focus on the electronic warfare segment and move away from our traditional markets. New customer wins and the first high volume orders for the Advanced Signal Generator have now confirmed customer praise for this new systemic approach to electronic warfare simulation. After temporary delays due to material shipments and technical issues, planned second quarter deliveries resumed early in the current quarter, including multiple units of the Advanced Signal Generator.”

Giga-tronics previously announced on October 26, 2015 a lapse in AS9100C certification of its Supplier Quality Management System. Certification did not impact sales in the second quarter of fiscal 2016, but could impact future orders and shipments if the Company does not regain AS9100C certification or reach other satisfactory arrangements with those customers requiring such certification. Mr. Regazzi concluded, “We continue to work diligently on regaining AS9100C certification, and we have been working with customers on other measures that can, or will, be taken to support shipments during this lapse.”

Giga-tronics will host a conference call today at 4:30 p.m. ET to discuss the second quarter results. To participate in the call, dial (888) 424-8151 or (847) 585-4422, and enter PIN Code 9178731#. The call will also be broadcast over the internet at www.gigatronics.com under "Investor Relations." The conference call discussion reflects management's views as of November 9, 2015.

 This press release contains forward-looking statements concerning operating results, future orders, and sales of new products, long term growth, shipments, quality control certification and customer acceptance of new products. Actual results may differ significantly due to risks and uncertainties, such as: delays in customer orders for the new Advanced Signal Generation System and our ability to manufacture it, receipt or timing of future orders, cancellations or deferrals of existing or future orders, our need for additional financing, probable delisting from trading on the NASDAQ Capital Market and moving to the OTCQB marketplace; the volatility in the market price of our common stock; the ability to regain AS9100C or substantially equivalent certification; and general market conditions.  For further discussion, see Giga-tronics' most recent annual report on Form 10-K for the fiscal year ended March 28, 2015 Part I, under the heading "Risk Factors" and Part II, under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations".

(1) Non-GAAP net loss and non-GAAP loss per common share, differ from net loss and loss per common share determined in accordance with GAAP (Generally Accepted Accounting Principles in the United States). Non-GAAP net loss and non-GAAP loss per common share for the three and six month periods ended September 26, 2015 exclude the effects of the revaluation of the derivative liability as well as the accretion of the discounts on debt notes entered into in March and June of 2014. These numbers also exclude the impact of Stock Based Compensation. These non-GAAP financial measures are not prepared in accordance with GAAP and should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. A schedule reconciling non-GAAP financial measures is included in the financial information appearing at the end of this press release. Giga-tronics utilizes both GAAP and non-GAAP financial measures to assess what it believes to be its core operating performance to evaluate and manage its internal business and to assist in making financial operating decisions. Giga-tronics believes that the inclusion of non-GAAP financial measures, together with GAAP measures, provides investors with an alternative presentation useful to investors' understanding of Giga-tronics’ core operating results and trends. Additionally, Giga-tronics believes that the inclusion of non-GAAP measures, together with GAAP measures, provides investors with an additional dimension of comparability to similar companies. However, investors should be aware that non-GAAP financial measures utilized by other companies are not likely to be comparable in most cases to the non-GAAP financial measures used by Giga-tronics.

RECONCILATION OF NET INCOME/(LOSS) TO NON-GAAP NET INCOME/(LOSS)

(Unaudited in thousands, except per share data)

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