Last quarter (Q ), Schmitt Industries's total revenue was $1.32M, a decrease of -50.23% from the same quarter last year. In Q, Schmitt Industries's net income was $-3.53M. See Schmitt Industries’s key income statements, including revenue, expenses, profit, and income.

Income Statement	TTM	May 22	May 21	May 20	May 19	May 18
Total Revenue	$ 9.89M	$ 9.89M	$ 5.60M	$ 4.19M	$ 4.73M	$ 13.89M
Cost of Revenue	$ 589.06K	$ -4.82M	$ -3.54M	$ 2.24M	$ 2.96M	$ 7.82M
Gross Profit	$ 5.07M	$ 5.07M	$ 2.06M	$ 1.95M	$ 1.77M	$ 6.07M
Operating Expense	$ 930.38K	$ -15.68M	$ -12.50M	$ 4.13M	$ 3.24M	$ 5.91M
Operating Income	$ -10.62M	$ -10.62M	$ -9.53M	$ -2.18M	$ -1.47M	$ 155.37K
Net Non Operating Interest Income Expense	$ 2.01M	$ 2.01M	$ -19.04K	$ 0.00	$ 12.06K	-
Other Income Expense	$ 6.03M	$ -4.91M	$ -508.41K	$ 322.98K	$ -3.14K	$ 81.18K
Pretax Income	$ -3.69M	$ -3.69M	$ -9.04M	$ -1.86M	$ -1.46M	$ 236.55K
Tax Provision	$ 19.20K	$ 19.20K	$ -403.67K	$ -14.64K	$ 8.78K	$ 25.91K
Earnings From Equity Interest Net Of Tax	$ 4.60M	$ 4.60M	-	-	-	-
Net Income Common Stockholders	$ -3.28M	$ -3.28M	$ -8.09M	$ 3.88M	$ -1.21M	$ 210.64K
Basic EPS	$ -0.56	$ -0.86	$ -2.15	$ 0.98	$ -0.30	$ 0.06
Diluted EPS	$ -0.57	$ -0.86	$ -2.15	$ 0.98	$ -0.30	$ 0.06
Basic Average Shares	$ 15.16M	$ 3.81M	$ 3.77M	$ 3.94M	$ 4.01M	$ 3.42M
Diluted Average Shares	$ 15.20M	$ 3.81M	$ 3.77M	$ 3.94M	$ 4.01M	$ 3.46M
Dividend Per Share	-	-	-	$ 0.00	$ 0.00	$ 0.00
Total Operating Income As Reported	-	-	-	-	-	-
Reported Normalized Basic E P S	-	-	-	-	-	-
Reported Normalized Diluted E P S	-	-	-	$ -0.25	$ 0.03	-
Rent Expense Supplemental	-	-	-	-	-	-
Total Expenses	$ 1.52M	$ -20.51M	$ -16.03M	$ 6.37M	$ 6.20M	$ 13.73M
Net Income From Continuing And Discontinued Operation	$ -3.28M	$ -3.28M	$ -8.09M	$ 3.88M	$ -1.21M	$ 210.64K
Normalized Income	$ -3.45M	-	-	$ -1.84M	$ -1.47M	$ 210.64K
Interest Expense	$ 29.58K	-	-	$ 0.00	$ 12.16K	-
EBIT	$ -3.64M	$ -3.64M	$ -9.02M	$ -1.86M	$ -1.45M	$ 155.37K
EBITDA	$ -3.21M	$ -3.21M	$ -8.58M	$ -1.70M	$ -1.27M	$ 360.61K

Currency in USD

Schmitt Industries Earnings and Revenue History

Get More with TipRanks Premium

What's Included in PREMIUM?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing