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Schmitt Industries (SMIT)

Schmitt Industries, Inc., founded in 1987, designs, manufactures and sells high precision test and measurement products, solutions and services through its Acuity® and Xact® product lines. Acuity provides laser and white light sensor distance measurement and dimensional sizing products, and our Xact line provides ultrasonic-based remote tank monitoring products and related monitoring revenues for markets in the Internet of Things environment. The Company also owns and operates Ample Hills Creamery, a beloved ice cream manufacturer and retailer based in Brooklyn, NY.

Company profile

Ticker
SMIT
Exchange
CEO
David Case
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Schmitt Measurement Systems, Inc. • Ample Hills Acquisition LLC • Ample Hills Sub 1 LLC • Ample Hills Sub 2 LLC • Ample Hills Sub 3 LLC • Ample Hills Sub 4 LLC • Ample Hills Sub 5 LLC • Ample Hills Sub 6 LLC • Ample Hills Sub 7 LLC • Ample Hills Sub 8 LLC ...
IRS number
931151989

SMIT stock data

Calendar

14 Apr 22
26 Jun 22
31 May 23
Quarter (USD) Feb 22 Nov 21 Aug 21 May 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) May 21 May 20 May 19 May 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2M 2M 2M 2M 2M 2M
Cash burn (monthly) 857.84K 180.59K 795.44K 857.68K 855.52K 682.43K
Cash used (since last report) 3.4M 716.81K 3.16M 3.4M 3.4M 2.71M
Cash remaining -1.41M 1.28M -1.16M -1.41M -1.4M -709.46K
Runway (months of cash) -1.6 7.1 -1.5 -1.6 -1.6 -1.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Apr 22 Zapata Michael R. Common Stock Payment of exercise Dispose F No No 4.87 616 3K 65,604
14 Apr 22 Zapata Michael R. Common Stock Grant Acquire A No No 0 1,541 0 66,220
14 Apr 22 Zyngier Alexandre Common Stock Grant Acquire A No No 0 1,361 0 6,534
14 Apr 22 Lillian Tung Common Stock Payment of exercise Dispose F No No 4.87 503 2.45K 6,603
14 Apr 22 Lillian Tung Common Stock Grant Acquire A No No 0 1,258 0 7,106
14 Mar 22 Philip Bosco Common Stock Grant Acquire A No No 0 1,527 0 10,749
14 Jan 22 Lillian Tung Common Stock Payment of exercise Dispose F No No 5.15 476 2.45K 5,848
14 Jan 22 Lillian Tung Common Stock Grant Acquire A No No 0 1,190 0 6,324
30.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 10 5 +100.0%
Opened positions 6 2 +200.0%
Closed positions 1 7 -85.7%
Increased positions 0 0
Reduced positions 1 1
13F shares Current Prev Q Change
Total value 5.11M 1.7M +200.5%
Total shares 1.18M 470.17K +150.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
TETAA Teton Advisors 593K $2.89M NEW
Sententia Capital Management 299.12K $779K 0.0%
Activist Investing 126.56K $676K 0.0%
Bridgeway Capital Management 61.5K $296K NEW
MS Morgan Stanley 51.59K $252K NEW
Advisor 37.4K $182K -15.0%
UBS UBS Group AG - Registered Shares 3.96K $20K NEW
Tower Research Capital 2.16K $10K NEW
BLK Blackrock 498 $2K 0.0%
WFC Wells Fargo & Co. 22 $0 NEW
Largest transactions Shares Bought/sold Change
TETAA Teton Advisors 593K +593K NEW
Bridgeway Capital Management 61.5K +61.5K NEW
MS Morgan Stanley 51.59K +51.59K NEW
Advisor 37.4K -6.6K -15.0%
UBS UBS Group AG - Registered Shares 3.96K +3.96K NEW
Tower Research Capital 2.16K +2.16K NEW
WFC Wells Fargo & Co. 22 +22 NEW
BAC Bank Of America 0 -3 EXIT
Proequities 0 0
BLK Blackrock 498 0 0.0%

Financial report summary

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Competition
Soluna
Management Discussion
  • Schmitt Industries, Inc. (the "Company", "Schmitt", "we" or "our") operates a diversified business. The Company reports in two business segments, the Ice Cream Segment and the Measurement Segment.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: adverse, adversely, behavior, chain, Competitive, conflict, consummate, costly, deteriorate, drawdown, economy, energy, expansion, experience, extreme, footprint, formalized, freight, fuel, geopolitical, global, inflation, inflationary, influence, inhibiting, insolvency, merchandise, notification, occupancy, Past, political, rely, reoccur, spending, summer, supplement, supply, tightening, Ukraine, unemployment, unrest, vulnerable, wage, war, worldwide
Removed: applicable, bear, behalf, listing, mature, refer