MICS · Singing MacHine Co Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.39M | $23.49M | $39.30M | $47.51M | $45.80M | $41.42M |
| Cost of Revenue | $5.71M | $18.71M | $30.09M | $36.70M | $33.51M | $30.32M |
| Gross Profit | ($1.31M) | $4.78M | $9.21M | $10.81M | $12.30M | $11.10M |
| R&D | - | - | $100.0K | $100.0K | $100.0K | $100.0K |
| SG&A | $6.63M | $12.24M | $9.24M | $6.91M | $6.53M | $6.56M |
| Total Operating Expenses | $6.63M | $18.71M | $12.91M | $10.75M | $10.87M | $14.34M |
| D&A | $8.0K | $30.0K | $200.0K | $200.0K | $18.1K | $269.1K |
| Operating Income | ($7.95M) | ($13.93M) | ($3.70M) | $69.2K | $1.43M | ($3.24M) |
| Interest Expense | - | - | $33.0K | - | - | $240.7K |
| Income Tax | $47.0K | - | $1.03M | $57.3K | $456.9K | ($641.8K) |
| Net Income | ($23.26M) | ($23.26M) | ($4.64M) | $230.5K | $2.17M | ($2.86M) |
| EPS - Basic | ($6.41) | ($353.87) | ($1.65) | $0.14 | $0.06 | ($0.07) |
| EPS - Diluted | ($6.41) | ($353.87) | ($1.65) | $0.14 | $0.06 | ($0.07) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.63M | $7.55M | $6.70M | $2.29M | $396.6K | $345.2K |
| Accounts Receivable | - | - | $2.08M | $2.79M | $2.30M | $1.86M |
| Inventory | - | $2.19M | $6.87M | $14.16M | $5.49M | $7.60M |
| Accounts Payable | $1.41M | $3.81M | $7.62M | $5.33M | $2.46M | $5.04M |
| Current Assets | $7.94M | $16.76M | $23.21M | $19.84M | $12.98M | $13.82M |
| Total Assets | $12.72M | $18.30M | $27.71M | $22.67M | $16.76M | $16.60M |
| Current Liabilities | $14.44M | $28.44M | $16.21M | $12.02M | $7.03M | $9.50M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $14.58M | $28.82M | $20.14M | $12.63M | $8.85M | $10.91M |
| Stockholders' Equity | ($1.86M) | $10.33M | $7.58M | $10.04M | $7.91M | $5.69M |
| Retained Earnings | ($65.04M) | ($49.17M) | ($25.91M) | ($14.88M) | ($12.25M) | ($14.43M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.98M) | ($8.56M) | ($330.3K) | ($2.01M) | $171.0K | $444.8K |
| Investing Cash Flow | ($2.17M) | ($2.25M) | ($243.7K) | ($117.6K) | ($201.2K) | ($517.5K) |
| Financing Cash Flow | $11.65M | $11.65M | $1.18M | $4.02M | $81.5K | $206.6K |
| CapEx | $14.0K | $70.0K | $243.7K | $117.6K | $201.2K | $517.5K |
| Free Cash Flow | ($4.00M) | ($8.63M) | ($574.0K) | ($2.13M) | ($30.1K) | ($72.8K) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | -29.9% | 20.3% | 23.4% | 22.8% | 26.8% | 26.8% |
| Operating margin | -181.0% | -59.3% | -9.4% | 0.1% | 3.1% | -7.8% |
| EBITDA margin | -180.8% | -59.1% | -8.9% | 0.6% | 3.2% | -7.2% |
| Net margin | -529.7% | -99.0% | -11.8% | 0.5% | 4.7% | -6.9% |
| Free cash flow margin | -91.1% | -36.7% | -1.5% | -4.5% | -0.1% | -0.2% |
| FCF / Net income | 0.17 | 0.37 | 0.12 | -9.24 | -0.01 | 0.03 |
| R&D / Revenue | - | - | 0.3% | 0.2% | 0.2% | 0.2% |
| SG&A / Revenue | 151.0% | 52.1% | 23.5% | 14.5% | 14.3% | 15.8% |
| Effective tax rate | - | - | - | 19.9% | 17.4% | - |
| Return on assets | -182.8% | -127.1% | -16.7% | 1.0% | 13.0% | -17.2% |
| Return on equity | 1250.4% | -225.1% | -61.2% | 2.3% | 27.5% | -50.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.55 | 0.59 | 1.43 | 1.65 | 1.85 | 1.45 |
| Quick ratio | 0.55 | 0.51 | 1.01 | 0.47 | 1.06 | 0.65 |
| Cash ratio | 0.11 | 0.27 | 0.41 | 0.19 | 0.06 | 0.04 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | -112.1x | - | - | -13.5x |
| Equity multiplier | -6.84 | 1.77 | 3.66 | 2.26 | 2.12 | 2.92 |
| Liabilities / Assets | 1.15 | 1.57 | 0.73 | 0.56 | 0.53 | 0.66 |
| Efficiency | ||||||
| Asset turnover | 0.35 | 1.28 | 1.42 | 2.10 | 2.73 | 2.49 |
| Inventory turnover | - | 8.56 | 4.38 | 2.59 | 6.10 | 3.99 |
| Days sales outstanding | - | - | 19d | 21d | 18d | 16d |
| Days inventory outstanding | - | 43d | 83d | 141d | 60d | 91d |
| Days payable outstanding | 90d | 74d | 92d | 53d | 27d | 61d |
| Cash conversion cycle | - | - | 10d | 109d | 51d | 47d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -81.3% | -40.2% | -17.3% | 3.7% | 10.6% | -31.9% |
| Revenue CAGR (3y) | -54.8% | -20.0% | -1.7% | -7.9% | - | - |
| Revenue CAGR (5y) | -36.2% | -17.3% | - | - | - | - |
| Gross profit growth (YoY) | - | -48.1% | -14.9% | -12.1% | 10.8% | -5.8% |
| Operating income growth (YoY) | 42.9% | -276.5% | - | -95.1% | - | - |
| Net income growth (YoY) | 0.0% | -401.4% | - | -89.4% | - | - |
| EPS growth (YoY) | 98.2% | -21346.7% | - | 133.3% | - | - |
| EPS CAGR (3y) | - | - | - | 91.3% | - | - |
| EPS CAGR (5y) | - | - | - | 28.5% | 8.4% | - |
| FCF growth (YoY) | 53.6% | -1402.8% | 73.0% | -6964.4% | 58.6% | 28.1% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | 36.3% | -24.5% | 26.9% | 39.1% | -33.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$23.49M totalSinging Machine$23.20M · 98.7%
Semi Cab$297.0K · 1.3%
Product / service
$23.49M totalClassic Karaoke Machines$16.52M · 70.3%
Microphones And Accessories$4.41M · 18.8%
Kids Youth Electronics$959.0K · 4.1%
Music Subscriptions$825.0K · 3.5%
Licensed Products$486.0K · 2.1%
Logistics Services$297.0K · 1.3%
Geographic
$23.49M totalNorth America$22.19M · 94.5%
AU$1.07M · 4.6%
Europe And United Kingdom$184.0K · 0.8%
Others$44.0K · 0.2%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-6.35
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
1/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing SINGING MACHINE CO INC against the 5 most active filers in the same SIC group.