Reports Q2 revenue $2.7M vs $2.44M last year. “Our second quarter was marked by the achievement of several milestones that built upon the momentum that we gathered during our first quarter,” stated Gary Atkinson, Chief Executive Officer of Algorhythm (RIME). “With the acquisition of SemiCab India and the sale of our Singing Machine business, we transformed Algorhythm Holdings into a high-growth, technology-focused AI distribution and logistics company while significantly reducing our cash burn and strengthening our balance sheet.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIME:
- Algorhythm Holdings Delays Quarterly Report Filing
- Algorhythm subsidiary partners with RoaDo to expand carrier fleet access
- Algorhythm Holdings Sells Karaoke Business to Stingray
- Algorhythm completes sale of Singing Machine karaoke business
- Stingray Group acquires assets of The Singing Machine C ompany