The Singing Machine Company, Inc. (MICS)
| Market Cap | 7.25M |
| Revenue (ttm) | 31.62M |
| Net Income (ttm) | -8.77M |
| Shares Out | 6.42M |
| EPS (ttm) | -1.73 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,943 |
| Open | 1.118 |
| Previous Close | 1.120 |
| Day's Range | 1.100 - 1.145 |
| 52-Week Range | 0.610 - 2.490 |
| Beta | 0.09 |
| Analysts | Strong Buy |
| Price Target | 4.00 (+253.98%) |
| Earnings Date | Aug 16, 2024 |
About MICS
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 ... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MICS stock is "Strong Buy" and the 12-month stock price forecast is $4.0.
News
Singing Machine to Acquire SemiCab, a Leading AI Logistics Technology Company
SemiCab Generated $6 Million Revenue in 2023 Fort Lauderdale, FL, June 12, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consu...
Company Announces Strategic Alternatives
Fort Lauderdale, FL, May 23, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced its Exec...
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) – th...
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” o...
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”)...
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 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 -...
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 -- tod...
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, In...
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 -- tod...
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 -- tod...
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...
Singing Machine Announces Expanded Retail Presence with Walmart
Walmart Celebrations Party & Occasions Department to T est N ew Singing Machine Party Accessory in 866 S tores N ationwide
Singing Machine Announces Financial Results for Full Fiscal Year Ended 2023
Fort Lauderdale, FL, July 14, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ( the “Singing Machine” or the “Company”) (NASDAQ: MICS) -- the worldwide leader in consumer karaoke products -...
Singing Machine Announces Updated Time for Earnings Call
Fort Lauderdale, FL, July 13, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the worldwide leader in consumer karaoke products -- tod...
Singing Machine Announces New Partnership with Vendo Commerce to Grow Amazon Sales
Fort Lauderdale, FL, June 29, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the North American leader in consumer karaoke products -...
CARE-EOKE BY SINGING MACHINE AND RYAN SEACREST FOUNDATION PARTNER TO BRING KARAOKE AND JOY THROUGH MUSIC TO CHILDREN'S HOSPITALS NATIONWIDE
Fort Lauderdale, FL, June 08, 2023 (GLOBE NEWSWIRE) -- Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS), the worldwide leader in karaoke products, announces a partners...
Stingray Reports Fourth Quarter and Full Year Results for Fiscal 2023
Adjusted EBITDA for the Broadcasting and Commercial Music Division up by 40.6% in the fourth quarter. Adjusted EBITDA for the Broadcasting and Commercial Music Division up by 40.6% in the fourth quart...
SINGING MACHINE ANNOUNCES NEW CARE-EOKE™ INITIATIVE AND SOCIAL GOOD MISSION ON NATIONAL SING-OUT DAY
New Social Impact Initiative and Strategic Partnerships Aimed to Improve Mental and Physical Health, and Bring Joy Through Music to Seniors, Neurodiverse Populations, Workplace Wellness Programs and L...
Singing Machine Announces Termination of its At-the-Market Equity Program
Fort Lauderdale, FL, May 16, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the North American leader in consumer karaoke products --...
Singing Machine Elects to Expand its Board of Directors
The Company adds Milton “Todd” Ault and Henry Nisser to the Board and Appoints Mr. Ault as Executive Chairman
Singing Machine's Products Announced as Winners in Rolling Stone Audio Awards
Fort Lauderdale, FL, March 20, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Compa ny, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products – tod...
Singing Machine to Announce its Financial Results for the Third Quarter Fiscal 2023
Fort Lauderdale, FL, Feb. 16, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the North American leader in consumer karaoke products -...
Stingray Reports Third Quarter Results for Fiscal 2023 Adjusted EBITDA(2) for the Broadcasting and Commercial Music Division up by 54.8%
MONTREAL, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY.A; RAY.B) (the “Corporation”; “Stingray”), a leading distributor of audio and video music brands in the world, announced today...
Singing Machine and Stingray Announce First Globally Available Fully-Integrated Automotive Karaoke System
The In-Car Karaoke Solution Will Debut in Booth #17293 at CES