Singing Machine Annual Income Statement (OTCMKTS:SMDM)

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$0.47 $0.01 (2.08%) SMDM stock closing price Mar 29, 2017 (Closing)

Financial analysis of Singing Machine involves more than just checking the Singing Machine stock price, by looking at the financial statements of the company in detail. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $39.3M to $48.85M and how operating and non operating activities have impacted the SMDM stock. The operating expenses (also check: Singing Machine assets and Singing Machine free cash flow) as shown in the Singing Machine profit and loss statement 2016 total to $46.9M. This line item has increased from $38.73M compared with last year. 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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It is very helpful to read a report on Singing Machine stock analysis. An investor must check the following items in an income statement:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that SMDM stock has a topline or revenue of $48.85M for 2016 as per this Singing Machine revenue chart. Investors look for stocks with a growing top line.
  • 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. .