The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone accessories and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.
Company profile
Ticker
RIME
Exchange
Website
CEO
Mr. Gary Atkinson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Ault Global Holdings, Inc., BitNile Holdings, Inc., DIGITAL POWER CORP, DPW Holdings, Inc.
SEC CIK
Corporate docs
IRS number
953795478
RIME stock data
Latest filings (excl ownership)
8-K
Algorhythm Holdings Announces Changes to Board of Directors
10 Sep 24
8-K
Amendments to Articles of Incorporation or Bylaws
6 Sep 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
30 Aug 24
8-K
Regulation FD Disclosure
27 Aug 24
10-Q
2024 Q2
Quarterly report
19 Aug 24
NT 10-Q
Notice of late quarterly filing
14 Aug 24
424B5
Prospectus supplement for primary offering
9 Aug 24
8-K
Entry into a Material Definitive Agreement
9 Aug 24
8-K
Departure of Directors or Certain Officers
8 Aug 24
424B5
Prospectus supplement for primary offering
8 Jul 24
Transcripts
RIME
Earnings call transcript
2024 Q2
21 Nov 23
RIME
Earnings call transcript
2024 Q1
18 Aug 23
RIME
Earnings call transcript
2023 Q4
14 Jul 23
RIME
Earnings call transcript
2023 Q4
14 Jul 23
RIME
Earnings call transcript
2023 Q3
21 Feb 23
RIME
Earnings call transcript
2023 Q2
15 Nov 22
RIME
Earnings call transcript
2023 Q1
23 Aug 22
RIME
Earnings call transcript
2022 Q4
15 Jul 22
RIME
Earnings call transcript
2022 Q3
15 Feb 22
RIME
Earnings call transcript
2022 Q3
15 Feb 22
Latest ownership filings
4
MILTON C AULT III
26 Sep 24
4
MILTON C AULT III
24 Sep 24
4
MILTON C AULT III
20 Sep 24
SC 13D/A
Hyperscale Data, Inc.
20 Sep 24
4
MILTON C AULT III
18 Sep 24
4
MILTON C AULT III
17 Sep 24
4
MILTON C AULT III
11 Sep 24
144
Notice of proposed sale of securities
9 Sep 24
4
James Michael Turner
12 Aug 24
4
Mathieu Peloquin
12 Aug 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Mar 23 | Mar 22 | Mar 21 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.25 mm | 1.25 mm | 1.25 mm | 1.25 mm | 1.25 mm | 1.25 mm |
Cash burn (monthly) | 960.00 k | 323.75 k | 2.06 mm | 903.34 k | 951.00 k | 548.65 k |
Cash used (since last report) | 2.79 mm | 939.82 k | 5.97 mm | 2.62 mm | 2.76 mm | 1.59 mm |
Cash remaining | -1.54 mm | 305.18 k | -4.73 mm | -1.38 mm | -1.52 mm | -347.70 k |
Runway (months of cash) | -1.6 | 0.9 | -2.3 | -1.5 | -1.6 | -0.6 |
Institutional ownership, Q1 2024
47.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 4 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 5.06 mm |
Total shares | 4.61 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
GPUS Hyperscale Data | 1.81 mm | $1.99 mm |
Stingray | 1.64 mm | $1.59 mm |
Regalia Ventures | 1.10 mm | $1.07 mm |
Bigger Capital Fund L P | 61.11 k | $411.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.5502 | 21,300 | 11.72 k | 1,589,400 |
24 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.5696 | 38,459 | 21.91 k | 1,610,700 |
23 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.5813 | 17,733 | 10.31 k | 1,649,159 |
20 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.6033 | 200 | 120.66 | 1,666,892 |
19 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.6083 | 31,242 | 19.00 k | 1,667,092 |
18 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.5999 | 1,216 | 729.48 | 1,698,334 |
18 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.6066 | 15,249 | 9.25 k | 1,699,550 |
17 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.6551 | 34,201 | 22.41 k | 1,714,799 |
16 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.6195 | 25,300 | 15.67 k | 1,749,000 |
12 Sep 24 | Milton C Ault Iii | Common Stock | Sell | Dispose S | Yes | No | 0.6198 | 500 | 309.90 | 1,774,300 |
News
The Singing Machine Has Completed The Acquisition Of SemiCab And Will Rebrand To Algorhythm To Focus On Expanded Business Model And Growth Strategy, With New Ticker RIME
5 Sep 24
12 Consumer Discretionary Stocks Moving In Monday's Intraday Session
2 Sep 24
Why Is Karaoke Products Maker Singing Machine's Stock Gaining Today?
5 Jul 24
Market-Moving News for July 5th
5 Jul 24
The Singing Machine Company Says It Completed The Acquisition Of SemiCab; As Part Of Transaction, Company Also Entered Into An Option Agreement To Acquire SMCB Solutions Private Limited
5 Jul 24
Press releases
Algorhythm Holdings to Participate in the iAccess Alpha Buyside Best Ideas Fall Conference 2024 on September 24 and 25, 2024
20 Sep 24
Singing Machine Announces Corporate Rebrand to Algorhythm Holdings, Inc.
5 Sep 24
Singing Machine Announces Participation at The H.C. Wainwright 26th Annual Global Investment Conference September 9-11, 2024
26 Aug 24
Company Provides Second Quarter 2024 Results of Operations
19 Aug 24
Singing Machine to Announce its Financial Results for the Second Quarter of 2024
14 Aug 24