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
Despite facing financial challenges, SigmaTron reported total net sales of $307.5 million for the nine months ended January 31, 2023. This indicates a strong revenue performance, as the company continues to cater to its diverse customer base and maintain its market position in the electronic manufacturing services industry.
ntroduction
SigmaTron International, Inc. released its Condensed Consolidated Financial Statements for the nine months ended January 31, 2023. The report shows a net loss of $20.8 million, which the company attributes to various factors, including impairments of goodwill, long-lived assets, and intangible assets. Despite these challenges, SigmaTron displayed resilience by generating impressive revenue of $307.5 million during the same period.
The company's total current assets were reported at $229.6 million, while total assets stood at $277.2 million as of January 31, 2023. SigmaTron's current liabilities amounted to $198.4 million, with total liabilities reaching $209.3 million. The stockholders' equity was reported at $67.9 million, showcasing the company's financial stability.
SigmaTron International, Inc. remains committed to its customer-centric approach and maintaining a competitive edge in the electronic manufacturing services industry. The company continues to invest in its equipment and technology, ensuring high-quality products and services for its customers.