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Singing Machine Co Inc SMDM

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Morningstar’s Analysis

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Company Profile

Business Description

Singing Machine Co Inc is engaged in the development, production, marketing and distribution of consumer karaoke audio equipment, toy products, accessories, music, and audio consumer electronic products. It contracts for the manufacturing of all its electronic equipment products with factories located in China. The company has also collaborated with a music content service provider that allows the company to offer karaoke downloads and streaming subscription services. This collaboration provides the company with a distribution platform for digital music sales and subscriptions and music sales to customers. Geographically, it derives a majority of revenue from North America and also has a presence in Europe; Asia, and Australia.

Contact
6301 NW 5th Way, Suite 2900
Fort Lauderdale, FL, 33309
T +1 954 596-1000
Sector Technology
Industry Consumer Electronics
Most Recent Earnings Dec 31, 2020
Fiscal Year End Mar 31, 2021
Stock Type Cyclical
Employees 32