OverviewSuggest Edit

Schmitt Industries is a company that designs, manufactures, and markets test, measurement, and process control systems. It offers solutions for a range of industrial and commercial applications, including grinding process monitoring and control, surface finish and micro-roughness measurement, laser-based non-contact dimensional and distance measurement lasers, and remote propane tank level monitoring.

TypePublic
Founded1987
HQPortland, US
Websiteschmittindustries.com

Latest Updates

Employees (est.) (Jul 2019)50(-7%)
Revenue (FY, 2020)$4.2 M(-69%)
Share Price (Nov 2020)$5.5
Cybersecurity ratingBMore

Key People/Management at Schmitt Industries

Michael Zapata

Michael Zapata

President and Chief Executive Officer, Chairman
David Hudson

David Hudson

Director
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Schmitt Industries Office Locations

Schmitt Industries has an office in Portland
Portland, US (HQ)
Schmitt Industries Inc. in Portland
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Schmitt Industries Financials and Metrics

Schmitt Industries Revenue

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Schmitt Industries's revenue was reported to be $4.19 m in FY, 2020
USD

Revenue (Q1, 2021)

1.5m

Gross profit (Q1, 2021)

607.6k

Gross profit margin (Q1, 2021), %

40.3%

Net income (Q1, 2021)

150.7k

EBIT (Q1, 2021)

(1.6m)

Market capitalization (17-Nov-2020)

20.8m

Closing stock price (17-Nov-2020)

5.5

Cash (31-Aug-2020)

8.9m

EV

25.2m
Schmitt Industries's current market capitalization is $20.8 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

12.4m13.9m13.8m4.2m

Revenue growth, %

12%(1%)

Cost of goods sold

7.5m7.8m8.8m2.2m

Gross profit

4.9m6.1m5.0m2.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

3.1m3.8m3.2m3.4m3.5m3.1m3.3m1.0m1.1m1.5m

Cost of goods sold

1.7m2.0m1.9m2.1m2.1m2.1m1.8m643.3k491.3k899.8k

Gross profit

1.4m1.7m1.3m1.3m1.4m1.0m1.6m389.8k603.6k607.6k

Gross profit Margin, %

46%46%41%39%39%33%47%38%55%40%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

867.6k2.1m1.4m10.1m

Accounts Receivable

2.3m2.0m2.0m574.9k

Prepaid Expenses

115.8k148.9k151.0k60.7k

Inventories

4.2m5.7m5.0m1.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

529.4k587.0k2.0m1.7m1.3m1.2m1.6m12.1m10.5m8.9m

Accounts Receivable

2.1m2.2m2.1m1.9m2.2m2.1m2.0m395.2k645.7k644.3k

Prepaid Expenses

130.0k105.4k149.3k119.9k136.0k193.3k155.4k47.6k91.4k182.0k

Inventories

4.5m4.8m5.4m6.1m6.1m5.8m5.0m1.1m1.1m1.9m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(1.1m)210.6k(1.2m)3.9m

Depreciation and Amortization

219.1k205.2k188.3k161.1k

Inventories

478.5k(1.5m)96.6k181.8k

Accounts Payable

230.2k(78.0k)(523.4k)165.1k
USDFY, 2017

Revenue/Employee

229.6k

Financial Leverage

1.3 x
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Schmitt Industries Operating Metrics

May, 2020

Product Lines

3

Patents (US)

5

Patent Applications (US)

6

Trademarks (US)

2
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Schmitt Industries Acquisitions / Subsidiaries

Company NameDateDeal Size
Optical DimensionsSeptember 30, 2009$200.29 k
XteroFebruary 20, 2008$1.80 m
Acuity ResearchJune 01, 2000$747.73 k
Schmitt Europe, Ltd.
Schmitt Industries Canada, Ltd.
Schmitt Measurement Systems, Inc.

Schmitt Industries Revenue Breakdown

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Schmitt Industries revenue breakdown by business segment: 34.2% from Measurement and 65.8% from Balancer

Schmitt Industries revenue breakdown by geographic segment: 24.1% from Asia, 15.2% from Europe, 59.5% from North America and 1.2% from Other

Schmitt Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Schmitt Industries Online and Social Media Presence

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Schmitt Industries News and Updates

Schmitt Industries Announces Intention to Delist and Deregister Its Common Stock

PORTLAND, Ore., Feb. 04, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced its intention to delist its common stock from the NASDAQ Stock Market (“NASDAQ”) and list on the OTC Pink Market. Shifting the listing allows Schmitt to save costs…

Road Profile Laser Sensors Market Demand & Competitive Analysis by 2025| Limab AB, Pavemetrics, Schmitt Industries

The Road Profile Laser Sensors market was valued at xx Million US$ in 2020 and is projected to reach xx Million US$ by 2026, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2020 to 2026 as the forecast period to estimate the market size for R…

Schmitt Industries Completes Sale of SBS Business Line for $10.5 Million

PORTLAND, Ore., Nov. 27, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (“Schmitt” or the “Company”) (NASDAQ: SMIT) today announced that it has closed on the sale of its Schmitt Dynamic Balance Systems (“SBS”) business line to Tosei Engineering Corp. and Tosei America, Inc. (collectively “Tosei…

Schmitt Industries adopts shareholder plan to protect tax benefits from past losses

Schmitt Industries Inc. said Tuesday it is adopting a shareholder rights plan in an effort to protect its net operating loss carryforwards, or NOLs, which offer tax benefits. The company, which makes technology for the machine tool industry and ultrasonic-based remote tank monitoring products, said…

Schmitt Industries Appoints Steven Strom to Its Board

PORTLAND, Ore., June 26, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced the appointment of Steven Strom as the fifth member of the Company’s Board of Directors (the “Board”) effective June 21, 2019. Steven Strom is an “independent director” according to the rules …

Schmitt Industries Announces Third Quarter Fiscal 2019 Operating Results

PORTLAND, Ore., April 10, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) today announced its operating results for the third quarter of Fiscal 2019.
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Schmitt Industries Frequently Asked Questions

  • When was Schmitt Industries founded?

    Schmitt Industries was founded in 1987.

  • Who are Schmitt Industries key executives?

    Schmitt Industries's key executives are Michael Zapata and David Hudson.

  • How many employees does Schmitt Industries have?

    Schmitt Industries has 50 employees.

  • What is Schmitt Industries revenue?

    Latest Schmitt Industries annual revenue is $4.2 m.

  • What is Schmitt Industries revenue per employee?

    Latest Schmitt Industries revenue per employee is $83.8 k.

  • Who are Schmitt Industries competitors?

    Competitors of Schmitt Industries include LeiShen, Nufern and TriLumina.

  • Where is Schmitt Industries headquarters?

    Schmitt Industries headquarters is located at Schmitt Industries Inc. in Portland, Portland.

  • Where are Schmitt Industries offices?

    Schmitt Industries has an office in Portland.

  • How many offices does Schmitt Industries have?

    Schmitt Industries has 1 office.