For the fourth quarter the company reported a net loss of
$2.5 million on sales of $48 million. SMTC took $700,000 in restructuring
and other one-time charges. SMTC lost $2.6 million on revenue of $76.9 million a year ago.
For the quarter net sales were up 47%
increase from last year on higher demand for semiconductor capital equipment, aerospace and
defense, industrial and medical gear. The net loss was $1.3 million, vs. a net loss of $6.1 million.
For the year, the net loss was $4.5 million, vs. a net loss of $34.3 million in 2003.
The operating loss improved to $400,000 from $5.5 million
a year ago. Sequentially, fourth-quarter net sales decreased 10%, due to lower
demand for semiconductor tools.