MICS
Income statement / Annual
Last year (2024), The Singing Machine Company, Inc.'s total revenue was $38.93 M,
a decrease of 0.94% from the previous year.
In 2024, The Singing Machine Company, Inc.'s net income was -$8.53 M.
See The Singing Machine Company, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2023 |
03/31/2023 |
03/31/2022 |
03/31/2021 |
03/31/2020 |
03/31/2019 |
03/31/2018 |
03/31/2017 |
03/31/2016 |
03/31/2015 |
| Operating Revenue |
$38.93 M |
$39.30 M |
$47.51 M |
$45.80 M |
$41.42 M |
$46.48 M |
$60.81 M |
$52.92 M |
$48.86 M |
$39.31 M |
| Cost of Revenue |
$30.68 M
|
$30.09 M
|
$36.70 M
|
$33.51 M
|
$30.32 M
|
$34.71 M
|
$45.14 M
|
$39.08 M
|
$36.94 M
|
$31.00 M
|
| Gross Profit |
$8.25 M
|
$9.21 M
|
$10.81 M
|
$12.30 M
|
$11.10 M
|
$11.77 M
|
$15.67 M
|
$13.84 M
|
$11.92 M
|
$8.31 M
|
| Gross Profit Ratio |
0.21
|
0.23
|
0.23
|
0.27
|
0.27
|
0.25
|
0.26
|
0.26
|
0.24
|
0.21
|
| Research and Development Expenses |
$0.00
|
$100,000.00
|
$100,000.00
|
$100,000.00
|
$100,000.00
|
$100,000.00
|
$200,000.00
|
$141,202.00
|
$196,847.00
|
$114,526.00
|
| General & Administrative Expenses |
$10.53 M
|
$9.24 M
|
$6.91 M
|
$6.53 M
|
$6.56 M
|
$5.79 M
|
$6.37 M
|
$5.65 M
|
$5.15 M
|
$4.51 M
|
| Selling & Marketing Expenses |
$4.96 M
|
$3.44 M
|
$3.59 M
|
$3.98 M
|
$7.20 M
|
$5.12 M
|
$4.88 M
|
$5.04 M
|
$4.66 M
|
$3.10 M
|
| Selling, General & Administrative Expenses |
$16.44 M
|
$12.68 M
|
$10.50 M
|
$10.51 M
|
$13.77 M
|
$10.91 M
|
$11.25 M
|
$10.68 M
|
$9.81 M
|
$7.61 M
|
| Other Expenses |
$0.00
|
$228,004.00
|
$245,890.00
|
$298,357.00
|
$269,107.00
|
$259,662.00
|
$219,968.00
|
$166,025.00
|
$171,785.00
|
$130,254.00
|
| Operating Expenses |
$16.39 M
|
$12.91 M
|
$10.75 M
|
$10.81 M
|
$14.04 M
|
$11.17 M
|
$11.47 M
|
$10.85 M
|
$9.98 M
|
$7.74 M
|
| Cost And Expenses |
$47.06 M
|
$43.00 M
|
$47.44 M
|
$44.31 M
|
$44.36 M
|
$45.88 M
|
$56.60 M
|
$49.93 M
|
$46.92 M
|
$38.74 M
|
| Interest Income |
$398,667.00
|
$479,318.00
|
$580,249.00
|
$473,969.00
|
$254,042.00
|
$257,927.00
|
$0.00
|
$0.00
|
$0.00
|
$901.00
|
| Interest Expense |
$0.00
|
$432,700.00
|
$535,202.00
|
$412,270.00
|
$240,709.00
|
$244,593.00
|
$273,385.00
|
$189,230.00
|
$261,061.00
|
$253,282.00
|
| Depreciation & Amortization |
$382,666.00
|
$228,004.00
|
$245,890.00
|
$298,357.00
|
$269,107.00
|
$259,662.00
|
$219,968.00
|
$166,025.00
|
$171,785.00
|
$130,254.00
|
| EBITDA |
-$7.81 M |
-$3.47 M |
$281,314.00 |
$3.34 M |
-$2.98 M |
$1.30 M |
$1.19 M |
$3.08 M |
$2.03 M |
$646,395.00 |
| EBITDA Ratio |
-0.2
|
-0.07
|
0.01
|
0.04
|
-0.06
|
0.02
|
0.07
|
0.06
|
0.04
|
0.02
|
| Operating Income Ratio |
-0.21
|
-0.09
|
0
|
0.03
|
-0.07
|
0.02
|
0.02
|
0.06
|
0.04
|
0.01
|
| Total Other Income/Expenses Net |
-$340,001.00
|
$90,296.00
|
$218,775.00
|
$1.20 M
|
-$254,042.00
|
-$257,927.00
|
-$304,991.00
|
-$263,307.00
|
-$335,138.00
|
-$305,753.00
|
| Income Before Tax |
-$8.53 M
|
-$3.61 M
|
$287,775.00
|
$2.63 M
|
-$3.50 M
|
$791,027.00
|
$697,363.00
|
$2.72 M
|
$1.60 M
|
$262,859.00
|
| Income Before Tax Ratio |
-0.22
|
-0.09
|
0.01
|
0.06
|
-0.08
|
0.02
|
0.01
|
0.05
|
0.03
|
0.01
|
| Income Tax Expense |
$1.03 M
|
$1.03 M
|
$57,304.00
|
$456,869.00
|
-$641,814.00
|
$159,480.00
|
$544,877.00
|
$1.02 M
|
-$101,376.00
|
$92,701.00
|
| Net Income |
-$8.53 M
|
-$4.64 M
|
$230,000.00
|
$2.17 M
|
-$2.86 M
|
$631,547.00
|
$152,486.00
|
$1.71 M
|
$1.70 M
|
$170,158.00
|
| Net Income Ratio |
-0.22
|
-0.12
|
0
|
0.05
|
-0.07
|
0.01
|
0
|
0.03
|
0.03
|
0
|
| EPS |
-1.76 |
-1.65 |
0.14 |
1.68 |
-2.22 |
0.49 |
0.12 |
1.2 |
1.2 |
0.13 |
| EPS Diluted |
-1.75 |
-1.65 |
0.14 |
1.67 |
-2.22 |
0.48 |
0.12 |
1.2 |
1.2 |
0.13 |
| Weighted Average Shares Out |
$4.85 M
|
$2.81 M
|
$1.61 M
|
$1.29 M
|
$1.28 M
|
$1.28 M
|
$1.28 M
|
$1.27 M
|
$1.27 M
|
$1.27 M
|
| Weighted Average Shares Out Diluted |
$4.86 M
|
$2.81 M
|
$1.62 M
|
$1.30 M
|
$1.28 M
|
$1.31 M
|
$1.32 M
|
$1.31 M
|
$1.29 M
|
$1.29 M
|
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