Algorhythm Holdings, Inc.·Technology

Expansion increases annual contract value to $4.2 million and boosts lane volume by over 50% Fort Lauderdale, FL, May 18, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that its subsidiary, SMCB Solutions Private Ltd. (“SemiCab India”) has been awarded a significant expansion of its managed freight services agreement with Procter & Gamble (P&G) India, increasing the total annual contract value by 32% to $4.2 million.

Expansion increases annual contract value to $4. 2 million and boosts lane volume by over 50% Fort Lauderdale, FL, May 18, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that its subsidiary, SMCB Solutions Private Ltd.

Algorhythm Holdings, Inc. (RIME) Q1 2026 Earnings Call Transcript

Revenue Increases 71% Sequentially as Cash Balance Grows to Almost $11 Million Fort Lauderdale, FL, May 14, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a leading provider of AI-powered logistics solutions, today announced its financial results for the first quarter ended March 31, 2026, including the achievement of a record amount of revenue since becoming a pure-play AI technology company. First Quarter 2026 Financial Highlights Revenue increased $1.0 million, or 71%, sequentially to $2.4 million for the three months ended March 31, 2026 compared to $1.4 million for the three months ended December 31, 2025.

Senior analysts from DAT Freight & Analytics and Bernstein Research joined SemiCab Holdings CEO Ajesh Kapoor to examine the forces reshaping U.S. freight economics. Fort Lauderdale, FL, May 13, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced a recap of SemiCab's Inaugural Freight Network Forum.

Fort Lauderdale, FL, May 12, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that it will release its financial results for the first quarter ended March 31, 2026 on Thursday, May 14, 2026.
Algorhythm Holdings, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The company was formerly known as The Singing Machine Company, Inc. and changed its name to Algorhythm Holdings, Inc. in September 2024. Algorhythm Holdings, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.
Technology
Consumer Electronics
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1994-11-11
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