Algorhythm Holdings, Inc. ( (RIME) ) has released its Q2 earnings. Here is a breakdown of the information Algorhythm Holdings, Inc. presented to its investors.
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Algorhythm Holdings, Inc. is an artificial intelligence technology and consumer electronics holding company, operating primarily through its subsidiaries SemiCab and Singing Machine, focusing on AI-enabled logistics software and karaoke consumer products, respectively. In its latest earnings report for the quarter ending June 30, 2025, Algorhythm Holdings, Inc. reported a net loss of $809,000, a significant improvement from the $6.1 million loss in the same period last year. The company’s revenue increased to $2.7 million from $2.4 million, while gross profit rose to $954,000 from $324,000, reflecting improved operational efficiency. Despite these improvements, the company continues to face challenges, including a substantial decrease in cash reserves from $7.6 million to $1.1 million and ongoing legal proceedings. Looking ahead, Algorhythm Holdings plans to secure additional financing to support its operations and address its liquidity concerns, although no specific arrangements have been made yet.