Current PPS: $0.18
Hokies Target: $2.50
Shares Outstanding: 38 million
Shares Float:17 million
Market Cap: $7 million
Recent Announcements:
-The Company reported third-quarter net sales of approximately $16.6 million, as compared to net sales of approximately $8.7 million in the same quarter last year (increase of 90%).
-The Company also posted quarterly net income of approximately $1.4 million for the quarter ($0.04 per share), and year-to-date net income of approximately $2.4 million ($0.06 per share). Gross margin was 24.2% compared to 20.8% in the year-ago quarter.
-The Company also reported a record-breaking quarter for its eCommerce business where the Company increased its internet sales volume by over 145% compared to the year-ago quarter.
-Year-to-date, the Company has added over $8 million in new additional net sales compared to the same period last year and improved our bottom line by almost $1.3 million.
-The Company reported that during the holiday period, its Singing Machine Mobile Karaoke App was the #3 most downloaded app in the iTunes™ music section.
-Cash on hand end of last quarter was $3.5 million, or $0.09 a share.
Conclusion:
Company earned $0.04 last quarter. If they earn $0.15 to $0.20 cents in 2013, give this the industry PE of 15 and you have a $2.25 to $3.00 price per share.
Great place to add.
Recent MICS News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 09:31:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 10:00:06 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 11:30:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 01:16:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 10:02:08 AM
- Singing Machine Announces Corporate Rebrand to Algorhythm Holdings, Inc. • GlobeNewswire Inc. • 09/05/2024 11:00:00 AM
- Singing Machine Announces Availability of New Sesame Street Branded Product Line • GlobeNewswire Inc. • 09/04/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 09:00:25 PM
- Singing Machine Announces Participation at The H.C. Wainwright 26th Annual Global Investment Conference September 9-11, 2024 • GlobeNewswire Inc. • 08/26/2024 11:00:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 12:00:52 PM
- Company Provides Second Quarter 2024 Results of Operations • GlobeNewswire Inc. • 08/19/2024 12:00:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 08:30:19 PM
- Singing Machine to Announce its Financial Results for the Second Quarter of 2024 • GlobeNewswire Inc. • 08/14/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 01:52:33 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 01:52:32 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 01:52:31 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 01:52:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 01:52:28 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 01:52:27 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 01:52:26 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 01:52:24 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/09/2024 09:09:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 09:06:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 09:00:14 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM