SMIT
Income statement / Annual
Last year (2022), Schmitt Industries, Inc.'s total revenue was $9.89 M,
an increase of 25.80% from the previous year.
In 2022, Schmitt Industries, Inc.'s net income was -$3.28 M.
See Schmitt Industries, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
FY-2013
|
| Period Ended |
05/31/2022 |
05/31/2021 |
05/31/2020 |
05/31/2019 |
05/31/2018 |
05/31/2017 |
05/31/2016 |
05/31/2015 |
05/31/2014 |
05/31/2013 |
| Operating Revenue |
$9.89 M |
$7.86 M |
$4.19 M |
$13.81 M |
$13.89 M |
$12.40 M |
$11.69 M |
$13.07 M |
$12.13 M |
$12.45 M |
| Cost of Revenue |
$4.82 M
|
$4.59 M
|
$2.24 M
|
$8.82 M
|
$7.82 M
|
$7.51 M
|
$6.82 M
|
$6.93 M
|
$6.51 M
|
$6.36 M
|
| Gross Profit |
$5.07 M
|
$3.27 M
|
$1.95 M
|
$4.99 M
|
$6.07 M
|
$4.89 M
|
$4.87 M
|
$6.14 M
|
$5.63 M
|
$6.09 M
|
| Gross Profit Ratio |
0.51
|
0.42
|
0.47
|
0.36
|
0.44
|
0.39
|
0.42
|
0.47
|
0.46
|
0.49
|
| Research and Development Expenses |
$40,456.00
|
$83,130.00
|
$68,849.00
|
$129,040.00
|
$327,317.00
|
$256,164.00
|
$287,672.00
|
$378,305.00
|
$475,430.00
|
$573,461.00
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$4.06 M
|
$5.86 M
|
$5.58 M
|
$5.62 M
|
$6.02 M
|
$5.83 M
|
$5.66 M
|
$6.08 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$15.64 M
|
$12.05 M
|
$4.06 M
|
$5.86 M
|
$5.58 M
|
$5.62 M
|
$6.02 M
|
$5.83 M
|
$5.66 M
|
$6.08 M
|
| Other Expenses |
$0.00
|
$273,023.00
|
$322,980.00
|
-$77,051.00
|
$81,182.00
|
-$56,671.00
|
-$58,713.00
|
-$19,123.00
|
-$17,887.00
|
$14,106.00
|
| Operating Expenses |
$15.68 M
|
$12.13 M
|
$4.13 M
|
$5.99 M
|
$5.91 M
|
$5.87 M
|
$6.30 M
|
$6.21 M
|
$6.14 M
|
$6.66 M
|
| Cost And Expenses |
$20.51 M
|
$16.72 M
|
$6.37 M
|
$14.81 M
|
$13.73 M
|
$13.39 M
|
$13.12 M
|
$13.13 M
|
$12.65 M
|
$13.01 M
|
| Interest Income |
$0.00
|
$0.00
|
$67,129.00
|
$24,221.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$46,828.00
|
$19,038.00
|
$2,435.00
|
$12,160.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$437,183.00
|
$443,926.00
|
$161,137.00
|
$173,216.00
|
$205,239.00
|
$219,082.00
|
$245,824.00
|
$266,572.00
|
$328,293.00
|
$347,715.00
|
| EBITDA |
-$3.21 M |
-$8.58 M |
-$1.70 M |
-$1.27 M |
$155,372.00 |
-$769,602.00 |
-$1.19 M |
$202,113.00 |
-$184,112.00 |
-$214,557.00 |
| EBITDA Ratio |
-0.32
|
-1.09
|
-0.52
|
-0.07
|
0.01
|
-0.08
|
-0.12
|
-0
|
-0.04
|
-0.05
|
| Operating Income Ratio |
-1.07
|
-1.13
|
-0.52
|
-0.07
|
0.01
|
-0.08
|
-0.12
|
-0
|
-0.04
|
-0.05
|
| Total Other Income/Expenses Net |
$6.93 M
|
$1.39 M
|
$322,980.00
|
$8,919.00
|
$81,182.00
|
-$56,671.00
|
-$58,713.00
|
-$19,123.00
|
-$17,887.00
|
$14,106.00
|
| Income Before Tax |
-$3.69 M
|
-$8.49 M
|
-$1.86 M
|
-$1.08 M
|
$236,554.00
|
-$1.05 M
|
-$1.50 M
|
-$83,582.00
|
-$530,292.00
|
-$548,166.00
|
| Income Before Tax Ratio |
-0.37
|
-1.08
|
-0.44
|
-0.08
|
0.02
|
-0.08
|
-0.13
|
-0.01
|
-0.04
|
-0.04
|
| Income Tax Expense |
$19,197.00
|
-$403,666.00
|
-$14,638.00
|
$26,439.00
|
$25,915.00
|
$28,009.00
|
$20,002.00
|
$10,087.00
|
$9,332.00
|
-$8,284.00
|
| Net Income |
-$3.28 M
|
-$8.09 M
|
-$1.84 M
|
-$1.11 M
|
$210,639.00
|
-$1.07 M
|
-$1.52 M
|
-$93,669.00
|
-$539,624.00
|
-$539,882.00
|
| Net Income Ratio |
-0.33
|
-1.03
|
-0.44
|
-0.08
|
0.02
|
-0.09
|
-0.13
|
-0.01
|
-0.04
|
-0.04
|
| EPS |
-0.86 |
-2.15 |
-0.47 |
-0.28 |
0.0615 |
-0.36 |
-0.51 |
-0.0313 |
-0.18 |
-0.18 |
| EPS Diluted |
-0.86 |
-2.15 |
-0.47 |
-0.27 |
0.0609 |
-0.36 |
-0.51 |
-0.0313 |
-0.18 |
-0.18 |
| Weighted Average Shares Out |
$3.81 M
|
$3.77 M
|
$3.94 M
|
$4.01 M
|
$3.42 M
|
$3.00 M
|
$3.00 M
|
$3.00 M
|
$3.00 M
|
$2.99 M
|
| Weighted Average Shares Out Diluted |
$3.81 M
|
$3.77 M
|
$3.94 M
|
$4.05 M
|
$3.46 M
|
$3.00 M
|
$3.00 M
|
$3.00 M
|
$3.00 M
|
$3.00 M
|
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