SCHMITT INDUSTRIES INC
Industrials · Industrial Instruments For Measurement, Display, and Control · OR · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $9.9M | $5.6M | $4.2M | $4.7M | $13.9M | $12.4M |
| Operating income | −$10.6M | −$10.4M | −$2.2M | −$1.5M | $155,372 | −$988,684 |
| Net income | −$3.3M | −$8.1M | $3.9M | −$1.2M | $210,639 | −$1.1M |
| Total assets | $22.8M | $21.2M | $13.2M | $9.9M | $11.3M | $9.0M |
| Total liabilities | $22.2M | $17.4M | $1.3M | $1.4M | — | — |
| Equity | $605,205 | $3.8M | $11.9M | $8.5M | $9.5M | $7.0M |
| EPS (diluted) | $-0.86 | $-2.15 | $0.98 | $-0.30 | $0.06 | $-0.36 |
| Shares out. | 3.9M | 3.8M | 3.7M | 4.0M | 4.0M | 3.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- −107.3%
- Net margin
- −33.2%
- Return on equity
- −542.6%
- Return on assets
- −14.4%
- Return on capital (ROCE)
- −62.4%
- Liabilities / assets
- 97.4%
- Debt / equity
- 36.74×
- Book value / share
- $0.16
- Revenue growth (YoY)
- 76.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- -5.29distress
- Accruals / assets
- 20.9%high accruals
- Beneish M-Score
- -1.25elevated
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 6 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Beneish M-Score elevated — earnings-manipulation screen flag
- Revenue is growing year-over-year
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Aug 29, 2022
- NT 10-Qmissed a reporting deadline ↗Oct 18, 2021
- NT 10-Kmissed a reporting deadline ↗Aug 31, 2021
- NT 10-Qmissed a reporting deadline ↗Apr 15, 2021
- NT 10-Qmissed a reporting deadline ↗Oct 16, 2020
- NT 10-Qmissed a reporting deadline ↗Jan 15, 2008
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Henderson Dustin | Mar 23, 2023 | Sell | 10,000 | $0.01 |
| Smaha Kristi MichelleDirector | Nov 15, 2022 | Grant | 43,103 | $0.00 |
| Zapata Michael R.Officer — Chief Executive Officer | Oct 12, 2022 | Grant | 3,788 | $0.00 |
| Zyngier AlexandreDirector | Oct 12, 2022 | Grant | 3,346 | $0.00 |
| Tung LillianDirector | Apr 14, 2022 | Grant | 1,258 | $0.00 |
| Zyngier AlexandreDirector | Apr 14, 2022 | Grant | 1,361 | $0.00 |
| Zapata Michael R.Officer — Chief Executive Officer | Apr 14, 2022 | Grant | 1,541 | $0.00 |
| Bosco PhilipOfficer — Chief Financial Officer | Mar 14, 2022 | Grant | 1,527 | $0.00 |
| Zyngier AlexandreDirector | Jan 14, 2022 | Grant | 1,287 | $0.00 |
| Zapata Michael R.Officer — Chief Executive Officer | Jan 14, 2022 | Grant | 1,457 | $0.00 |
| Tung LillianDirector | Jan 14, 2022 | Grant | 1,190 | $0.00 |
| Zyngier AlexandreDirector | Oct 22, 2021 | Grant | 3,886 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Debt acceleration / triggering eventMay 28, 2026
- Director / officer changeMay 28, 2026
- Changed auditor · Director / officer changeFeb 3, 2023
- Director / officer changeNov 16, 2022
- Entered a material agreement · New financial obligationOct 28, 2022
- Delisting / listing-standard notice · Regulation FD disclosureOct 20, 2022
- Director / officer changeOct 6, 2022
- Delisting / listing-standard notice · Prior financials not reliable (restatement) · Regulation FD disclosureSep 20, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KMay 28, 2026
- 8-KMay 28, 2026
- SEC STAFF ACTIONSep 8, 2023
- 4PRIMARY DOCUMENTApr 13, 2023
- 8-KFORM 8-KFeb 3, 2023
- 25-NSEJan 25, 2023
- SC 13D/AAMENDMENT NO. 1 TO THE SCHEDULE 13DDec 23, 2022
- 4OWNERSHIP DOCUMENTNov 17, 2022
- 3OWNERSHIP DOCUMENTNov 17, 2022
- 8-KNov 16, 2022
- SC 13D/ANov 14, 2022
- 3PRIMARY DOCUMENTNov 10, 2022
- 8-KOct 28, 2022
- 8-KFORM 8-KOct 20, 2022
- 4OWNERSHIP DOCUMENTOct 17, 2022
Event-driven situations (1)
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