Private company

SMG Industries Inc.

American transportation services company based in Houston1

In its 2023 annual report the company says: “We are a growth-oriented Transportation Services company focused on the domestic logistics market. Our primary business objective is to grow our operations and create value for our stockholders through organic growth and strategic acquisitions. We have implemented a Buy and Build growth strategy of acquiring transportation companies and generating organic growth post-acquisition when possible, by removing business constraints and strategic cross-selling of services in an effort to raise equipment utilization and grow market share.”59

Last updated Oct 20, 2026.

Overview

  • IndustryTransportation Services1
  • HeadquartersNorth East, Pennsylvania1
  • Incorporated inDE2
  • Business address9251 West Main Road, North East, Pa 164282
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

8.1%Gross margin3
-4.2%Operating margin3
-16.3%Net margin3
36.3%Revenue growth, 20223
-$1.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue78¢$65.3M
  • Selling, general and admin11¢$9.1M
  • Interest11¢$9.4M

Out of $71.0M in revenue.3 The company lost money this year.

Financial statements

Revenue456783$71.0M in 2022+4329% since 2016
0$20.0M$40.0M$60.0M$80.0M2016: $1.6M$1.6M20162017: $2.5M$2.5M2017+54%2018: $4.4M$4.4M2018+79%2019: $508.7K$508.7K2019−88%2020: $26.7M$26.7M2020+5142%2021: $52.1M$52.1M2021+95%2022: $71.0M$71.0M2022+36%
Gross profit456783$5.7M in 2022+764% since 2016
-$5.0M-$2.5M0$2.5M$5.0M$7.5M2016: $663.6K$663.6K20162017: $1.0M$1.0M2017+54%2018: $1.7M$1.7M2018+62%2019: -$458.6K-$458.6K20192020: -$2.8M-$2.8M2020+513%2021: -$600.6K-$600.6K2021−79%2022: $5.7M$5.7M2022
Operating income456783-$3.0M in 2022
-$15.0M-$10.0M-$5.0M0$5.0M2016: $219.6K$219.6K20162017: -$582.7K-$582.7K20172018: -$842.5K-$842.5K2018+45%2019: -$2.8M-$2.8M2019+233%2020: -$10.6M-$10.6M2020+280%2021: -$8.9M-$8.9M2021−16%2022: -$3.0M-$3.0M2022−66%
Net income456783-$11.6M in 2022
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2016: $178.0K$178.0K20162017: -$731.1K-$731.1K20172018: -$1.1M-$1.1M2018+56%2019: -$4.0M-$4.0M2019+248%2020: -$15.9M-$15.9M2020+298%2021: -$11.1M-$11.1M2021−30%2022: -$11.6M-$11.6M2022+4%
Fiscal year2016201720182019202020212022
Revenue$1.6M4$2.5M5$4.4M6$508.7K7$26.7M8$52.1M3$71.0M3
Cost of revenue$939.8K4$1.4M5$2.8M6$967.3K7$29.5M8$52.7M3$65.3M3
Gross profit$663.6K4$1.0M5$1.7M6-$458.6K7-$2.8M8-$600.6K3$5.7M3
Selling, general and admin$363.6K4$1.2M5$2.4M6$1.7M7$5.3M8$8.4M3$9.1M3
Operating expenses$8.3M3$8.7M3
Operating income$219.6K4-$582.7K5-$842.5K6-$2.8M7-$10.6M8-$8.9M3-$3.0M3
Interest$52.6K4$155.5K5$310.0K6$573.0K7$3.8M8$7.6M3$9.4M3
Income tax$04$05$06$07$08$03$03
Net income$178.0K4-$731.1K5-$1.1M6-$4.0M7-$15.9M8-$11.1M3-$11.6M3
Earnings per share$0.134-$0.215-$0.116-$0.296-$0.908-$0.493-$0.323
Earnings per share (diluted)$0.134-$0.215-$0.116-$0.296-$0.908-$0.493-$0.323
Shares (weighted, basic)23.3M shares336.4M shares3
Shares (weighted, diluted)23.3M shares336.4M shares3

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Corporate structure

SMG Industries Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SMG Industries Inc.

  • SMG Industries Inc. North East, Pennsylvania

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SMG Industries Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$20.7M3 Dec 31, 2022$21.7M3 Dec 31, 2021−4.5%
Accumulated depreciation$15.3M3 Dec 31, 2022$11.3M3 Dec 31, 2021+36.1%
Property and equipment, net$5.4M3 Dec 31, 2022$10.5M3 Dec 31, 2021−48.2%
Operating-lease assets (leased space)$734.5K3 Dec 31, 2022$3.3M3 Dec 31, 2021−77.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$127.2K3 Dec 31, 2022$257.8K3 Dec 31, 2021−50.6%

Leadership

Who has led SMG Industries Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alan C. Benjamin2011–2014
  2. Ailon Z. Grushkin2016
  3. Matthew C. Flemming2017–2020
  4. Jeffrey Ralph Martini2021
  5. Bryan S. Barnhart2023

Chair

  1. Matthew C. Flemming2017–2020

President

  1. Ailon Z. Grushkin2011–2014
  2. Matthew C. Flemming2017–2020

Chief financial officer

  1. Richard T. Morena2011
  2. Meggen Elise Rhodes2017
  3. Allen Ray Parrott2021
  4. Timothy W. Barnhart2023

Chief operating officer

  1. Richard A. Biele2011–2014
201520202025
Board members and other officers (23)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorTodd Riedel named Jul 21, 202340

Former names

  • SMG Indium Resources Ltd.Jun 2, 2008 to Mar 23, 20182
  • Specialty Metals Group Indium Corp.Feb 27, 2008 to Apr 21, 20082

Timeline

  1. Mar 8, 20248-K Regulation FD disclosure; Other events41
  2. Oct 2, 20238-K Results of operations42
  3. Sep 15, 20238-K Financial statements and exhibits43
  4. Sep 1, 20238-K Executive or director change44
  5. Aug 30, 20238-K Change of auditor45
  6. Aug 17, 20238-K Results of operations46
  7. Jul 19, 2023New chief executive Bryan S. Barnhart becomes CEO12
  8. Jul 12, 20238-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation47
  9. Jun 15, 20238-K Regulation FD disclosure48
  10. Jun 8, 20238-K Regulation FD disclosure49
  11. May 19, 20238-K Results of operations50
  12. Apr 18, 20238-K Results of operations51
  13. Jan 31, 20238-K Results of operations; Unregistered sale of shares; Regulation FD disclosure52
  14. Jan 27, 2021New chief executive Jeffrey Ralph Martini becomes CEO13
  15. Sep 22, 2017New chief executive Matthew C. Flemming becomes CEO14
  16. May 16, 2016New chief executive Ailon Z. Grushkin becomes CEO15
  17. May 10, 2011New chief executive Alan C. Benjamin becomes CEO16

Calendar

When it reported results

  1. Oct 2, 2023Reported quarterly or annual results42
  2. Aug 17, 2023Reported quarterly or annual results46
  3. May 19, 2023Reported quarterly or annual results50
  4. Apr 18, 2023Reported quarterly or annual results51
  5. Jan 31, 2023Reported quarterly or annual results52
  6. Nov 16, 2022Reported quarterly or annual results53
  7. Aug 19, 2022Reported quarterly or annual results54

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

68 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 17 major events, 25 insider forms, 5 large holders, 1 private raises, 11 other. The latest 20:

  1. Mar 29, 202415-12G EDGAR
  2. Mar 27, 2024EFFECT EDGAR
  3. Mar 27, 2024EFFECT EDGAR
  4. Mar 27, 2024EFFECT EDGAR
  5. Mar 22, 2024POS AM EDGAR
  6. Mar 22, 2024POS AM EDGAR
  7. Mar 22, 2024POS AM EDGAR
  8. Mar 8, 20248-K EDGAR
  9. Nov 14, 202310-Q EDGAR
  10. Nov 2, 20234 OWNERSHIP DOCUMENT EDGAR
  11. Oct 4, 20234 EDGAR
  12. Oct 4, 20234 EDGAR
  13. Oct 2, 20238-K EDGAR
  14. Sep 15, 20238-K/A EDGAR
  15. Sep 13, 20234 EDGAR
  16. Sep 5, 2023SC 13D/A EDGAR
  17. Sep 1, 20238-K EDGAR
  18. Aug 31, 2023SC 13D EDGAR
  19. Aug 31, 2023SC 13D EDGAR
  20. Aug 30, 20238-K EDGAR

The 68 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 21 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 27, 2023Madden Steven HChief Transition OfficerBuy4,342,788Form 4
Jan 27, 2023Crosswell Brady E.DirectorBuy1,325,000Form 4
Jan 27, 2023Frye James E. Jr.DirectorBuy676,110Form 4
Jan 27, 2023Dorsett Newton W.DirectorBuy1,075,000Form 4
Aug 19, 2022Dorsett Newton W.DirectorBuy375,000Form 4
Aug 19, 2022Frye James E. Jr.DirectorBuy201,170Form 4
Aug 19, 2022Crosswell Brady E.DirectorBuy375,000Form 4
Aug 19, 2022Madden Steven HChief Transition OfficerBuy1,567,538Form 4
Mar 3, 2022Madden Steven HChief Transition OfficerBuy675,000Form 4
Feb 14, 2022Madden Steven HChief Transition OfficerBuy375,000Form 4
Feb 11, 2022Madden Steven HChief Transition OfficerBuy142,538Form 4
Jan 6, 2022Madden Steven HChief Transition OfficerBuy750,000Form 4
Dec 31, 2021Madden Steven HChief Transition OfficerBuy194,108Form 4
Dec 23, 2021Madden Steven HChief Transition OfficerBuy375,000Form 4
Dec 21, 2021Dorsett Newton W.DirectorBuy375,000Form 4
Dec 21, 2021Frye James E. Jr.DirectorBuy201,170Form 4
Dec 21, 2021Crosswell Brady E.DirectorBuy375,000Form 4
Dec 14, 2021Madden Steven HChief Transition OfficerBuy375,000Form 4
Nov 14, 2021Madden Steven HChief Transition OfficerBuy300,000Form 4
Oct 30, 2021Frye James E. Jr.DirectorBuy349,064Form 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jul 7, 2023Raised $52.4 million in a private offering of equity Form D: $62.4 million offered in all Form D

SEC filer profile

How SMG Industries Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSMG Industries Inc.1
  • CIK0001426506
  • Employer ID (EIN)51-06629911
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4700 Transportation Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address9251 West Main Road, North East, PA 164281
  • Phone814-347-52541
  • Shares outstanding268,054,820 as of Nov 14, 202310
  • Public float$4.3M as of Jun 30, 20223
  • On EDGAR sinceFeb 27, 20081
  • Filings348 in all: 4 (76), 8-K (56), 10-Q (39), 3 (31), SC 13D/A (15), 10-K (12), CORRESP (11), SC 13D (10)1
    All 35 form types

    SC 13G/A (10), S-1/A (9), UPLOAD (9), 8-K/A (8), D (6), EFFECT (6), SC 13G (6), POS AM (5), NT 10-K (4), S-1 (4), 424B4 (3), DEF 14C (3), NT 10-Q (3), PRE 14C (3), RW (3), 424B3 (2), D/A (2), DEF 14A (2), SC TO-I/A (2), 10-K/A (1), 10-Q/A (1), 15-12G (1), 3/A (1), 8-A12G (1), CT ORDER (1), PRE 14A (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Apr 17, 2023
    Quarterly report (10-Q) Nov 14, 2023
    Proxy statement (DEF 14A) Apr 30, 2014
    Latest 8-K (8-K) Mar 8, 2024

Sources

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