| Supplementary Information: | |||||||||||||||
| Reconciliation of Adjusted EBITDA | |||||||||||||||
| Three months ended | Nine months ended | ||||||||||||||
| Note 1 | Note 1 | ||||||||||||||
|
September 29,
2019 |
September 30,
2018 |
September 29,
2019 |
September 30,
2018 | ||||||||||||
| Net income (loss) | $ | (5,734 | ) | $ | 864 | $ | (6,991 | ) | $ | 775 | |||||
| Add (deduct): | |||||||||||||||
| Depreciation of property, plant and equipment | 1,649 | 883 | 4,902 | 2,426 | |||||||||||
| Amortization of Intangible assets | 1,844 | - | 5,532 | - | |||||||||||
| Interest | 2,679 | 485 | 8,349 | 1,195 | |||||||||||
| Income tax expense (recovery) | (184 | ) | 145 | 606 | 405 | ||||||||||
| EBITDA | $ | 254 | $ | 2,377 | $ | 12,398 | $ | 4,801 | |||||||
| Add (deduct): | |||||||||||||||
| Stock compensation expense | 353 | 75 | 538 | 278 | |||||||||||
| Fair value adjustment of warrant liability | (858 | ) | - | (919 | ) | - | |||||||||
| Restructuring charges | 6,454 | 58 | 8,624 | 154 | |||||||||||
| Merger and acquisitions related expenses | 68 | - | 232 | - | |||||||||||
| Fair value adjustment of contingent consideration | - | - | (3,050 | ) | - | ||||||||||
| Unrealized foreign exchange gain | |||||||||||||||
| on unsettled forward exchange contracts | - | (108 | ) | - | (338 | ) | |||||||||
| Adjusted EBITDA | $ | 6,271 | $ | 2,402 | $ | 17,823 | $ | 4,895 | |||||||
| Adjusted EBITDA Percentage | 7.1 | % | 4.5 | % | 6.3 | % | 3.6 | % | |||||||
| Note 1: Reflects historical SMTC results as filed | |||||||||||||||
|
SMTC Corporation Reports Third Quarter Results
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