Annual report pursuant to Section 13 and 15(d)

Note 1 - Nature of the Business

v3.19.1
Note 1 - Nature of the Business
12 Months Ended
Dec. 30, 2018
Notes to Financial Statements  
Business Description and Basis of Presentation [Text Block]
1.
Nature of the business
   
  SMTC Corporation (the “Company” or “SMTC”) 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
3,291
employees of which
2,758
were full time and contract 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 test and measurement, retail and payment systems, telecom, networking and communications, medical, industrial, power and clean technology, semiconductor, and defense and aerospace market segments. In addition, the Company operates an international sourcing and procurement office in Hong Kong and a supply chain center in the United States.
   
  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 1, 2018
to
December 30, 2018 (
“year ended
December 31, 2018”),
January 2, 2017
to
December 31, 2017 (
“year ended
December 31, 2017”),
January 4, 2016
to
January 1, 2017 (
“year ended
January 1, 2017”).