MICS - Earnings announcements

Fort Lauderdale, FL, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (NASDAQ: MICS) -- the worldwide leader in consumer karaoke products -- today announced that its earnings for its second quarter of 2024 will be released Monday, August 19, 2024. The same day Management will host a conference call at 4:00 PM Eastern time to discuss the financial results and provide a business update. Management will also provide an update on the acquisition integration of SemiCab, an emerging AI-powered technology provider serving the global logistics space. Conference Call Details: Date: Monday August 19, 2024Time: 4:00 PM EDT Dial-in number: 800-

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 -- today released its results of operations for the three months ended September 30, 2023. Financial highlights are as follows: Revenues for the 3 months ended September 30, 2023 were $15.9 million, as compared to $17.1 million for the same period in the prior year. The $1.2 million (7.0%) decrease was largely due to a backlog of orders late in the quarter that moved into early third quarter and a $0.9 million co-op incentive accrual for planned holiday promotions.Gross margins were 23.2

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 -- today announced that its earnings for its second quarter fiscal 2024 will be released tomorrow, Tuesday November 21, 2023. The same day Management will host a conference call at 10:00 AM Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Tuesday November 21, 2023Time: 10:00 AM EST Dial-in number: (800) 225-9448 Conference ID: MICS An audio rebroadcast of the call will be available later in the day at: http://www.singingmachine.com/invest

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 -- today released its results of operations for the three months ended June 30, 2023. Financial highlights are as follows: Revenues for the three months ended June 30, 2023 were $2.6 million, as compared to $11.7 million for the same period in the prior year. The $9.1 million decrease was largely due to the distortive effects of $6.7 million in purchase orders from Walmart and Sam's Club in the first quarter of the prior year.These orders were in part due to the launch of Singing Machine products

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 -- today announced that its earnings for its first quarter fiscal 2024 will be released tomorrow, Friday August 18, 2023. The same day Management will host a conference call at 5:00 PM Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Friday August 18, 2023Time: 5:00 PM EDT Dial-in number: (800) 225-9448Conference ID: MICS An audio rebroadcast of the call will be available later in the day at: http://www.singingmachine.com/investors

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 -- today announced that its earnings for its full fiscal year ended March 31, 2023 will be released at the close of market on Friday July 14, 2023. The same day Management will host a conference call at 5:30 PM Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Friday July 14, 2023Time: 5:30 PM EDT Dial-in number: (800) 579-2543 Conference ID: MICS An audio rebroadcast of the call will be available later in the day at: http://www.sing

Fort Lauderdale, FL, July 12, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (NASDAQ: MICS) -- the North American leader in consumer karaoke products -- today announced that its earnings for its full fiscal year ended March 31, 2023 will be released on Friday July 14, 2023. The same day Management will host a conference call at 4:00 PM Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Friday July 14, 2023Time: 4:00 PM EST Dial-in number: (800) 579-2543 Conference ID: MICS An audio rebroadcast of the call will be available later in the day at: http://www.singingmac

Fourth Quarter Highlights Organic growth of 3.3% year-over-year in Broadcast and Recurring Commercial Music Revenues(1), including 7.6% in the United States;Revenues increased 8.7% to $78.9 million from $72.6 million;Adjusted EBITDA(2) increased 26.4% to $26.6 million from $21.0 million. Adjusted EBITDA(2) by segment was $20.4 million or 40.8% of revenues for Broadcasting and Commercial Music, $7.7 million or 26.6% of revenues for Radio and $(1.5) million for Corporate;Net income was $4.4 million ($0.06 per share) compared to $4.5 million ($0.06 per share);Adjusted Net income(2) increased 24.5% to $14.7 million ($0.21 per share) from $11.8 million ($0.17 per share);Cash flow from operat

Fort Lauderdale, FL, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products – today announced its third quarter financial results for the three months ended December 31, 2022. Third Quarter Highlights: Net sales for the quarter of $7.1 million; fiscal year-to-date revenue of $35.9 million.Gross profit for the quarter of $1.3 million.Income from Operations of approximately ($2.3) million.Total assets of $24.1 million as of December 31, 2022.Cash on hand of $2.8 million as of December 31, 2022.Net loss for the quarter of $(1.9) million; fiscal year-to-date net loss of ap

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 -- today announced that its earnings for its third quarter fiscal 2023 will be released on Tuesday, February 21, 2023. The same day Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Tuesday, February 21, 2023Time: 10:00 a.m. EST Dial-in number: 800-225-9448Conference ID: MICS An audio rebroadcast of the call will be available later in the day at: http://www.singingmachine.com/investor

Organic growth of 8.5% year-over-year in Broadcast and Recurring Commercial Music Revenues(1) including 18.1% in the United States;Revenues increased 18.9% to $89.2 million from $75.0 million;805,000 streaming subscribers, up 16.4% over Q3 2022;Adjusted EBITDA(2) increased 20.9% to $34.5 million from $28.5 million. Adjusted EBITDA by segment was $22.6 million or 41.7% of revenues for Broadcasting and Commercial Music, $13.3 million or 37.9% of revenues for Radio and $(1.4) million for Corporate;Net income was $12.9 million ($0.19 per share(2)) compared with $12.5 million ($0.18 per share(2));Adjusted Net income(2) of $16.5 million ($0.24 per share(2)) compared with $17.0 million ($0.24 per s

Fort Lauderdale, FL, Nov. 14, 2022 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products – today announced its second quarter financial results for the three months ended September 30, 2022. Second Quarter Highlights: Net sales for the quarter of $17.1 million; fiscal year-to-date revenue of $28.8 million (an increase of 23% over the same period in the prior year).Gross profit increased by approximately $0.6 million to $3.9 million (representing a 23% gross margin) compared to $3.3 million (or 19% gross margin) in the prior year (an overall increase

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 -- today announced that its earnings for its second quarter fiscal 2023 will be released on Monday, November 14, 2022. The same day Management will host a conference call at 5:00 pm Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Monday, November 14, 2022Time: 5:00 p.m. ET Dial-in number: (800) 343-4849Conference ID: MICS An audio rebroadcast of the call will be available later in the day at: http://www.singingmachine.com/investors

Fort Lauderdale, FL, Aug. 16, 2022 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (NASDAQ: MICS) -- the North American leader in consumer karaoke products -- today announced that its earnings for its first quarter fiscal 2023 will be released on Monday, August 22, 2022. The following day, Tuesday, August 23, 2022 Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Tuesday, August 23, 2022Time: 10:00 a.m. ET Dial-in number: (800) 225-9448Conference ID: MICS An audio rebroadcast of the call will be available later in the day at: http: