Company Provides First Quarter 2024 Results of Operations
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The Singing Machine Company, Inc. (MICS)
Company Research
Source: GlobeNewswire
Fort Lauderdale, FL, May 16, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. ("Singing Machine") (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced its results of operations for the three-months ended March 31, 2024. "We are pleased to report our first quarter results of operations," commented Gary Atkinson, CEO of the Singing Machine. "We have focused on three core areas of operations, which we believe will lead to overall improved profitability in the coming quarters: 1) Improved product sales mix. We are focused on selling more of our higher price-point, best-in-class karaoke products that support our music subscription model. This is expected to improve sell-through rates, reduce marketing expenses, and improve gross margins going forward. 2) Reduce fixed overhead. With the closure of our California warehouse lease and our shift to a fully outsourced 3PL model, we were able to reduce headcount, eliminat
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MICS
Sec Filings
- 6/27/24 - Form 8-K
- 6/27/24 - Form 424B5
- 6/12/24 - Form 8-K
- MICS's page on the SEC website