Singing Machine Co Q1 EPS $(0.37) Up From $(0.96) YoY, Sales $2.43M Down From $3.38M YoY
Portfolio Pulse from Benzinga Newsdesk
Singing Machine Co (NASDAQ:MICS) reported a Q1 EPS of $(0.37), an improvement from $(0.96) YoY, but sales decreased to $2.43M from $3.38M YoY.
May 16, 2024 | 12:21 pm
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NEUTRAL IMPACT
Singing Machine Co reported a significant improvement in EPS, reducing losses from $(0.96) to $(0.37) YoY. However, sales dropped by 28.29% to $2.43M.
The improvement in EPS is a positive sign, indicating better cost management or operational efficiency. However, the significant drop in sales is a concern and could offset the positive sentiment from the improved EPS.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100