Sigmatron International, Inc. (SGMA): Business Model Canvas [Jan-2025 Mis à jour]

Dans le monde dynamique de la fabrication d'électronique, Sigmatron International, Inc. (SGMA) apparaît comme une centrale d'innovation et de précision, offrant des solutions complètes qui transforment les défis technologiques complexes en stratégies de production rationalisées et efficaces. En fabriquant méticuleusement un modèle commercial qui s'étend sur plusieurs industries de haute technologie - de l'automobile et de l'aérospatiale aux dispositifs médicaux et aux télécommunications - Sigmatron s'est positionné comme un catalyseur critique des services de fabrication électronique de pointe. Leur approche unique combine des capacités technologiques avancées, une portée mondiale et une philosophie centrée sur le client qui les distingue dans le paysage concurrentiel de la fabrication de contrats.

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: partenariats clés

Fournisseurs de services de fabrication d'électronique (EMS)

Sigmatron International collabore avec plusieurs fournisseurs EMS pour améliorer les capacités de fabrication.

Partenaire	Emplacement	Focus de partenariat
Flex Ltd.	Singapour	Assemblage de la carte de circuit imprimé
Jabil Inc.	Saint-Pétersbourg, Floride	Fabrication de composants électroniques

Fournisseurs de composants semi-conducteurs

Sigmatron maintient des partenariats stratégiques avec les fournisseurs de semi-conducteurs.

• Texas Instruments
• Dispositifs analogiques
• Technologie des micropuces

Entreprises de recherche et de développement technologiques

Les partenariats de R&D se concentrent sur l'innovation technologique et le développement de produits.

Institution de recherche	Zone de collaboration
Rochester Institute of Technology	Techniques de fabrication avancées
Université d'État de l'Arizona	Optimisation de la conception de l'électronique

Fabricants d'équipements d'origine (OEM)

Les partenariats OEM de Sigmatron couvrent plusieurs industries.

• Fabricants d'électronique automobile
• Producteurs de systèmes de contrôle industriel
• Sociétés d'équipement de télécommunications

Partenaires de logistique de la chaîne d'approvisionnement

Les partenariats logistiques garantissent une distribution mondiale efficace.

Fournisseur de logistique	Services
FedEx Corporation	Expédition et distribution mondiales
Solutions de chaîne d'approvisionnement UPS	Gestion de la logistique intégrée

Depuis l'exercice 2023, Sigmatron International a déclaré 231,4 millions de dollars de revenus totaux, en tirant parti de ces partenariats clés pour maintenir des capacités de fabrication compétitives.

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: Activités clés

Circuit Circuit Circuit Barfing Manufacturing

Sigmatron International exploite plusieurs installations de fabrication dans différents emplacements géographiques. Depuis l'exercice 2023, la société a maintenu les capacités de fabrication dans:

Emplacement	Capacité de fabrication
Tijuana, Mexique	3 installations de fabrication
Fremont, Californie	1 installation de fabrication primaire
Shanghai, Chine	2 installations de fabrication

Services de conception et d'ingénierie de produits

Sigmatron fournit un support d'ingénierie complet avec les capacités suivantes:

• Conception de la fabrication (DFM)
• Conception de disposition de la carte de circuit imprimé (PCB)
• Développement de prototypes
• Consultation en génie avancé

Solutions de fabrication de contrats mondiaux

La société propose des services de fabrication de bout en bout dans plusieurs secteurs:

Segment de l'industrie	Pourcentage de revenus
Électronique industrielle	35%
Dispositifs médicaux	25%
Télécommunications	20%
Ordinateur / périphériques	15%
Autres secteurs	5%

Assurance et test de qualité

Sigmatron maintient des processus de contrôle de la qualité rigoureux:

• Certification ISO 9001: 2015
• Normes d'assemblage électronique de classe 3 IPC-A-610 Classe 3
• AS9100D Aerospace Quality Management Certification
• Équipement de test avancé pour une vérification complète de la qualité

Gestion et optimisation de la chaîne d'approvisionnement

Mesures clés de la chaîne d'approvisionnement pour l'exercice 2023:

Métrique	Valeur
Total des fournisseurs	287
Délai de livraison de composant moyen	12-16 semaines
Ratio de rotation des stocks	5.7
Emplacements d'approvisionnement mondial	8 pays

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: Ressources clés

Installations de fabrication avancées

Sigmatron International fonctionne 5 installations de fabrication sur plusieurs emplacements:

Emplacement	Type d'installation	Capacité de fabrication
Fremont, Californie	Fabrication d'électronique	50 000 pieds carrés.
Tijuana, Mexique	Assemblage de la carte de circuit imprimé	75 000 pieds carrés.
Suzhou, Chine	Production de composants électroniques	60 000 pieds carrés.

Ingénierie qualifiée et main-d'œuvre technique

Composition totale de la main-d'œuvre en 2023:

• Total des employés: 1 142
• Personnel d'ingénierie: 237
• Spécialistes techniques: 312
• Expérience d'ingénierie moyenne: 8,6 ans

Technologies de fabrication propriétaires

Capacités technologiques clés:

• Lignes sur la technologie de montage de surface (SMT): 12
• Lignes de technologie à travers le trou (THT): 6
• Équipement avancé de fabrication de PCB: 4 systèmes spécialisés

Vaste réseau de fabrication mondiale

Région	Sites de fabrication	Capacité de production annuelle
Amérique du Nord	2 installations	500 000 unités
Asie	2 installations	750 000 unités

Systèmes de contrôle de la qualité robustes

Métriques de gestion de la qualité:

• ISO 9001: 2015 certifié
• Taux de défaut: 0,02%
• Audits de qualité annuels: 4
• Systèmes d'inspection automatisés: 8

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: propositions de valeur

Solutions de fabrication électronique de bout en bout

Sigmatron International fournit des services de fabrication complets avec les capacités clés suivantes:

Catégorie de service	Offrandes spécifiques
Ingénierie de conception	Disposition de PCB, conception schématique, développement de prototypes
Fabrication	Montage de surface, ensemble de technologies mixtes
Essai	Tests en circuit, fonctionnel et brûlant

Capacités d'ingénierie de haute précision

Métriques de précision technique:

• Précision de fabrication: ± 0,025 mm
• Contrôle de la qualité: certification Six Sigma
• Précision de placement des composants: précision de 99,98%

Services de production flexibles et évolutifs

Flexibilité de production démontrée:

Métrique de production	Capacité
Capacité de production annuelle	2,5 millions de circuits imprimés
Configurations de ligne de production	6 lignes SMT entièrement automatisées

Stratégies de fabrication rentables

Approches d'optimisation des coûts:

• Empreinte de fabrication mondiale dans plusieurs pays
• Implémentation des principes de fabrication Lean
• Stratégies d'approvisionnement avancées

Retarage rapide et livraison fiable

Métriques de performance de livraison:

Métrique de livraison	Performance
Taux de livraison à temps	97.5%
Prototype moyen Turnaround	10 jours ouvrables

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: relations avec les clients

Partenariats stratégiques à long terme

Sigmatron International entretient des partenariats stratégiques avec les principaux clients des services de fabrication électronique (EMS) dans plusieurs secteurs.

Secteur de l'industrie	Nombre de partenariats stratégiques	Durée du partenariat moyen
Électronique industrielle	12	8,5 ans
Dispositifs médicaux	7	6,3 ans
Télécommunications	5	7,2 ans

Équipes de gestion des comptes dédiés

Approche de gestion des comptes spécifique au client avec des équipes spécialisées affectées à des clients majeurs.

• Total des gestionnaires de compte dédiés: 22
• Ratio moyen de compte-compte / client: 1: 3
• Taux de rétention de la clientèle annuelle: 94,6%

Prise en charge d'ingénierie personnalisée

Sigmatron fournit des solutions d'ingénierie sur mesure pour des exigences de fabrication complexes.

Catégorie de support d'ingénierie	Heures de soutien annuelles	Temps de réponse moyen
Consultation en conception	3 750 heures	24 heures
Développement de prototypes	2 100 heures	48 heures

Consultation technique continue

Cadre de support technique proactif Assurer la communication continue du client et la résolution des problèmes.

• Canaux de consultation technique:
  • Prise en charge du téléphone direct
  • Assistance par e-mail
  • Système de billetterie en ligne
  • Réunions de révision technique trimestrielle
• Temps de résolution des problèmes techniques moyens: 36 heures
• Interactions annuelles de consultation technique: 1 850

Modèle de service client réactif

Infrastructure complète du service client conçu pour maximiser la satisfaction des clients.

Métrique de service	Indicateur de performance
Évaluation de satisfaction du client	92.3%
Premier taux de résolution de contact	87.5%
Temps de réponse moyen	2,1 heures

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: canaux

Équipe de vente directe

En 2024, Sigmatron International maintient une force de vente directe de 37 professionnels des ventes dédiés dans plusieurs régions géographiques.

Composition de l'équipe de vente	Nombre de représentants
Amérique du Nord	18
Asie-Pacifique	12
Europe	7

Plateformes numériques en ligne

Sigmatron utilise plusieurs canaux de vente numériques avec les mesures suivantes:

• Site Web de l'entreprise: 124 567 visiteurs mensuels uniques
• Volume de transaction de plate-forme de commerce électronique: 3,2 millions de dollars par trimestre
• Demandes de devis numérique: 456 par mois

Salons et conférences de l'industrie

Participation annuelle à 12 salons majeurs de fabrication d'électronique avec des coûts d'exposition moyens de 287 000 $.

Salon	Emplacement	Génération de leads estimée
Apex Expo	San Diego, CA	87 pistes qualifiées
productonica	Munich, Allemagne	62 pistes qualifiées

Représentants des ventes techniques

Sigmatron emploie 22 représentants des ventes techniques dédiés avec des antécédents d'ingénierie spécialisés.

• Expérience du représentant des ventes techniques moyen: 8,5 ans
• Temps de réponse du support technique: 2,3 heures
• Évaluation de satisfaction du client: 94,6%

Bureaux de vente régionaux dans le monde

Sigmatron conserve 6 bureaux de vente régionaux dans le monde.

Région	Emplacement du bureau	Zone de couverture des ventes
Amérique du Nord	Irvine, Californie	États-Unis et Canada
Asie-Pacifique	Singapour	Marchés d'Asie du Sud-Est
Europe	Francfort, Allemagne	Pays de l'Union européenne

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: segments de clientèle

Fabricants d'électronique automobile

Sigmatron International sert des fabricants d'électronique automobile avec des solutions de fabrication de précision.

Caractéristique du segment de la clientèle	Détails spécifiques
Taille totale du marché de l'électronique automobile	287,3 milliards de dollars (2023)
Pourcentage des revenus de Sigmatron de l'automobile	32.5%
Clients automobiles clés	Fournisseurs automobiles de niveau 1 et de niveau 2

Producteurs d'équipements industriels

Sigmatron fournit des services de fabrication pour les fabricants d'équipements industriels.

• Revenus du segment du marché des équipements industriels: 45,6 millions de dollars (2023)
• Niveau de complexité de la fabrication: haute précision
• Offres de services primaires: assemblage électronique, développement de prototypes

Sociétés de télécommunications

Le secteur des télécommunications représente un segment de clientèle important pour Sigmatron.

Métriques du segment des télécommunications	Valeur
Contribution des revenus des télécommunications	24,7% du total des revenus de l'entreprise
Nombre de clients de télécommunications	17 clients actifs

Fabricants d'appareils médicaux

Sigmatron prend en charge les fabricants d'appareils médicaux avec des capacités de fabrication spécialisées.

• Taille du segment du marché des dispositifs médicaux: 28,3 millions de dollars (2023)
• Conformité réglementaire: ISO 13485 certifié
• Domaines d'intervention clés: équipement de diagnostic, systèmes de surveillance des patients

Entrepreneurs en aérospatiale et en défense

L'aérospatiale et la défense représentent un segment de clientèle critique pour Sigmatron.

Détails du segment aérospatial et de défense	Données spécifiques
Revenus du segment	22,4 millions de dollars (2023)
Nombre de contrats de défense actifs	9 Contrats actuels
Pourcentage de fabrication de haute fiabilité	Taux d'assurance qualité 98,7%

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: Structure des coûts

Investissements d'équipement de fabrication

Depuis l'exercice 2023, les dépenses en capital total de Sigmatron International pour l'équipement de fabrication étaient de 2,1 millions de dollars. La société a investi dans des équipements de fabrication électroniques de précision dans ses installations de production.

Catégorie d'équipement	Montant d'investissement
Équipement de technologie de montage de surface (SMT)	$850,000
Systèmes d'inspection automatisés	$425,000
Machines à souder	$375,000
Instruments de test et de mesure	$450,000

Dépenses de main-d'œuvre et de main-d'œuvre technique

Au cours de l'exercice 2023, les coûts totaux de main-d'œuvre de Sigmatron étaient d'environ 24,6 millions de dollars, distribués sur plusieurs emplacements de fabrication.

• Total des employés: 830
• Salaire annuel moyen par employé: 29 600 $
• Pourcentage du personnel technique: 35%
• Coûts de main-d'œuvre fabriqués: 18,2 millions de dollars
• Coût du personnel d'ingénierie et de soutien: 6,4 millions de dollars

Coûts d'approvisionnement en matières premières

Les dépenses de matières premières pour 2023 ont totalisé 72,3 millions de dollars, ce qui représente une partie importante des coûts opérationnels de l'entreprise.

Catégorie de matériel	Coût d'approvisionnement	Pourcentage du total
Composants électroniques	45,1 millions de dollars	62.4%
Matériaux de la carte de circuit imprimé	15,6 millions de dollars	21.6%
Composants mécaniques	11,6 millions de dollars	16%

Dépenses de recherche et développement

Sigmatron a alloué 3,7 millions de dollars aux activités de recherche et développement en 2023, en se concentrant sur les technologies de fabrication avancées et les améliorations des processus.

• Personnel R&D: 45 employés
• Dépenses de R&D en pourcentage de revenus: 2,1%
• Domaines d'intervention clés:
  • Processus de fabrication avancés
  • Optimisation de la conception de l'électronique
  • Technologies de contrôle de la qualité

Maintenance mondiale des infrastructures opérationnelles

Les coûts totaux de maintenance des infrastructures opérationnels pour 2023 étaient de 5,2 millions de dollars, couvrant les installations aux États-Unis et en Asie.

Emplacement	Frais de maintenance	Taille de l'installation
Californie, États-Unis	2,1 millions de dollars	52 000 pieds carrés.
Suzhou, Chine	1,8 million de dollars	45 000 pieds carrés.
Autres installations	1,3 million de dollars	Divers emplacements

Sigmatron International, Inc. (SGMA) - Modèle d'entreprise: Strots de revenus

Services de fabrication contractuels

Depuis l'exercice 2023, Sigmatron International a généré environ 183,4 millions de dollars de revenus totaux des services de fabrication contractuels dans plusieurs secteurs industriels.

Segment de l'industrie	Contribution des revenus
Électronique industrielle	62,7 millions de dollars
Dispositifs médicaux	41,3 millions de dollars
Télécommunications	37,5 millions de dollars
Électronique automobile	41,9 millions de dollars

Frais de conception d'ingénierie

Les frais de conception d'ingénierie ont représenté 8,2 millions de dollars de revenus pour l'exercice 2023, avec des domaines de concentration clés, notamment:

• Développement de prototypes
• Conception de la carte de circuit imprimé
• Optimisation du processus de fabrication

Développement de prototypes de produits

Sigmatron a déclaré 5,6 millions de dollars de revenus de produits de développement de prototypes de produits en 2023, avec une valeur moyenne de projet de 275 000 $.

Contrats de fabrication basés sur le volume

Les contrats de fabrication basés sur le volume ont généré 97,6 millions de dollars de revenus au cours de l'exercice 2023, avec une valeur de contrat moyenne de 3,2 millions de dollars.

Type de contrat	Valeur annuelle moyenne
Accords de fabrication à long terme	4,5 millions de dollars
Contrats de production à court terme	1,8 million de dollars

Services techniques à valeur ajoutée

Les services techniques à valeur ajoutée ont contribué 12,3 millions de dollars aux revenus de Sigmatron en 2023, notamment:

• Gestion de la chaîne d'approvisionnement
• Approvisionnement des composants
• Test d'assurance qualité

SigmaTron International, Inc. (SGMA) - Canvas Business Model: Value Propositions

You're looking at the core promises SigmaTron International, Inc. makes to its customers-the reasons they choose them over the massive contract manufacturers. It's about precision and flexibility, not just scale.

One Source, Global Options® for flexible nearshore/offshore production

This proposition centers on giving you options across their network. They aren't putting all your eggs in one geopolitical basket. This flexibility is supported by a physical footprint designed for regional sourcing strategies.

SigmaTron International, Inc. maintains facilities across key regions to support this global reach:

• U.S. location(s)
• Mexico location(s)
• China location(s)
• Vietnam location(s)

Here's a quick look at the scale of their operational base as of late 2025, even while navigating a tough market where their Trailing Twelve Months (TTM) revenue stood at approximately $0.31 Billion USD as of November 2025.

Metric	Value/Count	Context Year/Period
TTM Revenue	$0.31 Billion USD	As of November 2025
Total Manufacturing Space	Over 830,000 square feet	As of FY20
SMT Lines	Over 49 lines	To date
Active Customers	Over 168	Recent data

High-reliability manufacturing for mission-critical applications

SigmaTron International, Inc. doesn't chase every low-margin consumer widget; they focus on sectors where failure isn't an option. This means building products for demanding industries.

They serve a broad spectrum of markets that require this high-reliability focus:

• Medical/Life Sciences Devices
• Defense and Aerospace Programs
• Industrial Electronics and Automation
• Automotive and Telecommunications

The commitment to this level of quality is backed by their investment in people; their workforce has grown by 155% in 10 years to 2,800+ employees, many of whom are trained in advanced methodologies.

Full product lifecycle support from design to post-manufacturing

This value proposition means they partner with you from the very start, not just when the design is finalized. They integrate their expertise early to save you headaches later.

Key support services include:

• Design for Manufacturability (DFM) and Design for Testability (DFT) Consultation
• Robust Component Sourcing and Supply Chain Management
• Post-Manufacturing Solutions

Their supply chain management leverages regional Purchasing teams utilizing real-time systems to track inventory globally. This end-to-end service is what keeps them relevant, even when the top-line numbers are pressured, such as the nine-month fiscal 2025 revenue ending January 31, 2025, which was $230.6 million, down 21 percent year-over-year.

Customized, high-mix, medium-volume solutions for OEMs

They position themselves as the right size for Original Equipment Manufacturers (OEMs) needing complexity over sheer volume. They aren't trying to be the biggest; they aim to be the most adaptable partner for specific needs.

This customization is evident in their operational philosophy. While Q3 fiscal 2025 revenue (ended January 31, 2025) was $71.1 million, down 26 percent, the structure allows them to manage a high mix of programs for their customer base, which includes over 168 active customers.

Adherence to stringent quality standards (e.g., ISO 9001:2015)

Quality isn't a department; it's an embedded system. They ensure superior quality through a combination of well-trained people and robust systems, led by a Corporate Director of Quality and Compliance.

The commitment is formalized through numerous registrations:

• Over 7 quality certifications and registrations maintained.
• Deployment of Six Sigma Black Belts throughout the organization.
• Use of Six Sigma tools to drive improvement in manufacturing and administrative processes.

This focus on process control is critical, especially for their medical device customers who require industry-specific registrations like ISO 13485, which they possess. This operational rigor is what they promise, regardless of the quarterly financial noise, such as the Q3 fiscal 2025 net income of $3.9 million, which was significantly boosted by a $7.2 million one-time gain.

Finance: draft 13-week cash view by Friday.

SigmaTron International, Inc. (SGMA) - Canvas Business Model: Customer Relationships

You're looking at how SigmaTron International, Inc. manages the crucial link to its clients, which is especially important given the recent financial environment. Honestly, the relationship strategy has to be rock-solid when TTM revenue is around $0.31 Billion USD as of late 2025.

Dedicated account management for small to medium-sized OEMs

SigmaTron International, Inc. positions itself as being large enough to handle big commercialization efforts but small enough to customize service mixes for each client. This suggests a tailored approach, which often means dedicated attention, even for smaller Original Equipment Manufacturers (OEMs). The company's global footprint-seven manufacturing facilities across the United States, Mexico, China, and Vietnam-is the operational backbone supporting this localized relationship management.

High-touch, consultative relationship for complex, regulated products

For certain client segments, the relationship moves beyond simple transaction processing. Medical device and life science customers, for example, require maintaining superior product quality in a highly regulated environment while keeping costs competitive. This necessity drives a high-touch, consultative approach. The company's focus on end-to-end product lifecycle management for sectors like medical devices and defense requires deep integration into the customer's quality and compliance processes.

Long-term contracts and recurring business model

While specific contract terms are proprietary, the EMS model inherently relies on recurring business tied to product lifecycles. The company's operational structure, centered around its 'One Source, Global Options®' philosophy, is designed to foster long-term partnerships by offering supply chain flexibility. One specific contract mentioned in prior filings was set to expire on April 30, 2025, indicating the typical term structures in play. The near-term focus on inventory normalization and gradual demand recovery suggests management is working to secure future volume based on these established relationships.

Collaborative design and New Product Introduction (NPI) support

SigmaTron International, Inc. views New Product Introduction (NPI) as an opportunity to embed production-ready processes from the start. This is a highly collaborative function, offering product improvement recommendations like Design for Manufacturing (DFM) and Design for Test (DFT). The Elgin facility, for instance, led system-wide NPI capabilities in the prior fiscal year, expanding its DFx assessment and custom test development benefits across multiple industrial submarkets.

The NPI services include specific turnaround times to support rapid customer development:

• Quick-turn service: 1-3 days
• Standard service: 3-5 days
• Dedicated NPI lines and process team availability
• Testing options with minimal programming/tooling cost

The scale of operations managed through these relationships is reflected in the recent financial performance, which underscores the importance of maintaining high utilization across their global footprint:

Financial Metric (as of Late 2025)	Amount
Trailing Twelve Month (TTM) Revenue	$0.31 Billion USD
Q3 Fiscal 2025 Revenue	$71.1 million
Nine-Month Fiscal 2025 Revenue	$230.6 million
Q3 Fiscal 2025 Net Income (Including One-Time Gain)	$3.9 million
Q3 Fiscal 2025 Operating Loss (Underlying Operations)	$(0.8) million
Q3 Fiscal 2025 Gross Margin	7.8%
Q3 Fiscal 2025 Interest Expense	$3.33 million

Finance: draft the Q4 2025 revenue forecast based on backlog commentary by next Tuesday.

SigmaTron International, Inc. (SGMA) - Canvas Business Model: Channels

You're looking at how SigmaTron International, Inc. gets its Electronic Manufacturing Services (EMS) to the customer, which is all about a global, integrated physical footprint. The company's channel strategy hinges on being physically present where their Original Equipment Manufacturer (OEM) clients need them, supporting that with centralized procurement.

Direct sales force targeting Original Equipment Manufacturers (OEMs)

SigmaTron International, Inc. channels its services directly to OEMs, meaning there aren't layers of distributors or resellers in the primary sales path. This direct engagement is managed by a dedicated sales organization, led by roles like the Vice President of Sales, who focuses on building and managing those core customer relationships. This approach is necessary because the services-intricate PCB assembly, box build, and testing-require deep, early-stage collaboration, often starting with Design for Manufacturability (DFM) consultation. The scale of this direct channel is supported by the company's workforce, which stood at approximately 2,750 employees as of July 2025.

The company's philosophy, often described as One Source, Global Options®, is the backbone of this channel, allowing a customer to initiate a program in the U.S. and scale it seamlessly into Asia. This direct-to-OEM model is designed to capture the full value of their vertically integrated services.

Global network of seven manufacturing facilities

The physical delivery channel is built around a strategic global network. SigmaTron International, Inc. operates a total of seven manufacturing facilities to provide geographic diversification and risk mitigation for its international customer base. This physical presence allows for localized support and optimized supply chain dynamics for clients across various markets, including industrial automation and medical devices.

Here's a breakdown of the known locations that form this delivery network:

Region	Facility Location(s)	Known Operational Role
United States	Elk Grove Village, Illinois; Union City, California	Manufacturing, Design Services Center (DSC)
Mexico	Acuna, Chihuahua; Tijuana	Manufacturing
China	Suzhou	Manufacturing
Vietnam	Biên Hòa City	Manufacturing

The output from this network generated revenues of $71.1 million in the third quarter of fiscal 2025, showing the direct financial output of this physical channel.

International Procurement Office (IPO) for centralized sourcing

While manufacturing facilities handle the physical build, the sourcing channel is centralized to drive cost-efficiency. SigmaTron International, Inc. maintains an International Procurement Office (IPO), which also functions as its Compliance and Sustainability Center, located in Taipei, Taiwan. This office centralizes sourcing activities to help manage supply chain spend and deliver competitive pricing, which is a critical part of the value proposition to the OEM customer.

Direct fulfillment and logistics services to customer end-markets

The final step in the channel involves getting the finished product to the customer's required destination. SigmaTron International, Inc. provides direct fulfillment capabilities, managing the logistics from its manufacturing sites to the customer end-markets. This is integrated into their service offering, which includes full product lifecycle management. The company's focus on on-time delivery is a key performance indicator for this channel. The company is actively working on reducing inventory, which stood at $106.98 million as of January 31, 2025, to streamline working capital and improve the efficiency of this fulfillment pipeline.

The effectiveness of this channel strategy is reflected in the company's guidance, where management expected Q4 fiscal 2025 revenue to be higher than Q3 fiscal 2025 revenue based on the current backlog.

SigmaTron International, Inc. (SGMA) - Canvas Business Model: Customer Segments

SigmaTron International, Inc. provides electronic manufacturing services (EMS) to customers across several distinct end-user markets, a mix that was being actively rebalanced as of late 2025.

Industrial Electronics and Automation manufacturers

This segment represented a significant portion of the business, showing strong historical growth. For Fiscal Year 2023, industrial programs grew by 13.8% year-over-year and accounted for 67% of total revenues for that year. The company emphasizes offering complex, complete build printed circuit board assembly (PCBA) programs to these clients.

Medical/Life Sciences device companies

SigmaTron International, Inc. serves the Medical/Life Sciences industry. The company's commitment to common real-time systems across global facilities supports the superior product quality and regulatory compliance required by these highly regulated markets.

Defense and Aerospace programs

The focus on superior product quality and regulatory compliance, supported by system-wide approaches, positions SigmaTron International, Inc. to serve programs in the aerospace and defense sectors.

Automotive and Telecommunications equipment producers

While the company serves diverse end-user markets, specific, segment-level revenue contribution figures for Automotive and Telecommunications equipment producers for the latest fiscal periods were not explicitly broken out in the same detail as the Industrial segment.

Small to medium-sized Original Equipment Manufacturers (OEMs)

SigmaTron International, Inc. positions itself as a total solutions provider, offering services from engineering to fulfillment, which is designed to support a broad base of customers, including smaller OEMs seeking flexible manufacturing options through the company's global network.

The overall revenue context for late 2025, reflecting market softness, shows the scale against which these segments are currently operating:

Metric	Value	Date/Period
Revenue (TTM)	$311.71 Million USD	Trailing Twelve Months ending January 31, 2025
Revenue (9 Months)	$230.6 Million USD	Nine months ended January 31, 2025
Revenue (Q3)	$71.1 Million USD	Fiscal Quarter ended January 31, 2025
Industrial Segment Revenue Contribution (FY2023)	67% of Total Revenues	Fiscal Year 2023

The company markets its services through independent manufacturers' representative organizations. Following the completion of the Transom Capital acquisition in July 2025, the strategic focus on these customer segments is subject to the new ownership's direction.

• The company offers services including printed circuit board assemblies (PCBAs) and completely assembled (box-build) electronic products.
• The global network includes facilities in the United States, Mexico, China, and Vietnam.
• The company's approach is branded as One Source, Global Options®.

SigmaTron International, Inc. (SGMA) - Canvas Business Model: Cost Structure

The cost structure for SigmaTron International, Inc. (SGMA) is heavily influenced by the direct costs associated with its manufacturing operations, alongside significant financing expenses due to recent debt restructuring.

Cost of Goods Sold (COGS) for materials and components represents the single largest component of SigmaTron International, Inc.'s cost base. This cost category directly reflects the fluctuating prices and availability of raw materials and electronic components used in the assembly of their products. For the three-month period ended January 31, 2025, the Cost of products sold was $65,514,800, which was 92.1% of the $71.1 million in net sales for that quarter. Over the nine-month period ending January 31, 2025, this cost totaled $211,701,740.

Manufacturing labor and overhead costs across multiple geographies are embedded within the Cost of Products Sold. While a specific breakdown isn't provided, the overall gross margin compression suggests ongoing pressure on these operational costs relative to revenue. For instance, the gross margin for Q3 FY2025 compressed to 7.8%, indicating that direct manufacturing costs, including labor and overhead, consumed the vast majority of sales revenue. Management has been actively reducing the cost structure, reporting an operating profit in January 2025, which suggests some success in controlling these variable and fixed manufacturing expenses.

The financial structure introduced notable non-operating costs. Elevated interest expense was a clear factor, rising to $3.33 million in the third quarter of fiscal year 2025 (the three months ended January 31, 2025). This increase is directly tied to the financing arrangements SigmaTron International, Inc. put in place.

The costs related to debt modification and financing structure were significant in the preceding quarter. Approximately $3.3 million of expenses were recorded during the second quarter of fiscal 2025 related to debt modification, expensing of deferred financing costs, and lender warrants after remeasurement. Furthermore, an additional approximately $5.0 million noncash deferred tax charge was taken in that same period. These actions were necessary following amendments to credit agreements, which included waivers for covenant noncompliance.

Operating expenses for sales, general, and administrative (SG&A) have seen slight reductions as the company focuses on cost discipline. Here's a comparison of the SG&A line item:

Period Ended	SG&A Expense Amount	As Percentage of Net Sales (where available)
January 31, 2025 (Q3 FY2025)	$6,378,141	9.0%
January 31, 2024 (Q3 FY2024)	$6,683,488	7.0%
October 31, 2024 (Q2 FY2025, 3 months)	$6,370,511	N/A
October 31, 2024 (6 months)	$12,994,377	N/A

The reduction in SG&A for the three months ended January 31, 2025, compared to the prior year's quarter, was primarily due to a decrease in bonus expense and miscellaneous items.

The financing structure also involves ongoing obligations tied to the debt amendments:

• Revolving commitment reduction from $70 million to $55 million.
• Requirement to pay a cash amendment fee and monthly ticking fees until certain financial ratios are met or exceeded.
• Agreement to pursue a Replacement Transaction by September 30, 2025, unless a Total Debt to EBITDA Ratio of less than or equal to 4.25:1.0 is achieved by the end of August 2025.
• Issuance of warrants to purchase shares of common stock as part of the agreement.

Net debt and covenant pressures continue, with debt largely classified as current, repeating a going concern risk pending covenant compliance or the Replacement Transaction by September 2025.

SigmaTron International, Inc. (SGMA) - Canvas Business Model: Revenue Streams

You're looking at how SigmaTron International, Inc. brings in the cash, which is pretty straightforward for an electronic manufacturing services (EMS) provider. The core of the revenue comes from Electronic Manufacturing Services (EMS) contracts, which covers the assembly and production work you expect from a company like SigmaTron International, Inc. This also bundles in revenue from value-added services like design and testing, which are integrated into those larger manufacturing agreements.

To give you a sense of the scale as of early 2025, the trailing twelve-month (TTM) revenue, covering the period up to January 31, 2025, stood at $311.71 Million USD. That's just shy of the $0.31 Billion mark you mentioned, but it's the hard number from the latest full TTM period reported. Honestly, the near-term picture shows some softness, but management is looking for a gradual upturn.

Let's look at the most recent quarterly snapshot. For the three-month period ended January 31, 2025, which is the third quarter of fiscal year 2025 (Q3 FY2025), SigmaTron International, Inc. reported total revenues of $71.1 million. That was a year-over-year decrease of 26 percent from the prior year's Q3. You can see the sequential pressure too: revenue dropped from $84.8 million in Q1 to $74.7 million in Q2, ending at $71.1 million in Q3.

Now, here's a critical point for your analysis: the reported net income for Q3 FY2025 was significantly boosted by a non-operating item. SigmaTron International, Inc. recorded a one-time non-operating gain of approximately $7.2 million during that quarter, which came from a sale/leaseback transaction for their facility in Elk Grove Village, Illinois. Without that gain, the underlying operations showed weakness, with the quarter posting an operating loss of $\$(0.8)M$ and the gross margin compressing to 7.8%.

Here's a quick look at those key financial figures from the recent reporting period:

Metric	Amount/Value	Period/Context
Trailing Twelve-Month Revenue	$311.71 Million USD	Period ending January 31, 2025
Q3 FY2025 Revenue	$71.1 million	Three months ended January 31, 2025
Nine-Month Period Revenue	$230.6 million	Period ended January 31, 2025
Sale/Leaseback Non-Operating Gain	Approximately $7.2 million	Q3 FY2025
Q3 FY2025 Gross Margin	7.8%	Three months ended January 31, 2025

The revenue streams are fundamentally tied to the volume of EMS work secured. You should keep an eye on the backlog, as management suggested it points toward Q4 revenue being higher than the Q3 figure of $71.1 million, though they characterized the recovery as gradual. The reliance on these large contracts means revenue recognition can be lumpy, so that one-time gain really highlights the difference between reported net income and operational performance.

The core revenue generation activities include:

• Revenue from Electronic Manufacturing Services (EMS) contracts.
• Revenue from integrated value-added services like design and testing.
• One-time, non-recurring cash inflow from asset realization events, such as the Q3 FY2025 sale/leaseback.

Finance: draft 13-week cash view by Friday.