$SMID
SMITH MIDLAND CORP Stock $smid

$smid Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000092471917000005 Filed on May 12, 2017

Income Statement

Concept	2017 Q1	2016 Q1	2015 Q4
Revenue	$9.497M	$8.055M	$7.700M
YoY Change	17.9%	91.78%	73.81%
Cost Of Revenue	$6.181M	$6.777M	$5.910M
YoY Change	-8.8%	84.66%	39.39%
Gross Profit	$3.316M	$1.278M	$1.790M
YoY Change	159.49%	141.13%	842.11%
Gross Profit Margin	34.92%	15.87%	23.25%
Selling, General & Admin	$1.960M	$1.425M	$1.530M
YoY Change	37.57%	3.33%	25.41%
% of Gross Profit	59.1%	111.47%	85.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$225.0K	$189.1K	$170.0K
YoY Change	18.97%	11.79%	0.0%
% of Gross Profit	6.78%	14.8%	9.5%
Operating Expenses	$1.960M	$1.425M	$1.480M
YoY Change	37.57%	3.33%	35.78%
Operating Profit	$1.356M	-$146.6K	$310.0K
YoY Change	-1025.11%	-82.4%	-134.44%
Interest Expense	$46.43K	$28.15K	-$10.00K
YoY Change	64.93%	4.28%	-83.33%
% of Operating Profit	3.42%		-3.23%
Other Income/Expense, Net	-$13.24K	-$6.153K
YoY Change	115.15%	-76.78%
Pretax Income	$1.343M	-$152.8K	$300.0K
YoY Change	-979.19%	-82.22%	-130.0%
Income Tax	$486.0K	-$63.00K	$130.0K
% Of Pretax Income	36.18%		43.33%
Net Earnings	$857.0K	$418.9K	$170.0K
YoY Change	104.57%	-179.89%	-127.42%
Net Earnings / Revenue	9.02%	5.2%	2.21%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.17	-$0.02	$32.63K
COMMON SHARES
Basic Shares Outstanding	5.009M shares	4.920M shares	4.853M shares
Diluted Shares Outstanding	5.052M shares	4.920M shares

Balance Sheet

Concept	2017 Q1	2016 Q1	2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.480M	$1.480M	$2.780M
YoY Change	270.27%	-55.02%	-39.43%
Cash & Equivalents	$4.424M	$423.0K	$3.523M
Short-Term Investments	$1.060M	$1.060M	$1.040M
Other Short-Term Assets	$470.0K	$1.050M	$860.0K
YoY Change	-55.24%	56.72%	50.88%
Inventory	$3.800M	$2.610M	$2.490M
Prepaid Expenses
Receivables	$5.794M	$7.289M	$6.795M
Other Receivables	$0.00	$520.0K	$390.0K
Total Short-Term Assets	$15.90M	$13.70M	$13.51M
YoY Change	16.12%	17.21%	13.17%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.460M	$5.859M	$5.074M
YoY Change	44.4%	41.82%	23.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$163.2K	$202.9K	$268.7K
YoY Change	-19.57%	-33.92%	5.22%
Total Long-Term Assets	$8.624M	$6.062M	$5.343M
YoY Change	42.26%	36.58%	22.48%
TOTAL ASSETS
Total Short-Term Assets	$15.90M	$13.70M	$13.51M
Total Long-Term Assets	$8.624M	$6.062M	$5.343M
Total Assets	$24.53M	$19.76M	$18.85M
YoY Change	24.14%	22.55%	15.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.738M	$1.870M	$1.744M
YoY Change	-7.04%	50.88%	51.32%
Accrued Expenses	$974.6K	$1.358M	$974.8K
YoY Change	-28.25%	103.67%	80.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$630.0K	$490.0K	$440.0K
YoY Change	28.57%	36.11%	22.22%
Total Short-Term Liabilities	$4.926M	$5.108M	$4.528M
YoY Change	-3.55%	52.15%	54.5%
LONG-TERM LIABILITIES
Long-Term Debt	$3.350M	$2.390M	$2.080M
YoY Change	40.17%	11.68%	-6.73%
Other Long-Term Liabilities	$0.00
YoY Change
Total Long-Term Liabilities	$3.350M	$2.390M	$2.080M
YoY Change	40.17%	11.68%	-6.73%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.926M	$5.108M	$4.528M
Total Long-Term Liabilities	$3.350M	$2.390M	$2.080M
Total Liabilities	$9.214M	$8.455M	$7.460M
YoY Change	8.98%	37.35%	28.08%
SHAREHOLDERS EQUITY
Retained Earnings	$9.985M	$6.253M	$6.342M
YoY Change	59.7%	25.86%	15.48%
Common Stock	$50.44K	$49.20K	$49.20K
YoY Change	2.52%	0.53%	0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$102.3K	$102.3K	$102.3K
YoY Change	0.0%	0.0%	0.0%
Treasury Stock Shares	40.92K shares	40.92K shares	40.92K shares
Shareholders Equity	$15.31M	$11.30M	$11.39M
YoY Change
Total Liabilities & Shareholders Equity	$24.53M	$19.76M	$18.85M
YoY Change	24.14%	22.55%	15.66%

Cashflow Statement

Concept	2017 Q1	2016 Q1	2015 Q4
OPERATING ACTIVITIES
Net Income	$857.0K	$418.9K	$170.0K
YoY Change	104.57%	-179.89%	-127.42%
Depreciation, Depletion And Amortization	$225.0K	$189.1K	$170.0K
YoY Change	18.97%	11.79%	0.0%
Cash From Operating Activities	$1.511M	-$714.7K	$1.580M
YoY Change	-311.41%	-30.95%	-626.67%
INVESTING ACTIVITIES
Capital Expenditures	$674.0K	$967.4K	-$780.0K
YoY Change	-30.33%	399.34%	1014.29%
Acquisitions
YoY Change
Other Investing Activities	$10.00K	$0.00	-$10.00K
YoY Change			-50.0%
Cash From Investing Activities	-$665.0K	-$970.4K	-$780.0K
YoY Change	-31.47%	391.65%	680.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$55.00K	$372.5K	-50.00K
YoY Change	-85.23%	-628.28%	-80.77%
NET CHANGE
Cash From Operating Activities	$1.511M	-$714.7K	1.580M
Cash From Investing Activities	-$665.0K	-$970.4K	-780.0K
Cash From Financing Activities	$55.00K	$372.5K	-50.00K
Net Change In Cash	$901.0K	-$1.313M	750.0K
YoY Change	-168.64%	0.74%	-213.64%
FREE CASH FLOW
Cash From Operating Activities	$1.511M	-$714.7K	$1.580M
Capital Expenditures	$674.0K	$967.4K	-$780.0K
Free Cash Flow	$837.0K	-$1.682M	$2.360M
YoY Change	-149.76%	36.89%	-1126.09%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000924719
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	4996228	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	SMITH MIDLAND CORP
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	smid	Products Sales And Leasing ProductsSalesAndLeasing	6233706	USD
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	smid	Products Sales And Leasing ProductsSalesAndLeasing	7470298	USD
CY2017Q1	smid	Products Sales And Leasing ProductsSalesAndLeasing	7470298	USD
CY2017Q1	smid	Revenue Recognition Licensing Contract Term RevenueRecognitionLicensingContractTerm	P5Y
	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	1492663	USD
CY2016Q1	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	1492663	USD
	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	1595518	USD
CY2017Q1	smid	Shipping And Installation Revenue ShippingAndInstallationRevenue	1595518	USD
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CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	163193	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	3332	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	1147	USD
CY2015Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	2000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	2000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	1000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	1000	USD
	us-gaap	Other Income OtherIncome	6893	USD
CY2016Q1	us-gaap	Other Income OtherIncome	6893	USD
	us-gaap	Other Income OtherIncome	10851	USD
CY2017Q1	us-gaap	Other Income OtherIncome	10851	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-6153	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-13238	USD
CY2016Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	0	USD
CY2017Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	49414	USD
CY2016Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	8842	USD
CY2017Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	8750	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	967378	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	674316	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	370597	USD
CY2017Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	469490	USD
CY2016Q4	us-gaap	Prepaid Taxes PrepaidTaxes	251115	USD
CY2017Q1	us-gaap	Prepaid Taxes PrepaidTaxes	0	USD
CY2016Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	465131	USD
CY2017Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	183784	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	5868	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	18065	USD
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	62248	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8007518	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8460394	USD
CY2016Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	92659	USD
CY2017Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	141317	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9128170	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9985371	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	8055084	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	9497242	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	590806	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	590806	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	609804	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	609804	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	0	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	151032	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	35333	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	0	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	0.00
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	0	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0.00
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	68133	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	35333	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.79
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.69
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	1.69
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	1.90
CY2017Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	170000	USD
CY2017Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	32800	shares
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	14243119	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	15314746	USD
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2017Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2017Q1	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2016Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	42940	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4919548	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4919548	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5051848	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5051848	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4919548	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4919548	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5008908	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5008908	shares
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0000924719-17-000005-index-headers.html	Edgar Link	pending
0000924719-17-000005-index.html	Edgar Link	pending
0000924719-17-000005.txt	Edgar Link	pending
0000924719-17-000005-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
smid-20170331.xml	Edgar Link	completed
smid-20170331.xsd	Edgar Link	pending
smid-20170331_cal.xml	Edgar Link	unprocessable
smid-20170331_def.xml	Edgar Link	unprocessable
smid-20170331_lab.xml	Edgar Link	unprocessable
smid-20170331_pre.xml	Edgar Link	unprocessable
smid-2017331x10xq.htm	Edgar Link	pending
smid-2017331xex311.htm	Edgar Link	pending
smid-2017331xex312.htm	Edgar Link	pending
smid-2017331xex321.htm	Edgar Link	pending

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$SMID
SMITH MIDLAND CORP Stock $smid

2017 Q1 Form 10-Q Financial Statement

#000092471917000005 Filed on May 12, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID SMITH MIDLAND CORP Stock $smid

2017 Q1 Form 10-Q Financial Statement

#000092471917000005 Filed on May 12, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID
SMITH MIDLAND CORP Stock $smid