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
Website
CEO
David Case
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Danaher • Fortive • Roper • Ametek • Sensata Technologies Holding • Keysight • MKS Instruments • Cognex • Rudolph • Sypris Solutions ...
SEC CIK
Corporate docs
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
Financial summary
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Annual (USD) | May 21 | May 20 | May 19 | May 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
30.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 10 |
Opened positions | 6 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 5.11M |
Total shares | 1.18M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
TETAA Teton Advisors | 593K | $2.89M |
Sententia Capital Management | 299.12K | $779K |
Activist Investing | 126.56K | $676K |
Bridgeway Capital Management | 61.5K | $296K |
MS Morgan Stanley | 51.59K | $252K |
Advisor | 37.4K | $182K |
UBS UBS Group AG - Registered Shares | 3.96K | $20K |
Tower Research Capital | 2.16K | $10K |
BLK Blackrock | 498 | $2K |
WFC Wells Fargo & Co. | 22 | $0 |
Financial report summary
?Competition
SolunaManagement 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
?Positive | ||
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H.S. sophomore Avg
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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
Current reports
8-K
Schmitt Industries Provides Ample Hills and Corporate Updates
16 Jun 22
8-K
Schmitt Industries Enters into Sale Agreement for Nicolai Street Property
7 Jun 22
8-K
Entry into a Material Definitive Agreement
20 May 22
8-K
Schmitt Industries Announces It Has Entered into Loi for Xact Assets
18 May 22
8-K
Schmitt Announces FY22 Q3 Results and Strategic Intention to Focus on Ample Hills Creamery
14 Apr 22
8-K
Schmitt Announces Second Quarter Fiscal 2022 Operating Results
14 Jan 22
8-K
Submission of Matters to a Vote of Security Holders
16 Dec 21
8-K
Schmitt Industries Completes Sale of 28TH Street Property
17 Nov 21
8-K
Schmitt Industries Appoints Alex Zyngier to Its Board
22 Oct 21
8-K
Schmitt Announces First Quarter Fiscal 2022 Operating Results
20 Oct 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
20 May 22
S-3
Shelf registration
2 May 22
8-A12B/A
Registration of securities on exchange (amended)
27 Jan 21
SC TO-I/A
Issuer tender offer statement (amended)
21 Jul 20
SC TO-I/A
Issuer tender offer statement (amended)
15 Jul 20
SC TO-I/A
Issuer tender offer statement (amended)
13 Jul 20
SC TO-I
Issuer tender offer statement
11 Jun 20
SC TO-C
Information about tender offer
3 Jun 20
8-A12B
Registration of securities on exchange
2 Jul 19
424B4
Prospectus supplement with pricing info
29 May 19
Proxies
DEFA14A
Additional proxy soliciting materials
31 Oct 19
DEF 14A
Definitive proxy
31 Oct 19
PRE 14A
Preliminary proxy
18 Oct 19
DEFA14A
Additional proxy soliciting materials
2 Oct 18
DFAN14A
Additional proxy materials by non-management
1 Oct 18
DFAN14A
Additional proxy materials by non-management
27 Sep 18
DFAN14A
Additional proxy materials by non-management
25 Sep 18
Other
EFFECT
Notice of effectiveness
11 May 22
CORRESP
Correspondence with SEC
8 May 22
UPLOAD
Letter from SEC
8 May 22
EFFECT
Notice of effectiveness
28 May 19
CORRESP
Correspondence with SEC
21 May 19
CORRESP
Correspondence with SEC
20 Dec 18
UPLOAD
Letter from SEC
10 Sep 18
UPLOAD
Letter from SEC
29 Aug 18
UPLOAD
Letter from SEC
21 Aug 18
EFFECT
Notice of effectiveness
26 Nov 17
Ownership
4
SCHMITT INDUSTRIES / Lillian Tung ownership change
18 Apr 22
4
SCHMITT INDUSTRIES / ALEXANDRE ZYNGIER ownership change
18 Apr 22
4
SCHMITT INDUSTRIES / Michael R. Zapata ownership change
18 Apr 22
4
SCHMITT INDUSTRIES / Philip Bosco ownership change
22 Mar 22
4
SCHMITT INDUSTRIES / ALEXANDRE ZYNGIER ownership change
18 Jan 22
4
SCHMITT INDUSTRIES / Michael R. Zapata ownership change
18 Jan 22
4
SCHMITT INDUSTRIES / Lillian Tung ownership change
18 Jan 22
SC 13D
SCHMITT INDUSTRIES / Activist Investing ownership change
19 Nov 21
4
SCHMITT INDUSTRIES / ALEXANDRE ZYNGIER ownership change
4 Nov 21
3
SCHMITT INDUSTRIES / ALEXANDRE ZYNGIER ownership change
26 Oct 21
Reddit threads
You guys got any overlooked/unorthodox plays that have gone relatively unnoticed?
13 Mar 22
Daily Discussion Thread - January 13th, 2022
13 Jan 22
Daily Discussion Thread - January 12th, 2022
12 Jan 22
Daily Discussion Thread - January 11th, 2022
11 Jan 22
Daily Discussion Thread - January 10th, 2022
10 Jan 22
Daily Discussion Thread - August 30th, 2021
30 Aug 21
Daily Discussion Thread - August 27th, 2021
27 Aug 21
What is your favorite "fun stock" that you own?
18 Jul 21
THE LOUNGE/DAILY PLAYS July 07, 2021
6 Jul 21
THE LOUNGE/DAILY PLAYS July 06, 2021
5 Jul 21