Schmitt Industries
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Schmitt Industries's past years’ income statements indicate that its last revenue has increased compared to the previous period by 26% to $9,893,210. The net income raised on -$3,708,884 and profit margin reached -37%. Total operating expenses were $15,684,457.
Profit Margin
| 2013 | 12.45M | -539.88K | -4.34% |
|---|---|---|---|
| 2014 | 12.13M | -539.62K | -4.45% |
| 2015 | 13.06M | -93.66K | -0.72% |
| 2016 | 11.68M | -1.51M | -12.97% |
| 2017 | 12.39M | -1.07M | -8.66% |
| 2018 | 13.88M | 210.63K | 1.52% |
| 2019 | 13.81M | -1.10M | -8.02% |
| 2020 | 4.18M | -1.84M | -43.97% |
| 2021 | 7.86M | -8.08M | -102.87% |
| 2022 | 9.89M | -3.70M | -37.49% |
SMIT Income Statement (2013 – 2022)
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 9.89M | 7.86M | 4.18M | 13.81M | 13.88M | 12.39M | 11.68M | 13.06M | 12.13M | 12.45M |
Cost of revenue | 4.82M | 4.59M | 2.23M | 8.82M | 7.82M | 7.51M | 6.81M | 6.92M | 6.50M | 6.35M |
Gross profit | 5.06M | 3.27M | 1.95M | 4.98M | 6.06M | 4.88M | 4.86M | 6.14M | 5.62M | 6.09M |
Operating exp. | ||||||||||
Research and development | 40.45K | 83.13K | 68.84K | 129.04K | 327.31K | 256.16K | 287.67K | 378.30K | 475.43K | 573.46K |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 15.68M | 12.12M | 4.13M | 5.99M | 5.90M | 5.87M | 6.30M | 6.20M | 6.13M | 6.65M |
Operating income | -10.61M | -8.85M | -2.17M | -1.00M | 155.37K | -988.68K | -1.43M | -64.45K | -512.40K | -562.27K |
Other income (expenses), net | 6.92M | 364.20K | 322.98K | -77.05K | 81.18K | -56.67K | -58.71K | -19.12K | -17.88K | 14.10K |
Income before tax | -3.68M | -8.49M | -1.85M | -1.08M | 236.55K | -1.04M | -1.49M | -83.58K | -530.29K | -548.16K |
Income tax expense | 19.19K | -403.66K | -14.63K | 26.43K | 25.91K | 28.00K | 20.00K | 10.08K | 9.33K | -8.28K |
Net income | -3.70M | -8.08M | -1.84M | -1.10M | 210.63K | -1.07M | -1.51M | -93.66K | -539.62K | -539.88K |
Earnings per share | ||||||||||
Basic EPS | -0.97 | -2.15 | -0.47 | -0.28 | 0.06 | -0.36 | -0.51 | -0.03 | -0.18 | -0.18 |
Diluted EPS | -0.97 | -2.15 | -0.47 | -0.27 | 0.06 | -0.36 | -0.51 | -0.03 | -0.18 | -0.18 |
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