Smith-Midland Corp
NASDAQ:SMID
Income Statement
Earnings Waterfall
Smith-Midland Corp
Revenue
|
57.7m
USD
|
Cost of Revenue
|
-47.6m
USD
|
Gross Profit
|
10.1m
USD
|
Operating Expenses
|
-9.6m
USD
|
Operating Income
|
500k
USD
|
Other Expenses
|
70k
USD
|
Net Income
|
570k
USD
|
Income Statement
Smith-Midland Corp
Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
25
N/A
|
28
+12%
|
26
-5%
|
27
+1%
|
26
-3%
|
22
-13%
|
21
-6%
|
22
+2%
|
26
+21%
|
29
+13%
|
33
+13%
|
36
+8%
|
38
+6%
|
40
+6%
|
42
+4%
|
43
+3%
|
42
-2%
|
42
+0%
|
41
-1%
|
40
-2%
|
39
-5%
|
40
+4%
|
41
+3%
|
42
+2%
|
46
+9%
|
47
+2%
|
46
-1%
|
46
-1%
|
45
-2%
|
44
-3%
|
49
+12%
|
51
+4%
|
52
+1%
|
51
-2%
|
46
-9%
|
47
+2%
|
46
-2%
|
50
+10%
|
53
+5%
|
54
+3%
|
58
+7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(19)
|
(21)
|
(21)
|
(21)
|
(20)
|
(19)
|
(17)
|
(18)
|
(20)
|
(22)
|
(25)
|
(28)
|
(29)
|
(30)
|
(29)
|
(29)
|
(29)
|
(30)
|
(32)
|
(31)
|
(29)
|
(30)
|
(30)
|
(32)
|
(36)
|
(37)
|
(37)
|
(36)
|
(34)
|
(33)
|
(34)
|
(35)
|
(36)
|
(36)
|
(36)
|
(37)
|
(37)
|
(41)
|
(43)
|
(45)
|
(48)
|
|
Gross Profit |
5
N/A
|
7
+27%
|
5
-17%
|
6
+7%
|
6
-4%
|
4
-31%
|
4
-5%
|
4
+7%
|
6
+41%
|
7
+29%
|
8
+11%
|
8
+5%
|
9
+12%
|
10
+12%
|
12
+20%
|
13
+7%
|
12
-7%
|
11
-7%
|
10
-15%
|
10
+1%
|
9
-7%
|
10
+14%
|
11
+8%
|
10
-7%
|
10
N/A
|
10
-5%
|
9
-6%
|
10
+2%
|
11
+13%
|
11
+2%
|
15
+37%
|
16
+6%
|
15
-4%
|
14
-7%
|
10
-28%
|
10
-1%
|
9
-11%
|
9
+4%
|
10
+5%
|
9
-14%
|
10
+18%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(5)
|
(6)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
|
Selling, General & Administrative |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
|
Other Operating Expenses |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(0)
N/A
|
1
N/A
|
0
-90%
|
1
+367%
|
0
-45%
|
(1)
N/A
|
(1)
-21%
|
(1)
+23%
|
0
N/A
|
2
+275%
|
2
+43%
|
3
+10%
|
4
+36%
|
4
+24%
|
6
+34%
|
6
+8%
|
5
-23%
|
4
-23%
|
2
-52%
|
2
-10%
|
1
-35%
|
2
+111%
|
3
+45%
|
3
-17%
|
3
+3%
|
3
-8%
|
2
-20%
|
2
+10%
|
4
+58%
|
4
+6%
|
8
+102%
|
8
+9%
|
8
-9%
|
6
-18%
|
5
-21%
|
5
-4%
|
1
-84%
|
1
+13%
|
1
+27%
|
(1)
N/A
|
1
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(0)
N/A
|
1
N/A
|
0
N/A
|
0
N/A
|
0
-58%
|
(1)
N/A
|
(2)
-23%
|
(1)
+20%
|
0
N/A
|
2
+452%
|
2
+44%
|
3
+11%
|
3
+35%
|
4
+25%
|
6
+35%
|
6
+7%
|
5
-23%
|
4
-22%
|
2
-51%
|
2
-8%
|
1
-32%
|
2
+97%
|
3
+44%
|
3
-17%
|
3
+3%
|
3
-10%
|
2
-20%
|
2
+10%
|
3
+57%
|
4
+9%
|
8
+102%
|
8
+10%
|
11
+25%
|
9
-14%
|
5
-44%
|
5
-2%
|
1
-82%
|
1
+7%
|
1
+26%
|
(1)
N/A
|
1
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
(0)
|
0
|
(0)
|
(0)
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
|
Income from Continuing Operations |
(0)
|
1
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
0
|
1
|
1
|
2
|
2
|
3
|
4
|
4
|
3
|
2
|
1
|
1
|
0
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
6
|
6
|
8
|
8
|
5
|
5
|
1
|
1
|
1
|
(1)
|
1
|
|
Net Income (Common) |
(0)
N/A
|
1
N/A
|
0
-93%
|
0
+500%
|
0
-53%
|
(1)
N/A
|
(1)
-25%
|
(1)
+21%
|
0
N/A
|
1
+316%
|
1
+41%
|
2
+12%
|
2
+33%
|
3
+30%
|
4
+33%
|
4
+8%
|
3
-23%
|
3
-14%
|
1
-47%
|
1
-1%
|
1
-17%
|
2
+46%
|
2
+45%
|
2
-16%
|
2
+3%
|
2
-8%
|
2
-19%
|
2
+10%
|
3
+56%
|
3
-1%
|
6
+109%
|
6
+10%
|
8
+35%
|
8
-8%
|
5
-39%
|
5
-2%
|
1
-82%
|
1
-2%
|
1
+25%
|
(1)
N/A
|
1
N/A
|
|
EPS (Diluted) |
-0.06
N/A
|
0.14
N/A
|
0.01
-93%
|
0.07
+600%
|
0.03
-57%
|
-0.16
N/A
|
-0.19
-19%
|
-0.15
+21%
|
0.06
N/A
|
0.21
+250%
|
0.29
+38%
|
0.32
+10%
|
0.43
+34%
|
0.56
+30%
|
0.74
+32%
|
0.8
+8%
|
0.61
-24%
|
0.53
-13%
|
0.27
-49%
|
0.27
N/A
|
0.22
-19%
|
0.33
+50%
|
0.49
+48%
|
0.41
-16%
|
0.42
+2%
|
0.38
-10%
|
0.3
-21%
|
0.33
+10%
|
0.52
+58%
|
0.51
-2%
|
1.08
+112%
|
1.18
+9%
|
1.59
+35%
|
1.45
-9%
|
0.88
-39%
|
0.86
-2%
|
0.15
-83%
|
0.15
N/A
|
0.19
+27%
|
-0.13
N/A
|
0.11
N/A
|