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
Industry (SIC)
Danaher • Roper • Fortive • Ametek • Sensata Technologies Holding • Keysight • MKS Instruments • Cognex • Hurco Companies • 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
Latest filings (excl ownership)
SEC STAFF ACTION
SEC staff action: Order
8 Sep 23
8-K
Changes in Registrant's Certifying Accountant
3 Feb 23
25-NSE
Exchange delisting
25 Jan 23
8-K
Schmitt Industries Appoints Kristi Frank to Its Board
16 Nov 22
8-K
Entry into a Material Definitive Agreement
28 Oct 22
8-K
Fiscal 2022 Earnings Highlights
20 Oct 22
S-1
IPO registration
13 Oct 22
10-K/A
2022 FY
Annual report (amended)
13 Oct 22
10-K
2022 FY
Annual report
13 Oct 22
Latest ownership filings
4
Dustin Henderson
13 Apr 23
SC 13D/A
Lazar David E.
23 Dec 22
4
Kristi Michelle Smaha
17 Nov 22
3
Kristi Michelle Smaha
17 Nov 22
SC 13D/A
GAMCO INVESTORS, INC. ET AL
14 Nov 22
3
Dustin Henderson
10 Nov 22
4
Michael R. Zapata
17 Oct 22
4
ALEXANDRE ZYNGIER
17 Oct 22
4
Lillian Tung
18 Apr 22
4
ALEXANDRE ZYNGIER
18 Apr 22
Financial summary
Quarter (USD) | May 22 | Feb 22 | Nov 21 | Aug 21 | |
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Diluted EPS |
Annual (USD) | May 22 | May 21 | May 20 | May 19 | |
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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) | 1.05 mm | 1.05 mm | 1.05 mm | 1.05 mm | 1.05 mm | 1.05 mm |
Cash burn (monthly) | 316.11 k | 248.48 k | 1.17 mm | 496.04 k | 401.18 k | 670.61 k |
Cash used (since last report) | 6.83 mm | 5.37 mm | 25.33 mm | 10.72 mm | 8.67 mm | 14.49 mm |
Cash remaining | -5.78 mm | -4.32 mm | -24.28 mm | -9.67 mm | -7.62 mm | -13.44 mm |
Runway (months of cash) | -18.3 | -17.4 | -20.7 | -19.5 | -19.0 | -20.0 |
Institutional ownership, Q1 2023
11.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 10 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 1.46 mm |
Total shares | 438.73 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Sententia Capital Management | 299.12 k | $779.00 k |
Activist Investing | 126.56 k | $676.00 k |
Tower Research Capital | 13.06 k | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Mar 23 | Dustin Henderson | Common Stock | Sell | Acquire S | No | No | 0.013 | 10,000 | 130.00 | 0 |
15 Nov 22 | Kristi Michelle Smaha | Common Stock | Grant | Acquire A | No | No | 0 | 43,103 | 0.00 | 43,103 |
12 Oct 22 | Zapata Michael R. | Common Stock | Grant | Acquire A | No | No | 0 | 3,788 | 0.00 | 69,392 |