$SMID
SMITH MIDLAND CORP Stock $smid

$smid Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000092471917000012 Filed on August 10, 2017

Income Statement

Concept	2017 Q2	2016 Q2	2016 Q1
Revenue	$10.73M	$9.640M	$8.055M
YoY Change	11.29%	39.76%	91.78%
Cost Of Revenue	$7.851M	$7.571M	$6.777M
YoY Change	3.7%	44.76%	84.66%
Gross Profit	$2.877M	$2.069M	$1.278M
YoY Change	39.06%	24.07%	141.13%
Gross Profit Margin	26.82%	21.46%	15.87%
Selling, General & Admin	$1.784M	$1.435M	$1.425M
YoY Change	24.29%	13.81%	3.33%
% of Gross Profit	62.01%	69.37%	111.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$230.0K	$190.0K	$189.1K
YoY Change	21.05%	18.75%	11.79%
% of Gross Profit	7.99%	9.18%	14.8%
Operating Expenses	$1.784M	$1.435M	$1.425M
YoY Change	24.29%	13.81%	3.33%
Operating Profit	$1.093M	$633.6K	-$146.6K
YoY Change	72.5%	52.03%	-82.4%
Interest Expense	$45.00K	$35.58K	$28.15K
YoY Change	26.48%	49.89%	4.28%
% of Operating Profit	4.12%	5.62%
Other Income/Expense, Net	-$19.00K	$4.310K	-$6.153K
YoY Change	-540.84%	-118.8%	-76.78%
Pretax Income	$1.074M	$637.9K	-$152.8K
YoY Change	68.36%	61.97%	-82.22%
Income Tax	$363.0K	$219.0K	-$63.00K
% Of Pretax Income	33.8%	34.33%
Net Earnings	$711.0K	$418.9K	$418.9K
YoY Change	69.72%	71.09%	-179.89%
Net Earnings / Revenue	6.63%	4.35%	5.2%
Basic Earnings Per Share		$0.09
Diluted Earnings Per Share	$0.14	$0.08	-$0.02
COMMON SHARES
Basic Shares Outstanding	5.045M shares	4.920M shares	4.920M shares
Diluted Shares Outstanding	5.095M shares	4.967M shares	4.920M shares

Balance Sheet

Concept	2017 Q2	2016 Q2	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.680M	$1.860M	$1.480M
YoY Change	97.85%	-36.95%	-55.02%
Cash & Equivalents	$2.599M	$779.5K	$423.0K
Short-Term Investments	$1.080M	$1.080M	$1.060M
Other Short-Term Assets	$580.0K	$940.0K	$1.050M
YoY Change	-38.3%	18.99%	56.72%
Inventory	$3.440M	$2.700M	$2.610M
Prepaid Expenses
Receivables	$9.252M	$7.978M	$7.289M
Other Receivables	$80.00K	$550.0K	$520.0K
Total Short-Term Assets	$17.28M	$14.67M	$13.70M
YoY Change	17.81%	13.95%	17.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.720M	$5.954M	$5.859M
YoY Change	63.26%	38.99%	41.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$154.3K	$193.0K	$202.9K
YoY Change	-20.01%	-26.08%	-33.92%
Total Long-Term Assets	$9.874M	$6.146M	$6.062M
YoY Change	60.65%	35.26%	36.58%
TOTAL ASSETS
Total Short-Term Assets	$17.28M	$14.67M	$13.70M
Total Long-Term Assets	$9.874M	$6.146M	$6.062M
Total Assets	$27.15M	$20.81M	$19.76M
YoY Change	30.46%	19.51%	22.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.480M	$2.498M	$1.870M
YoY Change	-0.7%	36.24%	50.88%
Accrued Expenses	$693.2K	$1.010M	$1.358M
YoY Change	-31.38%	37.85%	103.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$630.0K	$750.0K	$490.0K
YoY Change	-16.0%	108.33%	36.11%
Total Short-Term Liabilities	$7.006M	$5.701M	$5.108M
YoY Change	22.89%	25.86%	52.15%
LONG-TERM LIABILITIES
Long-Term Debt	$3.200M	$2.280M	$2.390M
YoY Change	40.35%	11.22%	11.68%
Other Long-Term Liabilities	$0.00
YoY Change
Total Long-Term Liabilities	$3.200M	$2.280M	$2.390M
YoY Change	40.35%	11.22%	11.68%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.006M	$5.701M	$5.108M
Total Long-Term Liabilities	$3.200M	$2.280M	$2.390M
Total Liabilities	$11.00M	$9.074M	$8.455M
YoY Change	21.19%	25.7%	37.35%
SHAREHOLDERS EQUITY
Retained Earnings	$10.70M	$6.672M	$6.253M
YoY Change	60.34%	27.98%	25.86%
Common Stock	$50.81K	$49.20K	$49.20K
YoY Change	3.28%	0.53%	0.53%
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	$16.16M	$11.74M	$11.30M
YoY Change
Total Liabilities & Shareholders Equity	$27.15M	$20.81M	$19.76M
YoY Change	30.46%	19.51%	22.55%

Cashflow Statement

Concept	2017 Q2	2016 Q2	2016 Q1
OPERATING ACTIVITIES
Net Income	$711.0K	$418.9K	$418.9K
YoY Change	69.72%	71.09%	-179.89%
Depreciation, Depletion And Amortization	$230.0K	$190.0K	$189.1K
YoY Change	21.05%	18.75%	11.79%
Cash From Operating Activities	-$240.0K	$500.0K	-$714.7K
YoY Change	-148.0%	525.0%	-30.95%
INVESTING ACTIVITIES
Capital Expenditures	-$1.490M	-$290.0K	$967.4K
YoY Change	413.79%	-9.38%	399.34%
Acquisitions
YoY Change
Other Investing Activities	-$10.00K	-$10.00K	$0.00
YoY Change	0.0%
Cash From Investing Activities	-$1.490M	-$300.0K	-$970.4K
YoY Change	396.67%	-3.23%	391.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-100.0K	150.0K	$372.5K
YoY Change	-166.67%	-266.67%	-628.28%
NET CHANGE
Cash From Operating Activities	-240.0K	500.0K	-$714.7K
Cash From Investing Activities	-1.490M	-300.0K	-$970.4K
Cash From Financing Activities	-100.0K	150.0K	$372.5K
Net Change In Cash	-1.830M	350.0K	-$1.313M
YoY Change	-622.86%	-209.38%	0.74%
FREE CASH FLOW
Cash From Operating Activities	-$240.0K	$500.0K	-$714.7K
Capital Expenditures	-$1.490M	-$290.0K	$967.4K
Free Cash Flow	$1.250M	$790.0K	-$1.682M
YoY Change	58.23%	97.5%	36.89%

Facts In Submission

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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000924719
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	4996228	shares
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	SMITH MIDLAND CORP
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CY2016Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	19327	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	24790	USD
CY2017Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	6457	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	7338	USD
CY2015Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	8000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	10000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	3000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	4000	USD
CY2016Q2	us-gaap	Other Income OtherIncome	10566	USD
	us-gaap	Other Income OtherIncome	17459	USD
CY2017Q2	us-gaap	Other Income OtherIncome	12800	USD
	us-gaap	Other Income OtherIncome	23651	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	4310	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-1842	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-18843	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-32081	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	0	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	49414	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	23712	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	20630	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1260659	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2159492	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	370597	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	584906	USD
CY2016Q4	us-gaap	Prepaid Taxes PrepaidTaxes	251115	USD
CY2017Q2	us-gaap	Prepaid Taxes PrepaidTaxes	82710	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	715131	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	183784	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	14043	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	21870	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	116778	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8007518	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9719759	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	195576	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	286775	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9128170	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	10697023	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	9640019	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	17695103	USD
CY2017Q2	us-gaap	Sales Revenue Net SalesRevenueNet	10728053	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	20225295	USD
CY2016Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	537696	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1128502	USD
CY2017Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	651046	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1260850	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	0	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	220314	USD
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	10333	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	1000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	2.15
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	0	shares
	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
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	10333	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.79
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.21
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	1.21
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	2.05
CY2017Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	66000	USD
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	56800	shares
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	14243119	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	16155983	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2017Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2017Q2	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2016Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	47511	shares
CY2017Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	49784	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4967059	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4970769	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5094536	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5065611	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4919548	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4919548	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4919548	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5044752	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5026929	shares
	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
0000924719-17-000012-index-headers.html	Edgar Link	pending
0000924719-17-000012-index.html	Edgar Link	pending
0000924719-17-000012.txt	Edgar Link	pending
0000924719-17-000012-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-20170630.xml	Edgar Link	completed
smid-20170630.xsd	Edgar Link	pending
smid-20170630_cal.xml	Edgar Link	unprocessable
smid-20170630_def.xml	Edgar Link	unprocessable
smid-20170630_lab.xml	Edgar Link	unprocessable
smid-20170630_pre.xml	Edgar Link	unprocessable
smid-2017630x10xq.htm	Edgar Link	pending
smid-2017630xex311.htm	Edgar Link	pending
smid-2017630xex312.htm	Edgar Link	pending
smid-2017630xex321.htm	Edgar Link	pending

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$SMID
SMITH MIDLAND CORP Stock $smid

2017 Q2 Form 10-Q Financial Statement

#000092471917000012 Filed on August 10, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID SMITH MIDLAND CORP Stock $smid

2017 Q2 Form 10-Q Financial Statement

#000092471917000012 Filed on August 10, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID
SMITH MIDLAND CORP Stock $smid