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Singing Machine reports Q2 EPS (95c) vs (64c) last year

Reports Q2 revenue $2.44M vs $2.625M last year. “We are pleased to report our second quarter results of operations,” commented Gary Atkinson, CEO of the Singing Machine. “We spent much of the second quarter focused on the necessary due diligence, legal and audit work to close the SemiCab acquisition. Despite these added expenses, we were successful in controlling overall costs, maintain a strong balance sheet, and preparing for a business holiday retail season for our legacy consumer electronics business.”

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