Singing Machine to Announce its Financial Results for the Second Quarter of 2024
Rhea-AI Summary
The Singing Machine Company (NASDAQ: MICS), a leading consumer karaoke products manufacturer, has announced the release date for its Q2 2024 financial results. The earnings report will be unveiled on Monday, August 19, 2024, followed by a conference call at 4:00 PM EDT. During this call, management will discuss financial results and provide a business update, including insights on the integration of SemiCab, an AI-powered technology provider in the global logistics sector. Investors can join the call using the dial-in number 800-245-3047 and conference ID: MICS. An audio rebroadcast will be available later on the company's investor relations website.
Positive
- Timely reporting of quarterly financial results
- Acquisition and integration of AI-powered technology provider SemiCab
- Transparent communication with investors through conference call and audio rebroadcast
Negative
- None.
News Market Reaction
On the day this news was published, MICS gained 5.81%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Fort Lauderdale, FL, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine” or the “Company”) (NASDAQ: MICS) -- the worldwide leader in consumer karaoke products -- today announced that its earnings for its second quarter of 2024 will be released Monday, August 19, 2024. The same day Management will host a conference call at 4:00 PM Eastern time to discuss the financial results and provide a business update. Management will also provide an update on the acquisition integration of SemiCab, an emerging AI-powered technology provider serving the global logistics space.
Conference Call Details:
Date: Monday August 19, 2024
Time: 4:00 PM EDT
Dial-in number: 800-245-3047
Conference ID: MICS
An audio rebroadcast of the call will be available later in the day at: http://www.singingmachine.com/investors
About The Singing Machine
The Singing Machine Company, Inc. (NASDAQ: MICS) is the worldwide leader in consumer karaoke products. Based in Fort Lauderdale, Florida, and founded over forty years ago, the Company designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products. Their portfolio is marketed under both proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street. Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products and is also developing the world’s first globally available, fully integrated in-car karaoke system. The Company also has a new philanthropic initiative, CARE-eoke by Singing Machine, to focus on the social impact of karaoke for children and adults of all ages who would benefit from singing. Their products are sold in over 25,000 locations worldwide, including Amazon, Costco, Sam’s Club, Target, and Walmart. To learn more, go to www.singingmachine.com.
Investor Relations Contact:
investors@singingmachine.com
www.singingmachine.com
www.singingmachine.com/investors
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "may", "could", "expects", "projects," "intends", "plans", "believes", "predicts", "anticipates", "hopes", "estimates" and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon several assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the Company's control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in the Company's filings with the Securities and Exchange Commission. The forward-looking statements are applicable only as of the date on which they are made, and the Company does not assume any obligation to update any forward-looking statements.
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