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Algorhythm Holdings
(NASDAQ:RIME)
Algorhythm Holdings (RIME) vs. SPDR S&P 500 ETF (SPY)
Algorhythm Holdings Business Overview & Revenue Model
Algorhythm Holdings Earnings Call Summary
Algorhythm Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.34M | 23.49M | 38.93M | 39.30M | 47.51M | 45.80M |
| Gross Profit | 5.41M | 4.78M | 8.25M | 9.21M | 10.81M | 12.30M |
| EBITDA | -23.67M | -22.02M | -7.81M | -2.18M | 1.91M | 3.34M |
| Net Income | -23.74M | -23.26M | -8.53M | -4.64M | 230.00K | 2.17M |
Balance Sheet | ||||||
| Total Assets | 12.70M | 18.30M | 27.71M | 16.65M | 34.06M | 22.30M |
| Cash, Cash Equivalents and Short-Term Investments | 1.13M | 7.55M | 6.70M | 2.90M | 7.38M | 823.37K |
| Total Debt | 1.03M | 650.00K | 4.01M | 735.65K | 10.78M | 3.94M |
| Total Liabilities | 9.88M | 28.82M | 20.14M | 6.32M | 22.26M | 13.20M |
| Stockholders Equity | 2.81M | -9.48M | 7.58M | 10.33M | 11.80M | 9.10M |
Cash Flow | ||||||
| Free Cash Flow | -10.29M | -8.63M | 457.33K | -574.00K | -2.13M | -30.14K |
| Operating Cash Flow | -10.20M | -8.56M | 548.00K | -330.00K | -2.01M | 171.02K |
| Investing Cash Flow | -2.84M | -2.25M | -18.67K | -244.00K | -118.00K | -201.16K |
| Financing Cash Flow | 11.31M | 11.65M | 4.55M | 1.18M | 4.02M | 81.52K |
Algorhythm Holdings Technical Analysis
Algorhythm Holdings Risk Analysis
Algorhythm Holdings Peers Comparison
Algorhythm Holdings Corporate Events
On October 6, 2025, Algorhythm Holdings appointed Scott Thorn and Kapil Gupta to its Board of Directors, enhancing its strategic and technological expertise. Thorn, with a background in luxury hospitality and cannabinoid wellness products, and Gupta, a seasoned technology leader, bring valuable experience to the company. Additionally, Mathieu Peloquin resigned from the Board on the same day, and Bernardo Melo was terminated as Chief Revenue Officer on August 21, 2025, though he remains a Board member.
The most recent analyst rating on (RIME) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Algorhythm Holdings stock, see the RIME Stock Forecast page.
During the latest earnings call, Algorhythm Holdings, Inc. expressed a generally optimistic sentiment, focusing on a strategic pivot towards its high-growth SemiCab business. While challenges with the Singing Machine sales and the need for additional capital were acknowledged, the call emphasized future growth and improved financial metrics, offering a positive outlook.
On August 21, 2025, Algorhythm Holdings, Inc. entered into a securities purchase agreement with Streeterville Capital, LLC to issue and sell shares of its common stock for up to $20 million. The proceeds are intended for working capital and other corporate purposes. The agreement includes an initial pre-paid purchase of $4.39 million and allows for additional purchases over a two-year period, subject to certain conditions. The company is required to file a registration statement for the resale of shares and obtain stockholder approval for issuing shares beyond a certain threshold. Additionally, Joseph Kling resigned from the board of directors on the same date, with no disagreements regarding company operations.
The most recent analyst rating on (RIME) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Algorhythm Holdings stock, see the RIME Stock Forecast page.
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.
Algorhythm Holdings has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The primary reason for this delay is attributed to the inability to file without unreasonable effort or expense. The company anticipates that the report will be filed no later than the fifth calendar day following the prescribed due date. Importantly, Algorhythm Holdings does not expect any significant changes in its financial results compared to the corresponding period of the previous fiscal year. The notification was signed by Alex Andre, the Chief Financial Officer and General Counsel, who emphasized the company’s commitment to compliance.
The most recent analyst rating on (RIME) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Algorhythm Holdings stock, see the RIME Stock Forecast page.