Schmitt Industries Inc Revenue Growth Rates (SMIT), Current and Historic Growth - CSIMarket
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• Revenue Y/Y
• Op. Income Y/Y
• Cop. Income Y/Y
• Net Income Y/Y
• Eps Cop. Y/Y
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• Free Cash Flow Y/Y
• Cash Flow Y/Y
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Schmitt Industries Inc   (NASDAQ: SMIT)
    Sector • Technology    Industry • IT Infrastructure
   Industry • IT Infrastructure
   Sector • Technology
 

SMIT's Revenue Growth by Quarter and Year

Schmitt Industries Inc 's Revenue results by quarter and year



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SMIT Revenue (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
4th Quarter May 1.32
3rd Quarter February 1.85
2nd Quarter November 2.96
1st Quarter August 3.76
FY 9.89

SMITs Annual Revenue
Schmitt Industries Inc 's Revenue in the fiscal year 2022 $ 9.89 millions
Schmitt Industries Inc 's Revenue in the fiscal year 2021 $ 7.86 millions
Schmitt Industries Inc 's Revenue in the fiscal year 2020 $ 4.19 millions
Schmitt Industries Inc 's Revenue in the fiscal year 2019 $ 13.81 millions
Schmitt Industries Inc 's Revenue in the fiscal year 2018 $ 13.89 millions




SMIT Revenue fourth quarter 2021 Y/Y Growth Comment
Schmitt Industries Inc reported drop in Revenue in the fourth quarter 2021 by -50.26% to $ 1.32 millions, from the same quarter in 2020.
The fall in the fourth quarter 2021 Schmitt Industries Inc 's Revenue compares unfavorably to the Company's average Revenue growth of 4.14%.

Looking into fourth quarter 2021 results within IT Infrastructure industry 58 other companies have achieved higher Revenue growth. While Schmitt Industries Inc ' s Revenue meltdown of -50.26% ranks overall at the positon no. 3592 in the fourth quarter 2021.


SMIT Revenue ( Y/Y Growth %) 2021
 2020 2019 2018
4th Quarter May -50.26 % 174.23 % -74.34 % -0.26 %
3rd Quarter February 10.78 % 53.21 % -64.61 % -4.94 %
2nd Quarter November 45.81 % 97.09 % -70.57 % -7.16 %
1st Quarter August 149.01 % -54.79 % -2.91 % 11.69 %
FY   25.71 % 22.4 % -53.41 % -

Financial Statements
Schmitt Industries Inc 's fourth quarter 2021 Revenue $ 1.32 millions SMIT's Income Statement
Schmitt Industries Inc 's fourth quarter 2020 Revenue $ 2.66 millions Quarterly SMIT's Income Statement


SMIT Revenue (Quarter on Quarter Growth %)

 2021
 2020 2019 2018
4th Quarter May -28.48 % 59.28 % -11.01 % 22.73 %
3rd Quarter February -37.5 % -17.73 % 5.83 % -12 %
2nd Quarter November -21.28 % 34.44 % -69.16 % 1.74 %
1st Quarter August 41.35 % 55.67 % -11.64 % -9.23 %
FY (Year on Year)   25.71 % 22.4 % -53.41 % -


Back to SMIT Growth rate Comparisons >> Back to SMIT Growth rate Comparisons >>


Revenue fourth quarter 2021 Y/Y Growth Company Ranking
Within: No.
IT Infrastructure Industry #59
Technology Sector #530
Overall #3592

Revenue Y/Y Growth Statistics
High Average Low
149.37 % 4.14 % -70.51 %
(Aug 31 2021)   (Nov 30 2019)
Revenue fourth quarter 2021 Y/Y Growth Company Ranking
Within: No.
IT Infrastructure Industry #59
Technology Sector #530
Overall #3592
Revenue Y/Y Growth Statistics
High Average Low
149.37 % 4.14 % -70.51 %
(Aug 31 2021)   (Nov 30 2019)

Revenue by Quarter for the Fiscal Years 2018, 2019, 2020, 2021

Schmitt Industries Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
59.35 % -3.14 % -100 %
(May 31 2021)  


SMIT's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2021 Schmitt Industries Inc disclosed fall in Revenue from the third quarter by -28.48% to $ 1.32 millions, from $ 1.85 millions achived in the previous reporting period.

Although periodic circumstance commonly energize IV. Quarter 2021 Revenue, this plainly could not be substantial to rescue Electronic Instruments & Controls's company achievement, Most analysts pointed out.

Within IT Infrastructure industry 56 other companies have achieved higher Revenue quarter on quarter growth. While Schmitt Industries Inc 's Revenue growth quarter on quarter, overall rank is 3883.


Revenue Q/Q Growth Company Ranking
Within: No.
IT Infrastructure Industry #57
Technology Sector #598
Overall #3883
Revenue Q/Q Growth Company Ranking
Within: No.
IT Infrastructure Industry #57
Technology Sector #598
Overall #3883
Revenue Q/Q Growth Statistics
High Average Low
59.35 % -3.14 % -100 %
(May 31 2021)  


SMIT's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2021 Schmitt Industries Inc disclosed fall in Revenue from the third quarter by -28.48% to $ 1.32 millions, from $ 1.85 millions achived in the previous reporting period.

Although periodic circumstance commonly energize IV. Quarter 2021 Revenue, this plainly could not be substantial to rescue Electronic Instruments & Controls's company achievement, Most analysts pointed out.

Within IT Infrastructure industry 56 other companies have achieved higher Revenue quarter on quarter growth. While Schmitt Industries Inc 's Revenue growth quarter on quarter, overall rank is 3883.


Schmitt Industries Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(May 31 2022)		 12 Months Ending
(Feb 28 2022)		 12 Months Ending
(Nov 30 2021)		 12 Months Ending
(Aug 31 2021)		 12 Months Ending
(May 31 2021)
Cumulative Revenue 12 Months Ending $ 9.89 $ 11.23 $ 11.05 $ 10.12 $ 7.86
Y / Y Revenue Growth (TTM) 25.8 % 81.91 % 97.32 % 119.79 % 22.17 %
Year on Year Revenue Growth Overall Ranking # 340 # 5 # 1 # 5 # 298
Seqeuential Revenue Change (TTM) -11.89 % 1.63 % 9.22 % 28.63 % 27.4 %
Seq. Revenue Growth (TTM) Overall Ranking # 308 # 66 # 717 # 8 # 59


Cumulative Revenue growth Comment
Assuming the Schmitt Industries Inc 's fiscal year would have ended in May 31 2022, Schmitt Industries Inc would have reprted above average annual Revenue rise of 25.8% year on year, of $ 10 millions.
This marks a slow-down of the companys growth trends and from the 81.91% increase in Feb 28 2022. But looking into other companies within IT Infrastructure industry, just one company had higher Revenue growth.

In the Technology sector 39 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 5 to 340.

Revenue TTM Y/Y Growth Company Ranking
Within: No.
IT Infrastructure Industry # 2
Technology Sector # 40
Overall # 340

Revenue TTM Y/Y Growth Statistics
High Average Low
329.46 %
 17.8 %
-82.82 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 36
S&P 500 # 308
Cumulative Revenue growth Comment
Assuming the Schmitt Industries Inc 's fiscal year would have ended in May 31 2022, Schmitt Industries Inc would have reprted above average annual Revenue rise of 25.8% year on year, of $ 10 millions.
This marks a slow-down of the companys growth trends and from the 81.91% increase in Feb 28 2022. But looking into other companies within IT Infrastructure industry, just one company had higherRevenue growth.

In the Technology sector 39 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 5 to 340.


Revenue TTM Y/Y Growth Company Ranking
Within: No.
IT Infrastructure Industry # 2
Technology Sector # 40
Overall # 340

Revenue TTM Y/Y Growth Statistics
High Average Low
329.46 %
17.8 %
-82.82 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 36
S&P 500 # 308




Other Revenue Growth
IT Infrastructure Industry Revenue Growth Trends and Statistics
Technology Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
SMIT's Revenue Growth Ratio versus IT Infrastructure Industry, Technology Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth




Companies with similar Revenue increase for the quarter ending May 31 2022 within Technology SectorY/Y Change %Revenue for the quarter ending May 31 2022
Blackberry Limited-3.45%$ -3.448 millions
Micropac Industries Inc -5.85%$ -5.855 millions
Destiny Media Technologies Inc -7.81%$ -7.814 millions
Fingermotion Inc -19.03%$ -19.034 millions
Artificial Intelligence Technology Solutions Inc -31.26%$ -31.263 millions
Schmitt Industries Inc -50.23%$ -50.233 millions


About Schmitt Industries Inc Revenue Growth Rates (SMIT), Current and Historic Growth - CSIMarket Analysis

How we calculate this

This page is based on issuer-reported fundamentals and CSIMarket’s U.S. equities database (20+ years). Growth is computed using year-over-year (Y/Y), sequential, and trailing-twelve-month (TTM) methods.

What’s included here

Company: Schmitt Industries Inc (CIK 922612).

Source & verification

Last updated

  • Page updated:
  • Data lineage: SEC filings → XBRL parse → normalization CSIMarket.com Database → growth calculations.
  • Accession: 0001193805-22-001403
  • Figures are derived from filed reports and may be restated; numbers are subject to revision.

Sources: Schmitt Industries Inc’s SEC filings (XBRL/Inline XBRL) and CSIMarket.com’s normalization & QA processes.



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