The Singing Machine Company
Income Statement

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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. The Singing Machine Company's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 17% to $39,299,280. Profit margin reached -12%. Total operating expenses were $12,906,878.

Profit Margin

The Singing Machine Company, Inc. (NASDAQ:MICS): Profit margin
2014 31.37M 1.00M 3.2%
2015 39.30M 170.15K 0.43%
2016 48.85M 1.70M 3.49%
2017 52.91M 1.70M 3.22%
2018 60.80M 152.48K 0.25%
2019 46.48M 631.54K 1.36%
2020 41.41M -2.85M -6.9%
2021 45.80M 2.17M 4.74%
2022 47.51M 230K 0.48%
2023 39.29M -4.63M -11.8%

MICS Income Statement (2014 – 2023)

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue
Revenue
39.29M47.51M45.80M41.41M46.48M60.80M52.91M48.85M39.30M31.37M
Cost of revenue
30.09M36.69M33.50M30.32M34.70M45.13M39.08M36.93M30.99M24.27M
Gross profit
9.20M10.81M12.29M11.09M11.77M15.67M13.83M11.91M8.31M7.10M
Operating exp.
Research and development
100K100K100K100K100K200K141.20K196.84K114.52K200.55K
Selling and marketing
3.44M3.58M3.97M7.20M5.11M4.87M5.03M4.65M3.10M2.40M
Total operating expenses
12.90M10.74M10.80M14.03M11.16M11.46M10.84M9.98M7.74M6.82M
Operating income
-3.69M35.42K1.42M-2.94M1.04M1.00M2.98M1.93M568.61K278.96K
Other income (expenses), net
90.29K252.35K1.20M-254.04K442.67K-3.20M-263.30K-335.13K-305.75K-53.44K
Income before tax
-3.60M287.77K2.62M-3.49M791.02K697.36K2.72M1.60M262.85K225.51K
Income tax expense
1.03M57.30K456.86K-641.81K159.48K544.87K1.01M-101.37K92.70K-778.79K
Net income
-4.63M230K2.17M-2.85M631.54K152.48K1.70M1.70M170.15K1.00M
Earnings per share
Basic EPS
-1.650.141.68-2.220.490.121.21.20.130.9
Diluted EPS
-1.650.141.67-2.220.480.121.21.20.130.9
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