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Smtc Corp  (SMTX)
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EARNINGS REPORT by CSIMarket

Impairment charge hurt Smtc Corp


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Assets impairment charges of $3 million, widen comany's losses in the second quarter 2017



Weak demand caused increase in losses for the second quarter 2017, company's loss per share grew to $-0.36 from $-0.04 where Sales fell by -24.35 % to $33 millions from $44 millions a year ago.

In contrast to the first quarter 2017 Sales decreased by -0.55 % from $33 millions and increased losses from $-0.02 per share.

For the second quarter 2017 Smtc Corp realized net loss of $-6 million, bigger than $-1 million a year ago.

The losses from it's business operations, were increased by $3 million impairment charges.
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