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SMTC Corp (SMTX.OQ)

SMTX.OQ on NASDAQ Stock Exchange Global Market

2.24USD
15 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Smtc Entered Into Certain Amendment No. 3 To Amended And Restated Revolving Credit And Security Agreement
Thursday, 3 Oct 2019 

Oct 3 (Reuters) - SMTC Corp ::SMTC CORP - ON SEPT 27, CO ENTERED INTO CERTAIN AMENDMENT NO. 3 TO AMENDED AND RESTATED REVOLVING CREDIT AND SECURITY AGREEMENT ("PNC AMENDMENT").SMTC-PNC AMENDMENT AMENDS MEANING OF "CONSOLIDATED EBITDA" BY ALLOWING ADDBACK FOR RESTRUCTURING,TRANSITION COSTS,CHARGES INCURRED ON/BEFORE DEC 31,2020.SMTC- AMENDMENT AMENDS MEANING OF "PERMITTED INTERCOMPANY INVESTMENTS" BY ALLOWING SOME INVESTMENTS BY DOMESTIC LOAN TO/IN SMTC ELECTRONICS DONGGUAN.  Full Article

SMTC Corp To Exit China; Provides Updated Guidance For 2019, Initial 2020 Guidance
Friday, 20 Sep 2019 

Sept 19 (Reuters) - SMTC Corp ::SMTC CORPORATION ANNOUNCES PLAN TO EXIT CHINA; PROVIDES UPDATED GUIDANCE FOR FISCAL 2019 AND PROVIDES INITIAL 2020 GUIDANCE.SMTC CORP - PLANS TO WIND-DOWN ITS CHINESE MANUFACTURING OPERATIONS.SMTC CORP - PLANS TO WIND-DOWN ITS CHINESE MANUFACTURING OPERATIONS WHEN ITS CURRENT DONGGUAN, CHINA FACILITY LEASE EXPIRES IN DECEMBER 2019.SMTC CORP - EXPECTS TO RECORD, RELATED TO CLOSURE OF ITS CHINA MANUFACTURING OPERATIONS, RESTRUCTURING AND OTHER CHARGES OF $5.4 MILLION TO $5.8 MILLION.SMTC CORP - CUSTOMER CONCERNS ABOUT UNCERTAINTIES RELATING TO IMPACT OF TARIFFS & MACRO-ECONOMIC FACTORS CAUSED A NUMBER OF CUSTOMERS.SMTC CORP - "IN ADDITION TO CHINA CLOSURE, WE ARE SEEING SOFTNESS IN CERTAIN END-MARKETS ACROSS SEMICONDUCTOR AND DATA CENTER EXPANSIONS".SMTC CORP - EXPECT TO GENERATE UP TO $14 MILLION OF CASH FLOW FROM OPERATING ACTIVITIES FOR FULL YEAR OF 2020.SMTC CORP - CONCERNS ABOUT UNCERTAINTIES CAUSED CUSTOMERS TO RE-EVALUATE DEMAND FOR SOME OF PRODUCTS & RECONSIDER WHERE THEY OUTSOURCE MANUFACTURING.SMTC CORP SEES 2019 REVENUE $354 MILLION - $362 MILLION.SMTC CORP SEES 2020 REVENUE $390 MILLION - $410 MILLION.SMTC CORP - CURRENT EXPECTATIONS FOR 2019 REVENUE EXCLUDES $16 MILLION OF 2019 REVENUES ATTRIBUTABLE TO SMTC'S OPERATIONS IN CHINA.  Full Article

SMTC Corp Qtrly Revenue $90.9 Mln
Friday, 9 Aug 2019 

Aug 8 (Reuters) - SMTC Corp ::SMTC - QTRLY REVENUE $90.9 MILLION, UP 10.9% ON A PROFORMA BASIS.SMTC CORPORATION REPORTS SECOND QUARTER RESULTS.SMTC - QTRLY LOSS PER SHARE $0.10.SMTC - "WITH TARIFF CONCERNS HIGH ON MIND OF OUR CUSTOMERS, WE INCURRED ADDITIONAL COSTS IN Q2 AS WE SHIFTED SOME CUSTOMER PRODUCTION TO MEXICO".SMTC - EXPECT CUSTOMER DEMAND MAY BE IMPACTED OVER H2 AS CUSTOMERS CONTINUE TO REACT AND ADJUST TO ONGOING GEO-POLITICAL IMPACTS ON GLOBAL TRADE.SMTC CORP - CURRENT EXPECTATION FOR REVENUE AND ADJUSTED EBITDA FOR 2019 WILL MORE LIKELY APPROACH LOWER END OF OUR PRIOR GUIDANCE.  Full Article

Smtc Corp Reports Q1 EPS Of $0.05
Thursday, 9 May 2019 

May 8 (Reuters) - SMTC Corp ::SMTC CORP REPORTS FIRST QUARTER 2019 RESULTS.Q1 EARNINGS PER SHARE $0.05.Q1 REVENUE $102.6 MILLION.SEES 2019 REVENUE $393 - $408 MILLION.SEES 2019 ADJUSTED EBITDA RANGE $27 - $29 MILLION.  Full Article

SMTC Corp Files For Mixed Shelf Offering For Up To $50 Mln
Tuesday, 19 Mar 2019 

March 18 (Reuters) - SMTC Corp ::SMTC CORP FILES FOR MIXED SHELF OFFERING FOR UPTO $50 MILLION - SEC FILING.  Full Article

SMTC Qtrly Loss Per Share $0.05
Friday, 15 Mar 2019 

March 14 (Reuters) - SMTC Corp ::Q4 LOSS PER SHARE $0.05.Q4 ADJUSTED EARNINGS PER SHARE $0.02.QTRLY REVENUE INCREASED $42.2 MILLION, OR 109.3% TO $80.9 MILLION.SEES Q1 2019 REVENUE $96 - $100 MILLION.SEES Q1 2019 ADJUSTED EBITDA RANGE $5.3 - $5.8 MILLION.  Full Article

SMTC Corp Stockholders May Sell Or Dispose Of Up To 630,920 Shares
Tuesday, 8 Jan 2019 

Jan 7 (Reuters) - SMTC Corp ::SMTC CORP - SELLING STOCKHOLDERS MAY SELL OR OTHERWISE DISPOSE OF UP TO 630,920 SHARES OF CO'S COMMON STOCK - SEC FILING.  Full Article

SMTC Corp Acquires MC Assembly Holdings
Friday, 9 Nov 2018 

Nov 9 (Reuters) - SMTC Corp ::SMTC CORPORATION ACQUIRES MC ASSEMBLY HOLDINGS, INC. IN TRANSFORMATIVE TRANSACTION.SMTC CORP - PURCHASE PRICE AT CLOSING WAS $65 MILLION,.SMTC CORP - PROCEEDS OF NEW DEBT FINANCING PACKAGE, WITH CASH FROM SMTC'S BALANCE SHEET, FUNDED TRANSACTION AND RELATED FEES AND EXPENSES.  Full Article

SMTC Corporation Invests In Its U.S. And Mexican Operations
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - SMTC Corp ::SMTC CORPORATION INVESTS IN ITS U.S. AND MEXICAN OPERATIONS.SMTC-ORDERS IN EXCESS OF $15 MILLION FROM NEW MEDICAL CUSTOMERS THAT WERE CONDITIONED UPON BEING AWARDED ISO 13485 ACCREDITATION WHICH CO RECENTLY OBTAINED.  Full Article

SMTC Corp Forecasts Q2 Revenue Of $43.5 Mln To $45 Mln
Tuesday, 24 Jul 2018 

July 23 (Reuters) - SMTC Corp ::SMTC CORPORATION ANNOUNCES TERMS OF $13 MILLION RIGHTS OFFERING TO ITS STOCKHOLDERS AND PROVIDES 2018 GUIDANCE.SMTC CORP SEES Q2 REVENUE $43.5 MILLION TO $45.0 MILLION.SMTC CORP SEES Q3 AND Q4 REVENUE $48.0 MILLION TO $51.0 MILLION.  Full Article