Algorhythm Holdings Announces $12 Million Annualized Revenue Run Rate

Algorhythm Holdings (NASDAQ: RIME) said SemiCab surpassed a $12 million annualized revenue run rate (ARR) on April 20, 2026, a >20% increase from the $10 million ARR reported in December 2025.

Rhea-AI Summary

Algorhythm Holdings (NASDAQ: RIME) said SemiCab surpassed a $12 million annualized revenue run rate (ARR) on April 20, 2026, a >20% increase from the $10 million ARR reported in December 2025. Growth was driven by new contracts, expansions, wider lane coverage and AI orchestration adoption.

The company highlighted SemiCab's managed services traction in India with enterprise customers and the recent U.S./European launch of its Apex SaaS platform targeting 3PLs, dedicated fleets and enterprise shippers.

Positive

• ARR +20%+ to $12 million
• Apex SaaS launched for U.S. and European markets
• Enterprise customer traction including P&G, Coca-Cola, Kellanova, Unilever

Negative

• None.

Argus Apr 20 session

-3.70% close to close Open Argus

Details

News Market Reaction – RIME

On Apr 20, the day this news came out, RIME closed 3.70% below the previous close.

Data tracked by StockTitan Argus for the Apr 20 session.

Key Figures

Annualized revenue run rate: $12 million ARR growth: more than 20% Previous ARR: $10 million

Annualized revenue run rate

$12 million

SemiCab ARR at time of announcement

ARR growth

more than 20%

Increase over prior $10 million ARR disclosed Dec 2025

Previous ARR

$10 million

ARR milestone previously announced in late December 2025

Historical Context

5 past events · Latest: Apr 02

5 events

1. Apr 02

   Earnings results

   24h Move

   -4.5%

   Reported 2025 revenue surge, reduced net loss, stronger SemiCab ARR metrics.

2. Apr 01

   Earnings date announcement

   24h Move

   +21.1%

   Scheduled full-year 2025 results call and business update for investors.

3. Mar 16

   Executive hire

   24h Move

   -4.8%

   Named VP of U.S. Sales to drive SemiCab Apex SaaS go-to-market.

4. Mar 12

   Platform performance update

   24h Move

   +17.2%

   Highlighted SemiCab’s ability to cut empty miles and fuel costs for carriers.

5. Mar 05

   Customer win

   24h Move

   -6.3%

   Announced MTR Foods joining SemiCab platform as another enterprise customer.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

annualized revenue run rate, arr, ai-powered, managed services, +3 more

7 terms

annualized revenue run rate financial

"Announces $12 Million Annualized Revenue Run Rate"

Annualized revenue run rate is an estimate of how much revenue a company would generate over a full year if its current short-term sales pace (for a week, month or quarter) continued unchanged; it simply multiplies the recent period’s revenue to project a 12‑month total. Investors use it as a quick snapshot to judge growth and set expectations—like using a car’s current speed to estimate yearly mileage—but it can mislead if the recent period was unusually high or low.

arr financial

"SemiCab has surpassed a $12 million annualized revenue run rate (ARR)"

ARR, or Annual Recurring Revenue, is the predictable income a business expects to earn each year from ongoing customer subscriptions or contracts. It’s like a steady paycheck that shows the company's ability to generate consistent revenue over time, helping investors assess its stability and growth potential. ARR provides a clear picture of how well a company is performing in building long-term customer relationships.

ai-powered technical

"a leading provider of AI-powered logistics solutions"

"AI-powered" describes technology that uses artificial intelligence to perform tasks, make decisions, or analyze information automatically. It’s similar to having a highly skilled assistant that can learn from data, recognize patterns, and improve over time, helping to make processes faster and more accurate. For investors, this means better insights and more efficient operations, potentially leading to smarter investment choices.

managed services technical

"strong reputation for its managed services model in India"

Managed services are when a business hires an outside provider to run and maintain a specific ongoing function—commonly IT, cybersecurity, networks, or back-office tasks—under a contract that includes monitoring, updates and problem resolution. For investors this matters because it creates predictable costs and recurring revenue for the provider while reducing operational risk and capital spending for the client, much like hiring a building superintendent to keep systems running so management can focus on growth.

saas technical

"recently launched its Apex SaaS platform for the U.S. and European markets"

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

3pls technical

"model to 3PLs, dedicated fleet operators, and enterprise shippers"

3PLs are third‑party logistics providers — outside companies hired to handle warehousing, packing, shipping and related supply‑chain services for a business. Think of them as a professional moving and delivery team a company rents instead of running its own trucks and warehouses. Investors care because using 3PLs changes a company’s costs, speed of delivery, inventory flexibility and exposure to logistical risks, all of which can affect sales, margins and growth prospects.

orchestration engine technical

"The platform’s orchestration engine automates freight planning, dispatch"

An orchestration engine is software that coordinates and automates a sequence of tasks across different computer systems and services, making sure each step happens in the right order, on time, and recovers if something fails. Think of it as a conductor for a company’s digital operations, linking pieces that otherwise wouldn’t talk to each other. Investors care because it improves reliability, speeds delivery, cuts operational costs, and makes scaling or launching new services faster and less risky.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Rapid Growth Driven by Expanding Freight Network and Strong Enterprise Demand

Fort Lauderdale, FL, April 20, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that SemiCab has surpassed a $12 million annualized revenue run rate (ARR), reflecting continued strong growth in both customer demand and network scale.

This milestone represents a more than 20% increase over the $10 million ARR previously announced in late December 2025. The increase was fueled by new contract wins, contract expansions, expanded lane coverage across existing enterprise customers, and increasing adoption of the platform’s AI-driven orchestration capabilities.

“We are excited with the rapid growth we are experiencing,” said Gary Atkinson, Chief Executive Officer of Algorhythm Holdings. “Surpassing $12 million in ARR just a few months after hitting the $10 million mark is a testament to the power of the SemiCab platform and the clear value it delivers to customers. As more enterprise shippers prioritize network optimization, labor efficiency, and environmental impact, SemiCab is emerging as the right solution at the right time.”

SemiCab has developed a strong reputation for its managed services model in India, with enterprise customers including the India segments of Procter & Gamble, Coca-Cola, Kellanova, and Unilever using its solutions. SemiCab recently launched its Apex SaaS platform for the U.S. and European markets, offering its collaborative freight orchestration model to 3PLs, dedicated fleet operators, and enterprise shippers through a high-margin, asset-light software experience. The platform’s orchestration engine automates freight planning, dispatch, and optimization across hundreds of lanes, enabling scalable operations with minimal overhead.

“Our solutions offer a smarter way to move freight, and our recent customer wins and contract expansions validate the effectiveness of our solutions,” continued Atkinson. “Whether through managed services or software, we’re helping customers reduce empty miles, cut fuel spend, and operate more resilient networks — and our revenue growth reflects the significant impact our solutions are having on our customers.”

About Algorhythm Holdings

Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com.

Investor Relations Contact

Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com

Media Contact

FischTank PR
Algorhythm@fischtankpr.com

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors contained in the company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the other reports the company has filed with the SEC. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of these forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does SemiCab’s $12 million ARR announcement mean for Algorhythm (RIME)?

It signals accelerating commercial momentum with ARR rising over 20% since December 2025. According to the company, growth reflects new contract wins, contract expansions and wider lane coverage that are increasing platform adoption and network scale across enterprise customers.

How much did SemiCab’s ARR grow compared to December 2025 for RIME?

ARR increased from $10 million to $12 million, an increase of more than 20%. According to the company, the change occurred within a few months driven by new contracts, expansions and greater adoption of its AI-driven orchestration capabilities.

Which customers validate SemiCab’s traction mentioned by Algorhythm (RIME)?

Notable enterprise customers include the India segments of P&G, Coca-Cola, Kellanova and Unilever. According to the company, these customers use SemiCab’s managed services, demonstrating enterprise demand and trust in the platform’s operational model.

What is Apex SaaS and how does it affect Algorhythm’s growth (RIME)?

Apex SaaS is a collaborative freight orchestration platform now launched for U.S. and European markets. According to the company, it offers high-margin, asset-light software to 3PLs, dedicated fleets and enterprise shippers, expanding addressable market and revenue channels.

What operational benefits does SemiCab claim to deliver to shippers and carriers for RIME?

SemiCab says its orchestration engine reduces empty miles and fuel spend while improving dispatch and planning efficiency. According to the company, automated freight optimization across hundreds of lanes enables scalable operations with minimal overhead for enterprise customers.

Is the $12 million ARR a one-time figure or indicative of recurring revenue for RIME?

The $12 million figure is presented as an annualized revenue run rate, indicating a recurring-revenue run-rate view rather than a single-period number. According to the company, the ARR reflects ongoing contract wins and expansions across its customer base.