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Schmitt Industries (SMIT)
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Schmitt Industries Income Statement 2022-2009 | SMIT
Brief overview of financial performance at Schmitt Industries
The conclusions below are based on five years of reported results. According to figures from Schmitt Industries, revenue changed from $12.4 million to $9.9 million over five years. The total change was −20.2%, with a CAGR of approximately −4.4%. The negative rate indicates weakening core operations.
The gross result shifted from $4.9 million to $5.1 million, or +3.7%. The cost base moved more slowly than the top line, which supported margins. At the margin level, the figure shifted from 39.4% to 51.2%. Improving gross profitability strengthens the quality of revenue growth.
Over the period, EBITDA shifted from −770 thousand dollars to −10.2 million dollars, a change of −1222.6%. Changes in revenue did not translate into comparable EBITDA performance. Comparing the endpoints gives EBITDA margins of −6.2% and −102.9%. The margin contraction indicates weaker operating efficiency.
Net income moved from −1.1 million dollars at the start to −3.3 million dollars at the end. Larger losses indicate rising pressure on the business.
Market capitalization changed from 8.8 million dollars to 7.6 million dollars (−13.7%). The negative valuation trend points to increased investor caution.
What the figures show
The indicators point to a weaker financial profile. The positive side is supported by better sales economics. The main areas of concern are weak sales momentum, weaker operating efficiency and a low EBITDA margin. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Schmitt Industries
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
7.58 M | 18.8 M | 19 M | 13.7 M | 9.58 M | 8.78 M | 4.97 M | 6.95 M | 8.51 M | 7.6 M | 8.56 M | 9.73 M | - | - |
Shares |
3.81 M | 3.77 M | 3.94 M | 4.01 M | 3.42 M | 3 M | 3 M | 3 M | 3 M | 2.99 M | 2.93 M | 2.9 M | 2.89 M | - |
Historical Prices |
1.99 | 5 | 4.83 | 3.41 | 2.8 | 2.93 | 1.66 | 2.32 | 2.84 | 2.54 | 2.92 | 3.36 | - | 3.75 |
Net Income |
-3.28 M | -8.09 M | 3.88 M | -1.21 M | 211 K | -1.07 M | -1.52 M | -93.7 K | -540 K | -540 K | 77.4 K | -205 K | -1.71 M | - |
Revenue |
9.89 M | 5.6 M | 4.19 M | 4.73 M | 13.9 M | 12.4 M | 11.7 M | 13.1 M | 12.1 M | 12.5 M | 14.4 M | 11.5 M | - | - |
Cost of Revenue |
4.82 M | 3.54 M | 2.24 M | 2.96 M | 7.82 M | 7.51 M | 6.82 M | 6.93 M | 6.51 M | 6.36 M | 8.09 M | 5.89 M | 3.76 M | - |
Gross Profit |
5.07 M | 2.06 M | 1.95 M | 1.77 M | 6.07 M | 4.89 M | 4.87 M | 6.14 M | 5.63 M | 6.09 M | 6.34 M | 5.61 M | 3.04 M | - |
Operating Income |
-10.6 M | -10.4 M | -2.18 M | -1.47 M | 155 K | -989 K | -1.44 M | -64.5 K | -512 K | -562 K | 57.3 K | -196 K | -1.73 M | - |
Interest Expense |
46.8 K | 19 K | - | 8.92 K | 81.2 K | -56.7 K | -58.7 K | -19.1 K | -17.9 K | 14.1 K | 37.3 K | -8.04 K | 31.1 K | - |
EBITDA |
-10.2 M | -9.99 M | -2.02 M | -1.3 M | 361 K | -770 K | -1.19 M | 202 K | -184 K | -215 K | 402 K | 145 K | -1.36 M | - |
Operating Expenses |
15.7 M | 12.5 M | 4.13 M | 3.24 M | 5.91 M | 5.87 M | 6.3 M | 6.21 M | 6.14 M | 6.66 M | 6.29 M | 5.8 M | 4.77 M | - |
General and Administrative Expenses |
15.6 M | 11.4 M | 4.06 M | 3.18 M | 5.58 M | 5.62 M | 6.02 M | 5.83 M | 5.66 M | 6.08 M | 5.97 M | 5.3 M | 4.18 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Schmitt Industries
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
- | 3.79 M | 3.78 M | 3.78 M | 3.78 M | 3.76 M | 3.76 M | 3.76 M | 3.76 M | 3.86 M | 4.08 M | 4.03 M | 4.08 M | 4 M | 3.99 M | 3.99 M | 3.99 M | 3.71 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 2.99 M | 2.99 M | 2.99 M | 2.99 M | 2.99 M | 2.99 M | 2.99 M | 2.99 M | 2.94 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M | 2.9 M |
Net Income |
- | -1.05 M | 2.48 M | -1.62 M | 2.19 M | -2.42 M | -2.37 M | 151 K | -2.37 M | -131 K | 4.52 M | 170 K | 4.52 M | -475 K | -255 K | -212 K | -255 K | 15.6 K | 103 K | -134 K | 103 K | -131 K | -382 K | -126 K | -382 K | -451 K | -404 K | -195 K | -404 K | -168 K | -69.8 K | 51.8 K | -69.8 K | -72.1 K | -163 K | -147 K | -163 K | -191 K | -105 K | 120 K | -105 K | 12.6 K | -78.2 K | 137 K | -78.2 K | 137 K | -78.2 K | 137 K |
Revenue |
- | 1.85 M | 2.96 M | 3.76 M | 2.96 M | 1.67 M | 2.03 M | 1.51 M | 2.03 M | 1.09 M | 1.03 M | 3.34 M | 1.03 M | 3.08 M | 3.5 M | 3.44 M | 1.16 M | 3.44 M | 3.5 M | 3.24 M | 3.77 M | 3.08 M | 6.85 M | 3.2 M | 2.66 M | 2.89 M | 2.66 M | 2.89 M | 3.07 M | 3.1 M | 3.07 M | 3.1 M | 3.15 M | 3.05 M | 3.15 M | 3.05 M | 3.14 M | 2.9 M | 3.14 M | 2.9 M | 2.7 M | 3.68 M | 2.7 M | 3.68 M | 3.48 M | 3.47 M | 3.48 M | 3.47 M |
Cost of Revenue |
- | 1.03 M | 1.34 M | 1.47 M | 1.36 M | 837 K | 1.07 M | 900 K | 1.07 M | 491 K | 643 K | 1.78 M | 643 K | 2.07 M | 2.14 M | 2.1 M | 676 K | 1.92 M | 2.04 M | 1.68 M | 2.04 M | 1.98 M | 1.62 M | 1.52 M | 1.62 M | 1.47 M | 1.8 M | 1.66 M | 1.8 M | 1.66 M | 1.6 M | 1.59 M | 1.6 M | 1.61 M | 1.68 M | 1.57 M | 1.68 M | 1.44 M | 1.16 M | 1.81 M | 1.16 M | 1.62 M | 2.01 M | 1.76 M | 2.01 M | 1.76 M | 2.01 M | 1.76 M |
Gross Profit |
- | 820 K | 1.62 M | 2.29 M | 1.61 M | 831 K | 962 K | 608 K | 962 K | 604 K | 390 K | 1.56 M | 390 K | 1.01 M | 1.36 M | 1.34 M | 482 K | 1.32 M | 1.73 M | 1.4 M | 1.73 M | 1.21 M | 1.03 M | 1.38 M | 1.03 M | 1.06 M | 1.28 M | 1.44 M | 1.28 M | 1.35 M | 1.55 M | 1.46 M | 1.55 M | 1.46 M | 1.47 M | 1.33 M | 1.47 M | 1.36 M | 1.54 M | 1.87 M | 1.54 M | 1.54 M | 1.47 M | 1.71 M | 1.47 M | 1.71 M | 1.47 M | 1.71 M |
Operating Income |
- | -2.55 M | -2.27 M | -2.37 M | -2.56 M | -2.5 M | -2.15 M | -1.62 M | -2.15 M | -432 K | -609 K | 269 K | -609 K | -515 K | -224 K | -114 K | -343 K | -40 K | 101 K | -145 K | 101 K | -98.7 K | -353 K | -116 K | -353 K | -410 K | -378 K | -182 K | -378 K | -151 K | -70.8 K | 53.1 K | -70.8 K | -81.7 K | -151 K | -147 K | -151 K | -174 K | -113 K | 126 K | -113 K | -697 | -98.3 K | 134 K | -98.3 K | 134 K | -98.3 K | 134 K |
Interest Expense |
- | 8.23 K | 18.3 K | 11.3 K | 18.3 K | 85.3 K | -135 K | 96.1 K | 1.28 K | 187 K | 5.36 K | -83.4 K | 5.36 K | 46.8 K | -24.6 K | -91.7 K | 6.01 K | 61.8 K | 9.08 K | 17.5 K | 9.08 K | -25.6 K | -23.6 K | -1.83 K | -23.6 K | -34.1 K | -19.1 K | -5.92 K | -19.1 K | -15.6 K | 3.34 K | 1.06 K | 3.34 K | 11.5 K | -9.55 K | 3.45 K | -9.55 K | -2.35 K | 7.92 K | 512 | 7.92 K | 6.9 K | 16.7 K | 9.44 K | 16.7 K | 9.44 K | 16.7 K | 9.44 K |
EBITDA |
- | -2.14 M | -1.98 M | -2.22 M | -2.56 M | -2.2 M | -1.96 M | -1.38 M | -2.15 M | -311 K | -526 K | 317 K | -609 K | -376 K | -130 K | -66.6 K | -343 K | 116 K | 205 K | -92.5 K | 101 K | 66.4 K | -242 K | -61.6 K | -353 K | -223 K | -251 K | -117 K | -378 K | 51.5 K | 69.1 K | 128 K | -70.8 K | 173 K | 24 K | -59.1 K | -151 K | 86.7 K | 60.6 K | 212 K | -113 K | 256 K | 70.4 K | 218 K | -98.3 K | 218 K | 70.4 K | 218 K |
Operating Expenses |
- | 3.37 M | 3.89 M | 4.66 M | 4.17 M | 3.34 M | 3.11 M | 2.23 M | 3.11 M | 1.04 M | 999 K | 1.29 M | 999 K | 1.53 M | 1.59 M | 1.45 M | 826 K | 1.36 M | 1.63 M | 1.54 M | 1.63 M | 1.31 M | 1.38 M | 1.49 M | 1.38 M | 1.47 M | 1.65 M | 1.62 M | 1.65 M | 1.5 M | 1.62 M | 1.41 M | 1.62 M | 1.54 M | 1.62 M | 1.48 M | 1.62 M | 1.53 M | 1.66 M | 1.75 M | 1.66 M | 1.54 M | 1.56 M | 1.57 M | 1.56 M | 1.57 M | 1.56 M | 1.57 M |
General and Administrative Expenses |
- | 3.35 M | 3.89 M | 4.65 M | 4.16 M | 3.31 M | 3.09 M | 2.09 M | 3.09 M | 1.01 M | 993 K | 1.28 M | 993 K | 1.51 M | 1.54 M | 1.41 M | 801 K | 1.29 M | 1.52 M | 1.47 M | 1.52 M | 1.26 M | 1.32 M | 1.41 M | 1.32 M | 1.41 M | 1.58 M | 1.54 M | 1.58 M | 1.41 M | 1.5 M | 1.34 M | 1.5 M | 1.39 M | 1.51 M | 1.35 M | 1.51 M | 1.37 M | 1.52 M | 1.63 M | 1.52 M | 1.45 M | 1.52 M | 1.51 M | 1.52 M | 1.51 M | 1.52 M | 1.51 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Schmitt Industries (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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