Schmitt Industries (SMIT)

Schmitt Measurement Systems, Inc. • Ample Hills Acquisition LLC • Ample Hills Sub 1 LLC • Ample Hills Sub 2 LLC • Ample Hills Sub 3 LLC • Ample Hills Sub 4 LLC • Ample Hills Sub 5 LLC • Ample Hills Sub 6 LLC • Ample Hills Sub 7 LLC • Ample Hills Sub 8 LLC ...

IRS number

931151989

SMIT stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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8-K

Changes in Registrant's Certifying Accountant

Schmitt Industries Appoints Kristi Frank to Its Board

16 Nov 22

8-K

Entry into a Material Definitive Agreement

28 Oct 22

8-K

Fiscal 2022 Earnings Highlights

Annual report (amended)

13 Oct 22

Quarterly report (amended)

12 Oct 22

10-Q/A

2022 Q2

Quarterly report (amended)

12 Oct 22

Latest ownership filings

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Kristi Michelle Smaha

17 Nov 22

Kristi Michelle Smaha

17 Nov 22

SC 13D/A

GAMCO INVESTORS, INC. ET AL

Financial summary

Financial statements Chart SMIT financial data

Quarter (USD)	May 22	Feb 22	Nov 21	Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	May 22	May 21	May 20	May 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.05 mm	1.05 mm	1.05 mm	1.05 mm	1.05 mm	1.05 mm
Cash burn (monthly)	316.11 k	248.48 k	1.17 mm	496.04 k	401.18 k	670.61 k
Cash used (since last report)	9.73 mm	7.65 mm	36.07 mm	15.26 mm	12.34 mm	20.63 mm
Cash remaining	-8.68 mm	-6.59 mm	-35.02 mm	-14.21 mm	-11.29 mm	-19.58 mm
Runway (months of cash)	-27.4	-26.5	-29.9	-28.6	-28.1	-29.2

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

SMIT institutional ownership history Ownership history

11.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	3	13	-76.9%
Opened positions	0	3	EXIT
Closed positions	10	2	+400.0%
Increased positions	0	2	EXIT
Reduced positions	0	3	EXIT

13F shares	Current	Prev Q	Change
Total value	1.46 mm	230.50 mm	-99.4%
Total shares	438.73 k	1.78 mm	-75.3%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Sententia Capital Management	299.12 k	$779.00 k	0.0%
Activist Investing	126.56 k	$676.00 k	0.0%
Tower Research Capital	13.06 k	$0.00	0.0%

Largest transactions	Bought/sold	Change
Gamco Investors	-586.00 k	EXIT
TETAA Teton Advisors	-575.00 k	EXIT
Bridgeway Capital Management	-61.50 k	EXIT
MS Morgan Stanley	-50.92 k	EXIT
CSS	-45.87 k	EXIT
Advisor	-16.30 k	EXIT
UBS UBS	-2.26 k	EXIT
BLK BlackRock	-498.00	EXIT
Caldwell Sutter Capital	-270.00	EXIT
WFC Wells Fargo & Company	-22.00	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.