Singing Machine Company Inc (MICS)

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SMDM actually makes money too. A lot of it. Sales were up 15% last quarter, while net income was up 300%. Even without the 1-time gain, they would have earned an after tax .04/share in the quarter. Seasonally a better quarter. But so is their fiscal Q3 that just ended on 12/31. Looking forward to that report next month as it should be another fantastic looking comp. Outlook in the last earnings PR sounded very bullish-

"We are also starting to see the beginning of the growth cycle that happens every few years in the Music category that benefits the sales of home karaoke products. We saw success in the category in the spring and summer which are traditionally not high demand times of year for karaoke. One key item that has contributed to that success is our Carpool Karaoke microphone. We experienced tremendous non-seasonal demand and had to rush some re-orders with the manufacturer to catch up with holiday demand. Early forecasts from some our year-round retail partners show that the demand will continue through our fiscal 4th quarter and well into fiscal 2022.”