ENTERTAINMENT REPORTER
SINGING MACHINE COMPANY INC
Music And Digital Media Services
- Strong Stock Advance On News -
SMDM - OTCQX Serious Investors - Buy List
SINGING MACHINE COMPANY INC - Consumer Electronics Show
The Singing Machine Company Inc Today Announced That on January 23, 2018 it Fully Paid Down the Balance of its Revolving Line of Credit
Singing Machines Studio System Makes Anyone Sound Like a Star - Auto Tune Function - Latest Vocal Pitch Karaoke Machine
Stingray and Singing Machine Unwrap New Karaoke App for Android Phones and Tablets
With a superior management team directing this $100 million in sales karaoke and streaming music / entertainment company we feel that these shares should be placed on your Buy List .
This company offers streaming multiplatform music service and digital experiences for, IOS , Android , pay TV operators, commercial establishments, OTT providers, mobile operators, and more. Product Line
Second Quarter Highlights:
-Net sales increased by 17% to $32.8 million for the September 30, 2017 quarter.
-Gross profit for the second quarter increased to $7.7 million compared to $6.5 million in the prior year.
-Gross margin increased by .5% to 23.6%.
-A $2.0 million bad debt reserve was taken as a result of the Toys 'R' Us bankruptcy.
-The Company reported income before tax of $1.2 million for the quarter.
-Earnings per share of $0.02 per share on a fully diluted basis.
