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The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.
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| Breakdown | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
| Income before tax | -3.61M | 0.29M | 2.63M | -3.50M | 0.79M |
| Net income | -4.64M | 0.23M | 2.17M | -2.86M | 0.63M |
| Selling general administrative | 9.24M | 6.91M | 6.53M | 6.56M | 5.79M |
| Selling and marketing expenses | 3.44M | 3.59M | 3.98M | 7.20M | 5.12M |
| Gross profit | 9.21M | 10.81M | 12.30M | 11.10M | 11.77M |
| Reconciled depreciation | 0.23M | 0.25M | 0.30M | 0.27M | 0.26M |
| Ebit | -3.70M | 0.04M | 1.43M | -2.94M | 0.59M |
| Ebitda | -2.81M | 0.28M | 1.95M | -2.69M | 0.85M |
| Depreciation and amortization | 0.89M | 0.25M | 0.52M | 0.26M | 0.26M |
| Operating income | -3.70M | 0.04M | 1.43M | -2.94M | 1.05M |
| Other operating expenses | 43.00M | 47.44M | 44.31M | 44.36M | 45.88M |
| Interest expense | 0.43M | 0.54M | 0.41M | 0.24M | 0.24M |
| Tax provision | 1.03M | 0.06M | 0.46M | -0.64M | 0.16M |
| Net interest income | -0.48M | -0.58M | -0.47M | -0.25M | -0.26M |
| Income tax expense | 1.03M | 0.06M | 0.46M | -0.64M | 0.16M |
| Total revenue | 39.30M | 47.51M | 45.80M | 41.42M | 46.48M |
| Total operating expenses | 12.91M | 10.75M | 10.81M | 14.04M | 11.17M |
| Cost of revenue | 30.09M | 36.70M | 33.51M | 30.32M | 34.71M |
| Total other income expense net | 0.09M | 0.25M | 1.20M | -0.56M | 0.44M |
| Net income from continuing ops | -4.64M | 0.23M | 2.17M | -2.86M | 0.63M |
| Net income applicable to common shares | -4.64M | 0.23M | 2.17M | -2.86M | 0.63M |
| Breakdown | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
| Total assets | 27.71M | 16.65M | 22.67M | 16.76M | 16.60M |
| Other current assets | 2.06M | 0.27M | 0.35M | 0.24M | 0.26M |
| Total liab | 20.14M | 6.32M | 12.63M | 8.85M | 10.91M |
| Total stockholder equity | 7.58M | 10.33M | 10.04M | 7.91M | 5.69M |
| Deferred long term liab | - | 0.13M | - | - | - |
| Other current liab | 6.08M | 3.17M | 2.79M | 2.68M | 3.25M |
| Common stock | 0.06M | 0.03M | 0.01M | 0.39M | 0.39M |
| Capital stock | 0.06M | 0.03M | 0.01M | 0.39M | 0.39M |
| Retained earnings | -25.91M | -19.52M | -14.88M | -12.25M | -14.43M |
| Other assets | - | 0.03M | -0.03M | -0.03M | 1.44M |
| Cash | 6.70M | 2.89M | 2.29M | 0.40M | 0.35M |
| Total current liabilities | 16.21M | 6.13M | 12.02M | 7.03M | 9.50M |
| Current deferred revenue | 2.43M | 0.58M | 0.10M | 0.28M | 0.81M |
| Net debt | -2.69M | -2.10M | 2.13M | 3.03M | 1.46M |
| Short term debt | 0.08M | 0.61M | 3.81M | 1.61M | 0.40M |
| Short long term debt | - | 0.08M | 2.93M | 0.81M | 0.06M |
| Short long term debt total | 4.01M | 0.80M | 4.42M | 3.42M | 1.81M |
| Other stockholder equity | 33.43M | 29.82M | 24.90M | 19.77M | 19.73M |
| Property plant equipment | - | 1.19M | 1.84M | 2.75M | 1.35M |
| Total current assets | 23.21M | 15.20M | 19.84M | 12.98M | 13.82M |
| Net tangible assets | - | 10.33M | 10.04M | 7.91M | 5.69M |
| Net receivables | 7.58M | 2.31M | 3.04M | 6.86M | 5.62M |
| Long term debt | - | 0.06M | 0.14M | 0.48M | 1.09M |
| Inventory | 6.87M | 9.64M | 14.16M | 5.49M | 7.60M |
| Accounts payable | 7.62M | 1.77M | 5.33M | 2.46M | 5.04M |
| Accumulated other comprehensive income | 0.00M | - | - | - | - |
| Non currrent assets other | 0.18M | 0.25M | 0.09M | 0.15M | 0.15M |
| Non current assets total | 4.51M | 1.42M | 2.86M | 3.81M | 2.78M |
| Capital lease obligations | 4.01M | 0.66M | 1.35M | 2.13M | 0.66M |
| Breakdown | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 |
| Investments | -0.24M | -0.12M | -0.20M | -0.52M | -0.29M |
| Change to liabilities | -3.51M | 2.52M | -3.19M | 4.20M | -0.77M |
| Total cashflows from investing activities | -0.24M | -0.12M | -0.20M | -0.52M | -0.29M |
| Net borrowings | -2.94M | 2.21M | 0.13M | 0.19M | -0.51M |
| Total cash from financing activities | 1.18M | 4.02M | 0.08M | 0.21M | -0.50M |
| Change to operating activities | 0.99M | 4.31M | -1.97M | 0.79M | -2.85M |
| Net income | -4.64M | 0.23M | 2.17M | -2.86M | 0.63M |
| Change in cash | 0.60M | 1.89M | 0.05M | 0.13M | -0.60M |
| Begin period cash flow | 2.29M | 0.40M | 0.35M | 0.21M | 0.81M |
| End period cash flow | 2.89M | 2.29M | 0.40M | 0.35M | 0.21M |
| Total cash from operating activities | -0.33M | -2.01M | 0.17M | 0.44M | 0.19M |
| Issuance of capital stock | 3.39M | 9.00M | - | - | - |
| Depreciation | 0.23M | 0.25M | 0.30M | 0.27M | 0.26M |
| Change to inventory | 3.99M | -8.40M | 1.91M | -1.76M | 2.54M |
| Change to account receivables | 0.58M | -0.62M | -0.14M | -0.19M | 0.20M |
| Sale purchase of stock | 0.00M | -7.16M | - | - | - |
| Other cashflows from financing activities | -1.78M | 2.41M | 0.46M | 0.38M | 0.01M |
| Change to netincome | 1.99M | -0.34M | 1.03M | -0.03M | 0.17M |
| Capital expenditures | 0.24M | 0.12M | 0.20M | 0.52M | 0.29M |
| Change in working capital | 2.04M | -2.19M | -3.40M | 3.05M | -0.89M |
| Stock based compensation | 0.38M | 0.04M | 0.02M | 0.03M | 0.05M |
| Other non cash items | 0.76M | -0.34M | 0.68M | 0.48M | -0.04M |
| Free cash flow | -0.57M | -2.13M | -0.03M | -0.07M | -0.10M |
Sector: Technology Industry: Consumer Electronics
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AAPL Apple Inc. |
-1.80 0.52% |
342.37 | 34.61 | 31.15 | 8.98 | 44.31 | 9.02 | 25.71 |
| SSNLF Samsung Electronics Co Ltd |
- -% |
65.21 | 19.52 | 12.97 | 0.00 | 1.05 | 0.89 | 2.87 |
| SNEJF Sony Corp |
-0.17 0.63% |
26.98 | 21.47 | 16.47 | 0.01 | 2.65 | 1.72 | 8.01 |
| SONY Sony Group Corp |
- -% |
27.00 | 19.93 | 16.18 | 0.01 | 2.60 | 1.72 | 8.01 |
The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.
6301 NW 5th Way, Fort Lauderdale, FL, United States, 33309
954 596 1000
27
| Name | Title | Year Born |
|---|---|---|
| Mr. Gary Atkinson | CEO & Chairman | 1981 |
| Mr. Lionel Marquis | Chief Financial Officer | 1953 |
| Mr. Bernardo Melo | Chief Revenue Officer & Director | 1977 |
| Mr. Brendan Hopkins | Investor Relations Contact | NA |
| Mr. Gary Atkinson | CEO & Director | 1981 |
| Mr. Milton Charles Ault III | Executive Chairman | 1970 |
| Mr. Richard Perez | CFO & Corporate Controller | 1971 |
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