$SMID
SMITH MIDLAND CORP Stock $smid

$smid Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000092471918000011 Filed on May 10, 2018

Income Statement

Concept	2018 Q1	2017 Q3	2017 Q1
Revenue	$9.130M	$9.125M	$9.497M
YoY Change	-3.87%	-3.92%	17.9%
Cost Of Revenue	$7.530M	$8.303M	$6.181M
YoY Change	21.83%	34.33%	-8.8%
Gross Profit	$1.590M	$3.178M	$3.316M
YoY Change	-52.05%	-4.16%	159.49%
Gross Profit Margin	17.42%	34.83%	34.92%
Selling, General & Admin	$2.140M	$1.947M	$1.960M
YoY Change	9.19%	-0.66%	37.57%
% of Gross Profit	134.59%	61.26%	59.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$248.0K	$230.0K	$225.0K
YoY Change	10.22%	21.05%	18.97%
% of Gross Profit	15.6%	7.24%	6.78%
Operating Expenses	$2.150M	$1.947M	$1.960M
YoY Change	9.7%	-0.66%	37.57%
Operating Profit	-$560.0K	$1.231M	$1.356M
YoY Change	-141.28%	-9.22%	-1025.11%
Interest Expense	-$40.00K	$44.00K	$46.43K
YoY Change	-186.16%	-4.35%	64.93%
% of Operating Profit		3.57%	3.42%
Other Income/Expense, Net	$10.00K	-$9.000K	-$13.24K
YoY Change	-175.54%	-30.77%	115.15%
Pretax Income	-$560.0K	$1.222M	$1.343M
YoY Change	-141.69%	-9.01%	-979.19%
Income Tax	-$140.0K	$474.0K	$486.0K
% Of Pretax Income		38.79%	36.18%
Net Earnings	-$422.0K	$748.0K	$857.0K
YoY Change	-149.24%	-12.72%	104.57%
Net Earnings / Revenue	-4.62%	8.2%	9.02%
Basic Earnings Per Share
Diluted Earnings Per Share	-$82.19K	$0.15	$0.17
COMMON SHARES
Basic Shares Outstanding	5.074M shares	5.054M shares	5.009M shares
Diluted Shares Outstanding		5.099M shares	5.052M shares

Balance Sheet

Concept	2018 Q1	2017 Q3	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.090M	$3.540M	$5.480M
YoY Change	-61.86%	74.38%	270.27%
Cash & Equivalents	$1.006M	$2.455M	$4.424M
Short-Term Investments	$1.090M	$1.080M	$1.060M
Other Short-Term Assets	$530.0K	$520.0K	$470.0K
YoY Change	12.77%	-50.94%	-55.24%
Inventory	$3.000M	$3.000M	$3.800M
Prepaid Expenses
Receivables	$9.833M	$10.77M	$5.794M
Other Receivables	$1.330M	$160.0K	$0.00
Total Short-Term Assets	$17.33M	$18.17M	$15.90M
YoY Change	8.95%	14.35%	16.12%
LONG-TERM ASSETS
Property, Plant & Equipment	$10.48M	$9.903M	$8.460M
YoY Change	23.88%	27.07%	44.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$271.0K	$144.5K	$163.2K
YoY Change	66.06%	-21.02%	-19.57%
Total Long-Term Assets	$11.83M	$10.05M	$8.624M
YoY Change	37.16%	25.97%	42.26%
TOTAL ASSETS
Total Short-Term Assets	$17.33M	$18.17M	$15.90M
Total Long-Term Assets	$11.83M	$10.05M	$8.624M
Total Assets	$29.16M	$28.22M	$24.53M
YoY Change	18.87%	18.23%	24.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.731M	$2.552M	$1.738M
YoY Change	57.13%	26.94%	-7.04%
Accrued Expenses	$695.0K	$472.2K	$974.6K
YoY Change	-28.69%	-66.57%	-28.25%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$690.0K	$640.0K	$630.0K
YoY Change	9.52%	0.0%	28.57%
Total Short-Term Liabilities	$6.734M	$7.505M	$4.926M
YoY Change	36.7%	21.42%	-3.55%
LONG-TERM LIABILITIES
Long-Term Debt	$3.040M	$3.040M	$3.350M
YoY Change	-9.25%	-1.94%	40.17%
Other Long-Term Liabilities	$1.340M	$0.00	$0.00
YoY Change
Total Long-Term Liabilities	$4.380M	$3.040M	$3.350M
YoY Change	30.75%	-1.94%	40.17%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.734M	$7.505M	$4.926M
Total Long-Term Liabilities	$4.380M	$3.040M	$3.350M
Total Liabilities	$12.27M	$11.25M	$9.214M
YoY Change	33.12%	8.13%	8.98%
SHAREHOLDERS EQUITY
Retained Earnings	$11.13M	$11.45M	$9.985M
YoY Change	11.5%	36.86%	59.7%
Common Stock	$51.00K	$50.95K	$50.44K
YoY Change	1.12%	2.72%	2.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$102.0K	$102.3K	$102.3K
YoY Change	-0.29%	0.0%	0.0%
Treasury Stock Shares	40.92K shares	40.92K shares	40.92K shares
Shareholders Equity	$16.89M	$16.97M	$15.31M
YoY Change
Total Liabilities & Shareholders Equity	$29.16M	$28.22M	$24.53M
YoY Change	18.87%	18.23%	24.14%

Cashflow Statement

Concept	2018 Q1	2017 Q3	2017 Q1
OPERATING ACTIVITIES
Net Income	-$422.0K	$748.0K	$857.0K
YoY Change	-149.24%	-12.72%	104.57%
Depreciation, Depletion And Amortization	$248.0K	$230.0K	$225.0K
YoY Change	10.22%	21.05%	18.97%
Cash From Operating Activities	-$1.503M	$410.0K	$1.511M
YoY Change	-199.47%	-62.73%	-311.41%
INVESTING ACTIVITIES
Capital Expenditures	$860.0K	-$410.0K	$674.0K
YoY Change	27.6%	-79.8%	-30.33%
Acquisitions
YoY Change
Other Investing Activities	-$1.050M	$10.00K	$10.00K
YoY Change	-10600.0%
Cash From Investing Activities	-$830.0K	-$400.0K	-$665.0K
YoY Change	24.81%	-80.3%	-31.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$51.00K	-140.0K	$55.00K
YoY Change	-192.73%	-112.61%	-85.23%
NET CHANGE
Cash From Operating Activities	-$1.503M	410.0K	$1.511M
Cash From Investing Activities	-$830.0K	-400.0K	-$665.0K
Cash From Financing Activities	-$51.00K	-140.0K	$55.00K
Net Change In Cash	-$2.384M	-130.0K	$901.0K
YoY Change	-364.59%	-172.22%	-168.64%
FREE CASH FLOW
Cash From Operating Activities	-$1.503M	$410.0K	$1.511M
Capital Expenditures	$860.0K	-$410.0K	$674.0K
Free Cash Flow	-$2.363M	$820.0K	$837.0K
YoY Change	-382.32%	-73.8%	-149.76%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2018Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Document Type DocumentType	10-Q
CY2018Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000924719
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	5080395	shares
CY2018Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2018Q1	dei	Entity Registrant Name EntityRegistrantName	SMITH MIDLAND CORP
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CY2017Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-5	USD
CY2016Q3	us-gaap	Other Income OtherIncome	11000	USD
CY2017Q3	us-gaap	Other Income OtherIncome	8000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-13000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-4000	USD
CY2017Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	49000	USD
CY2018Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	256000	USD
CY2017Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	9000	USD
CY2018Q1	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	8000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	674000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	860000	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2018Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2018Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	452000	USD
CY2018Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	528000	USD
CY2017Q4	us-gaap	Prepaid Taxes PrepaidTaxes	1359000	USD
CY2018Q1	us-gaap	Prepaid Taxes PrepaidTaxes	1325000	USD
CY2017Q1	us-gaap	Proceeds From Lease Payments ProceedsFromLeasePayments	0	USD
CY2018Q1	us-gaap	Proceeds From Lease Payments ProceedsFromLeasePayments	-1076000	USD
CY2017Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	183000	USD
CY2018Q1	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	350000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	18000	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	38000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	62000	USD
CY2018Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	6000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9867000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10481000	USD
CY2017Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	141000	USD
CY2018Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	151000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11556000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11134000	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	9497000	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	9125000	USD
CY2016Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	610000	USD
CY2017Q3	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	676000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	151000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	117000	USD
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	5000	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	0	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	0.00
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	0	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	0.00
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	10333	shares
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	5000	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.21
CY2018Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.21
CY2018Q1	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
CY2018Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	1.21
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	40000	USD
CY2018Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	5333	shares
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	17205000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	16892000	USD
CY2017Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2018Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	40920	shares
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	102000	USD
CY2018Q1	us-gaap	Treasury Stock Value TreasuryStockValue	102000	USD
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	43000	shares
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5052000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5114000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5009000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5114000	shares

Files In Submission

Name	View Source	Status
0000924719-18-000011-index-headers.html	Edgar Link	pending
0000924719-18-000011-index.html	Edgar Link	pending
0000924719-18-000011.txt	Edgar Link	pending
0000924719-18-000011-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
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.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-20180331.xml	Edgar Link	completed
smid-20180331.xsd	Edgar Link	pending
smid-20180331_cal.xml	Edgar Link	unprocessable
smid-20180331_def.xml	Edgar Link	unprocessable
smid-20180331_lab.xml	Edgar Link	unprocessable
smid-20180331_pre.xml	Edgar Link	unprocessable
smid-2018331x10xq.htm	Edgar Link	pending
smid-2018331xex311.htm	Edgar Link	pending
smid-2018331xex312.htm	Edgar Link	pending
smid-2018331xex321.htm	Edgar Link	pending

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$SMID
SMITH MIDLAND CORP Stock $smid

2018 Q1 Form 10-Q Financial Statement

#000092471918000011 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID SMITH MIDLAND CORP Stock $smid

2018 Q1 Form 10-Q Financial Statement

#000092471918000011 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SMID
SMITH MIDLAND CORP Stock $smid