DALLAS, Jan. 26, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring SMTC Corp. (Nasdaq:SMTX). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/SMTX
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SMTC Corporation (SMTX) 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. SMTX facilities are located in the United States, Canada, Mexico and China.
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In the report, the analyst notes:
"SMTX a global electronics manufacturing services provider, yesterday reported 2009 third-quarter results. Revenue for the quarter increased sequentially by $5.0 million or 13% to $44.2 million. In comparison to the pre-recession third quarter of 2008, revenue was $8.9 million lower. Net income for the quarter at $0.2 million compares with net loss of $3.4 million in the second quarter of 2009 and net income of $0.1 million for the comparable period last year.
"SMTX in late September reported that it received a notice from The Nasdaq Stock Market stating that the minimum bid price of the Company's common stock was below $1.00 per share for 30 consecutive business days and that the Company was therefore not in compliance with Marketplace Rule 5450(a)(1). This notification has no effect on the listing of the Company's common stock at this time. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), SMTC will be provided 180 calendar days, or until March 15, 2010 to regain compliance…"
To read the entire report visit: http://www.beaconequity.com/i/SMTX
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