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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.40M | - | $1.74M | $2.72M | $1.99M | - | $10.62M | $15.93M | $2.43M | - |
| Cost of Revenue | $3.08M | - | $2.10M | $1.76M | $1.49M | - | $8.25M | $12.20M | $1.92M | - |
| Gross Profit | ($677.0K) | - | ($351.0K) | $954.0K | $500.0K | - | $2.38M | $3.73M | $502.0K | - |
| R&D | - | - | - | - | - | - | - | - | $42.0K | - |
| SG&A | $3.63M | - | $1.21M | $1.50M | $2.55M | - | $4.34M | $2.46M | $2.16M | - |
| Total Operating Expenses | $3.67M | - | $1.21M | $1.74M | $3.31M | - | $1.12M | $3.63M | $2.79M | - |
| D&A | $2.0K | - | $0 | $53.0K | $136.0K | - | - | - | $183.0K | - |
| Operating Income | ($4.34M) | - | ($1.56M) | ($782.0K) | ($2.81M) | - | $1.26M | $106.0K | ($2.29M) | - |
| Interest Expense | - | - | $34.0K | - | - | - | - | $52.7K | $0 | - |
| Income Tax | - | - | $24.0K | - | - | - | - | ($52.0K) | $52.0K | - |
| Net Income | ($5.11M) | - | ($2.96M) | ($6.12M) | ($2.37M) | - | $97.0K | $97.5K | ($2.37M) | - |
| EPS - Basic | ($0.52) | - | ($1.15) | ($0.24) | ($4.66) | - | $0.13 | $0.02 | ($0.37) | - |
| EPS - Diluted | ($0.52) | - | ($1.15) | ($0.24) | ($4.66) | - | $0.13 | $0.02 | ($0.37) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.70M | $1.63M | $2.84M | $1.13M | $3.30M | $7.55M | $621.0K | $1.25M | $4.13M | $6.70M |
| Accounts Receivable | - | - | - | - | - | - | - | - | $713.2K | - |
| Inventory | - | - | - | $2.73M | $1.90M | $2.19M | $7.33M | $6.91M | $6.49M | $6.87M |
| Accounts Payable | $984.0K | $1.41M | $1.23M | $2.00M | $1.30M | $3.81M | $8.74M | $3.68M | $3.95M | $7.62M |
| Current Assets | $13.63M | $7.94M | $5.51M | $7.62M | $9.01M | $16.76M | $14.41M | $11.79M | $15.53M | $23.21M |
| Total Assets | $18.45M | $12.72M | $10.85M | $12.70M | $10.46M | $18.30M | $19.61M | $12.37M | $19.90M | $27.71M |
| Current Liabilities | $15.16M | $14.44M | $10.49M | $9.25M | $6.74M | $28.44M | $16.49M | $9.10M | $10.64M | $16.21M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $15.29M | $14.58M | $10.74M | $9.88M | $7.12M | $28.82M | $16.87M | $13.24M | $14.67M | $20.14M |
| Stockholders' Equity | $3.17M | ($1.86M) | $100.0K | $2.81M | $5.23M | ($10.52M) | $2.70M | ($872.0K) | $5.23M | $7.58M |
| Retained Earnings | ($70.15M) | ($65.04M) | ($61.91M) | ($58.95M) | ($58.36M) | ($49.17M) | ($33.21M) | ($34.40M) | ($28.28M) | ($25.91M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.37M) | - | - | - | ($3.11M) | - | - | - | ($2.56M) | - |
| Investing Cash Flow | ($672.0K) | - | - | - | ($673.0K) | - | - | - | ($42.5K) | - |
| Financing Cash Flow | $8.84M | - | - | - | ($473.0K) | - | - | - | ($21.0K) | - |
| CapEx | $14.0K | - | - | - | - | - | - | - | $42.5K | - |
| Free Cash Flow | ($2.39M) | - | - | - | - | - | - | - | ($2.60M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -28.2% | - | -20.1% | 35.1% | 25.1% | - | 22.4% | 23.4% | 20.7% | - |
| Operating margin | -181.0% | - | -89.7% | -28.8% | -141.0% | - | 11.8% | 0.7% | -94.3% | - |
| EBITDA margin | -180.9% | - | -89.7% | -26.8% | -134.2% | - | - | - | -86.7% | - |
| Net margin | -212.8% | - | -169.8% | -225.3% | -118.8% | - | 0.9% | 0.6% | -97.6% | - |
| Free cash flow margin | -99.5% | - | - | - | - | - | - | - | -107.2% | - |
| FCF / Net income | 0.47 | - | - | - | - | - | - | - | 1.10 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | 1.7% | - |
| SG&A / Revenue | 151.4% | - | 69.4% | 55.3% | 127.7% | - | 40.8% | 15.4% | 89.0% | - |
| Effective tax rate | - | - | - | - | - | - | - | -114.2% | - | - |
| Return on assets | -27.7% | - | -27.3% | -48.2% | -22.6% | - | 0.5% | 0.8% | -11.9% | - |
| Return on equity | -161.2% | - | -2962.0% | -217.8% | -45.3% | - | 3.6% | -11.2% | -45.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.90 | 0.55 | 0.53 | 0.82 | 1.34 | 0.59 | 0.87 | 1.30 | 1.46 | 1.43 |
| Quick ratio | 0.90 | 0.55 | 0.53 | 0.53 | 1.06 | 0.51 | 0.43 | 0.54 | 0.85 | 1.01 |
| Cash ratio | 0.51 | 0.11 | 0.27 | 0.12 | 0.49 | 0.27 | 0.04 | 0.14 | 0.39 | 0.41 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -46.0x | - | - | - | - | 2.0x | - | - |
| Equity multiplier | 5.83 | -6.84 | 108.45 | 4.52 | 2.00 | -1.74 | 7.26 | -14.18 | 3.81 | 3.66 |
| Liabilities / Assets | 0.83 | 1.15 | 0.99 | 0.78 | 0.68 | 1.57 | 0.86 | 1.07 | 0.74 | 0.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.16 | 0.21 | 0.19 | - | 0.54 | 1.29 | 0.12 | - |
| Inventory turnover | - | - | - | 0.64 | 0.79 | - | 1.13 | 1.77 | 0.30 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | 107d | - |
| Days inventory outstanding | - | - | - | 566d | 463d | - | 324d | 207d | 1232d | - |
| Days payable outstanding | 117d | - | 214d | 413d | 318d | - | 387d | 110d | 749d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | 590d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 20.4% | - | -83.6% | -83.0% | -17.8% | - | 49.4% | -6.9% | - | - |
| Revenue CAGR (3y) | - | - | -56.5% | -50.4% | -44.6% | - | -14.5% | -11.8% | -26.3% | - |
| Revenue CAGR (5y) | -16.9% | - | -35.4% | -33.0% | -16.2% | - | -11.4% | -8.1% | -9.2% | - |
| Gross profit growth (YoY) | - | - | - | -74.5% | -0.4% | - | 84.0% | -5.8% | - | - |
| Operating income growth (YoY) | -54.6% | - | - | - | -22.9% | - | - | -81.9% | - | - |
| Net income growth (YoY) | -115.7% | - | - | - | 0.0% | - | - | -67.1% | - | - |
| EPS growth (YoY) | 88.8% | - | - | - | -1159.5% | - | - | -75.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 63.0% | -30.7% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -39.4% | 82.3% | -96.3% | - | 0.0% | - | -79.5% | - | -49.4% | - |
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%
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.