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The Singing Machine Company, Inc. - MICS STOCK NEWS

Welcome to our dedicated page for The Singing Machine Company news (Ticker: MICS), a resource for investors and traders seeking the latest updates and insights on The Singing Machine Company stock.

The Singing Machine Company, Inc. (NASDAQ: MICS) maintains this dedicated news hub for investors and industry observers tracking developments in consumer entertainment technology. Our repository consolidates official press releases and verified updates about the company's product innovations, financial performance, and market initiatives.

This resource provides structured access to critical announcements including quarterly earnings disclosures, new product launches, and strategic partnerships. Users can efficiently monitor the company's progress in advancing home karaoke systems and digital music solutions while staying informed about its position within the competitive consumer electronics landscape.

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The Singing Machine Company showcased its new Sesame Street-branded karaoke products at the 2023 New York Toy Fair. The products have been well received for their entertainment value and educational opportunities. The announcement aligns with the Company's social impact initiative to improve the mental and physical health of children. Highlights of the new line include a Sesame Street Karaoke Backpack and Singing Machine Mini Sparkle Karaoke.
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Singing Machine launches fully redesigned flagship karaoke machine in partnership with Costco, offering improved hardware and software capabilities
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Singing Machine signs lease for karaoke venue in Manhattan, plans to open multiple locations throughout the country
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Singing Machine releases Q2 2023 results, with revenues of $2.6M, a decrease of $9.1M YoY due to prior year's Walmart orders. Gross margins improved to 32.3%, operating expenses increased to $3.3M, and the company has $8.6M in working capital. CEO optimistic about holiday season and upcoming product launches.
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Singing Machine to release Q1 fiscal 2024 earnings tomorrow
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Ault Alliance's subsidiary, The Singing Machine Company, has launched a new party accessory product line available at Walmart stores. The Celebration Mic targets the children's party market and is priced at $9.97. Singing Machine sees this as a promising area of growth and aims to deepen its relationship with Walmart.
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Singing Machine Company, Inc. has launched a new party accessory product line called Celebration Mic, targeting the children's party and event market. The Celebration Mic features pre-recorded songs, LED lights, and an integrated speaker. It is now available at approximately 866 Walmart stores nationwide with a suggested retail price of $9.97. Singing Machine sees this as a promising area of growth and aims to deepen its relationship with Walmart.
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The Singing Machine Company, Inc. released its fiscal year 2023 results, reporting a decrease in revenues compared to the previous year. Gross margins improved due to cost rationalizations and lower logistics costs, but were partially offset by higher labor and fuel costs. Operating expenses increased, mainly due to non-recurring transactions. The overall balance sheet improved, with increased cash on hand and reduced short-term liabilities. The company's CEO highlighted major milestones and growth initiatives for fiscal 2024.
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The Singing Machine Company, Inc.

Nasdaq:MICS

MICS Rankings

MICS Stock Data

7.21M
9.74M
46.83%
4.44%
0.51%
Consumer Electronics
Phonograph Records & Prerecorded Audio Tapes & Disks
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United States
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