Revenue growth has stalled significantly, evidenced by a 63.3% year-over-year decline in 2024Q2 alongside a compression of gross margins to 19.0%.
| Sales/Revenue | 154.08M | 64.3M | 60.84M | 90.25M | 95.06M | 39.48M |
| Revenue Growth % | - | 5.7% | -32.59% | -5.06% | 140.77% | - |
| Cost of Goods Sold | 107.04M | 50.16M | 48.79M | 63.85M | 61.72M | 30.51M |
| COGS % of Revenue | - | 78.01% | 80.2% | 70.75% | 64.93% | 77.27% |
| Gross Profit | 47.04M | 14.14M | 12.04M | 26.4M | 33.34M | 8.97M |
| Gross Margin % | 30.53% | 21.99% | 19.8% | 29.25% | 35.07% | 22.73% |
| Gross Profit Growth % | - | 17.42% | -54.37% | -20.82% | 271.44% | - |
| Operating Expenses | 72.46M | 24.05M | 28.79M | -5.8M | 19.68M | 16.4M |
| OpEx % of Revenue | - | 37.4% | 47.33% | -6.42% | 20.71% | 41.54% |
| Selling, General & Admin | 26.25M | 22.48M | 24.69M | 25.12M | 18.34M | 14.15M |
| SG&A % of Revenue | - | 34.96% | 40.58% | 27.83% | 19.3% | 35.84% |
| Research & Development | 7.52M | 1.43M | 3.97M | 5.15M | 4.82M | 2.73M |
| R&D % of Revenue | - | 2.22% | 6.53% | 5.7% | 5.07% | 6.92% |
| Other Operating Expenses | 519.71K | 143.12K | 130K | -36.06M | -3.48M | -480K |
| Operating Income | -3.19M | -9.91M | -16.75M | 32.2M | 13.65M | -7.43M |
| Operating Margin % | -2.07% | -15.41% | -27.53% | 35.67% | 14.36% | -18.81% |
| Operating Income Growth % | - | 40.83% | -152.02% | 135.79% | 283.84% | - |
| EBITDA | 9.52M | -5.78M | -8.82M | 39.1M | 19.94M | -2.53M |
| EBITDA Margin % | 6.18% | -8.99% | -14.5% | 43.32% | 20.97% | -6.42% |
| EBITDA Growth % | - | 34.51% | -122.57% | 96.11% | 886.78% | - |
| D&A (Non-Cash Add-back) | 7.44M | 4.13M | 7.92M | 6.9M | 6.28M | 4.89M |
| EBIT | 20.71M | -9.91M | -79.88M | 50.82M | 19.41M | -8.15M |
| Net Interest Income | 15.06M | -69.33M | -4.85M | -6.21M | -13.66M | -14.78M |
| Interest Income | 6.28M | 63.4K | 860K | 3.88M | 4.09M | 0 |
| Interest Expense | 1.98M | 69.39M | 5.71M | 10.09M | 17.75M | 14.78M |
| Other Income/Expense | 15.5M | -58.42M | -68.85M | 8.54M | -11.99M | -14.65M |
| Pretax Income | 8.64M | -68.33M | -85.6M | 40.73M | 1.67M | -22.08M |
| Pretax Margin % | 5.6% | -106.27% | -140.7% | 45.13% | 1.75% | -55.93% |
| Income Tax | 7.45M | -39.38K | -1.49M | 2.78M | -1.92M | 5.2M |
| Effective Tax Rate % | 86.24% | 0.06% | 1.74% | 6.82% | -115.42% | -23.53% |
| Net Income | 4.35M | -68.24M | -84.11M | 36.87M | 1.55M | -24.45M |
| Net Margin % | 2.82% | -106.12% | -138.26% | 40.85% | 1.63% | -61.93% |
| Net Income Growth % | - | 18.87% | -328.14% | 2278.58% | 106.34% | - |
| Net Income (Continuing) | 5.43M | -68.29M | -84.1M | 37.95M | 3.59M | -27.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 654K | 578.75K | 668K | 7.36M | 6.68M | 4.84M |
| EPS (Diluted) | 0.13 | -1.80 | -2.41 | 1.10 | 0.07 | -0.73 |
| EPS Growth % | - | 25.31% | -319.09% | 1496.52% | 109.44% | - |
| EPS (Basic) | - | -1.80 | -2.41 | 0.97 | 0.07 | -0.73 |
| Diluted Shares Outstanding | 33.41M | 38.06M | 34.94M | 33.41M | 22.5M | 28.13M |
| Basic Shares Outstanding | 37.97M | 38.06M | 34.94M | 37.97M | 22.5M | 28.13M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Liquidity and solvency crisis
As reported in recent financial filings, SCHMID experienced a sharp 63.3% revenue decline in 2024Q2 compared to prior periods, reflecting the inherent volatility of its project-based industrial equipment model and a potential slowdown in capital expenditure cycles across its core electronics and photovoltaics customer segments.
The significant drop in top-line performance suggests that the company's reliance on large-scale, non-recurring equipment installations leaves it highly exposed to cyclical downturns. Investors should monitor whether this contraction is a temporary pause in project timing or a more permanent loss of market share to lower-cost regional competitors.
Based on the company's 2024Q2 income statement, gross margins compressed to 19.0%, a notable deterioration from the 36.4% levels observed in 2022Q4, indicating that SCHMID is struggling to maintain pricing power amidst rising input costs and a competitive landscape for specialized industrial machinery.
The inability to sustain higher gross margins suggests that the company's proprietary technology may be facing commoditization pressures. This margin compression, combined with high fixed costs, appears to be the primary driver behind the company's recent shift into negative operating territory.
According to the latest quarterly data, SCHMID's operating margin plummeted to -2.4% in 2024Q2, demonstrating that the company's high fixed-cost structure is failing to scale effectively as revenue volumes decline, thereby amplifying the impact of top-line weakness on the bottom line.
The transition from positive operating income in previous periods to current losses suggests that the company's overhead, likely tied to German engineering talent and manufacturing facilities, is currently misaligned with its revenue generation capacity. This lack of operating leverage warrants further investigation into management's ability to right-size the cost base.
With cash and equivalents reported at only $1.57M against substantial TTM losses, the company's financial position appears increasingly precarious, suggesting that SCHMID may face significant challenges in funding its ongoing R&D and operational requirements without immediate access to external capital markets.
The massive discrepancy between the company's reported net losses and its minimal cash reserves indicates a high risk of future dilutive financing or liquidity distress. Short-term investors should be wary of the company's ability to sustain its current business model without a fundamental restructuring of its balance sheet.
Quick answers to the most common questions about buying SHMD stock.
For fiscal year 2025, SCHMID Group N.V. Class A Ordinary Shares (SHMD) reported total revenue of $64.3M. This represents a 62.9% increase compared to $39.5M in 2021.
SCHMID Group N.V. Class A Ordinary Shares (SHMD) reported a net loss of $68.2M for the fiscal year ending 2025.
SCHMID Group N.V. Class A Ordinary Shares (SHMD) reported an operating income of $-9.9M, resulting in an operating profit margin of -15.4%. This margin reflects the operational efficiency of the business before interest and taxes.
SCHMID Group N.V. Class A Ordinary Shares (SHMD) generated $14.1M in gross profit for the year, representing a gross profit margin of 22.0%. This demonstrates the company's core pricing power and production efficiency.