Schmitt Industries, Inc. (SMIT)

NASDAQ: SMIT · IEX Real-Time Price · USD
4.20
-0.03 (-0.71%)
At close: Aug 5, 2022 4:00 PM
4.05
-0.15 (-3.57%)
After-hours: Aug 8, 2022 5:13 PM EDT
-0.71%
Market Cap 16.07M
Revenue (ttm) 11.23M
Net Income (ttm) -3.20M
Shares Out 3.83M
EPS (ttm) -0.85
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 11,819
Open 4.26
Previous Close 4.23
Day's Range 4.10 - 4.26
52-Week Range 3.61 - 6.76
Beta 0.93
Analysts n/a
Price Target n/a
Earnings Date Aug 30, 2022

About SMIT

Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company operates through two segments, Measurement and Ice Cream. The Measurement segment designs, manufactures, and sells laser and confocal chromatic white light sensors for distance measurement and dimensional sizing products under the Acuity brand name for various industrial applications, including manufacturing, lumber production, steel casting, glass and paper production, medical imaging, crane control an... [Read more...]

Industry Electronic Equipment, Instruments & Components
IPO Date Mar 7, 1995
CEO David Case
Employees 138
Stock Exchange NASDAQ
Ticker Symbol SMIT
Full Company Profile

Financial Performance

Financial Statements

News

SCHMITT INDUSTRIES COMMENTS ON POTENTIAL TRANSACTION WITH PROTON GREEN

PORTLAND, Ore. , July 25, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") in response to certain questions regarding the announcement of the potential reverse m...

VVC Portfolio Company, Proton Green, Plans for "Reverse Merger" with Nasdaq Listed Company

Poised To Be One of The Leading Helium and Hydrogen Production and Carbon Sequestration Hubs in North America Poised To Be One of The Leading Helium and Hydrogen Production and Carbon Sequestration Hubs...

SCHMITT INDUSTRIES ENTERS INTO TERM SHEET WITH PROTON GREEN

Term sheet for reverse takeover transaction for one of the leading helium and hydrogen production and carbon sequestration hubs in North America PORTLAND, Ore. , July 20, 2022 /PRNewswire/ -- Schmitt In...

SCHMITT INDUSTRIES CLOSES SALE AGREEMENT FOR NICOLAI STREET PROPERTY

PORTLAND, Ore. , July 18, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announces that it has closed the Real Estate Purchase and Sale Agreement (the "Sale Ag...

SCHMITT INDUSTRIES PROVIDES AMPLE HILLS AND CORPORATE UPDATES

PORTLAND, Ore. , June 16, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today provided an update on Ample Hills and strategic transactions.

SCHMITT INDUSTRIES ENTERS INTO SALE AGREEMENT FOR NICOLAI STREET PROPERTY

PORTLAND, Ore. , June 7, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announces that it has entered into a Real Estate Purchase and Sale Agreement (the "Sale...

SCHMITT INDUSTRIES ANNOUNCES IT HAS ENTERED INTO LOI FOR XACT ASSETS

PORTLAND, Ore. , May 18, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announced that it has entered into a letter of intent to sell all assets related to its...

SCHMITT ANNOUNCES FY22 Q3 RESULTS AND STRATEGIC INTENTION TO FOCUS ON AMPLE HILLS CREAMERY

PORTLAND, Ore. , April 14, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its results for the third quarter of fiscal year 2022.

Pineapple Energy Enhances Board of Directors in Preparation for Public Listing

--Two New Appointments Rounds Out Board to Seven Members—

ACUITY ANNOUNCES NEW 8-INCH TOUCH PANEL DISPLAY

PORTLAND, Ore., Jan. 18, 2022 /PRNewswire/ -- Schmitt Industries' (NASDAQ: SMIT) Acuity Laser is excited to announce the new 8-inch Touch Panel Display.

Schmitt Announces Second Quarter Fiscal 2022 Operating Results

PORTLAND, Ore., Jan. 14, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal quarter ended November 30, 2021.

SCHMITT INDUSTRIES ANNOUNCES NEW XRC Cellular Tank Monitor

PORTLAND, Ore., Dec. 16, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced its Xact™ Tank Monitoring Solutions ("Xact") business line, a leading provider of satellite-connecte...

Schmitt Industries Annual Meeting and Update to be Held December 10, 2021

PORTLAND, Ore., Nov. 23, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") reminds its shareholders that Schmitt's 2021 annual meeting (the "Annual Meeting") will...

Activist Investing LLC Announces 9.9% Ownership Interest in Schmitt Industries, Inc.

NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Activist Investing LLC (together with its affiliates, “Activist Investing” or “we”), today announced the acquisition of approximately 9.9% of the outstanding ...

Schmitt Industries Completes Sale of 28th Street Property

PORTLAND, Ore., Nov. 11, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced the sale of the 28th Street building for $5.1 million with net proceeds of $4.7 million.

Schmitt Industries Announces New AR2700 Long-Range Sensor

PORTLAND, Ore., Oct. 27, 2021 /PRNewswire/ -- Schmitt Industries' (NASDAQ: SMIT) Acuity Laser is proud to announce the AR2700 High-Speed Long-Range Sensor, their highest speed long range sensor to date.

Schmitt Industries Appoints Alex Zyngier to its Board

PORTLAND, Ore., Oct. 22, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced the appointment of Alex Zyngier as the fifth member of the Company's Board of Directors (the "Board"...

Schmitt Announces First Quarter Fiscal 2022 Operating Results

PORTLAND, Ore., Oct. 20, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal quarter ended August 31, 2021.

Schmitt Announces Fiscal 2021 Operating Results

PORTLAND, Ore., Aug. 31, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal year ended May 31, 2021.

Schmitt Industries Announces New AS2100 Accurate Distance Sensor

PORTLAND, Ore., July 28, 2021 /PRNewswire/ -- Schmitt Industries Inc. (NASDAQ: SMIT) is pleased to announce the release of a new product, the AS2100 Accurate Distance Sensor.

Schmitt Announces Third Quarter Fiscal 2021 Operating Results

PORTLAND, Ore., April 22, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal quarter ended February 28, 2021.

Schmitt Announces Second Quarter Fiscal 2021 Operating Results

PORTLAND, Ore., Jan. 14, 2021 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its operating results for the fiscal quarter ended November 30, 2020. T...

Schmitt Industries Annual Meeting and Update Video Conference to be Held December 10, 2020

PORTLAND, Ore., Nov. 23, 2020 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") reminds its shareholders that Schmitt's 2020 annual meeting (the "Annual Meeting") will...

Schmitt Industries Announces CFO Appointment

PORTLAND, Ore., Nov. 6, 2020 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") is pleased to announce the appointment of Philip Bosco, CPA, as Chief Financial Officer ...

Schmitt Industries Receives Compliance Notice From Nasdaq

PORTLAND, Ore., Nov. 02, 2020 (GLOBE NEWSWIRE) -- On November 2, 2020, Schmitt Industries, Inc. (NASDAQ: SMIT) (the “Company” or “Schmitt”) received written notice from the Listing Qualifications Depart...