The Singing Machine Company, Inc. (MICS)

NASDAQ: MICS · IEX Real-Time Price · USD
1.400
+0.050 (3.70%)
At close: May 24, 2024, 4:00 PM
1.310
-0.090 (-6.43%)
After-hours: May 24, 2024, 7:11 PM EDT
3.70%
Market Cap 8.99M
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 71,695
Open 1.390
Previous Close 1.350
Day's Range 1.400 - 1.400
52-Week Range 0.610 - 2.490
Beta -0.02
Analysts Strong Buy
Price Target 4.00 (+185.71%)
Earnings Date May 15, 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]

Sector Technology
IPO Date Nov 10, 1994
Employees 27
Stock Exchange NASDAQ
Ticker Symbol MICS
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for MICS stock is "Strong Buy" and the 12-month stock price forecast is $4.0.

Price Target
$4.0
(185.71% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

4 days ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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”)...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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 -...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

11 months ago - Market Watch

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

11 months ago - GlobeNewsWire

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 -...

11 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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 -...

11 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 --...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 -...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

Singing Machine to Announce its Financial Results for the Second Quarter Fiscal 2023

Fort Lauderdale, FL, Nov. 10, 2022 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the North American leader in consumer karaoke products -...

1 year ago - GlobeNewsWire