Singing Machine Co. Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of $16,617,000 against $8,650,557 for the same period last year. Income from operations was $1,428,503 against $139,211 for the same period last year. Income before provision for income taxes was $1,397,070 against $133,759 for the same period last year. Net income was $1,397,070 or $0.04 per basic and diluted share against $133,759 or $0.00 per basic and diluted share for the same period last year. For the nine months, the company reported net sales of $32,755,791 against $24,588,167 for the same period last year. Income from operations was $2,391,393 against $1,099,178 for the same period last year. Income before provision for income taxes was $2,351,518 against $1,091,382 for the same period last year. Net income was $2,351,518 or $0.06 per basic and diluted share against $1,091,382 or $0.03 per basic and diluted share for the same period last year. Net cash provided by operating activities was $3,428,657 against $1,140,286 for the same period last year. Purchase of property and equipment was $148,262 against $87,216 for the same period last year.

The Singing Machine Company, Inc., Annual General Meeting, Mar 01, 2013., at 09:00 US Eastern Standard Time. Location: 6301 NW 5 Way, Suite 2900. Agenda: To elect six directors to serve until the next Annual Meeting of Shareholders and until their successors shall be elected and qualified; to ratify the appointment of Mallah, Furman & Company, PA as the Company's independent certified public accountants for the fiscal year ending March 31, 2013; and to consider and transact such other business as may properly come before the Annual Meeting.

The Singing Machine Company, Inc. announced unaudited consolidated financial results for the second fiscal quarter and six months ended September 30, 2012. For the quarter, the company announced net sales of approximately $14.3 million compared to $14.1 million in the same period last year, an increase of approximately $0.2 million (approximately 1% increase). Income from operations was $1,443,353 against $1,467,790 a year ago. Income before provision for income taxes was $1,434,911 against $1,465,540 a year ago. Net Income was $1,434,911 against $1,465,540 a year ago. Basic and diluted loss per common share was $0.04 against $0.04 a year ago. The company reports the flat growth in net sales and net income is primarily a timing issue due to retail customers taking delivery later in the year for the holiday. For the six months, the company reported net sales of $16,138,791 against $15,937,610 a year ago. Income from operations was $962,890 against $959,967 a year ago. Income before provision for income taxes was $954,448 against $957,623 a year ago. Net Income was $954,448 against $957,623 a year ago. Basic and diluted loss per common share was $0.03 against $0.03 a year ago. Net cash provided by operating activities was $2,670,466 against net cash used in operating activities of $1,692,471 a year ago. Purchase of property and equipment was $109,262 against $83,369 a year ago.