Smith-Midland Corporation (SMID)

Smith-Midland Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	59.58	50.13	50.64	43.86	46.69
Revenue Growth (YoY)	18.85%	-1.01%	15.46%	-6.06%	16.09%
Cost of Revenue	48.93	40.66	36.22	32.82	36.72
Gross Profit	10.65	9.47	14.42	11.04	9.97
Selling, General & Admin	9.53	8.62	8.25	7.28	7.42
Operating Expenses	9.53	8.62	8.25	7.28	7.42
Operating Income	1.12	0.85	6.17	3.76	2.55
Interest Expense / Income	0.26	0.26	0.19	0.22	0.18
Other Expense / Income	-0.46	-0.35	-3.12	-0.25	-0.13
Pretax Income	1.32	0.95	9.09	3.79	2.5
Income Tax	0.53	0.15	1.52	1.13	0.55
Net Income	0.8	0.8	7.57	2.67	1.95
Net Income Growth	-0.62%	-89.43%	184.05%	36.74%	15.53%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Change	0.51%	0.38%	0.52%	0.96%	1.06%
EPS (Basic)	0.15	0.15	1.45	0.51	0.38
EPS (Diluted)	0.15	0.15	1.45	0.51	0.38
EPS Growth	0%	-89.66%	184.31%	34.21%	15.15%
Free Cash Flow	3.07	-8.97	4.25	5.1	-0.42
Free Cash Flow Per Share	0.58	-1.71	0.81	0.98	-0.08
Dividend Per Share	-	-	-	-	0.055
Gross Margin	17.88%	18.89%	28.47%	25.17%	21.35%
Operating Margin	1.88%	1.70%	12.18%	8.57%	5.45%
Profit Margin	1.33%	1.60%	14.95%	6.08%	4.17%
Free Cash Flow Margin	5.15%	-17.88%	8.39%	11.62%	-0.90%
Effective Tax Rate	39.91%	15.34%	16.76%	29.72%	21.98%
EBITDA	3.98	4.09	11.96	6.42	4.47
EBITDA Margin	6.68%	8.15%	23.61%	14.64%	9.57%
Depreciation & Amortization	2.4	2.88	2.67	2.41	1.79
EBIT	1.58	1.21	9.28	4.01	2.68
EBIT Margin	2.65%	2.40%	18.33%	9.14%	5.73%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).