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SMTC Corporation Reports Fourth Quarter and Full Year Results
Reports 24% Sequential Quarterly Revenue Growth; Generates $25 Million Cash Flow for the Year
TORONTO, March 6 /PRNewswire-FirstCall/ - SMTC Corporation (Nasdaq: SMTX) (TSX: SMX), a global electronics manufacturing services (EMS) provider, today reported fourth quarter revenue of $66.8 million representing a 24% increase over third quarter revenue of $54.0 million. Net earnings of $1.0 million, or $0.07 per share, for the fourth quarter ended December 31, 2007 compares with a net loss of $1.2 million, or ($0.08) in the third quarter. The fourth quarter of 2006 was a record quarter for SMTC with revenue of $76.1 million and net income of $2.1 million, or $0.14 per share.
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