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Singing Machine Company, Inc. (The) Company Snapshot
The Singing Machine Company, Inc. is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, accessories, music and audio consumer electronic products. The Company contracts for the manufacturing of all its electronic equipment products with factories located in China. It has 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 music sales to customers. Its music distribution system enables download or stream selections from content library. The Company offers karaoke music through its Singing Machine Karaoke Download Store, Community, and iPhone/iPad Application. Its products include Classic Karaoke Machines, Download Karaoke Machines and Streaming Karaoke Machines.

Sales Analysis. The Singing Machine Company reported sales of $52.92 million for the fiscal year ending March of 2017. This represents an increase of 8.3% versus 2016, when the company's sales were $48.86 million. This was the third consecutive year of growth at The Singing Machine Company.
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Singing Machine Company, Inc. (The)
  Stock Performance Chart for Singing Machine Company, Inc. (The)
  Stock Data: Recent Stock Performance:
  Current Price (9/15/2017): .44
(Figures in U.S. Dollars)
1 Week -7.4%   13 Weeks -15.4%  
4 Weeks -20.0%   52 Weeks 7.3%  
Singing Machine Company, Inc. (The) Key Data:
  Ticker: SMDM Country: United States
  Exchanges: OTC Major Industry: Consumer Durables & Apparel
    Sub Industry: Prerecorded Records & Tapes
  2017 Sales 52,919,228
(Year Ending Jan 2018).
Employees: 27
  Currency: U.S. Dollars Market Cap: 16,834,093
  Fiscal Yr Ends: March Shares Outstanding: 38,259,303
  Share Type: Common Closely Held Shares: 27,307,612
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