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SMDM Singing Machine

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
Employees
Incorporated
Location
Fiscal year end
Astika ...
SEC CIK
IRS number
953795478

Calendar

22 Feb 21
11 Apr 21
31 Mar 22
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
Net profit margin
Cash on hand
Change in cash
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

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

Financial report summary

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Competition
Smule
Management Discussion
  • The Singing Machine Company, Inc. and Subsidiaries
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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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