SMTC Corporation Announces Third Quarter Results

Note: Adjusted Gross Profit, Adjusted Gross Profit Percentage, Adjusted Net Income, Adjusted Earnings Per Common Share (Adjusted EPS), EBITDA, Adjusted EBITDA, Adjusted EBITDA Percentage, and Net Debt (each as defined below) are non-GAAP measures. Please refer to the section below labeled “Non-GAAP Information” and the various reconciliations to the applicable most directly comparable GAAP measures shown below in this press release.

Management Commentary

“Our sales organization continues to gain market share and expand our sales funnel, including $46 million in new awards and bookings during the third quarter, from five new customers and one existing customer. I am pleased that we are beginning to see an acceleration of customer programs moving through the customer certification process, into new product introduction phase and entering production that will continue to ramp in 2021,” said Ed Smith, SMTC’s President and Chief Executive Officer.

Revenue by Industry Sector

Industry Sector Three months ended
Sept. 27, 2020
Three months ended
Sept. 29, 2019
Change
Dollars in millions $  %  $  %  $ %
Industrial IoT, Power and Clean Technology37.0 37.2 36.7 41.4 0.3 0.8 
Semiconductors16.0 16.1 7.3 8.2 8.7 119.2 
Avionics, Aerospace and Defense12.0 12.1 5.2 5.9 6.8 130.8 
Medical and Safety11.3 11.4 10.5 11.8 0.8 7.6 
Retail and Payment Systems10.3 10.4 10.6 12.0   (0.3 ) (2.8 )
Test and Measurement 8.1   8.1   8.8   9.9   (0.7 ) (8.0 )
Telecom, Networking and Communications 4.8   4.8   9.6   10.8   (4.8 ) (50.0 )
Total 99.5   100.0   88.7   100.0   10.8   12.3  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »



Review Article Be the first to review this article

 Advanced Asembly

Featured Video
Editorial
Roberto FrazzoliEDACafe Editorial
by Roberto Frazzoli
IBM’s 2nm chip; EDA updates; AI updates; acquisitions
More Editorial  
Latest Blog Posts
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Happening Today: The ESD Alliance CEO Outlook
Anupam BakshiAgnisys Automation Review
by Anupam Bakshi
Automating the UVM Register Abstraction Layer (RAL)
Jobs
Business Operations Planner for Global Foundaries at Santa Clara, California
Sr Engineer - RF/mmWave IC Design for Global Foundaries at Santa Clara, California
ASIC SoC Verification Engineer for Ericsson at Austin, Texas
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
Pre-silicon Design Verification Engineer for Intel at Santa Clara, California
ASIC Engineer for Juniper Networks at Sunnyvale, California
Upcoming Events
DVCon China 2021 at Shanghai China - May 26, 2021
CadenceLIVE Americas 2021 at United States - Jun 8 - 9, 2021
DesignCon 2021 at San Jose McEnery Convention Center San Jose, CA San Jose CA - Aug 16 - 18, 2021
True Circuits PHY



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise