The Singing Machine Company, Inc.
(MICS)
Add Watchlist
1.18 USD +0.03
Closed: 17 May, 3:55 pm
Symbol MICS
Market Cap 7.5M
Price 1.18
Open 1.16
52-wk High 2.49
50 Day Avg 0.97
Earnings Announcement 2024-07-12
Website https://singingmachine.com
Name The Singing Machine Company, Inc.
Shares Outstanding 6,418,060
Change % 4.4248%
Low 1.03
52-wk Low 0.61
200 Day Avg 1.01
Last Dividend 0.00
Exchange NASDAQ
Volume 98,534
Previous Close 1.13
High 1.23
EPS -2.34
PE -0.50
Avg Volume 32,891
CUSIP 829322403
The Singing Machine Company, Inc. Outlook
Description 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, Europe, and Australia. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone accessories and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; 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.
Currency USD
ISIN US8293224031
Industry Consumer Electronics
Changes 0.05
CUSIP 829322403
Range 0.61 - 2.49
Beta -0.02
CIK 0000923601

The Singing Machine Company, Inc. News

03-Apr-2024 7:00 AM

Singing Machine Secures $2 Million Senior Credit Facility

Company Expands Non-Dilutive Working Capital Funding to Support Growth Fort Lauderdale, FL, April 03, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced the closing of a $2 million senior credit facility with Oxford Commercial Finance, a subsidiary of Oxford Bank. The credit facility has a 2-year term and is intended to support the funding of accounts receivable generated from ongoing sales.

27-Feb-2024 7:00 AM

Company Generates Record Subscriptions Sales for 2023 Holiday Season

Karaoke Subscription Service Generated $3.28 Million in Sales, 35% Increase Year-Over-Year Fort Lauderdale, FL, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or “the Company”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced a significant new milestone in its partnership with leading music, media and technology company, Stingray Group, Inc. (“Stingray”), for their shared karaoke subscription service. For 2023, the Stingray-Singing Machine subscription service generated a record $3.28 million in gross sales, representing a 34.8% increase over the prior calendar year subscription sales.

08-Jan-2024 8:00 AM

Singing Machine and Stingray Unveil New Karaoke Gaming & Scoring Capabilities Targeting the Automotive Market

Stingray and Singing Machine partner to debut major new automotive capabilities at CES 2024 Fort Lauderdale, FL, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced a major new milestone in its partnership with leading music, media and technology company Stingray (TSX: RAY.A, RAY.B), to launch the next-generation karaoke experience for use in the automotive space. Singing Machine will be debuting the automotive karaoke experience at the Consumer Electronics Show in Las Vegas from January 9-12, 2024 by appointment only.

27-Nov-2023 8:00 AM

Singing Machine Completes $2.0 Million Private Placement

Two Strategic Partners Invest In an Above-Market Transaction,Becoming the Second and Third Largest Shareholders. Fort Lauderdale, FL, Nov. 27, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the North American leader in consumer karaoke products -- today announced the closing of a $2.0 million private placement of shares of common stock of the Company.

23-Nov-2023 12:28 PM

The Singing Machine Company, Inc. (MICS) Q2 2024 Earnings Call Transcript

The Singing Machine Company, Inc. (NASDAQ:MICS ) Q2 2024 Results Conference Call November 21, 2023 10:00 AM ET Company Participants Gary Atkinson - CEO & Chairman Lionel Marquis - CFO Bernardo Melo - Chief Revenue Officer Operator Good morning, everyone, and welcome to Singing Machine's Second Quarter Fiscal 2024 Financial Results Earnings Call. My name is Natalie, and I will be your operator today.

21-Nov-2023 7:00 AM

Singing Machine Announces Results of Operations For Second Quarter Fiscal 2024

Fort Lauderdale, FL, Nov. 21, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the North American leader in consumer karaoke products -- today released its results of operations for the three months ended September 30, 2023. Financial highlights are as follows:

20-Nov-2023 6:25 PM

Singing Machine to Announce its Financial Results for the Second Quarter Fiscal 2024

Fort Lauderdale, FL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the worldwide leader in consumer karaoke products -- today announced that its earnings for its second quarter fiscal 2024 will be released tomorrow, Tuesday November 21, 2023. The same day Management will host a conference call at 10:00 AM Eastern time to discuss the financial results and provide a business update.

11-Sep-2023 7:00 AM

Singing Machine Unveils New Flagship Karaoke Product for Holiday Distribution Nationwide with Costco

Fully Redesigned WiFi Streaming Karaoke Product DeliversBest in Class Upgrades and Capabilities for In Home Use Fort Lauderdale, FL, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Th e Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the worldwide leader in consumer karaoke products – today launched its fully redesigned flagship karaoke machine in partnership with Costco North America in time for the upcoming holiday season.

18-Aug-2023 4:05 PM

Singing Machine Announces Results of Operations for First Quarter of Fiscal 2024

Fort Lauderdale, FL, Aug. 18, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the worldwide leader in consumer karaoke products -- today released its results of operations for the three months ended June 30, 2023. Financial highlights are as follows:

17-Aug-2023 6:52 PM

Singing Machine to Announce its Financial Results for the First Quarter Fiscal 2024

Fort Lauderdale, FL, Aug. 17, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the worldwide leader in consumer karaoke products -- today announced that its earnings for its first quarter fiscal 2024 will be released tomorrow, Friday August 18, 2023. The same day Management will host a conference call at 5:00 PM Eastern time to discuss the financial results and provide a business update.

18-Jul-2023 8:52 AM

Karaoke equipment maker Singing Machine's stock soars 47% as new party line available at 866 Walmart stores

The stock of Singing Machine Co. Inc. MICS, -3.06%, a maker of Karaoke machines, soared 47% in premarket trade Tuesday, after the company said it has launched a new party accessory product line that's available at about 866 Walmart WMT, +0.12% stores across the U.S. The line features the latest party accessory from Fort Lauderdale, Fla.-based Singing Machine, the Celebration Mic which is aimed at children's parties.