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Last updated on April 17, 2014 at 7:54 EDT

Latest Singing Machine Company Inc. Stories

2014-02-14 16:24:21

FORT LAUDERDALE, Fla., Feb. 14, 2014 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) today announced the results for its third fiscal quarter ended December 31, 2013. The Company reported third-quarter net sales of approximately $16.8 million, as compared to net sales of approximately $16.6 million in the same quarter last year. The Company also posted quarterly pre-tax income of approximately $1.4 million for the quarter and...

2013-11-15 12:23:21

FORT LAUDERDALE, Fla., Nov. 15, 2013 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) announces the results for its second fiscal quarter ended September 30, 2013. For the quarter, the Company reported net sales of approximately $10.8 million compared to $14.3 million in the same period last year, a decrease of approximately $3.5 million. The decrease in net sales is primarily attributable to the following circumstances: late...

2013-10-10 12:27:02

The elegantly designed Home delivers soulful, room-filling sound as a Bluetooth speaker by day, and turns up the fun at night by transforming into a Singing Machine with instant access to more than 8,000 songs FORT LAUDERDALE, Fla., Oct. 10, 2013 /PRNewswire/ -- Singing Machine, one of the first companies to bring karaoke into American homes, today announced the Singing Machine Home(TM), an elegant speaker that pumps out room-filling sound and wirelessly connects to any...

2013-08-19 16:23:37

FT. LAUDERDALE, Fla., Aug. 19, 2013 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) announces the results for its first fiscal quarter ended June 30, 2013. The Company announced net sales of approximately $1.4 million in the first quarter which is slightly down from approximately $1.7 million reported for the same period last year. The reduction in net sales is attributable to retail inventory carryover from the preceding holiday...

2013-06-28 16:21:04

FORT LAUDERDALE, Fla., June 28, 2013 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) today announced financial results for its fiscal year ended March 31, 2013. For the 2013 fiscal year, the Company reported net sales of $34.4 million compared to $25.9 million in the same period last year, an increase of $8.5 million (25% increase). Gross margin also improved to 23.2% compared to 21.8% in the same period last year. As a result of...

2013-02-14 16:27:25

FORT LAUDERDALE, Fla., Feb. 14, 2013 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) today announced the results for its third fiscal quarter ended December 31, 2012. The Company reported third-quarter net sales of approximately $16.6 million, as compared to net sales of approximately $8.7 million in the same quarter last year (increase of 90%). The Company also posted quarterly net income of approximately $1.4 million for the quarter...

2012-12-06 20:21:49

FORT LAUDERDALE, Fla., Dec. 6, 2012 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) is announcing the lowest price of the season on its hottest new item for 2012, the Singing Machine 4TV. Target stores nationwide will be promoting the 4TV at $49.99 (regularly priced $69) from now through Sunday, December 9, 2012. (Photo: http://photos.prnewswire.com/prnh/20121206/FL25834 ) The Singing Machine 4TV is the latest in technology from...

2012-11-13 20:21:50

FORT LAUDERDALE, Fla., Nov. 13, 2012 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) announces the results for its second fiscal quarter ended September 30, 2012. For the quarter, the Company reported net sales of approximately $14.3 million compared to $14.1 million in the same period last year, an increase of approximately $0.2 million (approximately 1% increase). Gross margins also improved for the quarter from 22.6% to 24.1% (increase...

2012-08-09 06:25:34

FORT LAUDERDALE, Fla., Aug. 9, 2012 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) announces the results for its first fiscal quarter ended June 30, 2012. The Company announced net sales of approximately $1.76 million in the first quarter which is almost identical to the $1.78 million reported for the same period last year. The lack of change in net sales is attributable to the highly seasonal nature of karaoke sales. The Company...

2012-06-29 06:25:15

FORT LAUDERDALE, Fla., June 29, 2012 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) today announced financial results for its fiscal year ended March 31, 2012. For the 2012 fiscal year, the Company reported net sales of approximately $25.9 million compared to $19.1 million in the same period last year, an increase of approximately $6.8 million (approximately 26% increase). Gross margin dipped slightly to 21.8% compared to 22.1% in the...