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The Singing Machine Company Inc. Common Stock

Company price
None USD 0.00(0%)
Last update at 2024-12-05T19:00:25.136293Z
Market Cap
8.99M

Momentum Score

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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.

Source: TradingView
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52 Week Price Range
0.61
Low
2.49
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
0.35
Dividend Yield
-
Revenue TTM
37.97M
Revenue Per Share
6.67
Gross Profit TTM
9.21M
Debt / Equity
0.53
ROE
-59.14%
Net Debt
-2.69M
ROCE
-32.14%
Diluted EPS TTM
-2.78

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

The Singing Machine Company Inc. Common Stock

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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