SMTC Corporation Announces Fourth Quarter and Full Year 2020 Financial Results
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Supplementary Information: | | | | | | | | | |
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Reconciliation of Adjusted Gross Profit and Adjusted Gross Profit Percentage | | | | | |
| (Unaudited) | | | | | | | | | |
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Three months ended | |
Twelve months ended | |
| (Expressed in thousands of U.S. dollars) | |
January 3, 2021 | |
December 29, 2019 | |
January 3, 2021 | |
December 29, 2019 | |
| | | | | | | | | | |
| Gross Profit | | $ | 11,846 | | | $ | 10,494 | | | $ | 43,273 | | | $ | 37,021 | | |
| Add (deduct): | | | | | | | | | |
| Amortization of intangible assets | | | 328 | | | | 1,656 | | | | 3,046 | | | | 7,188 | | |
| Unrealized foreign exchange gain | | | | | | | | | |
| on unsettled forward exchange contracts | | | (335 | ) | | | - | | | | (1,055 | ) | | | - | | |
| COVID-19 related expenses | | | 924 | | | | - | | | | 3,457 | | | | - | | |
| Adjusted Gross Profit | | $ | 12,763 | | | $ | 12,150 | | | $ | 48,721 | | | $ | 44,209 | | |
| Adjusted Gross Profit Percentage | | | 12.6 | % | | | 13.5 | % | | | 12.6 | % | | | 11.9 | % | |
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