TORONTO – Electronics manufacturing services provider SMTC Corp. today reported second-quarter revenue of $48.8 million, down 13% sequentially and down 31.5% year-over-year.

Income for the quarter was $700,000 before a $1.7 million restructuring charge. After restructuring, the company recorded a net loss of $1 million compared with net income of $700,000 for the prior quarter and $3.2 million for the same period last year.

The restructuring charge related to employee severances in Canada and Mexico.

The firm expects to see financial improvements by the fourth quarter of this year.

• Prev
• Next