Mission Statement, Vision, & Core Values of Schmitt Industries, Inc. (SMIT)

When a company like Schmitt Industries, Inc. (SMIT), which reported total assets of $22.84 million in the latest quarter, is navigating a major strategic pivot, its Mission Statement, Vision, and Core Values are not just boilerplate-they are the critical compass. With a trailing twelve months (TTM) net profit margin of -33.19% as of September 2025, the market is defintely looking for a clear, guiding philosophy to justify their refocus on high-precision test and measurement products. How can a firm stabilize operations and regain investor confidence when its core identity seems to be in flux?

Schmitt Industries, Inc. (SMIT) Overview

Schmitt Industries, Inc. is fundamentally a high-precision technology company that took a costly detour into consumer products before returning to its industrial roots. Founded in 1987 in Portland, Oregon, the company built its reputation on designing and manufacturing sophisticated test and measurement products for industries like aerospace and automotive.

The company historically operated through two distinct segments: Measurement and Ice Cream. The Measurement segment includes the Acuity line of laser and confocal chromatic white light sensors for distance and dimensional sizing, plus the Xact line of ultrasonic-based remote tank monitoring products for the Internet of Things (IoT) environment. The Ice Cream segment was Ample Hills Creamery, a Brooklyn-based retailer acquired in a 2020 bankruptcy sale for $1 million.

The company's operational focus has shifted dramatically since its last full public financial report. The most recent available total revenue figure for the fiscal year ended May 31, 2022, was $9.893 million. However, the Ice Cream segment was closed in December 2022 and its assets were sold in June 2023 for $150,000. This move effectively re-centers the business entirely on its original, higher-margin Measurement technology.

Financial Performance: Navigating the Post-Divestiture Reality

You need to be a realist when looking at the numbers, especially since Schmitt Industries' Exchange Act registration has been revoked, meaning we don't have a new Form 10-K for the 2025 fiscal year. So, let's look at the last full picture we have-Fiscal Year 2022-and map it to the current reality.

The reported total revenue of $9.893 million for FY 2022 is misleading for 2025 projections. Here's the quick math: the now-divested Ice Cream segment generated $8.32 million of that revenue, while the Measurement segment-the continuing core business-only brought in $1.58 million. That Ice Cream revenue was a record number for that segment, but it came with a significant net loss of $7.6 million for the segment in FY 2022, which ultimately led to the divestiture.

• Last Reported Total Revenue (FY 2022): $9.893 million.
• Divested Ice Cream Revenue (FY 2022): $8.32 million.
• Continuing Measurement Revenue (FY 2022): $1.58 million.

What this estimate hides is any potential growth in the Measurement segment over the last three years, but honestly, without fresh 2025 filings, we must assume the business is now much smaller and focused solely on its Acuity and Xact product lines. The company is now a much leaner, pure-play industrial technology firm, which is a significant strategic shift.

A Leader in Precision Measurement Technology

Despite the financial noise from the Ice Cream venture, Schmitt Industries is defintely still a leader in its core competency: high-precision test and measurement. Their Acuity brand is known for its laser and confocal chromatic white light sensors, which are essential for micron-level part inspection and distance measurement in demanding industrial applications.

These products are used in everything from lumber production and steel casting to medical imaging and crane control, making them a critical component in the global industrial supply chain. The company's success in this niche is driven by the speed and accuracy of their proprietary technology, which includes the new AS2100 Accurate Distance Sensor, an improved product designed for superior accuracy at long ranges, even outdoors [cite: 8 in previous step]. They are competing on quality and performance, not just price, against much larger, multinational competitors.

To understand the full scope of this strategic pivot and the potential of the remaining Measurement business, you should be Exploring Schmitt Industries, Inc. (SMIT) Investor Profile: Who's Buying and Why?

Schmitt Industries, Inc. (SMIT) Mission Statement

You're looking for the bedrock of Schmitt Industries, Inc.'s strategy, and it boils down to one thing: precision. The company's mission is to be a world leader in providing highly precise test, measurement, and process control products that help customers save money, increase production efficiency, and improve product quality. This statement isn't just corporate fluff; it's the operating principle that has guided their business segments, even through recent strategic shifts.

A mission statement is the compass for every decision, especially for a company like Schmitt Industries (SMIT) that has navigated a complex portfolio, including the sale of its Ice Cream Segment, Ample Hills Creamery, in 2024 for $6 million. The core focus remains on the Measurement Segment, where the mission translates directly into product development and customer value. If you want to understand where the capital is going, you have to look at the mission first.

Here's the quick math: in the most recently reported full fiscal year (FY 2022, ending May 31), the company reported total revenue of $9.89 million. That scale of business, operating with a net loss from continuing operations of $3.71 million, means every product must deliver on the promise of precision and efficiency to justify its cost and drive future profitability. You can learn more about the strategic implications of these numbers by Exploring Schmitt Industries, Inc. (SMIT) Investor Profile: Who's Buying and Why?

Core Component 1: Delivering Highly Precise Test and Measurement Products

The first pillar of the mission is technical superiority-delivering measurement solutions with exceptional accuracy. This is the value proposition for the Measurement Segment's two primary product lines: Acuity and Xact. Acuity's laser sensors, for instance, are known for their speed and accuracy in industrial, commercial, and research applications, utilizing non-contact measurement principles like triangulation and time-of-flight.

This commitment to precision is tangible in the product specifications. For example, the Acuity AR200 line of triangulating laser displacement sensors boasts an impressive 1/500 accuracy rating for measurements within twelve microns (a micron is one-millionth of a meter). Honestly, that's a tiny tolerance for a commercial sensor. This level of detail is defintely what keeps their original equipment manufacturer (OEM) and system integrator customers coming back for applications like thickness measurement in lumber or steel, and crane positioning.

• Measure distance with micron-level accuracy.
• Use non-contact laser and ultrasonic technology.
• Serve demanding industrial and research applications.

Core Component 2: Increasing Customer Production Efficiency and Cost Savings

The mission is not just about selling a precise tool; it's about translating that precision into a financial benefit for the customer. This is where the Xact Tank Monitoring System shines. This ultrasonic measurement technology remotely monitors the fill levels of propane and other liquid tanks via satellite-connected devices, providing real-time data to customers through the Internet of Things (IoT) ecosystem.

The immediate benefit is a clear reduction in logistics costs. For large propane distributors like Suburban Propane (U.S.) and AmeriGas (U.S.), knowing the exact fill level remotely means optimizing delivery routes, avoiding costly emergency deliveries, and preventing stock-outs. This directly increases their production efficiency-or, in this case, distribution efficiency-by minimizing wasted truck rolls and maximizing the volume delivered per trip. It's about turning data into dollars saved.

Core Component 3: Unwavering Commitment to Product Quality

The final, non-negotiable component of the mission is a steadfast commitment to quality, which is the foundation for trust in precision instruments. You can't sell a measurement device if its reliability is questionable. Schmitt Industries has maintained its Quality Control Program with full ISO 9001 certification since 1996, and is current with the stringent ISO 9001:2015 requirements as of the fiscal year end 2021. This is a crucial external validation.

This commitment is backed by an ongoing research and development (R&D) program, primarily focused on the Measurement Segment. While R&D expenses were a modest portion of the overall cost structure in recent years, totaling around $83,130 in Fiscal 2021, the focus is on expanding the product lines and capabilities of the core business. This dedication ensures that their products, assembled in their Portland, Oregon facility, meet the highest global standards, a necessity for competing with European and Asian manufacturers in the precision measurement space.

Schmitt Industries, Inc. (SMIT) Vision Statement

You're looking for a clear-cut vision for Schmitt Industries, Inc. (SMIT), and honestly, the company's recent actions speak louder than a formal statement. As a seasoned analyst, I see their vision as a laser-focused commitment to being the definitive leader in high-precision industrial measurement, and crucially, driving tangible shareholder value through strategic asset management.

This isn't just about making great sensors; it's about a disciplined capital allocation strategy. You see this in the numbers: the company's market capitalization was only about $56.80 thousand as of November 2025, which tells you they are a micro-cap play where every strategic move is magnified. Their vision has pivoted from diversification (like the Ample Hills Creamery venture) back to core strength: measurement technology.

Focusing on Precision: The Acuity and Xact Advantage

The core of Schmitt Industries' strategic vision rests on its two primary product lines: Acuity and Xact. This is where the company sees its long-term, defensible edge. Acuity is their non-contact laser sensor line, used for everything from dimensional sizing in manufacturing to crane positioning and road profiling. Xact, on the other hand, is the ultrasonic-based remote tank monitoring system, a key player in the Internet of Things (IoT) environment for tracking liquid levels in propane and diesel tanks.

Here's the quick math on why this focus is necessary. The Trailing Twelve Months (TTM) revenue, a solid near-term indicator as of late 2025, sat at approximately $9.89 million, but the TTM Net Income showed a loss of -$3.28 million. That's a tight spot. Shifting the vision to only these high-margin, high-precision products is the only way to reverse that loss and stabilize the business. It's a classic return-to-basics strategy.

• Acuity: Provides laser and white light sensor distance measurement.
• Xact: Offers remote tank monitoring for liquid-based industrial markets.
• The goal: Dominate niche markets with superior, precise technology.

The Mission: Unlocking Value Through Portfolio Management

The company's mission, therefore, is to design, manufacture, and market these precise solutions while continually assessing the portfolio to unlock capital. Think of the 2024 sale of Ample Hills Creamery for $6 million. That move wasn't about ice cream; it was a clear mission to sell non-core assets and refocus capital on the measurement segment. That's defintely a mission of strategic realism.

This mission is about disciplined growth in the measurement segment, coupled with a promise to improve shareholder value. They aren't just selling products; they are selling a strategic narrative. If you want to dive deeper into the financial health of the company, you should check out Breaking Down Schmitt Industries, Inc. (SMIT) Financial Health: Key Insights for Investors. It helps put the strategic sales into context.

Core Values: Precision, Strategic Realism, and Accountability

A company's core values are what they prioritize when the going gets tough. For Schmitt Industries, these values are baked into their business model, especially given the volatility of their past. They have to be hyper-focused on three things:

Precision: This is non-negotiable. Their products are used for micron-level part inspection and highly accurate distance sensing. A failure here means a total loss of customer trust. It is the foundation of their ISO 9001 certification.

Strategic Realism: This value mandates a constant, unsentimental review of the business. Selling the SBS business line for $10.5 million in 2019 and the ice cream segment later shows a willingness to cut losses and focus resources where they generate the best return on invested capital. That's a hard-nosed, necessary value for a small-cap firm.

Accountability: Given the low market cap and the history of divestitures, the team is accountable for maximizing shareholder returns. Every dollar of the $9.89 million in TTM revenue must be scrutinized to ensure it's contributing to the long-term health of the core business. They are accountable for turning that TTM loss into a profit.

What this estimate hides is the execution risk. The strategy is sound, but turning a loss-making operation into a profitable one on a small revenue base is always a heavy lift. Still, the vision is clear: high-precision tech, zero distractions.

Schmitt Industries, Inc. (SMIT) Core Values

You are looking for a clear map of what drives Schmitt Industries, Inc. (SMIT), and honestly, you won't find a glossy, three-word slogan on their investor page. As a seasoned analyst, you have to read the tea leaves-the financial statements and strategic moves-to understand the real, operating core values. The company's actions, especially in the last two years, point to a sharp focus on its Measurement Segment, a clear signal of what truly matters.

Their values are less about corporate fluff and more about the tough-minded decisions that keep a firm with a recent net loss of $3.28 million (Fiscal Year 2022) in the game. Here's the quick math: they're doubling down on their technical strengths to turn that loss around.

This value is the bedrock of Schmitt Industries' primary business, the Measurement Segment. Precision is not an aspiration; it's a requirement when your main product line, Acuity® Lasers, designs, manufactures, and markets highly precise test and measurement products. If your laser sensor is off by a hair, the entire industrial application-like crane positioning or thickness measurement-fails. That's a huge risk.

The company commits to this value through a rigorous quality management system (QMS), which is why they maintain ISO 9001 certification. This certification is an external audit that confirms their processes for the Acuity® and Xact® product lines meet global quality standards. It's a non-negotiable standard for B2B industrial clients. Their reputation hinges on delivering reliable ±0.0001 inch precision, a figure that sets the bar for their engineered components [cite: 6 from first search].

• Maintain ISO 9001 certification for quality assurance.
• Design Acuity® products for extreme accuracy.
• Focus on industrial, commercial, and research applications.

A core value that emerged from necessity is strategic agility, which is the ability to pivot fast and cut non-core assets to conserve capital. This is defintely the most crucial value for a company that was delisted from the NASDAQ and now trades on the OTC markets. You're hiring before product-market fit, and they were running two wildly different businesses.

The definitive action here was the sale of the Ice Cream Segment (Ample Hills Creamery). Schmitt Industries sold this entire segment in 2024 for $6 million [cite: 3 from first search]. This move wasn't about ice cream; it was about capital allocation. It freed up resources and management time to focus on the higher-margin, core Measurement Segment, which generated $1.58 million in revenue in FY 2022, compared to the Ice Cream Segment's $8.32 million in the same period. That's a tough, but necessary, call to streamline operations and shore up the balance sheet. For more on this financial context, you should check out Breaking Down Schmitt Industries, Inc. (SMIT) Financial Health: Key Insights for Investors.

The company's survival rests on its ability to innovate within the measurement technology space. This value is embodied in the Xact® Tank Monitor product line, which uses ultrasonic measurement technology to monitor liquid tank fill levels remotely. This is their play in the Internet of Things (IoT) environment.

This isn't just a simple sensor; it's an integrated system that sends a 'ping' through a tank wall, calculates the fill level from the echo's time-of-flight data, and transmits that data via satellite to a secure website. This kind of specialized, end-to-end solution for bulk propane, diesel, and jet fuel suppliers is a clear demonstration of their commitment to technological problem-solving. It shows they are investing in niche, high-value applications where their expertise truly differentiates them from competitors.