Algorhythm Holdings Inc Stock Price, News & Analysis

Algorhythm Holdings (NASDAQ: RIME) announced the appointment of Vasudha Khurana as VP of Brand and Communications for its subsidiary SemiCab's global market. Khurana brings 12 years of marketing experience from prominent companies including Google and Unilever.

At her previous role in PhonePe, Khurana led initiatives that doubled the user base from 250 million to 500 million users. She will now lead SemiCab's brand development, marketing strategies, and global go-to-market initiatives for upcoming product launches. The appointment aligns with SemiCab's expansion plans among global CPG shippers in India and new international markets.

Algorhythm Holdings (NASDAQ: RIME) has announced that its subsidiary, SemiCab India, has secured a supply chain finance receivables facility with Bank of America. This non-dilutive facility will provide access to working capital by enabling accelerated payment on eligible accounts receivable from its three largest global FMCG, industrial, and automotive customers in India.

The facility offers financing at 1% above the Indian one-year Treasury Bill rate (approximately 5.6%) with no limit on eligible receivables. Combined with their recent $4.4 million financing, this ensures capitalization through 2026 to support SemiCab's growth in AI-powered logistics and distribution solutions.

Algorhythm Holdings (NASDAQ:RIME), an AI technology holding company, announced its participation in the upcoming H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, in New York City.

CEO Gary Atkinson will deliver an on-demand presentation about the company's business overview, available to conference attendees starting September 5th at 7:00 AM ET. Additionally, Mr. Atkinson will conduct one-on-one meetings with registered conference attendees throughout the event.

Algorhythm Holdings (NASDAQ: RIME) announced that its subsidiary SemiCab Holdings has secured a master service agreement with Bajaj Electricals, a major Indian electronics manufacturer with $560 million in annual sales. The agreement, which commenced in Q3 2025, will provide enterprise-level shipping services through SemiCab's AI-powered logistics platform across multiple Indian metropolitan markets.

Notably, this partnership marks a significant milestone as it bypasses the typical pilot phase, enabling immediate full-scale implementation. Bajaj Electricals, a subsidiary of the $100 billion Bajaj Group, represents SemiCab's fourth client outside the Indian National Digital Freight Exchange (NDFE), demonstrating the company's expanding market reach in India, the world's fourth-largest economy.

Algorhythm Holdings (NASDAQ: RIME) reported its Q2 2025 financial results, marking significant improvements in performance. Revenue increased to $2.7 million from $2.4 million year-over-year, while gross profit margin expanded to 35.1% from 13.3%. The company substantially reduced its net loss to $0.8 million from $6.1 million in Q2 2024.

Key strategic moves included the acquisition of SMCB Solutions Private Ltd. (SemiCab India) and the sale of its Singing Machine subsidiary for $4.5 million. SemiCab secured five new contracts with major FMCG companies in India and expanded four existing contracts, growing its fleet from 140 to 450 trucks. The company projects its annualized revenue run rate to reach $23 million and aims to expand its fleet to over 1,000 vehicles by end-2025.

[ "Revenue increased to $2.7 million, up from $2.4 million year-over-year", "Gross profit margin significantly improved to 35.1% from 13.3%", "Net loss substantially decreased by $5.3 million to $0.8 million", "Sale of Singing Machine subsidiary for $4.5 million eliminated $4.0 million in liabilities", "SemiCab won five new FMCG contracts and expanded four existing ones by 100-200%", "Fleet size more than tripled from 140 to 450 trucks", "SemiCab's annualized revenue run rate grew from $2M to $7M since January" ]

Algorhythm Holdings (NASDAQ: RIME), an AI technology holding company, has scheduled its Q2 2025 earnings release for August 19, 2025, after market close.

The company will host a conference call on Wednesday, August 20, 2025, at 10:00 a.m. EDT to discuss financial results and provide a business update. Investors can access the call via dial-in number 888-999-3182 using Conference ID: RIME. An audio replay will be available on the company's investor relations website.

Algorhythm Holdings (NASDAQ: RIME) announced that its subsidiary SemiCab has partnered with India-based RoaDo to expand its carrier network and drive revenue growth. RoaDo's platform connects shippers to over 360 Indian trucking companies with more than 10,000 trucks through its real-time marketplace.

The partnership aims to scale SemiCab's access to available trucks in India while reducing empty miles through route optimization. Additionally, both companies plan to introduce SemiCab's AI-driven optimization platform to RoaDo's North American carrier network via an integrated SaaS offering. SemiCab has reported 400% year-to-date growth in sales run rate.

Algorhythm Holdings (NASDAQ: RIME) has sold its Singing Machine karaoke business to Stingray Music USA for $4.5 million in a strategic transaction combining cash payment and assumption of selected liabilities. The deal eliminates approximately $4 million in liabilities from Algorhythm's balance sheet.

The sale marks a pivotal shift as Algorhythm focuses on its SemiCab AI freight platform, which has demonstrated significant growth with annualized revenue reaching $7 million, more than triple its January 2025 levels. The transaction will reduce annual cash outflows by over 70% and streamline operations by eliminating U.S. headcount associated with the consumer electronics division.

Algorhythm Holdings (NASDAQ: RIME) announced that its subsidiary, SemiCab India, has secured an expanded Master Services Agreement with Kellanova India. The agreement positions SemiCab as a top 5 transportation service provider for Kellanova India, focusing on the South-West-Central corridors.

The expansion follows a successful pilot program initiated in 2023, with SemiCab winning the competitive bid in Q1 2025. SemiCab's AI-powered Collaborative Transportation Platform will provide managed transportation services to Kellanova India, which commands approximately 75% market share in India's breakfast cereal category.