Singing Machine Company Past Earnings Performance
Past criteria checks 0/6
Singing Machine Company's earnings have been declining at an average annual rate of -55%, while the Consumer Durables industry saw earnings growing at 24.1% annually. Revenues have been declining at an average rate of 3.2% per year.
Key information
-55.0%
Earnings growth rate
-29.3%
EPS growth rate
| Consumer Durables Industry Growth | 24.5% |
| Revenue growth rate | -3.2% |
| Return on equity | -112.6% |
| Net Margin | -21.9% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Market Might Still Lack Some Conviction On The Singing Machine Company, Inc. (NASDAQ:MICS) Even After 46% Share Price Boost
Feb 28
The Singing Machine Company, Inc.'s (NASDAQ:MICS) Share Price Could Signal Some Risk
Nov 14Singing Machine to secure up to $15M financing from Fifth Third Bank
Oct 18Singing Machine announces new fall partnership with Sam’s Club for Fall 2022
Sep 20Singing Machine GAAP EPS of -$0.01, revenue of $11.69M
Aug 22Singing Machine GAAP EPS of $0.14, revenue of $47.51M
Jul 14Revenue & Expenses BreakdownBeta
How Singing Machine Company makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 39 | -9 | 16 | 0 |
| 30 Sep 23 | 29 | -7 | 13 | 0 |
| 30 Jun 23 | 30 | -7 | 13 | 0 |
| 31 Mar 23 | 39 | -5 | 13 | 0 |
| 31 Dec 22 | 39 | -3 | 12 | 0 |
| 30 Sep 22 | 53 | 0 | 12 | 0 |
| 30 Jun 22 | 53 | 0 | 11 | 0 |
| 31 Mar 22 | 48 | 0 | 11 | 0 |
| 31 Dec 21 | 48 | 1 | 10 | 0 |
| 30 Sep 21 | 44 | 1 | 10 | 0 |
| 30 Jun 21 | 49 | 2 | 11 | 0 |
| 31 Mar 21 | 46 | 2 | 11 | 0 |
| 31 Dec 20 | 43 | 2 | 10 | 0 |
| 30 Sep 20 | 40 | 0 | 10 | 0 |
| 30 Jun 20 | 37 | -2 | 11 | 0 |
| 31 Mar 20 | 39 | -3 | 11 | 0 |
| 31 Dec 19 | 38 | -2 | 10 | 0 |
| 30 Sep 19 | 44 | 0 | 11 | 0 |
| 30 Jun 19 | 49 | 1 | 11 | 0 |
| 31 Mar 19 | 46 | 1 | 10 | 0 |
| 31 Dec 18 | 48 | 0 | 12 | 0 |
| 30 Sep 18 | 50 | 0 | 11 | 0 |
| 30 Jun 18 | 59 | 0 | 14 | 0 |
| 31 Mar 18 | 61 | 0 | 14 | 0 |
| 31 Dec 17 | 62 | 0 | 14 | 0 |
| 30 Sep 17 | 57 | 1 | 13 | 0 |
| 30 Jun 17 | 52 | 2 | 11 | 0 |
| 31 Mar 17 | 53 | 2 | 11 | 0 |
| 31 Dec 16 | 53 | 2 | 10 | 0 |
| 30 Sep 16 | 57 | 3 | 11 | 0 |
| 30 Jun 16 | 50 | 2 | 10 | 0 |
| 31 Mar 16 | 49 | 2 | 10 | 0 |
| 31 Dec 15 | 48 | 2 | 9 | 0 |
| 30 Sep 15 | 45 | 1 | 8 | 0 |
| 30 Jun 15 | 40 | 0 | 8 | 0 |
| 31 Mar 15 | 39 | 0 | 8 | 0 |
| 31 Dec 14 | 39 | 1 | 7 | 0 |
| 30 Sep 14 | 38 | 1 | 7 | 0 |
| 30 Jun 14 | 33 | 1 | 7 | 0 |
| 31 Mar 14 | 31 | 1 | 7 | 0 |
| 31 Dec 13 | 31 | 1 | 6 | 0 |
| 30 Sep 13 | 31 | 2 | 6 | 0 |
| 30 Jun 13 | 34 | 3 | 7 | 0 |
Quality Earnings: MICS is currently unprofitable.
Growing Profit Margin: MICS is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MICS is unprofitable, and losses have increased over the past 5 years at a rate of 55% per year.
Accelerating Growth: Unable to compare MICS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MICS is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-10.7%).
Return on Equity
High ROE: MICS has a negative Return on Equity (-112.57%), as it is currently unprofitable.