# Algorhythm Holdings Inc. (RIME)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $2M  
**Price:** $0.68 (-7.33%)

> Algorhythm Holdings Inc. is a technology-driven holding company specializing in AI platforms for logistics and distribution through its core SemiCab business. SemiCab operates an AI-enabled, cloud-based Collaborative Transportation Platform that leverages real-time data, machine learning predictions, and advanced optimization models to facilitate collaboration among shippers, retailers, distributors, and carriers. This enables fully loaded round trips, reducing empty miles and improving efficiency without altering existing workflows. The platform scales to handle millions of loads and integrates with transportation management systems and electronic logging devices. In India, SemiCab provides managed transportation services to large enterprises in fast-moving consumer goods and manufacturing sectors via pilot programs and multi-year contracts. In the United States, it offers SaaS solutions like the Apex platform to third-party logistics providers and enterprise shippers. Algorhythm Holdings Inc. focuses exclusively on this AI logistics model following the divestiture of its prior consumer electronics operations. Incorporated in 1982 and headquartered in Fort Lauderdale, Florida, the company plays a key role in addressing inefficiencies in the multi-trillion-dollar global truckload transportation market.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4M | -$1M | -$8M | -$16M | — |
| 2024 | $297,000 | -$194,000 | -$8M | -$23M | — |
| 2023 | $39M | $9M | -$4M | -$5M | — |
| 2022 | $48M | $11M | $69,000 | $230,000 | — |
| 2021 | $46M | $12M | $1M | $2M | — |
| 2020 | $39M | $8M | -$3M | -$3M | — |
| 2019 | $44M | $9M | $1M | $631,547 | — |
| 2018 | $61M | $16M | $1M | $152,486 | — |
| 2017 | $53M | $14M | $3M | $2M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $13M | $15M | -$2M | — | — |
| 2024 | $18M | $29M | -$11M | — | — |
| 2023 | $17M | $6M | $10M | $3M | — |
| 2022 | $23M | $13M | $10M | $2M | — |
| 2021 | $17M | $9M | $8M | $396,579 | — |
| 2020 | $17M | $11M | $6M | $345,200 | — |
| 2019 | $12M | $4M | $9M | $211,408 | — |
| 2018 | $13M | $5M | $8M | $813,908 | — |
| 2017 | $12M | $4M | $7M | $2M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2024 | -$9M | $70,000 | -$9M |
| 2023 | -$330,000 | $244,000 | -$574,000 |
| 2022 | -$2M | $118,000 | -$2M |
| 2021 | $171,017 | $201,161 | -$30,144 |
| 2020 | $444,765 | $517,546 | -$72,781 |
| 2019 | $187,454 | $288,741 | -$101,287 |
| 2018 | -$709,999 | $257,468 | -$967,467 |
| 2017 | $1M | $148,228 | $868,359 |
| 2016 | $3M | $135,816 | $2M |
| 2015 | -$1M | $35,600 | -$1M |
| 2013 | $2M | $296,822 | $1M |
| 2012 | -$237,484 | $165,216 | -$402,700 |
| 2011 | $930,962 | $27,000 | $903,962 |
| 2010 | -$754,722 | $291,276 | -$1M |

Source: [CompaniesByCap](https://companiesbycap.com/company/RIME)