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

1.01USD-0.02 (-1.94%)Market Closed

Market Summary

USD1.01-0.02

Market Closed

-1.94%

MICS Stock Price

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MICS RSI Chart

MICS Valuation

Market Cap

6.5M

Price/Earnings (Trailing)

-0.69

Price/Sales (Trailing)

0.2

EV/EBITDA

0.03

Price/Free Cashflow

2.97

MICS Price/Sales (Trailing)

MICS Profitability

EBT Margin

-24.19%

Return on Equity

-123.83%

Return on Assets

-33.86%

Free Cashflow Yield

33.66%

MICS Fundamentals

MICS Revenue

Revenue (TTM)

32.6M

Rev. Growth (Yr)

49.67%

Rev. Growth (Qtr)

-33.19%

MICS Earnings

Earnings (TTM)

-9.4M

Earnings Growth (Yr)

-108.75%

Earnings Growth (Qtr)

-4.2K%

Breaking Down MICS Revenue

Last 7 days

36.5%

Last 30 days

4.1%

Last 90 days

48.5%

How does MICS drawdown profile look like?

MICS Financial Health

Current Ratio

1.43

MICS Investor Care

Shares Dilution (1Y)

103.86%

Diluted EPS (TTM)

-2.41

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
2023	39.3M	30.2M	29.0M	32.6M
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

GRUFITY'S FAIR VALUE MODEL

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>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
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
Feb 20, 2024	Cable Car Capital LLC	new	-	156,551	156,551	0.16%
Feb 14, 2024	CITADEL ADVISORS LLC	new	-	11,498	11,498	-%
Feb 14, 2024	Royal Bank of Canada	added	101	-	-	-%
Feb 14, 2024	TWO SIGMA INVESTMENTS, LP	reduced	-62.19	-20,596	12,524	-%
Feb 14, 2024	PERRITT CAPITAL MANAGEMENT INC	reduced	-33.61	-48,783	96,372	0.05%
Feb 14, 2024	TWO SIGMA ADVISERS, LP	reduced	-32.54	-22,208	46,056	-%
Feb 13, 2024	RENAISSANCE TECHNOLOGIES LLC	new	-	17,000	17,000	-%
Feb 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	282	14,503	-%
Feb 13, 2024	Tower Research Capital LLC (TRC)	added	36.21	1,828	6,877	-%
Feb 13, 2024	Quinn Opportunity Partners LLC	added	24.13	10,104	51,960	-%

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
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	2.6T	385.7B	-2.32%	0.52%	25.91	6.78	-0.47%	6.03%
APH	72.3B	12.8B	4.50%	61.10%	35.48	5.63	1.52%	6.35%
FTV	26.7B	6.1B	-11.68%	19.45%	30.89	4.36	3.71%	14.65%
GLW	26.7B	12.6B	-5.15%	-4.37%	44.59	2.12	-11.28%	-55.18%
FLEX	12.2B	29.4B	1.19%	43.56%	16.2	0.42	-1.12%	-8.06%
MID-CAP
CGNX	7.0B	837.5M	-4.40%	-15.17%	61.55	8.32	-16.75%	-47.46%
ARW	6.9B	33.1B	-1.16%	14.50%	7.65	0.21	-10.82%	-36.63%
BMI	5.5B	740.8M	15.23%	39.67%	53.3	7.36	25.07%	42.99%
AVT	4.5B	25.6B	1.31%	23.33%	6.76	0.18	-2.73%	-21.96%
ESE	2.7B	968.8M	-0.54%	12.23%	29.23	2.81	9.35%	8.73%
SMALL-CAP
CNXN	1.7B	2.9B	-2.87%	59.27%	20.21	0.59	-8.78%	-6.67%
BHE	1.1B	2.8B	3.84%	47.53%	17.44	0.4	-1.64%	-5.74%
GPRO	263.8M	1.0B	-22.87%	-59.91%	-4.96	0.26	-8.05%	-284.36%
AEY	34.4M	56.7M	-10.16%	49.35%	-3.8	0.59	-41.04%	-726.48%
CPSH	25.7M	27.6M	-5.85%	-33.21%	18.75	0.93	3.62%	-35.71%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q3	2019Q2	2019Q1
Revenue	-33.2%	10,642,434	15,930,563	2,625,003	3,383,070	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	12,046,344
Gross Profit	-57.0%	1,607,264	3,733,886	848,850	829,041	1,290,529	3,853,019	3,180,530	600,140	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	549,000
Operating Expenses	49.5%	5,425,478	3,627,936	3,279,586	2,976,321	3,573,026	3,268,368	3,033,688	2,484,912	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	-644,443
S&GA Expenses	79.9%	2,102,638	1,169,088	445,274	812,408	1,124,780	899,590	605,197	870,634	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	-1,865,736
EBITDA Margin	-20.0%	-0.24	-0.20	-0.18	-0.07	-0.08	0.02	0.02	0.02	0.02	0.03	0.07	0.07	0.07	0.01	-	-	-	-	-	-	-
Interest Expenses	-149.9%	-26,323	52,711	6,280	24,447	107,943	185,827	158,490	168,469	128,342	124,278	125,456	31,816	287,576	127,731	12,971	17,786	105,583	47,639	-	2,875	9,303
Income Taxes	-	-	-	-	1,502,336	-569,000	102,357	-5,081	-191,480	103,000	174,000	-28,095	-549,232	264,000	821,040	-78,837	-347,181	-240,042	184,140	-	-238,731	-262,520
Earnings Before Taxes	-4237.9%	-4,035,854	97,535	-2,459,681	-1,483,019	-2,502,709	398,824	-21,084	-1,960,544	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	-1,104,264
EBT Margin	-10.7%	-0.24	-0.22	-0.20	-0.09	-0.11	0.00	0.01	0.01	0.01	0.01	0.06	0.06	0.05	-0.01	-	-	-	-	-	-	-
Net Income	-4237.9%	-4,035,854	97,535	-2,459,681	-2,985,560	-1,933,366	296,467	-16,003	-1,769,184	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	-841,000
Net Income Margin	-14.9%	-0.29	-0.25	-0.23	-0.12	-0.09	0.00	0.01	0.00	0.02	0.01	0.05	0.05	0.04	-0.01	-	-	-	-	-	-	-
Free Cashflow	17.5%	1,584,799	1,348,701	-2,590,500	1,838,666	1,255,339	503,099	-4,171,105	1,061,430	-2,537,329	-1,392,052	738,448	-106,797	835,628	-469,635	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-14.9%	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	21.00
Current Assets	-16.5%	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	20.00
Cash Equivalents	108.6%	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	2.00
Inventory	-47.3%	7.00	13.00	11.00	10.00	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	6.00
Net PPE	-11.6%	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	1.00
Liabilities	-12.1%	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	12.00
Current Liabilities	-15.0%	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	12.00
Shareholder's Equity	-21.7%	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	9.00
Retained Earnings	-18.4%	-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	-10.73
Additional Paid-In Capital	6.1%	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	20.00
Shares Outstanding	52.1%	6.00	4.00	4.00	3.00	3.00	3.00	2.00	1.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	15.3%	1,585	1,374	-2,548	1,933	1,317	569	-4,149	1,101	-2,537	-1,369	794	6.00	839	-429	-244	-239	2,900	-2,240	25.00	1,686	3,901
Share Based Compensation	-70.0%	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	10.00
Cashflow From Investing	-99.6%	118*	28.00	-42.50	-94.75	-61.18	-66.00	-21.80	-39.97	-	-22.06	-55.53	-112	-3.87	-39.66	-45.31	-	-304	-53.60	-159	-1*	-
Cashflow From Financing	2484.8%	1,905	-79.88	1,586	-1,739	-1,438	198	4,159	-6,146	6,575	3,346	248	-320	-1,083	-263	1,749	66.00	-4,331	3,971	501	-3,055	-4,074

MICS Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($)	9 Months Ended	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net Sales	$ 29,198,000	$ 39,299,000	$ 47,512,000
Cost of Goods Sold	23,008,000	30,090,000	36,697,000
Gross Profit	6,190,000	9,209,000	10,815,000
Operating Expenses
Selling expenses	3,717,000	3,442,000	3,589,000
General and administrative expenses	8,616,000	9,465,000	7,157,000
Total Operating Expenses	12,333,000	12,907,000	10,746,000
(Loss) Income from Operations	(6,143,000)	(3,698,000)	69,000
Other (Expenses) Income
Gain on disposal of fixed assets	44,000
Gain - related party			11,000
Gain from extinguishment of PPP loan forgiveness			448,000
Gain from Employee Retension Credit Program refund		704,000
Gain from settlement of accounts payable		48,000	339,000
Loss from extinguishment of debt		(183,000)
Interest expense	(299,000)	(479,000)	(580,000)
Total Other (Expenses) Income, net	(255,000)	90,000	218,000
(Loss) Income Before Income Tax Benefit	(6,398,000)	(3,608,000)	287,000
Income Tax Benefit (Provision)		(1,030,000)	(57,000)
Net (Loss) Income	$ (6,398,000)	$ (4,638,000)	$ 230,000
Loss per Common Share
Basic	$ (1.32)	$ (1.65)	$ 0.14
Diluted	$ (1.32)	$ (1.65)	$ 0.14
Weighted Average Common and Common Equivalent Shares:
Basic	4,864,540	2,811,872	1,614,506
Diluted	4,864,540	2,811,872	1,623,397

MICS Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Mar. 31, 2023
Current Assets
Cash	$ 6,703,000	$ 2,895,000
Inventory	6,871,000	9,085,000
Returns asset	1,919,000	555,000
Prepaid expenses and other current assets	136,000	351,000
Total Current Assets	23,206,000	15,200,000
Property and equipment, net	404,000	633,000
Operating leases - right of use assets	3,926,000	561,000
Other non-current assets	179,000	255,000
Total Assets	27,715,000	16,649,000
Current Liabilities
Accounts payable	7,616,000	1,769,000
Accrued expenses	2,614,000	2,266,000
Refund due to customer	1,743,000
Customer prepayments	687,000	583,000
Reserve for sales returns	3,390,000	900,000
Other current liabilities	75,000	99,000
Current portion of operating lease liabilities	84,000	509,000
Total Current Liabilities	16,209,000	6,126,000
Other liabilities, net of current portion	3,000	104,000
Operating lease liabilities, net of current portion	3,925,000	88,000
Total Liabilities	20,137,000	6,318,000
Commitments and Contingencies
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 December 31, 2023 and 3,184,439 issued and 3,167,489 outstanding at March 31, 2023	64,000	32,000
Additional paid-in capital	33,429,000	29,822,000
Subscriptions receivable		(6,000)
Accumulated deficit	(25,915,000)	(19,517,000)
Total Shareholders’ Equity	7,578,000	10,331,000
Total Liabilities and Shareholders’ Equity	27,715,000	16,649,000
Nonrelated Party [Member]
Current Assets
Accounts receivable	7,308,000	2,075,000
Related Party [Member]
Current Assets
Accounts receivable	$ 269,000	$ 239,000

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 Apr 26 2024, market cap of The Singing Machine Company, Inc. is 6.48 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 Apr 26 2024, MICS's PE ratio (Price to Earnings) is -0.69 and Price to Sales (PS) ratio is 0.2. 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.