SigmaTron International Reports Net Loss of $20.8 Million for the Nine Months Ended January 31, 2023

SigmaTron International, Inc.(SGMA), a leading electronic manufacturing services company, has released its Condensed Consolidated Financial Statements for the nine months ended January 31, 2023. The report reveals a net loss of $20.8 million during this period. Despite the challenging financial performance, SigmaTron achieved a noteworthy revenue of $307.5 million, reflecting the company's resilience in the dynamic market.

Net Income/Loss

SigmaTron International, Inc. recorded a net loss of $20.8 million for the nine months ended January 31, 2023. This figure reflects the operating challenges faced by the company during the period, including impairment of goodwill, long-lived assets, and intangible assets. The net loss was also impacted by interest expenses and income tax expenses.

Revenue