SMTC Corporation Reports Third Quarter Results
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Supplementary Information: |
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Reconciliation of Adjusted Net (Loss) Income |
Three months ended |
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Nine months ended |
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September 29,
2019 | |
September 30,
2018 |
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September 29,
2019 | |
September 30,
2018 |
| Net income (loss) | $ | (5,734 | ) | | $ | 864 | | | $ | (6,991 | ) | | $ | 775 | |
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| add back | | | | | | | | | | | |
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| Amortization of intangible assets | 1,844 | | | - | | | 5,532 | | | - | |
| Unrealized foreign exchange gain | | | | | | | | | | | |
| on unsettled forward exchange contracts | - | | | (108 | ) | | - | | | (338 | ) |
| Stock compensation expense | 353 | | | 75 | | | 538 | | | 278 | |
| Fair value adjustment of warrant liability | (858 | ) | | - | | | (919 | ) | | - | |
| Restructuring charges | 6,454 | | | 58 | | | 8,624 | | | 154 | |
| Merger and acquisitions related expenses | 68 | | | - | | | 232 | | | - | |
| Fair value adjustment of contingent consisderation | - | | | - | | | (3,050 | ) | | - | |
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| Adjusted net income | 2,127 | | | 889 | | | 3,966 | | | 869 | |
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