Annual report pursuant to Section 13 and 15(d)

Note 1 - Nature of the Business

v3.7.0.1
Note 1 - Nature of the Business
12 Months Ended
Jan. 01, 2017
Notes to Financial Statements  
Business Description and Basis of Presentation [Text Block]
1.
Nature of the business
 
SMTC Corporation (the “Company”) is a provider of end-to-end electronics manufacturing services, or EMS, including product design and sustaining engineering services, printed circuit board assembly, or PCBA, production, enclosure fabrication, cable assembly, systems integration and comprehensive testing services, configuration to order, build to order and direct order fulfilment. SMTC facilities span a broad footprint in the United States, Mexico, and China, with approximately
1,235
employees of which
1,177
are full-time employees. 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. SMTC offers fully integrated contract manufacturing services to global original equipment manufacturers, or OEMs, and technology companies primarily within the industrial, computing and communications, power and energy and medical market segments. In addition, the Company operates an international sourcing and procurement office in Hong Kong and maintains its corporate headquarters in Markham, Canada.
 
The Company’s financial reporting year is a
52
or
53
week fiscal period, ending on the Sunday nearest
December
31.
Accordingly, the consolidated statements of operations and comprehensive loss, the consolidated statements of changes in shareholders’ equity, and consolidated statements of cash flows are reported for the periods from
January
4,
2016
to
January
1,
2017
(“year ended
January
1,
2017”),
December
29,
2014
to
January
3,
2016
(“year ended
January
3,
2016”),
and
December
30,
2013
to
December
28,
2014
(“year ended
December
28,
2014”).