Name | Value |
---|---|
Revenues | 3,383.1K |
Cost of Revenue | 2,609.5K |
Gross Profit | 773.6K |
Operating Expense | 2,920.8K |
Operating I/L | -2,147.3K |
Other Income/Expense | 664.3K |
Interest Income | 40.0K |
Pretax | -1,483.0K |
Income Tax Expense | 1,502.5K |
Net Income/Loss | -2,985.6K |
The Singing Machine Company, Inc. develops, markets, and sells consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia. Its products include karaoke machines, microphones, and music entertainment systems for children, as well as karaoke music subscription services for various platforms. The company primarily generates revenue by selling its karaoke products to retailers, including national chains, department stores, specialty stores, and online platforms. Additionally, it offers licensed karaoke microphone products and portable Bluetooth microphones under different brand names. The company's business model revolves around the development and sale of karaoke-related hardware and accessories.