Algorhythm Holdings, Inc.
NNASDAQ:RIMECapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Andrew Thompson
- Full Time Employees
- 49
- Sector
- Consumer services
- Industry
- Movies/Entertainment
- Address
- 6301 NW 5th Way Fort Lauderdale FL United States 33309
- IPO Date
- May 24, 2022
- CIK
- 0000923601
- Website
- algoholdings.com
- Similar Companies
- Business
- Algorhythm Holdings, Inc. (NASDAQ: RIME) is an artificial intelligence technology and consumer electronics holding company that develops, markets, and sells karaoke audio equipment, accessories, musical recordings, and AI-driven logistics platforms. The company offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphones, accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the Singing Machine Kids brand; connected vehicle karaoke devices; and karaoke music subscription services for iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. Through its subsidiary SemiCab Holdings, LLC, Algorhythm Holdings operates a cloud-based Collaborative Transportation Platform that leverages AI/ML predictions and advanced optimization models to create fully loaded round trips for shippers, retailers, distributors, and carriers, reducing empty miles and transportation costs; it recently launched the Apex SaaS platform targeting the U.S. full-truckload market for 3PLs and multi-enterprise shippers. The company sells its products to retailers including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs across North America, Australia, the United Kingdom, Europe, and internationally, with SemiCab serving multinational clients in the U.S. and India. Algorhythm Holdings was incorporated in 1982, founded by Eddie Steele, and is headquartered at 6301 NW 5th Way, Suite 2900, Fort Lauderdale, Florida; it changed its name from The Singing Machine Company, Inc. in September 2024. Recent developments include the acquisition of SemiCab, Inc.'s U.S. business in July 2024 and SemiCab India (SMCB Solutions Private Ltd.) in May 2025 for a $1.75 million promissory note and 119,742 shares of common stock, adding multinational FMCG customers and accelerating revenue growth to a $4.5 million annualized run rate; the sale of its legacy Singing Machine karaoke business to Stingray Group for $4.5 million in 2025, shifting focus to AI technology and reducing operating expenses; a $9.5 million public offering priced in December 2024; and record 1,273% year-over-year revenue growth to $1.7 million in Q3 2025 driven by SemiCab India.
Company News
Algorhythm Highlights Potential $70 Million Project Cash Value as Azure Energy Advances Renewable Power Development
Algorhythm Introduces Azure P2P™, a Renewable Power Generation Process Designed to Deliver Around-the-Clock Power
Algorhythm Appoints New Independent Director
Reviewing Algorhythm (NASDAQ:RIME) & T Stamp (NASDAQ:IDAI)
Algorhythm Expands Executive Team
Algorhythm Terminates Highly-Dilutive $1.4 Million Financing
Algorhythm Eliminates Restrictive Series A Preferred Stock, Improving Financing and Transaction Flexibility
Algorhythm's CEO Andrew Thompson Issues Shareholder Update Outlining Strategic Vision
Algorhythm Completes Transformational $23 Million Acquisition of Leading Renewable Power Plant Developer Serving Fortune 500, AI Data Center and Advanced Manufacturing Clients
Algorhythm Announces CEO Transition in Connection with Transformational Acquisition and Strategic Refocus
Algorhythm Holdings Pursuing Potential Sale and Other Strategic Alternatives for its SemiCab AI Logistics Business
Algorhythm Holdings Announces Strategic Review and Evaluation of Potential Business Combination in Data Center Energy Infrastructure Sector
Algorhythm Holdings Reports Second Quarter 2026 Financial Results
Algorhythm Holdings to Announce its Financial Results for the Second Quarter of 2026
Algorhythm Holdings Provides Mid-Year Business Recap and Goals for Remainder of Year
Algorhythm Holdings Provides Mid-Year Business Recap and Goals for Remainder of Year
SemiCab to Showcase Apex Platform at Reuters Events: Supply Chain USA 2026 as a Gold Sponsor
SemiCab to Showcase Apex Platform at Reuters Events: Supply Chain USA 2026 as a Gold Sponsor
Algorhythm Holdings, Inc. (RIME) Upgraded to Buy: Here's What You Should Know
Algorhythm Holdings Announces New Master Services Agreement with Onida Electronics