{"product_id":"smit-vrio-analysis","title":"Schmitt Industries, Inc. (SMIT): VRIO Analysis [Mar-2026 Updated]","description":"\u003cbr\u003e\u003cp\u003eIs Schmitt Industries, Inc. (SMIT) truly positioned for long-term success, or are its core strengths just waiting to be replicated? This VRIO analysis cuts straight to the heart of the matter, rigorously testing whether the company's key resources are Valuable, Rare, Inimitable, and Organized to create a sustainable competitive edge. Dive in now to uncover the definitive answer on where Schmitt Industries, Inc. (SMIT)'s true power lies and what it means for its future market dominance.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: Acuity® Laser\/Light Sensor Technology\n\u003c\/h2\u003e\n\u003cp\u003eYou’re looking at the core engine of Schmitt Industries, Inc.'s high-value industrial play - the Acuity® technology. Honestly, this sensor suite is where the real margin lives, but it needs constant feeding to stay ahead.\u003c\/p\u003e\n\n\u003ch\u003eValue: Driving High-Margin Industrial Automation\u003c\/h\u003e\n\u003cp\u003eThe Acuity® sensors deliver on speed and accuracy for dimensional measurement, which is gold in industrial automation. Think about crane positioning or checking the thickness of steel coming off the line - precision here directly reduces scrap and downtime. For context, in a recent period before May 2022, the Measurement Segment, which houses this tech, was responsible for about \u003cstrong\u003e$1.58 million\u003c\/strong\u003e in revenue on a last-twelve-months basis, showing its concentrated value.\u003c\/p\u003e\n\u003cp\u003eKey Value Drivers:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eMeasures thickness and position accurately.\u003c\/li\u003e\n\u003cli\u003eOffers high speed for dynamic processes.\u003c\/li\u003e\n\u003cli\u003eUsed in demanding OEM applications.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch\u003eRarity: A Unique Tech Combination\u003c\/h\u003e\n\u003cp\u003eWhat makes this rare isn't just one principle, but the specific commercial blend. They use both laser triangulation and time-of-flight principles in their sensors. Most general measurement firms don't combine these two approaches in their off-the-shelf commercial offerings. This combination lets them handle tricky targets, like dark or shiny surfaces, better than some competitors using only LIDAR.\u003c\/p\u003e\n\n\u003ch\u003eImitability: The Software Moat\u003c\/h\u003e\n\u003cp\u003eThe core physics behind laser measurement isn't secret, so the technology isn't impossible to copy. However, the real barrier is the proprietary calibration routines and the software integration needed to make those physics work reliably across a wide range of industrial conditions. It’s moderately hard to copy quickly. For instance, R\u0026amp;D spending in Fiscal 2021 for the Measurement Segment was \u003cstrong\u003e$81,955\u003c\/strong\u003e, showing dedicated, albeit small, investment to maintain this edge.\u003c\/p\u003e\n\n\u003ch\u003eOrganization: Central Focus\u003c\/h\u003e\n\u003cp\u003eOrganizationally, this is a high score because the Acuity® line is the heart of the Measurement Segment. This segment gets dedicated research and development focus, meaning the company is structured to exploit this asset. They have the right internal processes - like ISO 9001:2015 certification for their laser tools - to commercialize and support the technology effectively.\u003c\/p\u003e\n\n\u003ch\u003eCompetitive Advantage and Next Steps\u003c\/h\u003e\n\u003cp\u003eRight now, the advantage is \u003cstrong\u003eTemporary\u003c\/strong\u003e. The tech is advanced, but the R\u0026amp;D spend is relatively low compared to global automation giants. If Schmitt Industries, Inc. doesn't significantly increase investment, competitors will definitely close the gap within a few years. You need to see continuous, significant R\u0026amp;D to turn this into a sustained advantage.\u003c\/p\u003e\n\u003cp\u003eHere’s the quick math on the VRIO assessment:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eVRIO Dimension\u003c\/td\u003e\n\u003ctd\u003eAssessment\u003c\/td\u003e\n\u003ctd\u003eImplication\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eValue\u003c\/td\u003e\n\u003ctd\u003eYes\u003c\/td\u003e\n\u003ctd\u003eEnables competitive parity at minimum.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRarity\u003c\/td\u003e\n\u003ctd\u003eYes\u003c\/td\u003e\n\u003ctd\u003ePotential for temporary advantage.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImitability\u003c\/td\u003e\n\u003ctd\u003eDifficult (Moderate)\u003c\/td\u003e\n\u003ctd\u003eSlows down direct imitation.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOrganization\u003c\/td\u003e\n\u003ctd\u003eHigh\u003c\/td\u003e\n\u003ctd\u003eReady to exploit the resource.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompetitive Advantage\u003c\/td\u003e\n\u003ctd\u003eTemporary\u003c\/td\u003e\n\u003ctd\u003eRequires sustained investment to maintain.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eIf onboarding new OEM clients takes longer than 90 days due to integration hurdles, churn risk rises.\u003c\/p\u003e\n\u003cp\u003eStrategy: Finance team to model the required R\u0026amp;D spend increase needed to achieve a 'High' imitability score within 36 months by Friday.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: Xact® Satellite Tank Monitoring System\n\u003c\/h2\u003e\n\u003cp\u003e\n\u003ch\u003e\u003ch\u003eValue\u003c\/h\u003e\u003c\/h\u003e\n\u003c\/p\u003e\u003cp\u003eProvides recurring service revenue from remote monitoring data transmission for bulk fuel distributors, creating a sticky customer base.\u003c\/p\u003e\n\u003cp\u003eThe Measurement Segment, which includes Xact, had net sales of \u003cstrong\u003e$4.7 million\u003c\/strong\u003e in Fiscal 2013, \u003cstrong\u003e$5.2 million\u003c\/strong\u003e in Fiscal 2012, and \u003cstrong\u003e$3.5 million\u003c\/strong\u003e in Fiscal 2011. The trailing twelve-month revenue as of May 31, 2022, was reported as \u003cstrong\u003e$9.9M\u003c\/strong\u003e. An increase in Xact monitoring revenue of \u003cstrong\u003e$130,657\u003c\/strong\u003e, or \u003cstrong\u003e8.6%\u003c\/strong\u003e, was noted in Fiscal 2021.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eSpecification\u003c\/th\u003e\n\u003cth\u003eData Point\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTank Size Monitored (Min)\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e125 gallons\u003c\/strong\u003e (473 liters)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTank Size Monitored (Max)\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e90,000 gallons\u003c\/strong\u003e (340,686 liters)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUltrasonic Sensor Accuracy (Large Tanks)\u003c\/td\u003e\n\u003ctd\u003e+\/- \u003cstrong\u003e2%\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUltrasonic Sensor Accuracy (Small Tanks)\u003c\/td\u003e\n\u003ctd\u003e+\/- \u003cstrong\u003e1%\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGauge Reader Accuracy\u003c\/td\u003e\n\u003ctd\u003e+\/- \u003cstrong\u003e8%\u003c\/strong\u003e to \u003cstrong\u003e12%\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOperating Temperature Range\u003c\/td\u003e\n\u003ctd\u003e-\u003cstrong\u003e40ºC\u003c\/strong\u003e to \u003cstrong\u003e60ºC\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003ch\u003e\u003ch\u003eRarity\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eThe established, global satellite transmission infrastructure for this specific application is a niche asset.\u003c\/p\u003e\n\u003cp\u003eXact telemetry is \u003cstrong\u003esatellite based\u003c\/strong\u003e, separating it from competitors offering telemetry options based on cellular or closed-loop communication networks.\u003c\/p\u003e\n\u003ch\u003e\u003ch\u003eImitability\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eHigh; building out the required hardware, software, and carrier relationships takes years and significant capital.\u003c\/p\u003e\n\u003cp\u003eThe Xact ultrasonic sensor incorporates \u003cstrong\u003epatented technology\u003c\/strong\u003e.\u003c\/p\u003e\n\u003ch\u003e\u003ch\u003eOrganization\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eHigh; the system is fully integrated, serving major clients like Suburban Propane and AmeriGas.\u003c\/p\u003e\n\u003cp\u003eCustomers of the Xact Tank Monitoring System include:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eSuperior Propane (Canada)\u003c\/li\u003e\n\u003cli\u003eSuburban Propane (U.S.)\u003c\/li\u003e\n\u003cli\u003eAmeriGas (U.S.)\u003c\/li\u003e\n\u003cli\u003eDassel Petroleum (U.S.)\u003c\/li\u003e\n\u003cli\u003eTermoGas (Mexico)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch\u003e\u003ch\u003eCompetitive Advantage\u003c\/h\u003e\u003c\/h\u003e\n\u003cp\u003eSustained; the network effect and high switching costs for fuel distributors lock in long-term cash flows.\u003c\/p\u003e\n\u003cp\u003eAs of November 30, 2017, the aggregate market value of common stock held by non-affiliates was approximately \u003cstrong\u003e$5,041,800\u003c\/strong\u003e. As of November 30, 2012, the aggregate market value was approximately \u003cstrong\u003e$6,404,500\u003c\/strong\u003e.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: Balancer Segment Expertise\n\u003c\/h2\u003e\n\u003cp\u003eThe analysis focuses on the expertise related to the Schmitt Dynamic Balance System (SBS), the principal product line for the Balancer segment, which provides computer-controlled vibration detection, balancing, and process control systems for the worldwide machine tool industry, particularly grinding machines.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Maintains a specialized, high-precision revenue stream serving the worldwide machine tool industry, particularly grinding machines.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Low; this is a mature, specialized industrial niche, but their specific computer-controlled systems are less common than general balancing tools.\u003c\/p\u003e\n\u003cp\u003eThe historical revenue contribution of the Balancer segment products demonstrates its significance to the company's top line in prior fiscal years:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eFiscal Year\u003c\/th\u003e\n\u003cth\u003eBalancer Segment Net Revenues\u003c\/th\u003e\n\u003cth\u003ePercentage of Total Company Revenues\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFiscal 2019\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$9,080,719\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e66%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFiscal 2018\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$9,026,830\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e65%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFiscal 2017\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$7,082,474\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e57%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe primary competitors in this segment include Marposs S.p.A., Balance Systems S.r.l., and MPM Micro Prazision Marx GmbH.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Moderate; the knowledge base for vibration detection and process control is deep but not entirely unique.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e Moderate; it supports a distinct segment, suggesting dedicated operational focus.\u003c\/p\u003e\n\u003cp\u003eThe company's structure historically supported this segment, as evidenced by the revenue figures:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eFiscal 2019 Balancer Net Revenues: \u003cstrong\u003e$9,080,719\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003eFiscal 2018 Balancer Net Revenues: \u003cstrong\u003e$9,026,830\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; it provides steady cash, but it’s not a high-growth area and relies on maintaining legacy customer relationships.\u003c\/p\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: ISO 9001 Quality Management System Certification\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eISO 9001 Quality Management System Certification\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eValue: Reduces operational risk and serves as a baseline qualification for large industrial and government contracts globally.\u003c\/p\u003e\n\u003cp\u003eRarity: Low; many industrial suppliers have this, but it’s a necessary ticket to play in certain supply chains.\u003c\/p\u003e\n\u003cp\u003eImitability: Low; the standard is public, and achieving certification is a procedural, not a proprietary, hurdle.\u003c\/p\u003e\n\u003cp\u003eOrganization: High; the company is certified by TUV Rheinland, showing formal commitment to process control.\u003c\/p\u003e\n\u003cp\u003eCompetitive Advantage: None; it prevents competitive disadvantage but doesn't create one on its own.\u003c\/p\u003e\n\u003cp\u003eThe Quality Control Program first received full ISO 9001 certification in \u003cstrong\u003e1996\u003c\/strong\u003e. The company received certification to the ISO 9001:2000 requirements in \u003cstrong\u003e2005\u003c\/strong\u003e. Subsequent recertifications occurred in \u003cstrong\u003e2009\u003c\/strong\u003e, \u003cstrong\u003e2011\u003c\/strong\u003e, \u003cstrong\u003e2014\u003c\/strong\u003e, and \u003cstrong\u003e2017\u003c\/strong\u003e. As of Fiscal year end \u003cstrong\u003e2021\u003c\/strong\u003e, the company was current with ISO 9001:\u003cstrong\u003e2015\u003c\/strong\u003e requirements.\u003c\/p\u003e\n\u003cp\u003eThe Measurement Segment, which includes Acuity and Xact product lines, is directly supported by the quality management system. Historical net revenues for this segment illustrate the scale of operations underpinned by these standards:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eFiscal Year End\u003c\/th\u003e\n\u003cth\u003eMeasurement Segment Net Revenue (USD)\u003c\/th\u003e\n\u003cth\u003ePercentage of Total Revenue\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003e2021\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$3,820,914\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003e2020\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$4,189,924\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eN\/A\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003e2019\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$4,729,442\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e34%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003e2018\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$4,861,233\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e35%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e\u003cstrong\u003e2017\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$5,315,169\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e43%\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe company's wafer measurement products provide measurements to less than \u003cstrong\u003e0.5 Angstroms\u003c\/strong\u003e. The Lasercheck line can make precise repeatable surface roughness measurements in the \u003cstrong\u003e0.01 to 10 micron\u003c\/strong\u003e (\u003cstrong\u003e0.40 to 400 micro inches\u003c\/strong\u003e) range.\u003c\/p\u003e\n\u003cp\u003eThe formal organization around the standard is demonstrated by:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eInitial full certification achieved in \u003cstrong\u003e1996\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eRecertification to ISO 9001:\u003cstrong\u003e2015\u003c\/strong\u003e as of Fiscal year end \u003cstrong\u003e2021\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eMeasurement Segment Revenue for Fiscal \u003cstrong\u003e2021\u003c\/strong\u003e was \u003cstrong\u003e$3,820,914\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eMeasurement Segment Revenue for Fiscal \u003cstrong\u003e2018\u003c\/strong\u003e was \u003cstrong\u003e$4,861,233\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: Ample Hills Creamery Brand \u0026amp; Retail Footprint\n\u003c\/h2\u003e\n\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Diversifies revenue away from the cyclical industrial\/measurement markets, offering exposure to consumer spending.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; the brand has local recognition, especially in the Brooklyn, NY area, but it’s not a national CPG powerhouse.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Moderate; a strong local brand is hard to replicate, but the ice cream market is crowded.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e Moderate; the 2020 acquisition shows strategic intent, but integrating consumer retail with precision manufacturing is complex.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; it offers a hedge, but its scale relative to the core business is likely small.\u003c\/p\u003e\n\n\u003cp\u003eThe value proposition is supported by the relative scale of the Ice Cream Segment revenue compared to the Measurement Segment revenue for the fiscal year ending May 2022.\u003c\/p\u003e\n\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eAmount\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAmple Hills Net Revenue (FYE May 2022)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$8.31 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMeasurement Segment Revenue (FYE May 2022)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$1.57 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eThe brand's initial local impact is evidenced by early sales figures.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eFirst storefront in Prospect Heights, Brooklyn, opened in 2011.\u003c\/li\u003e\n\u003cli\u003eSold out \u003cstrong\u003e130\u003c\/strong\u003e gallons of ice cream in just \u003cstrong\u003e4\u003c\/strong\u003e days upon opening.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eThe brand's retail footprint and scale have fluctuated significantly.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003ePre-bankruptcy peak in 2019 included a network of \u003cstrong\u003e16\u003c\/strong\u003e stores across New York, New Jersey, Florida and California.\u003c\/li\u003e\n\u003cli\u003eAmple Hills reopened with \u003cstrong\u003enine\u003c\/strong\u003e locations following the June 2020 acquisition.\u003c\/li\u003e\n\u003cli\u003eThe Ice Cream Segment reported revenue of \u003cstrong\u003e$4,043,436\u003c\/strong\u003e for Fiscal 2021 (Year Ended May 31, 2021).\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eFinancial data related to the Ice Cream Segment revenue across reporting periods:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003ePeriod End Date\u003c\/th\u003e\n\u003cth\u003eIce Cream Segment Revenue\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAugust 31, 2020\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$501,420\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAugust 31, 2021\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$2,955,755\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFebruary 28, 2022\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$972,920\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eOrganizational intent is reflected in the initial transaction cost and subsequent divestiture.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eSchmitt Industries acquired Ample Hills assets in June 2020 for \u003cstrong\u003e$1 million\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eIn May 2022, same-store sales were up \u003cstrong\u003e34%\u003c\/strong\u003e to \u003cstrong\u003e$615,000\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eOriginal founders reacquired intellectual property and leases in June 2023 for \u003cstrong\u003e$150,000\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eManufacturing equipment was purchased separately for \u003cstrong\u003e$50,000\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: Proprietary Measurement Algorithms (IP)\n\u003c\/h2\u003e\n\n\u003cp\u003e\u003cstrong\u003eProprietary Measurement Algorithms (IP)\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003ch\u003eValue\u003c\/h\u003e\n\u003cp\u003eUnderpins the accuracy and speed of both Acuity and Xact products, allowing for superior performance metrics.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eAcuity laser sensors are noted for high accuracy and fast speed in demanding applications.\u003c\/li\u003e\n\u003cli\u003eThe Xact system uses software algorithms to determine a calibrated fill level from ultrasonic sensor data.\u003c\/li\u003e\n\u003cli\u003eThe company's precise measurement methods are believed by the company to be not possible through any other cost-effective measurement means.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch\u003eRarity\u003c\/h\u003e\n\u003cp\u003eHigh; the specific algorithms that process time-of-flight and ultrasonic echoes into precise measurements are highly guarded.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe Xact system renders the previous method of sending personnel to view float gauges obsolete due to the Xact system's accuracy and remote capability.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch\u003eImitability\u003c\/h\u003e\n\u003cp\u003eHigh; this is the core intellectual property that competitors would need to reverse-engineer or license.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThe company relies on patent, trade secret, trademark and copyright law to protect such technologies.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch\u003eOrganization\u003c\/h\u003e\n\u003cp\u003eHigh; the company recognizes the risk of IP loss, indicating management prioritizes its protection.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eFailure to protect existing intellectual property rights may result in the loss of valuable technologies or paying other companies for infringing on their intellectual property rights.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003ch\u003eCompetitive Advantage\u003c\/h\u003e\n\u003cp\u003eSustained; if rigorously protected, this is the hardest asset for competitors to replicate.\u003c\/p\u003e\n\n\u003cp\u003eThe financial context for the Measurement Segment, which houses Acuity and Xact, is reflected in the overall company figures:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eMetric\u003c\/td\u003e\n\u003ctd\u003eValue\u003c\/td\u003e\n\u003ctd\u003eContext\/Source Detail\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet Sales (Measurement Products - Fiscal 2013)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$4.7 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eAccounted for \u003cstrong\u003e38%\u003c\/strong\u003e of total sales in Fiscal 2013.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGross Margin (Company)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e51.23%\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eReported Gross Margin for the last 12 months.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Revenue (Last 12 Months)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$9.89 million\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eReported Revenue for the last 12 months.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarket Capitalization (Latest)\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$16.91M\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eEquity value of the company.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cp\u003eThe proprietary algorithms enable specific performance benchmarks in the product lines:\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eProduct\/Technology\u003c\/td\u003e\n\u003ctd\u003eMeasurement Capability Enabled by IP\u003c\/td\u003e\n\u003ctd\u003eSpecific Metric\/Scope\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAcuity Laser Sensors (e.g., AR700)\u003c\/td\u003e\n\u003ctd\u003eHigh-speed distance measurement via laser triangulation\/time-of-flight\u003c\/td\u003e\n\u003ctd\u003eOutput speeds up to \u003cstrong\u003e9400 Hz\u003c\/strong\u003e.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAcuity Laser Sensors (e.g., AR200)\u003c\/td\u003e\n\u003ctd\u003eHigh-accuracy dimensional measurement\u003c\/td\u003e\n\u003ctd\u003eAccuracy rating of \u003cstrong\u003etwelve microns\u003c\/strong\u003e within specified ranges.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eXact Tank Monitoring System\u003c\/td\u003e\n\u003ctd\u003eAccurate remote fill level measurement via ultrasonic technology\u003c\/td\u003e\n\u003ctd\u003eCan monitor tanks from \u003cstrong\u003e2,000 gallons\u003c\/strong\u003e (\u003cstrong\u003e7,570 liters\u003c\/strong\u003e) up to \u003cstrong\u003e50,000 gallons\u003c\/strong\u003e (\u003cstrong\u003e190,000 liters\u003c\/strong\u003e).\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: Schmitt Measurement Systems, Inc. Subsidiary Structure\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue\u003c\/strong\u003e: Allows for focused management, clearer financial reporting, and potentially ring-fencing liability for the core measurement business. The Measurement Segment, conducted through Schmitt Measurement Systems, Inc., generated revenue of approximately \u003cstrong\u003e$3,820,914\u003c\/strong\u003e in Fiscal 2021. The segment breaks even at sales of approximately \u003cstrong\u003e$4 million\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity\u003c\/strong\u003e: Low; many companies use subsidiaries for operational focus. The structure is common for segmenting distinct business operations.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability\u003c\/strong\u003e: Low; it’s a standard corporate structure choice, not a unique organizational capability.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization\u003c\/strong\u003e: High; having a wholly-owned subsidiary dedicated to the measurement lines streamlines focus. Research and development expenses for the Measurement Segment were \u003cstrong\u003e$81,955\u003c\/strong\u003e in Fiscal 2021.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage\u003c\/strong\u003e: None; it’s an organizational efficiency, not a unique source of value creation.\u003c\/p\u003e\n\u003cp\u003eSchmitt Measurement Systems, Inc. operates the Measurement Segment, which is comprised of two main product lines:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eAcuity product line: laser-based distance measurement and dimensional sizing laser sensor.\u003c\/li\u003e\n\u003cli\u003eXact product line: ultrasonic - based remote tank monitoring products and related monitoring revenues for markets in the LoT environment.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eFiscal 2021 Amount\u003c\/th\u003e\n\u003cth\u003eFiscal 2020 Amount\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMeasurement Segment Revenue\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$3,820,914\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eApproximately \u003cstrong\u003e$4M\u003c\/strong\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMeasurement Segment R\u0026amp;D Expense\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$81,955\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$68,849\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBreak-Even Sales Level\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e$4,000,000\u003c\/strong\u003e (Estimate)\u003c\/td\u003e\n\u003ctd\u003e\n\u003cstrong\u003e$4,000,000\u003c\/strong\u003e (Estimate)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: Established Customer Base in Propane\/Fuel Distribution (Xact)\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Provides a stable, long-term revenue base through service contracts with major regional and national fuel suppliers.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; while other tank monitoring exists, securing contracts with major players like AmeriGas is a significant barrier to entry.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e High; winning these initial, trust-based contracts is the hardest part of market entry.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; the company actively focuses its business development on the US and Canadian propane industries.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Sustained; the incumbent status and deep integration into customer logistics systems create high inertia.\u003c\/p\u003e\n\u003cp\u003eThe Xact product line is part of the Measurement Segment, which had an estimated revenue of \u003cstrong\u003e$4M\u003c\/strong\u003e in 2020, with a target of \u003cstrong\u003e$8 million\u003c\/strong\u003e in sales within five years from that date. The company reported Research and Development expenses for the Measurement Segment of \u003cstrong\u003e$81,955\u003c\/strong\u003e for Fiscal 2021 and \u003cstrong\u003e$68,849\u003c\/strong\u003e for Fiscal 2020. The target EBITDA margin for the Measurement Segment within five years was projected at \u003cstrong\u003e25%\u003c\/strong\u003e. The company's total trailing twelve month revenue as of May 31, 2022, was \u003cstrong\u003e$9.9M\u003c\/strong\u003e, with a net loss of \u003cstrong\u003e($3,284) Thousand USD\u003c\/strong\u003e.\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eMetric Category\u003c\/th\u003e\n\u003cth\u003eFiscal Period\/Date\u003c\/th\u003e\n\u003cth\u003eAmount (USD)\u003c\/th\u003e\n\u003cth\u003eSegment\/Context\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMeasurement Segment Revenue Estimate\u003c\/td\u003e\n\u003ctd\u003e2020\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$4M\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eMeasurement Segment\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMeasurement Segment R\u0026amp;D Expense\u003c\/td\u003e\n\u003ctd\u003eFiscal 2021\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$83,130\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eTotal Measurement Segment\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMeasurement Segment R\u0026amp;D Expense\u003c\/td\u003e\n\u003ctd\u003eFiscal 2020\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$68,849\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eTotal Measurement Segment\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Company TTM Revenue\u003c\/td\u003e\n\u003ctd\u003eAs of 31-May-2022\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$9.9M\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eTotal Company\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTotal Company TTM Net Income\u003c\/td\u003e\n\u003ctd\u003eAs of 31-May-2022\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e($3,284) Thousand\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eTotal Company\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eShares Outstanding\u003c\/td\u003e\n\u003ctd\u003eAs of July 31, 2021\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e3,786,502\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003eCommon Stock\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eThe established customer base is evidenced by the following key relationships and technical capabilities:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eCustomers of the Xact Tank Monitoring System include: Superior Propane (Canada), Suburban Propane (U.S.), AmeriGas (U.S.), Dassel Petroleum (U.S.), and TermoGas (Mexico).\u003c\/li\u003e\n\u003cli\u003eBusiness development efforts are currently focused on the propane industry in the United States and Canada.\u003c\/li\u003e\n\u003cli\u003eThe Xact system can monitor tanks ranging in size from \u003cstrong\u003e125 gallons (473 liters)\u003c\/strong\u003e to \u003cstrong\u003e90,000 gallons (340,686 liters)\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cbr\u003e\u003ch2\u003eSchmitt Industries, Inc. (SMIT) - VRIO Analysis: Ongoing Research and Development Program\n\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eValue:\u003c\/strong\u003e Ensures the Measurement Segment remains technologically current, preventing product obsolescence in fast-moving sensor markets.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eRarity:\u003c\/strong\u003e Moderate; R\u0026amp;D is common, but their focused R\u0026amp;D on measurement principles is less common than broad tech spending.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eImitability:\u003c\/strong\u003e Moderate; competitors can spend more, but replicating the direction and focus of their specific R\u0026amp;D is harder.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOrganization:\u003c\/strong\u003e High; the company explicitly maintains this program, primarily for the Measurement Segment.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCompetitive Advantage:\u003c\/strong\u003e Temporary; it’s a necessary investment to maintain the advantage derived from the IP, but it requires constant funding.\u003c\/p\u003e\n\u003cp\u003eFinance: draft 13-week cash view by Friday\u003c\/p\u003e\n\u003cp\u003eHistorical Research \u0026amp; Development Expenditures (Millions USD) for Schmitt Industries, Inc. (SMIT):\u003c\/p\u003e\n\u003ctable\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eFiscal Year End\u003c\/th\u003e\n\u003cth\u003eResearch \u0026amp; Development (Millions USD)\u003c\/th\u003e\n\u003cth\u003eRevenue (Millions USD)\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMay '22\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.04\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$9.89\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMay '21\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.07\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$5.60\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMay '20\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.07\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$4.19\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMay '19\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.06\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$4.73\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMay '18\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$0.33\u003c\/strong\u003e\u003c\/td\u003e\n\u003ctd\u003e\u003cstrong\u003e$13.89\u003c\/strong\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cp\u003eKey Financial Metrics Related to Operations and Investment:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRevenue for FY 2022 was reported as \u003cstrong\u003e$9.89\u003c\/strong\u003e million.\u003c\/li\u003e\n\u003cli\u003eNet Income for the last reported period (FY 2022) was \u003cstrong\u003e-$3.71\u003c\/strong\u003e million.\u003c\/li\u003e\n\u003cli\u003eOperating Cash Flow for the last 12 months was \u003cstrong\u003e-$8.05\u003c\/strong\u003e million.\u003c\/li\u003e\n\u003cli\u003eFree Cash Flow for the last 12 months was \u003cstrong\u003e-$9.04\u003c\/strong\u003e million.\u003c\/li\u003e\n\u003cli\u003eCash on Hand as of May 31, 2022, was \u003cstrong\u003e$0.010B\u003c\/strong\u003e (or $10 million).\u003c\/li\u003e\n\u003cli\u003eThe R\u0026amp;D expenditure for FY 2022 represented approximately \u003cstrong\u003e0.40%\u003c\/strong\u003e of the reported revenue ($0.04M \/ $9.89M).\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"dcf.fm","offers":[{"title":"Default Title","offer_id":45516252971157,"sku":"smit-vrio-analysis","price":7.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/5189\/0837\/files\/smit-vrio-analysis.png?v=1740213297","url":"https:\/\/dcf-model.com\/pt\/products\/smit-vrio-analysis","provider":"AI-Powered Discounted Cash Flow Model Templates","version":"1.0","type":"link"}