Singing Machine Income Statement - Quarterly (OTCMKTS:SMDM)

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

Stock analysis based on fundamentals means looking at financial statements in addition to the Singing Machine stock price. In the income statement, an investor can check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. Like any other income statement, the SMDM income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a QoQ revenue decline of $11.81M when compared to the same period in the past. 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 $16.32M for 2017-Q3. Revenue has decreased by $11.81M QoQ for SMDM stock. View details of revenue and profits for Singing Machine for latest & last 40 quarters.

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Fiscal year is Apr - Mar. 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2
Singing Machine Net Sales or Revenues
16.32M28.13M4.86M3.66M20.67M21.06M3.47M2.73M18.09M15.95M
Cost Of Goods Sold (COGS)11.28M21.62M3.71M3.17M15.06M16.1M2.6M2.15M14.03M12.79M
Singing Machine Gross Profit
5.03M6.5M1.14M0.51M5.6M4.95M0.85M0.59M4.05M3.16M
Research & Development Expense----------
Selling General & Admin Expense2.93M3.69M1.67M1.86M3.36M3.03M1.55M1.48M2.33M2.53M
Income Before Depreciation Depletion Amortization2.1M2.8M-0.52M-1.34M2.23M1.91M-0.7M-0.89M1.71M0.62M
Depreciation Depletion Amortization0.03M0.04M0.04M0.07M0.04M0.03M0.03M0.04M0.03M0.04M
Non Operating Income-0.01M-0.01M-0.01M-0.04M-0.01M-0.01M-0.01M-0.04M-0.01M-
Interest Expense0.1M0.06M0.01M0.02M0.09M0.1M0.05M0.07M0.11M0.07M
Singing Machine Pretax Income
1.94M2.67M-0.6M-1.42M2.07M1.75M-0.8M-0.99M1.54M0.49M
Provision for Income Taxes0.63M0.86M-0.16M-0.53M0.06M0.68M-0.31M-0.3M0.5M0.17M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations1.31M1.81M-0.44M-0.88M2.01M1.07M-0.5M-0.69M1.03M0.32M
Extraordinary Items & Discontinued Operations----------
Singing Machine Net Income (Profit/Loss)
1.31M1.81M-0.44M-0.88M2.01M1.07M-0.5M-0.69M1.03M0.32M
Average Shares used to compute Diluted EPS39.17M38.98M38.18M38.6M38.69M38.63M38.12M38.6M38.65M38.54M
Average Shares used to compute Basic EPS38.25M38.21M38.18M38.15M38.16M38.14M38.12M38.1M38.12M38.08M
Income Before Nonrecurring Items1.31M1.81M-0.44M-0.88M2.01M1.07M-0.5M-0.69M1.03M0.32M
Income from Nonrecurring Items----------
Singing Machine Earnings Per Share Basic Net
0.030.05-0.01-0.030.050.03-0.01-0.020.030.01
Singing Machine Earnings Per Share Diluted Net
0.030.05-0.01-0.030.050.03-0.01-0.020.030.01
EPS Diluted Before Nonrecurring Items0.030.05-0.01-0.030.050.03-0.01-0.020.030.01
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 $16.32M for 2017-Q3 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 $16.32M - other expenses = $1.31M 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. .