SMTC Corporation Reports Strong Second Quarter Growth

 

Supplementary Information:          
           
Reconciliation of Adjusted EBITDA            
           
   Three months ended   Six months ended
   July 1,  
2018
  April 1,  
2018
  July 2,  
2017
  July 1,  
2018
  July 2,  
2017
           
Net earnings (loss) $  (97)  8  $  (6,013) $  (89) $  (6,390)
Add (deduct):          
Depreciation    769     774     971     1,543     1,950 
Interest    403     307     217     710     396 
Income tax expense    234     26     154     260     147 
EBITDA $  1,309  $  1,115  $  (4,671) $  2,424  $  (3,897)
Stock compensation expense (reversal)  77     126     (7)      203         196  
Restructuring charges       96         -         1,351         96         1,351  
Unrealized foreign exchange loss (gain)                     
  on unsettled forward exchange contracts     89         (319 )       (284 )       (230 )       (1,556 )
Adjusted EBITDA   $   1,571     $   922     $   (3,611 )   $   2,493     $   (3,906 )
                     

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