Singing Machine Annual Income Statement (OTCMKTS:SMDM)

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$0.58 $0 (0%) SMDM stock closing price Dec 02, 2016 (Closing)

Looking at financial statements, along with the Singing Machine stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time. The revenue increase of $48.85M for 2016 impacts the SMDM stock. Investors typically check year over year or quarter over quarter revenue growth. The Singing Machine profit and loss statement for 2016 shows a profit of $1.7M. Profits have grown from $0.17M YoY. Apart from this an investor should also check Singing Machine assets and Singing Machine free cash flow. Singing Machine revenue for 2016 is $48.85M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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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
48.85M39.3M31.37M34.43M25.94M19.16M21.27M31.78M34.06M26.73M
Cost Of Goods Sold (COGS)36.93M30.99M24.27M26.36M20.29M14.92M17.29M25.83M26.38M20.61M
Singing Machine Gross Profit
11.91M8.31M7.1M8.06M5.65M4.24M3.98M5.94M7.67M6.11M
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
1.6M0.26M0.22M1.52M0.46M-0.61M-3.05M-2.15M--1.71M
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)
1.7M0.17M1M3.14M0.46M-0.61M-3.05M-2.19M-0.73M
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
0.04-0.030.080.01-0.02-0.08-0.07-0.03
Singing Machine Earnings Per Share Diluted Net
0.04--0.080.01-0.02-0.08-0.07-0.03
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.
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The key things to look for in an income statement while doing Singing Machine stock analysis are:
  • 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 the profit and loss statement. Apart from the income statement, one can check the Singing Machine historical stock prices to check how the price has moved with time. .

Singing Machine Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
9.6670
PS ratio (
price sales ratio
)
0.3866
Operating margin
9.8
Net profit margin
6.4
Dividend yield
0%