SMTC Corp. (SMTX) Reports Q1 Loss of $0.03
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SMTC Reports First Quarter Results
April 28, 2015 5:00 PM EDTReports revenue of $48.7 million, a 16.0% decline compared to $58.0 million in the prior year. Reports $1.4 million or 2.9% in adjusted EBITDA, a 14.2% increase compared to prior year of $1.2 million or 2.1%. Reports gross profit of 7.4% compared to 8.1% in the prior year. When excluding the effects of the unrealized portion of foreign exchange on derivative financial instruments, gross profit was 8.1% compared to 7.7% in the prior year. Reports net loss of $0.4 million compared to net loss of $0.8 million in the prior year, reflecting continued operating improvement. Positive cash flow from operations of $1.8 million compared to $1.4 million in... More
SMTC Reports First Quarter Results
April 28, 2015 5:00 PM EDTReports revenue of $48.7 million, a 16.0% decline compared to $58.0 million in the prior year. Reports $1.4 million or 2.9% in adjusted EBITDA, a 14.2% increase compared to prior year of $1.2 million or 2.1%. Reports gross profit of 7.4% compared to 8.1% in the prior year. When excluding the effects of the unrealized portion of foreign exchange on derivative financial instruments, gross profit was 8.1% compared to 7.7% in the prior year. Reports net loss of $0.4 million compared to net loss of $0.8 million in the prior year, reflecting continued operating improvement. Positive cash flow from operations of $1.8 million compared to $1.4 million in... More
