Schmitt Industries (Schmitt Industries) Pre-Tax Income

: $-3.69 Mil (TTM As of May. 2022)

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Pretax income is the income that a company earns before paying income taxes. Schmitt Industries's pretax income for the three months ended in May. 2022 was $-3.52 Mil. Its pretax income for the trailing twelve months (TTM) ended in May. 2022 was $-3.69 Mil. Schmitt Industries's pretax margin was -265.84%.

Schmitt Industries Pre-Tax Income Historical Data

The historical data trend for Schmitt Industries's Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Pre-Tax Income

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0.24

-1.46

-1.86

-9.04

-3.69

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Pre-Tax Income	Get a 7-Day Free Trial															-4.00	-1.61	2.48	-1.05	-3.52

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Schmitt Industries's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Schmitt Industries Pre-Tax Income Distribution

For the Hardware industry and Technology sector, Schmitt Industries's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Schmitt Industries's Pre-Tax Income falls into.

Schmitt Industries Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Schmitt Industries's Pretax Income for the fiscal year that ended in May. 2022 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-10.616	+	6.973	+	-0.047	+	0	+	4.4408920985006E-16
	=	-3.69

Schmitt Industries's Pretax Income for the quarter that ended in May. 2022 is calculated as

Pretax Income	=	Operating Income	+	Non Operating Income	+	Interest Expense	+	Interest Income	+	Other
	=	-3.428	+	-0.081	+	-0.009	+	0	+	0.00099999999999989
	=	-3.52

Pre-Tax Income for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.69 Mil.

Schmitt Industries (OTCPK:SMIT) Pre-Tax Income Explanation

Schmitt Industries's Pretax Margin for the quarter that ended in May. 2022 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	-3.517	/	1.323
	=	-265.84%

Schmitt Industries Pre-Tax Income Related Terms

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Schmitt Industries (Schmitt Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (OTCPK:SMIT) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

2765 North West Nicolai Street, Portland, OR, USA, 97210

Website

https://www.schmittindustries.com

Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. Xact product line includes satellite-focused remote tank monitoring products and related monitoring services for markets in the IoT environment. The Company also manufactures, wholesales, and retails ice cream and related products.

Executives

Dustin Henderson	other: Shareholder	11125 N PARK BLVD, STE 106, SEMINOLE FL 33772
Kristi Michelle Smaha	director	C/O SCHMITT INDUSTRIES, INC., 2765 N.W. NICOLAI STREET, PORTLAND OR 97210-1818
Alexandre Zyngier	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Philip Bosco	officer: Chief Financial Officer	2765 NW NICOLAI STREET, PORTLAND OR 97210
Lillian Tung	director	45 WEST 67TH STREET, 10D, NEW YORK NY 10023
Michael R. Zapata	officer: Chief Executive Officer	2765 NW NICOLAI STREET, PORTLAND OR 97210
Andrews P Hines	director
Steven Strom	director	2765 NW NICOLAI STREET, PORTLAND OR 97210
Charles Davidson	director	C/O SCHMITT INDUSTRIES, INC., 2765 N.W. NICOLAI STREET, PORTLAND OR 97210
Jamie Michael Schmidt	officer: Chief Financial Officer	2765 NW NICOLAI STREET, PORTLAND OR 97210
Walter Brown Pistor	10 percent owner	2415 KALAMA RIVER ROAD, KALAMA WA 98625
Regina Walker	officer: Chief Financial Officer	2765 NW NICOLAI STREET, PORTLAND OR 97210
Michael Ellsworth	director	SCHMITT INDUSTRIES, INC., 2765 NW NICOLAI, PORTLAND OR 97210
David Hudson	director	SCHMITT INDUSTRIES, INC., 2765 NW NICOLAI, PORTLAND OR 97210
Maynard E Brown	director	1595 - 19TH STREET, WEST VANCOUVER A1 V7V 3X5