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Last $0.18 USD
Change Today 0.00 / 0.00%
Volume 0.0
SMDM On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

singing machine co inc/the (SMDM) Snapshot

Open
$0.16
Previous Close
$0.18
Day High
$0.18
Day Low
$0.16
52 Week High
11/12/14 - $0.24
52 Week Low
07/8/15 - $0.12
Market Cap
6.9M
Average Volume 10 Days
12.2K
EPS TTM
$0.01
Shares Outstanding
38.1M
EX-Date
--
P/E TM
15.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for SINGING MACHINE CO INC/THE (SMDM)

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singing machine co inc/the (SMDM) Details

The Singing Machine Company, Inc., doing business as SMC Global, develops, produces, distributes, and markets consumer karaoke audio equipment, accessories, music, and audio consumer electronic products in North America, Europe, and Australia. The company offers classic karaoke machines that incorporate traditional karaoke features, as well as built-in cameras, Bluetooth, and recording functions; and streaming karaoke machines, which include a line of digital karaoke machines that connect to a karaoke library to stream high-definition karaoke videos directly to the machine, and use Wi-Fi to stream songs from a library of karaoke music, accessible on a subscription model. It also provides consumer Bluetooth audio products for outdoor and home use under the Sound X brand. In addition, the company develops download karaoke machines, a line of digital karaoke machines that include custom proprietary software to play high-definition digital downloaded content from its Singing Machine download store. The Singing Machine Company, Inc. sells its products primarily through mass merchandisers, department stores, direct mail catalogs and showrooms, music and record stores, national chains, specialty stores, and warehouse clubs. The company was founded in 1982 and is headquartered in Fort Lauderdale, Florida.

25 Employees
Last Reported Date: 06/29/15
Founded in 1982

singing machine co inc/the (SMDM) Top Compensated Officers

Chief Executive Officer and General Counsel
Total Annual Compensation: $108.0K
Chief Financial Officer
Total Annual Compensation: $121.7K
Vice President of Global Sales and Marketing
Total Annual Compensation: $214.7K
Compensation as of Fiscal Year 2015.

singing machine co inc/the (SMDM) Key Developments

The Singing Machine Company, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended June 30, 2015

The Singing Machine Company, Inc. announced unaudited consolidated financial results for the first quarter ended June 30, 2015. For the quarter, the company reported net sales of approximately $3.5 million, up from approximately $2.5 million reported for the same period last year (an increase of 40%). The increase in Net Sales were attributable to spring inventory replenishment by some of the company’s major retailers now carrying Singing Machine products year-around and sales to a new international distributor. Loss from operations was $738,620 against $787,578 a year ago. Loss before income tax benefit was $807,251 against $789,420 a year ago. Net loss was $494,926 against $499,529 a year ago. Loss per basic and diluted common share was $0.01 against $0.01 a year ago. Net cash used in operating activities was $1,382,043 against $1,037,701 a year ago. Purchase of property and equipment was $42,157 against $33,013 a year ago.

The Singing Machine Company, Inc. Announces Audited Earnings Results for the Year Ended March 31, 2015

The Singing Machine Company, Inc. announced audited earnings results for the year ended March 31, 2015. For the year, the company reported revenue was HKD 306,605,000 against HKD 244,761,000 a year ago. Profit and total comprehensive income for the year was HKD 1,328,000 against HKD 9,697,000 a year ago. Net cash outflow from operating activities was HKD 8,780,000 against HKD 1,101,000 a year ago.

Singing Machine(R) Announces All New Digital Line of Karaoke Products for Fall 2015

The Singing Machine Company, Inc. announced the launch of its new Digital Download Karaoke Series of products for Fall 2015. The Digital Download Lineup represents an upgraded version of the Company's Classic Karaoke Series, packed with notable new features that include: ability to play High-Definition karaoke videos, easy access to download from a library of over 10,000+ high-definition karaoke videos, and a pre-loaded 8GB Singing Machine USB Flash Drive to store songs or recordings. In addition, the Digital Karaoke Series provides the ability to search, sort, and create custom playlists to easily find and play the songs love. The new Digital Download line of karaoke products will support Bluetooth, audio streaming and is compatible with the Singing Machine Mobile Karaoke App (available on iOS). It can also output audio and video to TV via HDMI for scrolling lyrics. Singers will also love the ability to turn lead vocal on/off and the ability to record performances and easily share them online with friends. Finally, on select models, control the action right from the interactive Microphone-Remote. It will no longer have to purchase a CD+G karaoke disc or burn a CD to find and sing favorite songs. It is the perfect way to Create Joy Through Music with hours of entertainment for friends, families and co-workers.

 

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SMDM

Industry Average

Valuation SMDM Industry Range
Price/Earnings 39.8x
Price/Sales 0.2x
Price/Book 2.0x
Price/Cash Flow 21.9x
TEV/Sales 0.0x
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