The Singing Machine Company Q2 2024 EPS $(0.95) Vs $(0.64) YoY; Revenue $2.44M Vs $2.625M YoY
Portfolio Pulse from Benzinga Newsdesk
The Singing Machine Company reported its Q2 2024 earnings per share (EPS) at $(0.95), a decline from $(0.64) year-over-year (YoY). Revenue also decreased to $2.44 million from $2.625 million YoY.
August 19, 2024 | 12:09 pm
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The Singing Machine Company reported a significant decline in both EPS and revenue for Q2 2024 compared to the same period last year. EPS fell to $(0.95) from $(0.64) YoY, and revenue decreased to $2.44 million from $2.625 million YoY.
The significant decline in both EPS and revenue indicates weaker financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100