$SMID
SMITH MIDLAND CORP Stock $smid

$smid Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000092471917000021 Filed on November 14, 2017

Income Statement

Concept	2017 Q4	2017 Q3
Revenue	$10.01M	$9.125M
YoY Change	0.5%	-3.92%
Cost Of Revenue	$7.980M	$8.303M
YoY Change	12.71%	34.33%
Gross Profit	$2.030M	$3.178M
YoY Change	-29.51%	-4.16%
Gross Profit Margin	20.28%	34.83%
Selling, General & Admin	$2.000M	$1.947M
YoY Change	18.34%	-0.66%
% of Gross Profit	98.52%	61.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$240.0K	$230.0K
YoY Change	-4.0%	21.05%
% of Gross Profit	11.82%	7.24%
Operating Expenses	$2.000M	$1.947M
YoY Change	14.94%	-0.66%
Operating Profit	$30.00K	$1.231M
YoY Change	-97.37%	-9.22%
Interest Expense	-$40.00K	$44.00K
YoY Change	0.0%	-4.35%
% of Operating Profit	-133.33%	3.57%
Other Income/Expense, Net	$90.00K	-$9.000K
YoY Change	80.0%	-30.77%
Pretax Income	$100.0K	$1.222M
YoY Change	-91.45%	-9.01%
Income Tax	$400.0K	$474.0K
% Of Pretax Income	400.0%	38.79%
Net Earnings	$370.0K	$748.0K
YoY Change	-54.32%	-12.72%
Net Earnings / Revenue	3.7%	8.2%
Basic Earnings Per Share
Diluted Earnings Per Share	$73.12K	$0.15
COMMON SHARES
Basic Shares Outstanding	5.013M shares	5.054M shares
Diluted Shares Outstanding		5.099M shares

Balance Sheet

Concept	2017 Q4	2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.490M	$3.540M
YoY Change	-1.75%	74.38%
Cash & Equivalents	$3.390M	$2.455M
Short-Term Investments	$1.100M	$1.080M
Other Short-Term Assets	$450.0K	$520.0K
YoY Change	21.62%	-50.94%
Inventory	$3.520M	$3.000M
Prepaid Expenses
Receivables	$8.967M	$10.77M
Other Receivables	$1.360M	$160.0K
Total Short-Term Assets	$19.03M	$18.17M
YoY Change	24.95%	14.35%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.867M	$9.903M
YoY Change	23.23%	27.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$326.0K	$144.5K
YoY Change	88.44%	-21.02%
Total Long-Term Assets	$10.19M	$10.05M
YoY Change	24.61%	25.97%
TOTAL ASSETS
Total Short-Term Assets	$19.03M	$18.17M
Total Long-Term Assets	$10.19M	$10.05M
Total Assets	$29.23M	$28.22M
YoY Change	24.83%	18.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.059M	$2.552M
YoY Change	46.29%	26.94%
Accrued Expenses	$588.0K	$472.2K
YoY Change	100.0%	-66.57%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$640.0K	$640.0K
YoY Change	8.47%	0.0%
Total Short-Term Liabilities	$7.834M	$7.505M
YoY Change	54.85%	21.42%
LONG-TERM LIABILITIES
Long-Term Debt	$2.900M	$3.040M
YoY Change	-13.43%	-1.94%
Other Long-Term Liabilities	$0.00	$0.00
YoY Change
Total Long-Term Liabilities	$2.900M	$3.040M
YoY Change	-13.43%	-1.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.834M	$7.505M
Total Long-Term Liabilities	$2.900M	$3.040M
Total Liabilities	$12.02M	$11.25M
YoY Change	31.09%	8.13%
SHAREHOLDERS EQUITY
Retained Earnings	$11.56M	$11.45M
YoY Change	26.6%	36.86%
Common Stock	$51.00K	$50.95K
YoY Change	2.0%	2.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$102.0K	$102.3K
YoY Change	0.0%	0.0%
Treasury Stock Shares	40.92K shares	40.92K shares
Shareholders Equity	$17.21M	$16.97M
YoY Change
Total Liabilities & Shareholders Equity	$29.23M	$28.22M
YoY Change	24.83%	18.23%

Cashflow Statement

Concept	2017 Q4	2017 Q3
OPERATING ACTIVITIES
Net Income	$370.0K	$748.0K
YoY Change	-54.32%	-12.72%
Depreciation, Depletion And Amortization	$240.0K	$230.0K
YoY Change	-4.0%	21.05%
Cash From Operating Activities	$1.250M	$410.0K
YoY Change	-59.81%	-62.73%
INVESTING ACTIVITIES
Capital Expenditures	-$170.0K	-$410.0K
YoY Change	-63.04%	-79.8%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$10.00K
YoY Change	-100.0%
Cash From Investing Activities	-$170.0K	-$400.0K
YoY Change	-58.54%	-80.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-150.0K	-140.0K
YoY Change	15.38%	-112.61%
NET CHANGE
Cash From Operating Activities	1.250M	410.0K
Cash From Investing Activities	-170.0K	-400.0K
Cash From Financing Activities	-150.0K	-140.0K
Net Change In Cash	930.0K	-130.0K
YoY Change	-63.81%	-172.22%
FREE CASH FLOW
Cash From Operating Activities	$1.250M	$410.0K
Capital Expenditures	-$170.0K	-$410.0K
Free Cash Flow	$1.420M	$820.0K
YoY Change	-60.22%	-73.8%

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	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000924719
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	5013228	shares
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	SMITH MIDLAND CORP
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CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-8084	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-40166	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	31990	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	28594	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3289669	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2568788	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	370597	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	521379	USD
CY2016Q4	us-gaap	Prepaid Taxes PrepaidTaxes	251115	USD
CY2017Q3	us-gaap	Prepaid Taxes PrepaidTaxes	154720	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1450000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1887322	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	183784	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	20296	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	37369	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	48400	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	116778	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8007518	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9903333	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	310357	USD
	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	434876	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1450000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	9128170	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11445277	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	12396001	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	30091104	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	11480804	USD
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	56800	shares
CY2016Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	501269	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1629771	USD
CY2017Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	564453	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1825303	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	0	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	289596	USD
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	10333	shares
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	14243119	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	16972547	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2017Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
	us-gaap	Sales Revenue Net SalesRevenueNet	31706099	USD
	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
CY2017Q3	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
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.21
CY2017Q3	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
CY2017Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	70000	USD
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2017Q3	us-gaap	Treasury Stock Value TreasuryStockValue	102300	USD
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	40599	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	34107	shares
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	45239	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	39097	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4964965	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4958473	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5099387	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5075199	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4924366	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4924366	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5054148	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5036102	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
0000924719-17-000021-index-headers.html	Edgar Link	pending
0000924719-17-000021-index.html	Edgar Link	pending
0000924719-17-000021.txt	Edgar Link	pending
0000924719-17-000021-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-20170930.xml	Edgar Link	completed
smid-20170930.xsd	Edgar Link	pending
smid-20170930_cal.xml	Edgar Link	unprocessable
smid-20170930_def.xml	Edgar Link	unprocessable
smid-20170930_lab.xml	Edgar Link	unprocessable
smid-20170930_pre.xml	Edgar Link	unprocessable
smid-2017930x10xq.htm	Edgar Link	pending
smid-2017930xex311.htm	Edgar Link	pending
smid-2017930xex312.htm	Edgar Link	pending
smid-2017930xex321.htm	Edgar Link	pending

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$SMID
SMITH MIDLAND CORP Stock $smid

2017 Q4 Form 10-Q Financial Statement

#000092471917000021 Filed on November 14, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID SMITH MIDLAND CORP Stock $smid

2017 Q4 Form 10-Q Financial Statement

#000092471917000021 Filed on November 14, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID
SMITH MIDLAND CORP Stock $smid