SMDM Singing Machine Dashboard

The Singing Machine Company Inc., (“Company,” “Singing Machine,” “we,” “us,” or, “our”) is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, toy products, licensed products, accessories, music, and audio consumer electronic products. We contract for the manufacturing of all our electronic equipment products with factories located in China. We have also collaborated with a music content service provider that allows the Company to offer karaoke downloads, and streaming subscription services. This collaboration provides the Company with a distribution platform for digital music sales and subscriptions and furthermore it opens up the Company’s music sales to customers who purchase our competitors’ karaoke machines as well. The capabilities of the Company’s music distribution system include the ability to download or stream selections from this content library, creating the opportunity to open new revenue sources through the sale of subscriptions.

Company profile

Ticker

SMDM

Exchange

Incorporated

Location

Fiscal year end

Industry (SIC)

Phonograph Records & Prerecorded Audio Tapes & Disks

Astika ...

SEC CIK

0000923601

Corporate docs

Articles of Incorporation & Bylaws

IRS number

953795478

Press releases

Pro users get this 30m faster

Singing Machine Pays Off Revolving Loan with Crestmark Bank

13 Jan 21

Fort Lauderdale, FL, Jan. 13, 2021 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCQX:SMDM) today announced that the Company fully paid down the balance of its revolving

Financial summary

Financial statements Chart SMDM financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 20	Mar 19	Mar 18	Mar 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
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Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	823.37K	823.37K	823.37K	823.37K	823.37K	823.37K
Cash burn (monthly)	82.62K	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	6.17K
Cash used (since last report)	280.4K	n/a	n/a	n/a	n/a	20.93K
Cash remaining	542.97K	n/a	n/a	n/a	n/a	802.44K
Runway (months of cash)	6.6	n/a	n/a	n/a	n/a	130.1

Beta Read what these cash burn values mean

Recent insider trades

SMDM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Oct 20	Bernardo Melo	Common Stock, par value $0.01	Option exercise	Aquire M	No	No	0	200,000	0	902,916
31 Oct 20	Bernardo Melo	Non qualified stock option Common stock, par value $.01	Option exercise	Dispose M	No	No	0	200,000	0	575,000
31 Oct 20	Gary Kevin Atkinson	Common Stock, par value $0.01	Option exercise	Aquire M	No	No	0	120,000	0	459,481
31 Oct 20	Gary Kevin Atkinson	Non qualified stock option Common stock, par value $.01	Option exercise	Dispose M	No	No	0	120,000	0	300,000
31 Oct 20	Lionel Marquis	Common Stock, par value $0.01	Option exercise	Aquire M	No	No	0	120,000	0	280,000
31 Oct 20	Lionel Marquis	Non qualified stock option Common stock, par value $.01	Option exercise	Dispose M	No	No	0	120,000	0	165,000
1 Sep 20	Bernardo Melo	Common Stock	Buy	Aquire P	No	No	0.29	25,000	7.25K	897,916
12 Jun 19	Hon Peter	Common stock	Other	Aquire J	No	No	0.38	6,578	2.5K	54,942

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Financial report summary

Competition

Smule

Management Discussion

The Singing Machine Company, Inc. and Subsidiaries

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: aforementioned, assurance, Basic, begun, confined, COVID, deficiency, design, designed, detected, enhance, error, flourished, good, holder, incorrectly, initial, initially, left, lending, maximize, misstatement, personnel, reliability, remediate, remediation, selectively, thereof, treasury, unaffected, uncollectible, waiver, written

Removed: accrual, adjusted, advertise, amounted, catalog, communicated, comply, computed, copy, cover, disclosed, discretion, dividing, ensure, fact, file, identifiable, Index, Inflation, local, media, meet, monitor, mutually, newspaper, pay, Penney, processed, producing, proof, proper, publishing, request, showing, spend, submit, track, unable

From filing 10-Q 2021 Q3