Algorhythm Holdings Inc (MICS) FinancialsMICSFinancialAlgorhythm Holdings Inc

Singing Machine Company Inc (MICS) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Karaoke Machines, accounting for 51.5% of total sales, equivalent to $1.26M. Other significant revenue streams include Microphones and accessories and Music Subscriptions. Understanding this composition is critical for investors evaluating how MICS navigates market cycles within the Household Electronics industry.

Evaluating the bottom line, Singing Machine Company Inc maintains a gross margin of 22.36%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -24.64%, while the net margin is 9.17%. These profitability ratios, combined with a Return on Equity (ROE) of -214.26%, provide a clear picture of how effectively MICS converts its operational activities into shareholder value.

In the context of the broader market, MICS competes directly with industry leaders such as CSSE and GPAK. With a market capitalization of N/A, it holds a significant position in the sector. When comparing efficiency, MICS's gross margin of 22.36% stands against CSSE's -17.81% and GPAK's 100.00%. Such benchmarking helps identify whether Singing Machine Company Inc is trading at a premium or discount relative to its financial performance.