SMIT Schmitt Industries
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
Website
CEO
David Case
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Fortive • Roper • Ametek • Sensata Technologies Holding • Keysight • Danaher • MKS Instruments • Cognex • Rudolph • Hurco Companies ...
SEC CIK
Corporate docs
IRS number
931151989
SMIT stock data
()
News
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
54 Biggest Movers From Yesterday
6 Apr 21
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
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 |
Recent insider trades
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 |
Institutional ownership Q1 2021
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 |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|
Financial report summary
?Competition
Mechanical TechnologyManagement 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
Financial reports
NT 10-Q
Notice of late quarterly filing
15 Apr 21
10-Q
2021 Q2
Quarterly report
14 Jan 21
10-Q
2021 Q1
Quarterly report
30 Oct 20
NT 10-Q
Notice of late quarterly filing
16 Oct 20
10-K/A
2020 FY
Annual report (amended)
28 Sep 20
10-K
2020 FY
Annual report
31 Aug 20
10-Q
2020 Q3
Quarterly report
14 Apr 20
10-Q
2020 Q2
Quarterly report
14 Jan 20
10-Q
2020 Q1
Quarterly report
8 Oct 19
10-K/A
2019 FY
Annual report (amended)
27 Sep 19
Current reports
8-K
Entry into a Material Definitive Agreement
27 Jan 21
8-K
Schmitt Announces Second Quarter Fiscal 2021 Operating Results
14 Jan 21
8-K
Submission of Matters to a Vote of Security Holders
14 Dec 20
8-K
Regulation FD Disclosure
10 Dec 20
8-K
Other Events
24 Nov 20
8-K
Schmitt Industries Receives Compliance Notice from Nasdaq
2 Nov 20
8-K
Schmitt Announces First Quarter Fiscal 2021 Operating Results
30 Oct 20
8-K
Schmitt Industries Discloses Notice from Nasdaq
23 Oct 20
8-K
Schmitt Announces Fiscal 2020 Operating Results
2 Sep 20
8-K
Entry into a Material Definitive Agreement
15 Jul 20
Registration and prospectus
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
S-3/A
Shelf registration (amended)
10 May 19
S-3/A
Shelf registration (amended)
15 Feb 19
Proxies
DEF 14A
Definitive proxy
12 Nov 20
PRE 14A
Preliminary proxy
29 Oct 20
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
DEFA14A
Additional proxy soliciting materials
25 Sep 18
Other
EFFECT
Notice of effectiveness
28 May 19
CORRESP
Correspondence with SEC
21 May 19
EFFECT
Notice of effectiveness
26 Nov 17
CORRESP
Correspondence with SEC
21 Nov 17
UPLOAD
Letter from SEC
8 Nov 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
28 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
8 Mar 11
CORRESP
Correspondence with SEC
24 Feb 11
Ownership
SC 13G/A
SCHMITT INDUSTRIES / RENAISSANCE TECHNOLOGIES ownership change
10 Feb 21
4
SCHMITT INDUSTRIES / Lillian Tung ownership change
19 Jan 21
4
SCHMITT INDUSTRIES / ANDREWS P HINES ownership change
19 Jan 21
4
SCHMITT INDUSTRIES / Steven Strom ownership change
19 Jan 21
4
SCHMITT INDUSTRIES / ANDREWS P HINES ownership change
2 Dec 20
4
SCHMITT INDUSTRIES / Jamie Michael Schmidt ownership change
30 Nov 20
4
SCHMITT INDUSTRIES / Charles Davidson ownership change
30 Nov 20
4
SCHMITT INDUSTRIES / Michael R. Zapata ownership change
30 Nov 20
4
SCHMITT INDUSTRIES / Steven Strom ownership change
30 Nov 20
4
SCHMITT INDUSTRIES / Philip Bosco ownership change
19 Nov 20
Reddit threads
Daily Discussion Thread - April 13th, 2021
13 Apr 21
Daily Discussion Thread - April 12th, 2021
12 Apr 21
This is such a beautiful example of talent not translating to business success
6 Feb 21
Daily Discussion Thread - January 18th, 2021
18 Jan 21
Daily Discussion Thread - November 2nd, 2020
2 Nov 20