SMTC Corp. (SMTX) Reports Q3 Loss of $0.08
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SMTC Reports Third Quarter Results
October 27, 2015 5:00 PM EDTReports revenue of $53.4 million, compared to $55.5 million in the prior year. Reports gross profit of 5.8% compared to 8.2% in the prior year. When excluding the effects of the unrealized portion of foreign exchange on derivative financial instruments, adjusted gross profit was 7.3% compared to 9.9% in the prior year. Also included in gross profit was a realized foreign exchange loss on derivative instruments of $1.2 million compared to a loss of $0.1 million in the prior year. Reports a net loss of $1.3 million compared to a net loss of $0.8 million in the prior year. Reports $1.0 million or 1.9% in adjusted EBITDA after... More
SMTC Reports Third Quarter Results
October 27, 2015 5:00 PM EDTReports revenue of $53.4 million, compared to $55.5 million in the prior year. Reports gross profit of 5.8% compared to 8.2% in the prior year. When excluding the effects of the unrealized portion of foreign exchange on derivative financial instruments, adjusted gross profit was 7.3% compared to 9.9% in the prior year. Also included in gross profit was a realized foreign exchange loss on derivative instruments of $1.2 million compared to a loss of $0.1 million in the prior year. Reports a net loss of $1.3 million compared to a net loss of $0.8 million in the prior year. Reports $1.0 million or 1.9% in adjusted EBITDA after... More
