The Singing Machine Company, Inc. (MICS) Q2 2024 Earnings Call Transcript Summary
The Singing Machine Company, Inc. (MICS) Q2 2024 Earnings Call Transcript Summary
The following is a summary of the The Singing Machine Company, Inc. (MICS) Q2 2024 Earnings Call Transcript:
以下是The Singing Machine Company,Inc.(MICS)2024財年第二季度業績電話會議記錄摘要:
Financial Performance:
金融業績:
Singing Machine reported a decrease in net sales to approximately $2,440,000, down 7% from the previous year due to lower sell-through rates.
Gross profit decreased to $324,000 from $529,000, a 38.8% decline, mainly due to increased sales in excess inventory at significantly lower margins.
Operating expenses increased to approximately $6,478,000, largely impacted by a non-cash write-off of $3,878,000.
Net loss significantly increased to $6,119,000 ($0.95 per share), compared to a loss of $2,460,000 ($0.64 per share) the previous year.
由於銷售速度下降,Singing Machine的淨銷售額下降了約7%至大約2,440,000美元。
由於超額庫存銷售價值顯着下降,毛利潤從529,000美元下降到324,000美元,下降了38.8%。
由於進行了3,878,000美元的非現金沖銷,營業費用增加至約6,478,000美元。
淨損失大幅增加至6,119,000美元(每股0.95美元),上年度爲2,460,000美元的虧損(每股0.64美元)。
Business Progress:
業務進展:
The company closed the acquisition of SemiCab, an AI-powered freight transportation software firm.
Advancements in automotive initiatives for microphone business, emphasizing growth in the karaoke category.
Finalizing corporate rebranding and shifting to a holding company model to manage diverse businesses.
該公司收購了AI貨運運輸軟件公司SemiCab。
在麥克風業務的汽車倡議方面取得了進展,強調卡拉OK類別的增長。
完成公司重新品牌定位並轉型爲控股公司模式以管理各種業務。
Opportunities:
機會:
Expansion in automotive integration and connected TV opportunities for karaoke devices, utilizing OEM partnerships and innovative technologies.
擴大汽車一體化和連接電視機的卡拉OK設備機會,利用OEM合作伙伴和創新技術。
Risks:
風險:
The traditional retail challenges persist, placing pressure on the legacy karaoke business and influencing shifts to more technology-driven platforms.
傳統零售業的挑戰仍在持續,這給傳統卡拉OK業務帶來壓力,促使它向更多科技驅動的平台轉變。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:本文由AI生成。文章內容的準確性無法完全保證。有關更全面的詳細信息,請參閱IR網站。本文只是爲投資者提供參考,沒有任何指導或推薦建議。