BNET Industries
Last Fiscal Year Sales:$34.0M
- Public
- US
Dow Jones Description
The Singing Machine Company, Inc., doing business as SMC Global, ("Company," "Singing Machine," "we," "us," or, "our") is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, accessories, music, musical instruments, and licensed youth electronic products. We contract for the manufacturing of all our electronic equipment products with factories located in China. We also produce and market karaoke music, including compact discs plus graphics ("CD+G's"), which contain music and lyrics of popular songs for use with karaoke recording equipment. We obtain the song licenses from major publishers such as EMI, Universal, Sony and Warner and contract for the reproduction of music recordings with independent studios. We have also begun collaborating with a music download service provider for an expanded library of musical selections. This collaboration provides the Company with not only an expanded library of music for sale and distribution; it opens up the Company's music sales to customers who purchase our competitors' karaoke machines as well. Further, the capabilities of the Company's new download music distribution system includes the ability to stream selections from this expanded content library, creating the opportunity to open new revenue sources through the sale of subscriptions. ...
Number of Employees 30
Contact Information
6601 Lyons Rd Bldg A-7
Coconut Creek, Florida 33073
1 954 596 1000
Peer Companies
NAICS Code Integrated Record Production/Distribution: 512220
Recent Events
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Singing Machine Announces 2nd Quarter Earnings Release
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Singing Machine Announces 1st Quarter Earnings Release
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Singing Machine reports $2M annual loss
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The Singing Machine Releases Fiscal 2009 Financial Results
News & Analysis
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the singing machine company inc. - All News and Analysis
The Singing Machine Company Reports 2nd Quarter Results
- 2008-11-14
COCONUT CREEK, Fla. -- The Singing Machine Company ("Singing Machine" or the "Company")(AMEX:SMD) announced today its results for its second quarter fiscal ended September 30, 2008. Second quarter net sales were down approximately $3.5 million (21.7%) as compared with the same quarter last year. The primary reason for the...
The Singing Machine Company Receives Notice from the American Stock Exchange of Failure to Satisfy Certain Listing Standards
- 2008-09-23
COCONUT CREEK, Fla. -- The Singing Machine Company ("Singing Machine" or the "Company")(AMEX:SMD) announced today that is has received notice from the American Stock Exchange (the "Amex" or "Exchange") that the Company's first quarter results for period ended June 30, 2008 was not in compliance with Section 1003aii of the...
The Singing Machine Company Reports 1st Quarter Results
- 2008-08-19
COCONUT CREEK, Fla. -- The Singing Machine Company ("Singing Machine" or the "Company")(AMEX:SMD) today announced its results for its first fiscal quarter ended June 30, 2008. First Quarter Details: First quarter net sales were down from approximately $2.44M to $1.77M (-27%) as compared with the first fiscal quarter...
The Singing Machine Company Announces $1.7M Turn-Around in Income from Operations
- 2008-07-11
COCONUT CREEK, Fla. -- The Singing Machine Company ("Singing Machine" or the "Company") (AMEX:SMD) today announced financial results for the fiscal-year ended March 31, 2008. This year marks the first year the Singing Machine has reported positive income from operations since fiscal-year ended 2003. Year-End Highlights The Company...
Third Quarter Results in for The Singing Machine Company.
- 2008-02-18
M2 PRESSWIRE-18 February 2008-HEADLINES: Third Quarter Results in for The Singing Machine CompanyC1994-2008 M2 COMMUNICATIONS LTD RDATE:18022008 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have...
The Singing Machine Company Announces 25% Increase in Revenue and Doubles its Operating Income in 3rd Quarter
- 2008-02-15
COCONUT CREEK, Fla. -- The Singing Machine Company ("Singing Machine" or the "Company") (AMEX:SMD) today announced financial results for the third-quarter ended December 31, 2007. Singing Machine reported $13.7M in revenue this quarter, an increase of approximately $2.7M (25%) over the same period last year. The Company also reported the...
The Singing Machine Company Announces Promotion of Sales and Operation Executives
- 2008-02-07
COCONUT CREEK, Fla. -- The Singing Machine Company ("Singing Machine" or the "Company") (AMEX:SMD) proudly announces the promotion of Bernardo Melo to Vice-President of Sales and Almina Brady-Dyke to Director of Operations. The Company is also proud to announce the hiring of John Steele as Vice-President of International Sales. ...
The American Stock Exchange Issues Its Acceptance of The Singing Machine Company's Plan of Compliance
- 2007-11-28
COCONUT CREEK, Fla. -- The Singing Machine Company (AMEX:SMD) (the "Company") received written confirmation on November 21, 2007 that the American Stock Exchange ("AMEX") has accepted the Company's plan (the "Plan") to comply with its minimum net equity requirement. The Company must show a minimum shareholders' equity of $4,000,000 in...
The Singing Machine Company Reports Second Quarter Profit Increased by 30%
- 2007-11-05
COCONUT CREEK, Fla. -- The Singing Machine Company (AMEX:SMD) today announced financial results for the period ending September 30, 2007. Revenues for the first half of the year increased by approximately $3.3M over the same period last year - a 21% increase. For the first six months of fiscal 2007,...
The Singing Machine Company Establishes $3.5 Million Credit Facility
- 2007-09-26
COCONUT CREEK, Fla. -- The Singing Machine Company (AMEX:SMD) announced today that it has established a $3.5 million credit facility with Hang Seng Bank, a member of the HSBC Group. "This new banking relationship with Hang Seng Bank improves our ability to serve our major customers, including Sam's Club,...
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