Schmitt Industries, Inc.

OTCPK:SMIT Stock Report

Market Cap: US$56.8k

Schmitt Industries Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Schmitt Industries.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Electronic earnings growth26.0%
Revenue growth raten/a
Future return on equityn/a
Analyst coverage

None

Last updatedn/a

Recent future growth updates

No updates

Recent updates

Seeking Alpha • Oct 20

Schmitt Industries GAAP EPS of -$0.86, revenue of $9.89M

Schmitt Industries press release (NASDAQ:SMIT): FY GAAP EPS of -$0.86. Revenue of $9.89M (+76.6% Y/Y).
Seeking Alpha • Sep 20

Schmitt receives non-compliance letter from Nasdaq

Schmitt Industries (NASDAQ:SMIT) said it had received written notice from Nasdaq Stock for not filing its annual report on Form 10-K for the fiscal year ended May 31 by September 13 as required for continued listing. Under Nasdaq rules, the Company has 60 calendar days, or until November 13, 2022, to submit to Nasdaq a plan to regain compliance with Nasdaq rules. If Nasdaq accepts the plan, the Company will have until February 27, 2023 to regain compliance. I t plans to file the Form 10-K in October.
Seeking Alpha • Jul 20

Schmitt Industries announces non-binding term sheet with Proton Green

Schmitt Industries (NASDAQ:SMIT) said Wednesday it entered into a non-binding term sheet, which contemplates a reverse merger with Proton Green and spin-off of SMIT's Ample Hills business. Proton Green would become a wholly-owned unit of SMIT. The combined firm would be renamed Proton and the stock would continue trading on Nasdaq under a new ticker. Proton shareholders would receive SMIT shares in the merger in exchange for shares held in Proton. The deal would include a spin-off of SMIT's Ample Hills business to pre-merger SMIT shareholders. The contemplated deal would give SMIT investors exposure to helium, hydrogen and clean energy industries, while allowing Proton to fund strategic initiatives. SMIT expects shareholders of Proton and SMIT would hold ~95% and ~5%, respectively, of the combined firm. The ratio could be subject to proportional dilution for any financing in connection with the deal's closing. Dilution could be impacted by SMIT's intent to transfer $10M to its Ample Hills unit in connection with the spin-off. There can be no assurance that a merger will be entered into.

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Schmitt Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

OTCPK:SMIT - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
5/31/202210-4-9-8N/A
2/28/202211-4-9-8N/A
11/30/202111-5-10-8N/A
8/31/202110-10-9-8N/A
5/31/20216-9-8-7N/A
2/28/20216-5-7-6N/A
11/30/20206-3-4-3N/A
8/31/20205-1-1-1N/A
5/31/20204-200N/A
2/29/20204-211N/A
11/30/20194-211N/A
8/31/20195-100N/A
5/31/20195-1-1-1N/A
2/28/20197-1-1-1N/A
11/30/201890-2-2N/A
8/31/2018120-1-1N/A
5/31/2018140-1-1N/A
2/28/2018140-1-1N/A
11/30/201714-100N/A
8/31/201713-1-10N/A
5/31/201712-100N/A
2/28/201712-1-1-1N/A
11/30/201611-1-1-1N/A
8/31/201611-1-10N/A
5/31/201612-2-1-1N/A
2/29/201613-1N/A-1N/A
11/30/201513-1N/A0N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SMIT's forecast earnings growth is above the savings rate (3.7%).

Earnings vs Market: Insufficient data to determine if SMIT's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if SMIT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if SMIT's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if SMIT's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SMIT's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 05:57
End of Day Share Price 2026/08/25 00:00
Earnings2022/05/31
Annual Earnings2022/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Schmitt Industries, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.