See more : Goodtech ASA (GOD.OL) Income Statement Analysis – Financial Results
Complete financial analysis of The Singing Machine Company, Inc. (MICS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Singing Machine Company, Inc., a leading company in the Consumer Electronics industry within the Technology sector.
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The Singing Machine Company, Inc. (MICS)
About The Singing Machine Company, Inc.
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.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.93M | 39.30M | 47.51M | 45.80M | 41.42M | 46.48M | 60.81M | 52.92M | 48.86M | 39.31M | 31.38M | 34.44M | 25.94M | 19.17M | 21.28M | 31.78M | 34.07M | 26.73M | 32.31M | 38.21M | 70.54M | 95.61M | 61.83M | 34.31M | 19.03M | 9.55M | 6.23M | 10.67M | 5.20M |
| Cost of Revenue | 30.68M | 30.09M | 36.70M | 33.51M | 30.32M | 34.71M | 45.14M | 39.08M | 36.94M | 31.00M | 24.27M | 26.37M | 20.29M | 14.92M | 17.29M | 25.84M | 26.39M | 20.62M | 25.22M | 28.95M | 68.28M | 72.33M | 41.45M | 22.17M | 13.61M | 7.03M | 5.05M | 9.15M | 4.79M |
| Gross Profit | 8.25M | 9.21M | 10.81M | 12.30M | 11.10M | 11.77M | 15.67M | 13.84M | 11.92M | 8.31M | 7.11M | 8.07M | 5.65M | 4.24M | 3.99M | 5.94M | 7.68M | 6.12M | 7.08M | 9.26M | 2.26M | 23.28M | 20.38M | 12.13M | 5.42M | 2.52M | 1.18M | 1.53M | 404.70K |
| Gross Profit Ratio | 21.20% | 23.43% | 22.76% | 26.85% | 26.79% | 25.33% | 25.77% | 26.15% | 24.40% | 21.14% | 22.65% | 23.43% | 21.78% | 22.15% | 18.74% | 18.70% | 22.54% | 22.88% | 21.92% | 24.25% | 3.21% | 24.35% | 32.96% | 35.37% | 28.48% | 26.38% | 18.90% | 14.33% | 7.79% |
| Research & Development | 0.00 | 100.00K | 100.00K | 100.00K | 100.00K | 100.00K | 200.00K | 141.20K | 196.85K | 114.53K | 200.55K | 70.87K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.53M | 9.24M | 6.91M | 6.53M | 6.56M | 5.79M | 6.37M | 5.65M | 5.15M | 4.51M | 4.26M | 3.31M | 2.54M | 2.58M | 3.39M | 4.35M | 0.00 | 4.95B | 9.07M | 10.29M | 19.67M | 16.64M | 9.77M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 4.96M | 3.44M | 3.59M | 3.98M | 7.20M | 5.12M | 4.88M | 5.04M | 4.66M | 3.10M | 2.40M | 3.08M | 2.47M | 1.84M | 3.11M | 3.16M | 0.00 | 2.31B | 168.74K | 597.82K | 2.34M | 5.03M | 2.38M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.44M | 12.68M | 10.50M | 10.51M | 13.77M | 10.91M | 11.25M | 10.68M | 9.81M | 7.61M | 6.66M | 6.39M | 5.01M | 4.41M | 6.50M | 7.51M | 7.21M | 7.26M | 9.24M | 10.88M | 22.01M | 21.67M | 12.14M | 6.81M | 3.78M | 1.54M | 2.28M | 2.37M | 2.51M |
| Other Expenses | 0.00 | 228.00K | 245.89K | 298.36K | 269.11K | 259.66K | 219.97K | 166.03K | 171.79K | 130.25K | 168.14K | 110.27K | 171.82K | 430.12K | 439.43K | 459.35K | 311.27K | 556.05K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 116.37K | 0.00 | 358.27K | 2.59M | 1.34M |
| Operating Expenses | 16.39M | 12.91M | 10.75M | 10.81M | 14.04M | 11.17M | 11.47M | 10.85M | 9.98M | 7.74M | 6.83M | 6.50M | 5.18M | 4.84M | 6.94M | 7.97M | 7.52M | 7.82M | 9.24M | 10.88M | 22.01M | 21.67M | 12.14M | 6.81M | 3.90M | 1.54M | 2.64M | 4.96M | 3.84M |
| Cost & Expenses | 47.06M | 43.00M | 47.44M | 44.31M | 44.36M | 45.88M | 56.60M | 49.93M | 46.92M | 38.74M | 31.10M | 32.87M | 25.47M | 19.76M | 24.23M | 33.80M | 33.91M | 28.43M | 34.46M | 39.83M | 90.29M | 94.00M | 53.59M | 28.98M | 17.51M | 8.57M | 7.69M | 14.10M | 8.63M |
| Interest Income | 398.67K | 479.32K | 580.25K | 473.97K | 254.04K | 257.93K | 0.00 | 0.00 | 0.00 | 901.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 432.70K | 535.20K | 412.27K | 240.71K | 244.59K | 273.39K | 189.23K | 261.06K | 253.28K | 53.45K | 48.42K | 7.80K | 20.87K | 94.98K | 131.76K | 154.67K | 13.33K | 0.00 | 1.97M | 2.17M | 197.65K | 50.82K | 839.57K | 947.98K | 219.50K | 121.08K | 447.24K | 412.71K |
| Depreciation & Amortization | 382.67K | 228.00K | 245.89K | 298.36K | 269.11K | 259.66K | 219.97K | 166.03K | 171.79K | 130.25K | 168.14K | 110.27K | 171.82K | 430.12K | 439.43K | 459.35K | 311.27K | 556.05K | 2.55M | 1.65M | 1.66M | 622.30K | 394.46K | 301.06K | 116.37K | 144.23K | 177.27K | 400.08K | 226.95K |
| EBITDA | -7.81M | -3.47M | 281.31K | 3.34M | -2.98M | 1.30M | 1.19M | 3.08M | 2.03M | 646.40K | 447.10K | 1.68M | 642.73K | -168.56K | -2.52M | -1.56M | 467.66K | -1.03M | 388.44K | 27.92K | -18.54M | 2.24M | 8.63M | 5.33M | 1.64M | 1.12M | -1.29M | -1.42M | -2.81M |
| EBITDA Ratio | -20.06% | -7.16% | 0.59% | 4.25% | -6.49% | 1.83% | 7.23% | 5.82% | 4.16% | 1.64% | 1.42% | 4.88% | 2.48% | -0.88% | -11.83% | -4.92% | 1.45% | -4.39% | -6.09% | -0.46% | -25.05% | 2.13% | 13.89% | 17.77% | 13.10% | 13.98% | -18.71% | -10.67% | -49.23% |
| Operating Income | -8.19M | -3.70M | 35.42K | 1.43M | -2.94M | 1.05M | 1.00M | 2.99M | 1.94M | 568.61K | 278.97K | 1.57M | 470.91K | -598.67K | -2.96M | -2.02M | 156.38K | -1.70M | -2.16M | -1.62M | -20.20M | 1.61M | 8.24M | 5.03M | 1.53M | 973.65K | -1.46M | -3.43M | -3.44M |
| Operating Income Ratio | -21.04% | -9.41% | 0.07% | 3.11% | -7.10% | 2.26% | 1.65% | 5.64% | 3.96% | 1.45% | 0.89% | 4.56% | 1.82% | -3.12% | -13.89% | -6.36% | 0.46% | -6.37% | -6.68% | -4.24% | -28.63% | 1.69% | 13.32% | 14.65% | 8.02% | 10.20% | -23.50% | -32.11% | -66.18% |
| Total Other Income/Expenses | -340.00K | 90.30K | 218.78K | 1.20M | -254.04K | -257.93K | -304.99K | -263.31K | -335.14K | -305.75K | -53.45K | -48.42K | -7.80K | -20.88K | -94.98K | -131.75K | -154.67K | -126.24K | 254.17K | -1.97M | -1.73M | -197.65K | -50.82K | -839.57K | -947.98K | -219.50K | -121.08K | -447.24K | -412.71K |
| Income Before Tax | -8.53M | -3.61M | 287.78K | 2.63M | -3.50M | 791.03K | 697.36K | 2.72M | 1.60M | 262.86K | 225.52K | 1.52M | 463.12K | -619.55K | -3.05M | -2.15M | 1.71K | -1.71M | -1.91M | -3.59M | -21.92M | 1.42M | 8.18M | 4.19M | 577.69K | 754.16K | -1.59M | -3.88M | -3.85M |
| Income Before Tax Ratio | -21.91% | -9.18% | 0.61% | 5.74% | -8.45% | 1.70% | 1.15% | 5.15% | 3.28% | 0.67% | 0.72% | 4.42% | 1.79% | -3.23% | -14.34% | -6.78% | 0.01% | -6.42% | -5.90% | -9.40% | -31.08% | 1.48% | 13.24% | 12.21% | 3.04% | 7.90% | -25.44% | -36.30% | -74.12% |
| Income Tax Expense | 1.03M | 1.03M | 57.30K | 456.87K | -641.81K | 159.48K | 544.88K | 1.02M | -101.38K | 92.70K | -778.80K | -1.62M | 7.80K | 20.87K | 94.98K | 36.65K | 154.67K | -2.45M | -254.17K | 1.97M | 758.51K | 198.77K | 119.28K | 23.32K | -160.30K | -170.00K | -557.53K | 447.24K | 412.71K |
| Net Income | -8.53M | -4.64M | 230.00K | 2.17M | -2.86M | 631.55K | 152.49K | 1.71M | 1.70M | 170.16K | 1.00M | 3.14M | 463.12K | -619.55K | -3.05M | -2.19M | 1.71K | 738.59K | -1.91M | -3.59M | -22.68M | 1.22M | 8.07M | 4.16M | 737.99K | 924.16K | -906.59K | -3.88M | -3.85M |
| Net Income Ratio | -21.91% | -11.80% | 0.48% | 4.74% | -6.90% | 1.36% | 0.25% | 3.22% | 3.49% | 0.43% | 3.20% | 9.12% | 1.79% | -3.23% | -14.34% | -6.89% | 0.01% | 2.76% | -5.90% | -9.40% | -32.16% | 1.27% | 13.04% | 12.14% | 3.88% | 9.68% | -14.55% | -36.30% | -74.12% |
| EPS | -1.76 | -1.65 | 0.14 | 1.68 | -2.22 | 0.49 | 0.12 | 1.20 | 1.20 | 0.13 | 0.90 | 2.48 | 0.30 | -0.49 | -2.44 | -2.01 | -0.15 | 0.90 | -5.70 | -11.83 | -79.44 | 4.50 | 26.40 | 17.70 | 4.64 | 7.47 | -48.56 | -275.18 | -274.46 |
| EPS Diluted | -1.75 | -1.65 | 0.14 | 1.67 | -2.22 | 0.48 | 0.12 | 1.20 | 1.20 | 0.13 | 0.90 | 2.46 | 0.30 | -0.49 | -2.44 | -2.01 | -0.15 | 0.90 | -5.70 | -11.83 | -79.44 | 4.20 | 23.70 | 15.00 | 3.79 | 7.13 | -48.56 | -275.18 | -274.46 |
| Weighted Avg Shares Out | 4.85M | 2.81M | 1.61M | 1.29M | 1.28M | 1.28M | 1.28M | 1.27M | 1.27M | 1.27M | 1.27M | 1.27M | 1.26M | 1.26M | 1.25M | 1.09M | 997.53K | 704.83K | 334.30K | 303.74K | 285.54K | 270.48K | 238.64K | 208.83K | 136.30K | 123.77K | 18.67K | 14.08K | 14.03K |
| Weighted Avg Shares Out (Dil) | 4.86M | 2.81M | 1.62M | 1.30M | 1.28M | 1.31M | 1.32M | 1.31M | 1.29M | 1.29M | 1.29M | 1.28M | 1.26M | 1.26M | 1.25M | 1.09M | 1.03M | 825.13K | 334.30K | 303.74K | 285.54K | 297.71K | 264.78K | 246.42K | 167.09K | 129.61K | 18.67K | 14.08K | 14.03K |
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