SMTC Corporation (SMTX) Reports Q2 EPS of $0.00

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SMTC Reports Second Quarter Results

August 12, 2014 4:30 PM EDT

Reports second quarter revenue of $58.0 million.   Reports $1.5 million in adjusted EBITDA compared to $1.2 million in the first quarter.   Gross profit was 10.0% compared to 7.6% in prior quarter. However, gross profit was 8.6% compared to 7.4% in the prior quarter when excluding unrealized foreign exchange gains of $0.8 million and $0.1 million, respectively.   Net income reported of $0.03 million compared to a net loss of $1.1 million in prior quarter.

TORONTO, Aug. 12, 2014 (GLOBE NEWSWIRE) -- SMTC Corporation (Nasdaq: SMTX) ("SMTC"), a global electronics manufacturing services provider, today announced second quarter 2014 unaudited results.

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