SMIT Schmitt Industries Dashboard

Schmitt Industries, Inc. designs, manufactures and markets measurement and process control systems. It operates through the Measurement segments. The Measurement segment assembles laser based test and measurement solutions. The company was founded by Wayne A. Case in 1987 and is headquartered in Portland, OR.

Company profile

Ticker

SMIT

Exchange

NASDAQ

Website

www.schmitt-ind.com/

CEO

David Case

Incorporated

Oregon

Location

Oregon

Fiscal year end

May 31

Sector

Manufacturing > Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables

Industry (SIC)

Industrial Instruments For Measurement, Display, and Control

Fortive • Roper • Ametek • Sensata Technologies Holding • Keysight • Danaher • MKS Instruments • Cognex • Rudolph • Hurco Companies ...

SEC CIK

0000922612

Corporate docs

Articles of Incorporation & Bylaws

IRS number

931151989

SMIT stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

12 Information Technology Stocks Moving In Monday's Intraday Session

12 Apr 21

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

6 Apr 21

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6 Apr 21

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12 Information Technology Stocks Moving In Monday's After-Market Session

5 Apr 21

35 Stocks Moving In Monday's Mid-Day Session

5 Apr 21

Calendar

15 Apr 21

17 Apr 21

31 May 21

Financial summary

Financial statements Chart SMIT financial data

Quarter (USD)	Nov 20	Aug 20	Feb 20	Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	May 20	May 19	May 18	May 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)		7.34M	7.34M	7.34M	7.34M	7.34M
Cash burn (monthly)		(positive/no burn)	788.28K	197.07K	649.05K	162.26K
Cash used (since last report)		n/a	3.62M	906.17K	2.98M	746.13K
Cash remaining		n/a	3.71M	6.43M	4.35M	6.59M
Runway (months of cash)		n/a	4.7	32.6	6.7	40.6

Beta Read what these cash burn values mean

Recent insider trades

SMIT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
14 Jan 21	Steven Strom	Common Stock	Grant	Aquire A	No	No	0	1,110	0	24,799
14 Jan 21	Andrews P Hines	Common Stock	Grant	Aquire A	No	No	0	1,017	0	54,322
14 Jan 21	Lillian Tung	Common Stock	Payment of exercise	Dispose F	No	No	5.41	434	2.35K	3,069
14 Jan 21	Lillian Tung	Common Stock	Grant	Aquire A	No	No	0	1,086	0	3,503
16 Nov 20	Philip Bosco	Common Stock	Grant	Aquire A	No	No	0	9,222	0	9,222

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

SMIT institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders	Current	Prev Q	Change
Total holders	0	0
Opened positions	0	0
Closed positions	0	5	EXIT
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	0	0
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change
Renaissance Technologies	0	0

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Mechanical Technology

Management Discussion

Schmitt operates a diversified business. The Company reports in two business segments, Ice Cream and Measurement.
The accompanying unaudited financial information should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended May 31, 2020.
The Company's critical accounting policies are disclosed in its Annual Report on Form 10-K for the year ended May 31, 2020. Subsequent to the filing of the Form 10-K, the Company completed its acquisition of Ample Hills. In connection with this acquisition, the Company reports certain financial statement captions that it had not previously and, as such, has included the critical accounting policies associated with such items herein.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: aging, alternative, Avenue, began, booked, Bosco, bottom, CAPEX, consultant, count, cure, department, develop, development, discretionary, expanded, foot, found, head, hiring, obsolete, Philip, preliminary, reduction, RSU, segregation, sq, story, tool, zoning

Removed: increasing

From filing 10-Q 2021 Q2