Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Nature of the Business

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Note 1 - Nature of the Business
9 Months Ended
Oct. 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 worldwide provider of advanced electronics manufacturing services to original equipment manufacturers. The Company services its customers through manufacturing and technology centers located in the United States, Mexico and China. All facilities provide a full suite of integrated manufacturing services including assembly, testing, box build, final product integration, and expanded supply chain capabilities. In addition, the Company operates an international sourcing and procurement office in Hong Kong.
 
The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with the accounting principles and methods of application disclosed in the audited consolidated financial statements within the Company
’s Annual Report on Form
10
-K for the fiscal period ended
January 1, 2017 (
“Form
10
-K”) filed with the Securities and Exchange Commission (the “SEC”) on
March 9, 2017.
The accompanying unaudited interim consolidated financial statements include adjustments of a normal, recurring nature that are, in the opinion of management, necessary for a fair statement of the consolidated financial statements under generally accepted accounting principles in the United States (“U.S. GAAP”). These unaudited interim consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements contained in the Company’s Form
10
-K. The consolidated balance sheet at
January 1, 2017
was derived from the audited annual consolidated financial statements contained in the Company’s Form
10
-K, but does
not
contain all of the footnote disclosures from the annual consolidated financial statements. The results of Operations for the interim periods are
not
necessarily indicative of results that
may
be expected for any other interim period or the full year.
 
Unless otherwise specified or the context requires otherwise, all statements in these notes to the interim consolidated financial statements regarding financial figures are expressed in thousands of U.S. dollars.