BUSINESS SUMMARY
SMTC Corporation (SMTC) is a mid-tier provider of end-to-end electronics manufacturing services (EMS), including product design and sustaining engineering services, printed circuit board assembly (PCBA) production, enclosure fabrication and systems integration and comprehensive testing services. SMTC facilities are located in the United States, Canada, Mexico and China. SMTC's services extend over the entire electronic product life cycle from the development and introduction of new products through to growth, maturity and end-of-life phases. During the year ended December 31, 2005, 48% of the Company's revenue was attributed to the industrial, 34% to the enterprise computing and networking and 18% to the communications industries.

FINANCIAL SUMMARY - Last Updated: 05/31/07
BRIEF: For the three months ended 1 April 2007, SMTC Corporation's revenues increased 16% to $69.5M. Net income totaled $2.8M, up from $951K. Revenues reflect increased sales from Canada and Mexico. Net income also reflects higher gross margins, decreased selling, general & administrative cost due to lower variable compensation and the presence of $1.6M recovery from income tax related to a release of a reserve.