Singing Machine successfully grew market share on its new mobile device, the Carpool Karaoke Microphone, as well as launched a pilot digital content subscription platform on its WiFi-enabled devices.
Provided our forecasts are correct, we are optimistic that this rapidly expanding subscriber base could have an outsized positive impact on our overall profitability mix in the current fiscal year.
Our role in this journey is to accelerate the development of the fundamental technologies, social platforms and creative tools to bring the metaverse to life, and to weave these technologies through our social media apps.
This represents a significantly higher subscription adoption rate faster than unit sales growth.
Through a successful recapitalization in August of 2021, the Company was able to replace the previous majority shareholder with several high-quality institutional investors and a key strategic investor.
Ticket availability Keep your ears open for half-off ticket promotions run by local radio stations, but other than that, general admission tickets are still available at Court of DeLuna during early pass pickup, at and at the Bay Center box office beginning Friday.