SMTC Corporation Reports Strong Second Quarter Growth

 

Supplementary Information:           
            
Reconciliation of Adjusted Gross Profit           
            
   Three months ended   Six months ended 
   July 1,  
2018
  April 1,  
2018
  July 2,  
2017
  July 1,  
2018
  July 2,  
2017
 
            
Gross Profit $  4,283  $3,850  $  1,420  $  8,133  $  4,977  
Add (deduct):           
Unrealized foreign exchange loss (gain)            
  on unsettled forward exchange contracts    89     (319)    (284)    (230)    (1,556) 
Adjusted Gross Profit    4,372     3,531     1,136     7,903     3,421  
Adjusted Gross Profit %  9.8%  9.5%  3.4%  9.7%  5.2% 
             

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