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SMTC Corporation (Nasdaq: SMTX) has secured a multi-million dollar, multi-year contract from Violet Defense to manufacture pulsed Xenon UV disinfection devices, effective September 1, 2020. These advanced devices can eliminate up to 99.9% of bacteria and viruses, including coronavirus, and are designed for diverse environments. Manufacturing will occur at SMTC's Melbourne, Florida facility, which holds various industry accreditations. This partnership aims to meet the growing demand for effective disinfection solutions amid the ongoing COVID-19 pandemic.
SMTC Corporation (Nasdaq: SMTX), a leading global electronics manufacturing services provider, will participate in the 9th Annual Gateway Conference on September 9-10, 2020. The company's President and CEO, Ed Smith, along with CFO Steve Waszak, will offer business updates in one-on-one meetings via teleconference. Interested parties can schedule these meetings through the conference's online platform or contact Peter Seltzberg of Darrow Associates. Additionally, a public webcast will be available on SMTC’s Investor Relations page.
Founded in 1985, SMTC offers comprehensive EMS solutions across various sectors.
SMTC Corporation (Nasdaq: SMTX) reported its Q2 2020 results with revenues of $90.4 million, a 5.0% decline from Q1 2020. The company recorded an EPS of $0.03 and adjusted EPS of $0.08. Net income was $1.0 million with EBITDA at $5.8 million. SMTC secured over $130 million in new orders over three quarters, including $26 million in Q2. Adjusted EBITDA for H2 2020 is forecasted between $13.7 million and $15.0 million. The company continues to adapt to COVID-19 impacts, incurring $1.2 million in related expenses.
SMTC Corporation (Nasdaq: SMTX) will report its second quarter 2020 results on August 5, 2020, after market close. A conference call will follow on August 6, 2020, at 8:30 am ET. Investors can access the call via the Investor Relations section of SMTC's website or by phone. SMTC, recognized for its customer value leadership, operates over 50 manufacturing lines in the U.S. and Mexico, providing a comprehensive range of electronics manufacturing services.
SMTC Corporation (Nasdaq: SMTX) has reported its first quarter 2020 results, showcasing a revenue of $95.1 million, marking a 5.4% sequential increase despite a 7.3% decline compared to Q1 2019. The company added four new customers and anticipates future revenue exceeding $57 million from new and existing client programs. Q2 projections estimate revenue between $96 million to $99 million and an Adjusted EBITDA of $5.7 million to $6.4 million, not accounting for $1.2 million in COVID-19 related expenses.
SMTC Corporation (Nasdaq:SMTX) announced its participation in the Oppenheimer 5th Annual Emerging Growth Conference on May 12, 2020, in New York City, held virtually. Ed Smith, CEO, and Steve Waszak, CFO, will discuss business updates and opportunities through one-on-one meetings throughout the day. Interested parties can schedule meetings via their Opco sales representatives or by contacting Peter Seltzberg from Darrow Associates at 516-419-9915. The updated investor presentation will be accessible on SMTC's website.
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