Schmitt Industries, Inc. announced earnings results for the third quarter ended February 28, 2021. For the third quarter, the company announced sales was USD 1.668 million compared to USD 1.094 million a year ago. Operating loss was USD 2.504 million compared to USD 431,701 a year ago. Net loss was USD 2.419 million compared to USD 131,170 a year ago. Basic loss per share was USD 0.64 compared to USD 0.03 a year ago. Basic loss per share from continuing operations was USD 0.64 compared to USD 0.06 a year ago. For the nine months, sales was USD 5.205 million compared to USD 3.222 million a year ago. Operating loss was USD 6.273 million compared to USD 1.347 million a year ago. Net loss was USD 4.635 million compared to net income of USD 4.556 million a year ago. Basic loss per share was USD 1.23 compared to basic earnings per share of USD 1.14 a year ago. Basic loss per share from continuing operations was USD 1.23 compared to USD 0.29 a year ago.