Singing Machine Annual Income Statement (OTCMKTS:SMDM)

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$0.4 $0.03 (6.67%) SMDM stock closing price Oct 25, 2016 (Closing)

SMDM stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Singing Machine stock price. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement for SMDM which implies a YoY revenue growth of $9.55M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. One also needs to look at Singing Machine assets, operating expenses and Singing Machine free cash flow. The profit and loss statement shows revenue of $48.85M for 2016. Revenue has grown by $9.55M YoY for SMDM stock. Singing Machine revenue for 2016 is $48.85M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Apr - Mar. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Singing Machine Net Sales or Revenues
Cost Of Goods Sold (COGS)36.93M30.99M24.27M26.36M20.29M14.92M17.29M25.83M26.38M20.61M
Singing Machine Gross Profit
Research & Development Expense----------
Selling General & Admin Expense9.8M7.61M6.65M6.38M5M4.41M6.5M7.5M7.21M7.26M
Income Before Depreciation Depletion Amortization2.1M0.69M0.44M1.68M0.64M-0.16M-2.51M-1.56M0.46M-1.14M
Depreciation Depletion Amortization0.17M0.13M0.16M0.11M0.17M0.43M0.43M0.45M0.31M0.55M
Non Operating Income-0.07M-0.05M-------0.02M0.02M
Interest Expense0.26M0.25M0.05M0.04M0.01M0.02M0.09M0.13M0.12M0.04M
Singing Machine Pretax Income
Provision for Income Taxes-0.1M0.09M-0.77M-1.61M---0.03M--2.45M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations1.7M0.17M1M3.14M0.46M-0.61M-3.05M-2.19M-0.73M
Extraordinary Items & Discontinued Operations----------
Singing Machine Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS38.6M38.6M-38.36M37.88M37.75M37.52M32.71M30.91B25.08M
Average Shares used to compute Basic EPS38.15M38.1M-37.97M37.88M37.73M37.52M32.71M29.93B21.47M
Income Before Nonrecurring Items1.7M0.17M-3.14M0.46M-0.62M-3.05M-2.19M1.71M-1.72M
Income from Nonrecurring Items---------2.45M
Singing Machine Earnings Per Share Basic Net
Singing Machine Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.04--0.080.01-0.02-0.08-0.07--0.07
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common----------
All figures in USD. M: Millions of USD, B: Billions of USD.

It is very helpful to read a report on Singing Machine stock analysis. An investor must check the following items in an income statement:
  • Topline: A growing topline, as seen from the Singing Machine revenue chart, as is the case with Singing Machine indicates a growing business. One needs to compare the QoQ or YoY topline growth of SMDM stock with its peers like AFTM stock and MSN stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $48.85M - other expenses = $1.7M for SMDM stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Singing Machine historical stock prices provides a lot of details about the firm. .

Singing Machine Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield