MICS - The Singing Machine Company, Inc. Stock Price, Fair Value and News

1.18USD+0.05 (+4.42%)Delayed

Market Summary

USD1.18+0.05

Delayed

4.42%

MICS Stock Price

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MICS RSI Chart

MICS Valuation

Market Cap

7.6M

Price/Earnings (Trailing)

-0.86

Price/Sales (Trailing)

0.21

EV/EBITDA

-0.41

Price/Free Cashflow

-3.42

MICS Price/Sales (Trailing)

MICS Profitability

EBT Margin

-29.99%

Return on Equity

-167.59%

Return on Assets

-44.04%

Free Cashflow Yield

-29.23%

MICS Fundamentals

MICS Revenue

Revenue (TTM)

29.0M

Rev. Growth (Yr)

-28.29%

Rev. Growth (Qtr)

-73.57%

MICS Earnings

Earnings (TTM)

-8.8M

Earnings Growth (Yr)

20.7%

Earnings Growth (Qtr)

41.35%

Breaking Down MICS Revenue

Last 7 days

24.2%

Last 30 days

59.5%

Last 90 days

76.1%

How does MICS drawdown profile look like?

MICS Financial Health

Current Ratio

1.46

MICS Investor Care

Shares Dilution (1Y)

102.62%

Diluted EPS (TTM)

-1.71

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	0	0	0	0
2023	39.3M	30.2M	29.0M	0
2022	47.5M	53.1M	52.9M	38.7M
2021	45.8M	48.8M	43.9M	48.2M
2020	38.5M	36.9M	40.1M	43.3M
2019	44.2M	43.1M	41.9M	39.6M
2018	60.8M	56.7M	52.5M	48.4M
2017	52.9M	52.0M	56.7M	61.8M
2016	48.9M	50.2M	57.3M	53.0M
2015	39.3M	40.2M	45.3M	47.9M
2014	31.4M	32.5M	37.6M	38.9M
2013	34.4M	34.1M	30.5M	30.7M
2012	25.9M	25.9M	26.1M	34.1M
2011	19.2M	18.9M	24.7M	26.4M
2010	21.3M	20.7M	20.2M	19.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of The Singing Machine Company, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Nov 21, 2023	foreman jay b	bought	1,000,000	0.91	1,098,900	-
Nov 21, 2023	stingray group inc.	bought	1,000,000	0.91	1,098,900	-
May 23, 2023	ault alliance, inc.	bought	315	1.5753	200	-
May 23, 2023	ault milton c iii	bought	315	1.5753	200	executive chairman
Apr 19, 2023	ault milton c iii	bought	504	1.68	300	executive chairman
Apr 19, 2023	ault alliance, inc.	bought	504	1.68	300	-
Mar 28, 2023	ault alliance, inc.	bought	1,025	2.05	500	-
Mar 03, 2023	ault alliance, inc.	bought	1,785	2.55	700	-
Feb 27, 2023	ault alliance, inc.	bought	288	2.885	100	-
Feb 15, 2023	ault alliance, inc.	bought	396	3.96	100	-

Which funds bought or sold MICS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	CITADEL ADVISORS LLC	sold off	-100	-11,498	-	-%
May 15, 2024	Royal Bank of Canada	reduced	-50.45	-	-	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	sold off	-100	-12,524	-	-%
May 15, 2024	PERRITT CAPITAL MANAGEMENT INC	reduced	-55.26	-57,522	38,850	0.02%
May 15, 2024	TWO SIGMA ADVISERS, LP	reduced	-11.62	-9,383	36,673	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	17.68	415	7,292	-%
May 15, 2024	Quinn Opportunity Partners LLC	added	181	79,809	131,769	0.01%
May 15, 2024	Cable Car Capital LLC	unchanged	-	-15,500	141,051	0.20%
May 15, 2024	MORGAN STANLEY	added	33.33	1.00	4.00	-%
May 13, 2024	RENAISSANCE TECHNOLOGIES LLC	sold off	-100	-17,000	-	-%

Are Funds Buying or Selling MICS?

Are funds buying MICS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MICS

No. of Funds

Unveiling The Singing Machine Company, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Dec 26, 2023	ault alliance, inc.	28.2%	1,808,000	SC 13D/A
Nov 30, 2023	regalia ventures llc	17.6%	1,132,435	SC 13D
Nov 29, 2023	ault alliance, inc.	28.2%	1,808,000	SC 13D/A
Nov 24, 2023	stingray group inc.	24.75%	1,643,347	SC 13D/A

Recent SEC filings of The Singing Machine Company, Inc.

View All Filings

Date Filed	Form Type	Document
May 15, 2024	10-Q	Quarterly Report
May 13, 2024	8-K/A	Current Report
Apr 15, 2024	10-KT	10-KT
Apr 03, 2024	8-K	Current Report
Apr 01, 2024	NT 10-K	NT 10-K
Mar 25, 2024	8-K	Current Report
Mar 01, 2024	8-K	Current Report

Peers (Alternatives to The Singing Machine Company, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.9T	381.6B	13.05%	8.50%	29.01	7.63	-0.90%	6.43%
APH	79.2B	12.8B	18.32%	73.26%	38.89	6.17	1.52%	6.35%
GLW	30.3B	12.4B	14.17%	13.04%	49.07	2.45	-9.51%	-33.28%
FTV	27.2B	6.1B	-3.77%	17.13%	30.2	4.43	3.71%	17.79%
FLEX	11.8B	28.1B	4.34%	21.12%	11.7	0.42	-5.94%	26.86%
MID-CAP
CGNX	8.2B	847.2M	22.04%	-8.33%	82.44	9.7	-8.39%	-42.67%
ARW	7.0B	31.3B	7.85%	6.15%	9.82	0.22	-14.93%	-46.67%
BMI	5.8B	740.8M	28.88%	40.20%	56.51	7.8	25.07%	42.99%
AVT	4.8B	24.7B	14.45%	25.08%	8.44	0.19	-6.09%	-33.76%
ESE	2.8B	988.8M	12.19%	14.65%	28.58	2.84	8.64%	13.26%
SMALL-CAP
CNXN	1.8B	2.8B	10.03%	54.73%	21.81	0.65	-10.09%	0.74%
BHE	1.5B	2.8B	37.18%	85.46%	22.52	0.53	-4.25%	-5.27%
GPRO	246.3M	986.2M	-7.39%	-59.95%	-0.68	0.25	-6.21%	-5303.34%
CPSH	25.8M	26.4M	2.30%	-40.07%	33.65	0.98	-2.48%	-64.63%
AEY	22.4M	56.7M	-36.44%	-0.66%	-3.8	0.59	-41.04%	-726.48%

The Singing Machine Company, Inc. News

Latest updates

The Singing Machine Company, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q3	2019Q2
Revenue	-73.6%	2,426,000	9,178,282	15,930,563	2,625,003	3,383,000	7,110,520	17,113,636	11,692,054	2,833,232	21,244,306	17,368,973	6,065,650	3,492,749	16,972,603	22,285,239	3,051,983	948,241	13,857,576	19,054,515	11,847,377	4,640,238
Gross Profit	-68.8%	502,000	1,607,264	3,733,886	848,850	819,000	1,290,529	3,853,019	3,180,530	600,362	5,309,464	3,327,304	1,577,870	537,799	4,973,963	5,823,004	962,452	372,394	2,371,056	4,614,993	-	818,904
Operating Expenses	-48.6%	2,789,000	5,425,478	3,627,936	3,279,586	2,965,000	3,573,026	3,268,368	3,033,688	2,485,369	3,615,735	2,577,291	2,067,605	2,272,754	3,481,258	3,384,465	1,733,390	2,485,322	3,260,130	3,755,659	-	1,921,008
S&GA Expenses	-70.0%	630,000	2,102,638	1,169,088	445,274	812,000	1,124,780	899,590	605,197	871,358	1,406,175	733,485	577,982	712,159	1,490,560	1,474,811	298,993	594,187	1,740,777	1,460,802	-	490,491
EBITDA Margin	-11.1%	-0.29	-0.26	-0.20	-0.18	-0.07	-0.08	0.02	0.02	0.02	0.02	0.03	0.07	0.07	0.07	-	-	-	-	-	-	-
Interest Expenses	202.6%	27,000	-26,323	52,711	6,280	24,000	107,943	185,827	158,490	168,924	128,342	124,278	125,456	31,816	287,576	127,731	12,971	17,786	105,583	47,639	-	2,875
Income Taxes	105.6%	52,000	-933,000	-	-	1,502,000	-569,000	102,000	-5,081	-191,943	102,886	174,000	-28,000	-549,300	264,000	821,040	-78,837	-347,181	-240,042	184,140	-	-238,731
Earnings Before Taxes	42.6%	-2,315,000	-4,035,854	97,535	-2,459,681	-1,483,000	-2,502,709	398,824	-21,084	-1,961,319	1,528,781	866,246	-146,708	-1,745,266	1,431,227	3,228,914	-285,641	-2,200,873	-997,991	808,362	-	-1,108,312
EBT Margin	-10.6%	-0.30	-0.27	-0.22	-0.20	-0.09	-0.11	0.00	0.01	0.01	0.01	0.01	0.06	0.06	0.05	-	-	-	-	-	-	-
Net Income	41.4%	-2,367,000	-4,035,854	97,535	-2,459,681	-2,985,000	-1,933,366	296,467	-16,003	-1,769,655	1,425,895	692,373	-118,613	-1,196,000	1,167,295	2,407,874	-206,804	-1,853,692	-757,949	624,222	-	-869,581
Net Income Margin	6.6%	-0.30	-0.32	-0.25	-0.23	-0.12	-0.09	0.00	0.01	0.00	0.02	0.01	0.05	0.05	0.04	-	-	-	-	-	-	-
Free Cashflow	-261.3%	-2,557,000	1,584,978	1,348,522	-2,590,500	1,839,000	1,255,027	503,099	-4,171,105	1,060,933	-2,537,329	-1,392,052	738,448	-106,797	835,628	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-28.2%	20.00	28.00	33.00	15.00	17.00	24.00	33.00	28.00	23.00	34.00	38.00	19.00	17.00	22.00	32.00	16.00	17.00	24.00	39.00	18.00	12.00
Current Assets	-33.1%	16.00	23.00	28.00	14.00	15.00	21.00	31.00	26.00	20.00	31.00	34.00	16.00	13.00	19.00	28.00	11.00	14.00	21.00	37.00	15.00	11.00
Cash Equivalents	-38.5%	4.00	7.00	3.00	2.00	3.00	3.00	3.00	2.00	2.00	7.00	3.00	1.00	0.00	1.00	1.00	2.00	0.00	1.00	2.00	1.00	0.00
Inventory	-5.5%	6.00	7.00	13.00	11.00	9.00	11.00	16.00	13.00	14.00	11.00	19.00	8.00	5.00	5.00	8.00	7.00	8.00	8.00	15.00	9.00	6.00
Net PPE	-12.9%	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Liabilities	-27.1%	15.00	20.00	23.00	5.00	6.00	11.00	18.00	14.00	13.00	22.00	27.00	12.00	9.00	13.00	24.00	10.00	11.00	17.00	31.00	10.00	4.00
Current Liabilities	-34.3%	11.00	16.00	19.00	5.00	6.00	11.00	18.00	14.00	12.00	21.00	26.00	10.00	7.00	11.00	21.00	7.00	10.00	16.00	30.00	10.00	4.00
Shareholder's Equity	-31.0%	5.00	8.00	10.00	10.00	10.00	13.00	15.00	14.00	10.00	12.00	10.00	8.00	8.00	9.00	8.00	5.00	6.00	8.00	8.00	8.00	9.00
Retained Earnings	-9.1%	-28.28	-25.91	-21.88	-21.98	-19.52	-16.53	-14.60	-14.89	-14.88	-13.11	-14.54	-12.37	-12.25	-11.06	-12.23	-14.63	-14.43	-12.57	-11.81	-12.44	-11.57
Additional Paid-In Capital	0.1%	33.00	33.00	32.00	31.00	30.00	30.00	30.00	29.00	25.00	25.00	25.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00
Shares Outstanding	0%	6.00	6.00	4.00	4.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	-	-	-	-	-	-	-
Float	-	-	-	-	2.00	-	-	5.00	-	-	-	5.00	-	-	-	4.00	-	-	-	4.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-261.3%	-2,557	1,585	1,374	-2,548	1,934	1,316	569	-4,149	1,101	-2,537	-1,369	794	6.00	839	-429	-244	-239	2,900	-2,240	25.00	1,686
Share Based Compensation	76.9%	19.00	11.00	36.00	63.00	74.00	76.00	196	36.00	6.00	4.00	30.00	5.00	5.00	-	-	-	5.00	5.00	5.00	18.00	10.00
Cashflow From Investing	-100.0%	-	118*	28.00	-42.50	-95.00	-61.20	-66.00	-21.80	-40.40	-	-22.06	-55.53	-112	-3.87	-39.66	-45.31	-	-304	-53.60	-159	-1*
Cashflow From Financing	-101.1%	-21.00	1,905	-79.88	1,586	-1,739	-1,439	198	4,159	-6,145	6,575	3,346	248	-320	-1,083	-263	1,749	66.00	-4,331	3,971	501	-3,055

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MICS Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net Sales	$ 2,426,000	$ 3,383,000
Cost of Goods Sold	1,924,000	2,564,000
Gross Profit	502,000	819,000
Operating Expenses
Selling expenses	630,000	812,000
General and administrative expenses	2,159,000	2,153,000
Total Operating Expenses	2,789,000	2,965,000
Loss from Operations	(2,287,000)	(2,146,000)
Other (Expenses) Income
Gain from Employee Retention Credit Program refund		704,000
Other Expense		(1,000)
Interest expense	(28,000)	(40,000)
Total Other (Expenses) Income, net	(28,000)	663,000
Loss Before Income Tax Provision	(2,315,000)	(1,483,000)
Income Tax Provision	(52,000)	(1,502,000)
Net Loss	$ (2,367,000)	$ (2,985,000)
Loss per Common Share Basic	$ (0.37)	$ (0.96)
Loss per Common Share Diluted	$ (0.37)	$ (0.96)
Weighted Average Common and Common Equivalent Shares:
Weighted Average Common and Common Equivalent Shares: Basic	6,418,061	3,114,397
Weighted Average Common and Common Equivalent Shares: Diluted	6,418,061	3,114,397

MICS Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash	$ 4,125,000	$ 6,703,000
Inventory	6,493,000	6,871,000
Returns asset	1,262,000	1,919,000
Prepaid expenses and other current assets	214,000	136,000
Total Current Assets	15,532,000	23,206,000
Property and equipment, net	352,000	404,000
Operating leases - right of use assets	3,841,000	3,926,000
Other non-current assets	179,000	179,000
Total Assets	19,904,000	27,715,000
Current Liabilities
Accounts payable	3,947,000	7,616,000
Accrued expenses	2,315,000	2,614,000
Refund due to customer	1,443,000	1,743,000
Customer prepayments	408,000	687,000
Reserve for sales returns	2,419,000	3,390,000
Other current liabilities	58,000	75,000
Current portion of operating lease liabilities	55,000	84,000
Total Current Liabilities	10,645,000	16,209,000
Other liabilities, net of current portion		3,000
Operating lease liabilities, net of current portion	4,029,000	3,925,000
Total Liabilities	14,674,000	20,137,000
Shareholders’ Equity
Preferred stock, $1.00 par value; 1,000,000 shares authorized; no shares issued and outstanding
Common stock $0.01 par value; 100,000,000 shares authorized; 6,418,061 issued and outstanding at March 31, 2024 and December 31, 2023, respectively	64,000	64,000
Additional paid-in capital	33,448,000	33,429,000
Accumulated deficit	(28,282,000)	(25,915,000)
Total Shareholders’ Equity	5,230,000	7,578,000
Total Liabilities and Shareholders’ Equity	19,904,000	27,715,000
Nonrelated Party [Member]
Current Assets
Accounts receivable	3,305,000	7,308,000
Related Party [Member]
Current Assets
Accounts receivable	$ 133,000	$ 269,000

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, 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 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.

CEO	Mr. Gary Atkinson
WEBSITE	https://singingmachine.com
INDUSTRY	Consumer Electronics
EMPLOYEES	37

The Singing Machine Company, Inc. Frequently Asked Questions

What is the ticker symbol for The Singing Machine Company, Inc.? What does MICS stand for in stocks?

MICS is the stock ticker symbol of The Singing Machine Company, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of The Singing Machine Company, Inc. (MICS)?

As of Fri May 17 2024, market cap of The Singing Machine Company, Inc. is 7.57 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MICS stock?

You can check MICS's fair value in chart for subscribers.

What is the fair value of MICS stock?

You can check MICS's fair value in chart for subscribers. The fair value of The Singing Machine Company, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of The Singing Machine Company, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MICS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is The Singing Machine Company, Inc. a good stock to buy?

The fair value guage provides a quick view whether MICS is over valued or under valued. Whether The Singing Machine Company, Inc. is cheap or expensive depends on the assumptions which impact The Singing Machine Company, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MICS.

What is The Singing Machine Company, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MICS's PE ratio (Price to Earnings) is -0.86 and Price to Sales (PS) ratio is 0.21. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MICS PE ratio will change depending on the future growth rate expectations of investors.