Schmitt Industries, Inc. announced earnings results for the full year ended May 31, 2021. For the full year, the company announced sales was USD 7.864 million compared to USD 4.189 million a year ago. Operating loss was USD 9.886 million compared to USD 2.179 million a year ago. Net loss was USD 8.089 million compared to net income of USD 3.880 million a year ago. Basic loss per share was USD 2.15 compared to basic earnings per share of USD 0.98 a year ago. Basic loss per share from continuing operations was USD 2.15 compared to USD 0.47 a year ago.