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, Europe, and Australia. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone 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.
IPO Year:
Exchange: NASDAQ
Website: https://singingmachine.com
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8-K - Algorhythm Holdings, Inc. (0000923601) (Filer)
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Strategic Rebranding to Focus on Expanded Business Model and Growth Strategy. New Ticker RIME. Fort Lauderdale, FL, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, recently announced it has successfully completed the acquisition of SemiCab, Inc. ("SemiCab"), a leading artificial intelligence technology company in the global logistics space. As part of this transaction, the Company announced an expanded business model, centered on making investments in AI driven technology companies focused on solving challenges for some of the largest global industry verticals. Today, the Comp
Comprehensive Digital Marketing Campaign Generating Strong Pre-Holiday Results Fort Lauderdale, FL, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("the Company") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, announced today an update on its new Sesame Street licensed product line. This product line falls under the Company's licensed youth electronics line which focuses on fun, highly-recognizable, and engaging singalong products. Singing Machine's newly available assortment of its Sesame Street karaoke products feature beloved characters such as Elmo, Cookie Monster, and Abby Cadabby. The characters are available in the Company's latest i
Fort Lauderdale, FL, Aug. 26, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced it will be featured as a presenting company at the H.C. Wainwright 25th Annual Global Investment Conference. The conference is being held on September 9-11, 2024. H.C. Wainwright & Co. is hosting its 26th Annual Global Investment Conference, which is being held on September 9 to 11, 2024. The in-person venue for the event is the Lotte New York Palace Hotel in New York City located at 455 Madison Avenue. Virtual participation will be staged simultaneously with over 550 company presentations schedul
Business Reflects Strategic Shift in Legacy Business Model Fort Lauderdale, FL, Aug. 19, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced its results of operations for the three-months ended June 30,2024. "We are pleased to report our second quarter results of operations," commented Gary Atkinson, CEO of the Singing Machine. "We spent much of the second quarter focused on the necessary due diligence, legal and audit work to close the SemiCab acquisition. Despite these added expenses, we were successful in controlling overall costs, maintain a strong balance sheet, and pr
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-
Company Significantly Expands Socia Media-Based Marketing Capabilities Through New TikTok Shop Seller Storefront Fort Lauderdale, FL, July 23, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, announces it has entered into a formal partnership with TikTok Shop pursuant to which The Singing Machine is now officially designated as a TikTok Shop Seller. With this new status, the Company expanded its online reach to over 150 million daily users on TikTok, one of the largest and fastest growing retail channels available to consumers today. The launching of the Singing Machine TikTok Shop unde
SemiCab India Expected to Add Over $9 Million in Revenue in 2024 Fort Lauderdale, FL, July 16, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, recently announced it has successfully completed the acquisition of SemiCab, Inc. ("SemiCab"), a leading artificial intelligence technology company in the global logistics space. Today, the Company provided an update on the integration process for the newly created operations under SemiCab Holdings, LLC. The Company currently has key executives in India, completing the final prerequisites for the acquisition of SMCB Solutions Private Limited ("SMCB"
Company Now Well Positioned for Accelerated Revenue Growth Fort Lauderdale, FL, July 05, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced it has successfully completed the acquisition of SemiCab, Inc. ("SemiCab"), a leading artificial intelligence technology company in the global logistics space. "We are very pleased to complete the acquisition of SemiCab," commented Gary Atkinson, CEO of Singing Machine. "They have disruptive, cutting-edge, AI-powered technology. They have world class customers that are eager to expand their current relationships. Lastly, SemiCab's techn
SemiCab Generated $6 Million Revenue in 2023 Fort Lauderdale, FL, June 12, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced it has executed a definitive agreement to acquire SemiCab, Inc. ("SemiCab"), a leading artificial intelligence technology company that optimizes freight for Fortune 1000 clients in the US and Indian markets. SemiCab's AI technology was developed specifically to build a hyper-efficient trucking network that operates at a 90%+ utilization level, well above the industry standard of 65%. This technology connects thousands of parties on a single n
Fort Lauderdale, FL, May 23, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced its Executive Committee of the Board of Directors has authorized management to explore a range of potentially transformational corporate transactions. The primary purpose for this initiative is to explore transactions that can potentially create immediate, sustained shareholder value. As part of this initiative, the Company intends to explore corporate transactions that expand the existing business model beyond its current legacy consumer electronics karaoke business. In particular, the Committee has
4 - Algorhythm Holdings, Inc. (0000923601) (Issuer)
4 - Algorhythm Holdings, Inc. (0000923601) (Issuer)
4 - SINGING MACHINE CO INC (0000923601) (Issuer)
4 - SINGING MACHINE CO INC (0000923601) (Issuer)
4 - SINGING MACHINE CO INC (0000923601) (Issuer)
4 - SINGING MACHINE CO INC (0000923601) (Issuer)
4 - SINGING MACHINE CO INC (0000923601) (Issuer)
4 - SINGING MACHINE CO INC (0000923601) (Issuer)
4 - SINGING MACHINE CO INC (0000923601) (Issuer)
4 - SINGING MACHINE CO INC (0000923601) (Issuer)
Strategic Rebranding to Focus on Expanded Business Model and Growth Strategy. New Ticker RIME. Fort Lauderdale, FL, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, recently announced it has successfully completed the acquisition of SemiCab, Inc. ("SemiCab"), a leading artificial intelligence technology company in the global logistics space. As part of this transaction, the Company announced an expanded business model, centered on making investments in AI driven technology companies focused on solving challenges for some of the largest global industry verticals. Today, the Comp
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-
SemiCab India Expected to Add Over $9 Million in Revenue in 2024 Fort Lauderdale, FL, July 16, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, recently announced it has successfully completed the acquisition of SemiCab, Inc. ("SemiCab"), a leading artificial intelligence technology company in the global logistics space. Today, the Company provided an update on the integration process for the newly created operations under SemiCab Holdings, LLC. The Company currently has key executives in India, completing the final prerequisites for the acquisition of SMCB Solutions Private Limited ("SMCB"
Company Now Well Positioned for Accelerated Revenue Growth Fort Lauderdale, FL, July 05, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced it has successfully completed the acquisition of SemiCab, Inc. ("SemiCab"), a leading artificial intelligence technology company in the global logistics space. "We are very pleased to complete the acquisition of SemiCab," commented Gary Atkinson, CEO of Singing Machine. "They have disruptive, cutting-edge, AI-powered technology. They have world class customers that are eager to expand their current relationships. Lastly, SemiCab's techn
SemiCab Generated $6 Million Revenue in 2023 Fort Lauderdale, FL, June 12, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced it has executed a definitive agreement to acquire SemiCab, Inc. ("SemiCab"), a leading artificial intelligence technology company that optimizes freight for Fortune 1000 clients in the US and Indian markets. SemiCab's AI technology was developed specifically to build a hyper-efficient trucking network that operates at a 90%+ utilization level, well above the industry standard of 65%. This technology connects thousands of parties on a single n
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
On Friday, The Singing Machine Company, Inc. (NASDAQ:MICS) completed the acquisition of SemiCab, an artificial intelligence technology company in the global logistics space. The transaction was structured as an asset purchase/sale. At closing, Singing Machine will issue to SemiCab 641,806 shares of its common stock, which represents approximately 10% of the company’s issued and outstanding common stock as of July 3, 2024, and the assumption of approximately $2.6 million in liabilities as of March-end. The deal was announced on June 12. Check This Out: What’s Going On With Department Store Major Macy’s Shares On Friday? “SemiCab’s technology creates a compelling financial win-win for
GLNG: 14% | Golar LNG Enters Definitive Agreements With Pan American Energy For 20-Year Deployment Of Floating Liquefied Natural Gas Vessel In Argentina M: 8% | Macy's shares are trading higher after the Wall Street Journal reported that Arkhouse and Brigade raised their offer for the company to $24.80 per share, up from $24 per share. MICS: 82% | The Singing Machine Company Says It Completed The Acquisition Of SemiCab; As Part Of Transaction, Company Also Entered Into An Option Agreement To Acquire SMCB Solutions Private Limited
The transaction was structured as an asset purchase/sale. At closing, Singing Machine will issue to SemiCab 641,806 shares of its common stock, which represents approximately 10% of the Company's issued and outstanding common stock as of July 3, 2024 and the assumption of approximately $2.6 million in liabilities as of March 31, 2024. In addition, at closing Singing Machine will issue to SemiCab a 20% membership interest in its newly formed wholly owned subsidiary, SemiCab Holdings, LLC. As part of the transaction, the Company also entered into an option agreement to acquire SMCB Solutions Private Limited, an Indian based wholly owned subsidiary of SemiCab. This entity currently operates fr
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