Schmitt Industries Inc (NASDAQ:SMIT) files its latest 10-K with SEC for the fiscal year ended on May 31, 2019. Schmitt Industries Inc designs, manufactures and sells computer-controlled vibration detection, balancing and process control systems for the machine tool industry, particularly for grinding machines. Schmitt Industries Inc has a market cap of $7.620 million; its shares were traded at around $1.89 with and P/S ratio of 0.57. GuruFocus has detected 3 severe warning signs with Schmitt Industries Inc. .
For the last quarter Schmitt Industries Inc reported a revenue of $3.78 million, compared with the revenue of $3.80 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $13.8 million, a decrease of 0.6% from the previous year. For the complete 30-year financial data, please go here.. For the last five years Schmitt Industries Inc had an average revenue growth rate of 2.6% a year.
The reported loss per diluted share was 28 cents for the year, compared with the earnings per share of $-0.36 in the previous year. The Schmitt Industries Inc had an operating margin of -7.27%, compared with the operating margin of 1.12% a year before. The 10-year historical median operating margin of Schmitt Industries Inc is -4.37%. The profitability rank of the company is 1 (out of 10).
At the end of the fiscal year, Schmitt Industries Inc has the cash and cash equivalents of $1.41 million, compared with $2.05 million in the previous year. The company had no long term debt. Schmitt Industries Inc has a financial strength rank of 9 (out of 10).
At the current stock price of $1.89, Schmitt Industries Inc is traded at 18.9% discount to its historical median P/S valuation band of $2.33. The P/S ratio of the stock is 0.57, while the historical median P/S ratio is 0.68. The stock lost 26.36% during the past 12 months.
For the complete 20-year historical financial data of SMIT, click here.
This article first appeared on GuruFocus.
- Warning! GuruFocus has detected 3 Warning Signs with SMIT. Click here to check it out.
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