SMTC Corporation Announces Third Quarter Results



Supplementary Information:       
Reconciliation of Adjusted Gross Profit and Adjusted Gross Profit Percentage  
(Unaudited)       
  Three months ended  Nine months ended
(Expressed in thousands of U.S. dollars) September 27,
2020
  September 29,
2019
  September 27,
2020
  September 29,
2019
        
Gross Profit$11,102  $8,906  $31,427  $26,527 
Add (deduct):       
Amortization of intangible assets 354   1,844   2,718   5,532 
Unrealized foreign exchange gain       
on unsettled forward exchange contracts (261)  -   (720)  - 
COVID-19 related expenses 1,348   -   2,533   - 
Adjusted Gross Profit$12,543  $10,750  $35,958  $32,059 
Adjusted Gross Profit Percentage 12.6%  12.1%  12.6%     11.4 %

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