Daily Stock Pick 2/14/17

The Singing Machine Company, Inc. (OTC QX: SMDM)

 

Market Cap: $22,477,341

Outstanding Shares: 38,259,303

Float: 10,384,122



Recent News:

The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) ( OTCQX : SMDM ) — the North American leader in consumer karaoke products — today announced its financial results for its third quarter ended December 31, 2016.

Third Quarter and Year-to-Date Highlights:

  • Year-to-date earnings per share of $0.07; EBITDA earnings per share of $0.10.
  • Gross margin for the quarter improved by 3.8% to 30.9%.
  • Net sales year-to-date increased 9% to $49.3 million; net sales for the quarter decreased to $16.3 million based primarily on earlier timing of shipments.
  • Net income before tax for the quarter held approximately the same to $1.9 million, compared to approximately $2.0 million in the same period last year.
  • Year-to-date net income before tax increased 33% to approximately $4.0 million compared to approximately $3.0 million in the same period last year.

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UPTICK Newswire LLC is not an investment advisor. Investors are strongly encouraged to do their own due diligence and review all company documents and press releases to ensure the company noted above fits their own investment qualifications.

Source: Uptick Newswire

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