Singing Machine Company Inc
NASDAQ:MICS
Income Statement
Earnings Waterfall
Singing Machine Company Inc
Income Statement
Singing Machine Company Inc
| Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Revenue |
31
N/A
|
33
+4%
|
38
+16%
|
39
+3%
|
39
+1%
|
40
+2%
|
45
+13%
|
48
+6%
|
49
+2%
|
50
+3%
|
57
+14%
|
53
-8%
|
53
0%
|
52
-2%
|
57
+9%
|
62
+9%
|
61
-2%
|
59
-3%
|
50
-14%
|
48
-4%
|
46
-4%
|
49
+6%
|
44
-11%
|
38
-13%
|
39
+0%
|
37
-4%
|
40
+9%
|
43
+8%
|
46
+6%
|
49
+7%
|
44
-10%
|
48
+10%
|
48
-1%
|
53
+12%
|
53
0%
|
39
-27%
|
39
+1%
|
30
-23%
|
29
-4%
|
29
+1%
|
32
+8%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(24)
|
(25)
|
(30)
|
(31)
|
(31)
|
(32)
|
(35)
|
(36)
|
(37)
|
(38)
|
(44)
|
(40)
|
(39)
|
(38)
|
(42)
|
(46)
|
(45)
|
(44)
|
(38)
|
(36)
|
(35)
|
(37)
|
(32)
|
(30)
|
(30)
|
(29)
|
(31)
|
(31)
|
(34)
|
(36)
|
(33)
|
(37)
|
(37)
|
(41)
|
(40)
|
(30)
|
(30)
|
(23)
|
(22)
|
(23)
|
(25)
|
|
| Gross Profit |
7
N/A
|
7
+3%
|
8
+10%
|
8
-1%
|
8
+3%
|
9
+4%
|
10
+21%
|
12
+15%
|
12
-1%
|
12
+2%
|
14
+13%
|
13
-4%
|
14
+5%
|
14
-1%
|
15
+9%
|
16
+6%
|
16
-2%
|
15
-4%
|
12
-17%
|
12
-3%
|
12
-3%
|
12
+4%
|
12
-5%
|
8
-28%
|
8
-2%
|
8
+2%
|
10
+14%
|
12
+27%
|
12
+1%
|
13
+5%
|
10
-19%
|
11
+3%
|
11
+0%
|
12
+15%
|
13
+5%
|
9
-31%
|
9
+2%
|
7
-25%
|
7
-3%
|
6
-7%
|
7
+8%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(7)
|
(7)
|
(8)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(10)
|
(11)
|
(11)
|
(14)
|
(14)
|
(15)
|
(15)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(11)
|
(11)
|
(12)
|
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(12)
|
(15)
|
|
| Selling, General & Administrative |
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(10)
|
(11)
|
(11)
|
(14)
|
(14)
|
(14)
|
(14)
|
(11)
|
(12)
|
(10)
|
(11)
|
(11)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(12)
|
(15)
|
|
| Research & Development |
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
|
| Operating Income |
0
N/A
|
0
+29%
|
0
+19%
|
1
+44%
|
1
-8%
|
1
+7%
|
2
+211%
|
2
+26%
|
2
-19%
|
2
+8%
|
3
+42%
|
3
-4%
|
3
+4%
|
3
-7%
|
1
-52%
|
2
+23%
|
1
-39%
|
0
-54%
|
1
+78%
|
0
-71%
|
1
+338%
|
1
+22%
|
0
-63%
|
(2)
N/A
|
(3)
-46%
|
(3)
+10%
|
(1)
+54%
|
1
N/A
|
1
-1%
|
2
+20%
|
0
-99%
|
0
+1 000%
|
0
-68%
|
1
+914%
|
1
-24%
|
(3)
N/A
|
(4)
-8%
|
(6)
-54%
|
(6)
-8%
|
(6)
+1%
|
(8)
-37%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
(0)
|
1
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
0
N/A
|
0
+36%
|
0
-3%
|
0
+31%
|
0
-32%
|
0
-8%
|
2
+525%
|
2
+35%
|
2
-21%
|
2
+13%
|
3
+51%
|
3
-4%
|
3
+5%
|
3
-7%
|
1
-58%
|
1
+27%
|
1
-47%
|
0
-80%
|
1
+279%
|
(0)
N/A
|
1
N/A
|
1
+33%
|
0
-75%
|
(2)
N/A
|
(4)
-46%
|
(3)
+23%
|
(0)
+90%
|
2
N/A
|
3
+21%
|
3
+5%
|
0
-86%
|
1
+25%
|
0
-42%
|
0
+45%
|
(0)
N/A
|
(4)
-8 060%
|
(4)
+12%
|
(6)
-67%
|
(6)
-5%
|
(6)
-1%
|
(9)
-36%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
1
|
1
|
0
|
(0)
|
(1)
|
(0)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
0
|
1
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
|
| Income from Continuing Operations |
1
|
1
|
1
|
1
|
0
|
0
|
1
|
2
|
2
|
2
|
3
|
2
|
2
|
2
|
1
|
1
|
1
|
(0)
|
0
|
0
|
1
|
1
|
0
|
(2)
|
(3)
|
(2)
|
(0)
|
2
|
2
|
2
|
1
|
1
|
0
|
0
|
(0)
|
(3)
|
(5)
|
(7)
|
(7)
|
(6)
|
(9)
|
|
| Net Income (Common) |
1
N/A
|
1
+4%
|
1
N/A
|
1
+20%
|
0
-86%
|
0
N/A
|
1
+441%
|
2
+107%
|
2
-11%
|
2
+4%
|
3
+42%
|
2
-28%
|
2
-5%
|
2
-6%
|
1
-64%
|
0
-28%
|
0
-64%
|
(0)
N/A
|
0
N/A
|
0
+175%
|
1
+186%
|
1
+27%
|
0
-75%
|
(2)
N/A
|
(3)
-55%
|
(2)
+23%
|
(0)
+81%
|
2
N/A
|
2
+43%
|
2
+4%
|
1
-76%
|
1
+48%
|
0
-71%
|
0
+43%
|
(0)
N/A
|
(3)
-5 600%
|
(5)
-36%
|
(7)
-53%
|
(7)
-3%
|
(6)
+12%
|
(9)
-37%
|
|
| EPS (Diluted) |
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.04
+33%
|
0
N/A
|
0.01
N/A
|
0.03
+200%
|
0.05
+67%
|
0.04
-20%
|
0.05
+25%
|
0.07
+40%
|
0.05
-29%
|
0.04
-20%
|
0.04
N/A
|
0.01
-75%
|
0.02
+100%
|
0.01
-50%
|
0
N/A
|
0.01
N/A
|
0
N/A
|
0.02
N/A
|
0.02
N/A
|
0.01
-50%
|
-0.04
N/A
|
-0.07
-75%
|
-0.06
+14%
|
-0.02
+67%
|
0.03
N/A
|
0.06
+100%
|
0.06
N/A
|
0.02
-67%
|
0.03
+50%
|
0.14
+367%
|
0.17
+21%
|
-0.01
N/A
|
-1.09
-10 800%
|
-1.65
-51%
|
-1.82
-10%
|
-1.72
+5%
|
-1.32
+23%
|
-1.36
-3%
|
|