Schmitt Industries

SMIT · OTC

$0.015−$0.0127 (−45.85%)TodayMarket closed · Oct 20, 2:46 PM ET

Prev close $0.0277

About SMIT

Schmitt Industries, Inc. is a holding company, which engages in design, manufacture, markets measurement and process control systems. The company is headquartered in Portland, Oregon and currently employs 157 full-time employees. The firm's operating businesses include propane tank monitoring solutions, precision measurement solutions and ice cream production and sales through the retail, wholesale, and e-commerce channels. The firm operates through two segments: Measurement Segment (SMS) and Ice Cream Segment. Its SMS family of products includes the Acuity and Xact product lines. Acuity products utilize both triangulation and time-of-flight measurement principles and are known for their speed and accuracy. Acuity products are used in a variety of industrial, commercial and research applications. Xact ultrasonic measurement technology monitors the fill levels of propane and other liquid tanks via satellite-connected devices. The firm's Ice Cream Segment consists of Ample Hills. Ample Hills primarily sells artisan ice cream directly to customers at its retail locations.

Employees: 157
Headquarters: Portland, Oregon
Listed: Oct 27, 1993
Sector: Information Technology
Industry: Electronic Equipment, Instruments & Components
Website: schmittindustries.com

Leadership

Schmitt Industries executives
Name	Title	Since	Age
Michael Zapata	—	2018	45
Charles Davidson	—	—	63
Kristi Frank	—	—	—
Alexandre Zyngier	—	—	54

Revenue by product and region

Fiscal year ended May 31, 2019: $13.81M total revenue

By product

Balancer [Member]$9.08M65.8%
Measurement [Member]$4.73M34.2%

By region

North America [Member]$8.22M59.5%
Asia [Member]$3.33M24.1%
Europe [Member]$2.09M15.2%
Other Market [Member]$171.16K1.2%

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