SMTC Corporation Announces Third Quarter Results



Consolidated Statements of Operations and Comprehensive Income (Loss)  
(Unaudited)       
  Three months ended   Nine months ended
(Expressed in thousands of U.S. dollars, except number of shares and per share amounts) September 27,
2020
  September 29,
2019
  September 27,
2020
  September 29,
2019
        
Revenue$99,547  $88,682  $285,091  $282,267 
Cost of sales 88,445   79,776   253,664   255,740 
Gross profit 11,102   8,906   31,427   26,527 
Selling, general and administrative expenses 6,710   6,549   21,036   19,908 
Gain on contingent consideration -   -   -   (3,050)
Restructuring charges 871   6,454   525   8,624 
Operating earnings 3,521   (4,097)  9,866   1,045 
Fair value loss (gain) on warrant liability 133   (858)  15   (919)
Interest expense 1,941    2,679       6,021       8,349  
Net income (loss) before income taxes   1,447       (5,918 )     3,830       (6,385 )
Income tax expense (recovery)              
Current   286       (103 )     872       592  
Deferred   (82 )     (81 )     (15 )     14  
    204       (184 )     857       606  
Net income (loss) and comprehensive income (loss) $ 1,243     $ (5,734 )   $ 2,973     $ (6,991 )
               
Basic income (loss) per share $ 0.04     $ (0.20 )   $ 0.11     $ (0.28 )
Diluted income (loss) per share $ 0.04     $ (0.20 )   $ 0.10     $ (0.28 )
               
Weighted average number of shares outstanding              
Basic   28,214,800       28,057,763       28,207,943       24,954,875  
Diluted   29,636,319       28,057,763       29,629,462       24,954,875  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »
Featured Video
Jobs
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise