SMIT
Income statement / Annual
Last year (2022), Schmitt Industries, Inc.'s total revenue was $9.89 M,
an increase of 76.65% 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 |
$5.60 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
|
0.58
|
0.47
|
0.36
|
0.44
|
0.39
|
0.42
|
0.47
|
0.46
|
0.49
|
| Research and Development Expenses |
$40.46 K
|
$83.13 K
|
$68.85 K
|
$129.04 K
|
$327.32 K
|
$256.16 K
|
$287.67 K
|
$378.31 K
|
$475.43 K
|
$573.46 K
|
| 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
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
-$56.67 K
|
-$58.71 K
|
-$19.12 K
|
-$17.89 K
|
$14.11 K
|
| 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
|
$16.03 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
|
$67.13 K
|
$24.22 K
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$46.83 K
|
$19.04 K
|
$0.00
|
$12.16 K
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$437.18 K
|
$443.93 K
|
$161.14 K
|
$173.22 K
|
$205.24 K
|
$219.08 K
|
$245.82 K
|
$266.57 K
|
$328.29 K
|
$347.72 K
|
| EBITDA |
-$3.21 M |
-$8.58 M |
-$1.70 M |
-$1.27 M |
$155.37 K |
-$769.60 K |
-$1.19 M |
$202.11 K |
-$184.11 K |
-$214.56 K |
| EBITDA Ratio |
-0.32
|
-1.53
|
-0.4
|
-0.09
|
0.01
|
-0.06
|
-0.1
|
0.02
|
-0.02
|
-0.02
|
| Operating Income Ratio |
-1.07
|
-1.86
|
-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
|
$322.98 K
|
$8.92 K
|
$81.18 K
|
-$56.67 K
|
-$58.71 K
|
-$19.12 K
|
-$17.89 K
|
$14.11 K
|
| Income Before Tax |
-$3.69 M
|
-$9.04 M
|
-$1.86 M
|
-$1.08 M
|
$236.55 K
|
-$1.05 M
|
-$1.50 M
|
-$83.58 K
|
-$530.29 K
|
-$548.17 K
|
| Income Before Tax Ratio |
-0.37
|
-1.61
|
-0.44
|
-0.08
|
0.02
|
-0.08
|
-0.13
|
-0.01
|
-0.04
|
-0.04
|
| Income Tax Expense |
$19.20 K
|
-$403.67 K
|
-$14.64 K
|
$26.44 K
|
$25.92 K
|
$28.01 K
|
$20.00 K
|
$10.09 K
|
$9.33 K
|
-$8.28 K
|
| Net Income |
-$3.28 M
|
-$8.09 M
|
$3.88 M
|
-$1.11 M
|
$210.64 K
|
-$1.07 M
|
-$1.52 M
|
-$93.67 K
|
-$539.62 K
|
-$539.88 K
|
| Net Income Ratio |
-0.33
|
-1.44
|
0.93
|
-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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