Marico Scales National Transportation Network on SemiCab’s Collaborative Transportation Platform Fort Lauderdale, FL, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today announced that SemiCab has achieved a significant expansion of its transportation services engagement with Marico, one of India’s leading consumer goods companies that operates in the global beauty and wellness space. The expansion represents an annualized revenu ...

PresentationGary AtkinsonCEO, Secretary & Chairman Good morning, ladies and gentlemen. Will this meeting please come to order. My name is Gary Atkinson. I am the Chief Executive Officer and Chairman of the Board of Directors. Welcome to the 2025 Annual Meeting of the Stockholders of Algorhythm Holdings, Inc. An agenda that outlines the order of business for the meeting has been made available. The matters on which the stockholders of the meeting are voting are as follows. Proposal 1: Elect 7 directors. Prop ...

Financial Data and Key Metrics Changes - The company held its 2025 Annual General Meeting, where various proposals were presented for stockholder approval, including a reverse stock split and amendments to the equity incentive plan [1][2][3] - The preliminary report indicated that all proposals, including the election of directors and the amendment to the equity incentive plan, received majority approval from stockholders [12][13][14][15] Business Line Data and Key Metrics Changes - Specific financial data and performance metrics for individual business lines were not disclosed during the meeting [1][2][3] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed in the meeting [1][2][3] Company Strategy and Development Direction - The company proposed a reverse stock split to potentially enhance its stock price and market perception, with a range of 1-for-2 to a maximum of 1-for-10 [9][13] - The reincorporation from Delaware to Nevada was also approved, which may reflect strategic considerations for regulatory or tax advantages [10][13] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [1][2][3] Other Important Information - The meeting included the election of seven directors, with all nominated candidates receiving affirmative votes [12][13] - The company ratified the selection of M&K CPAs as its independent registered public accounting firm for the fiscal year ending December 31, 2025 [15] Summary of Q&A Session - There were no specific questions or answers documented in the meeting [1][2][3]

Financial Data and Key Metrics Changes - The company held its 2025 Annual General Meeting, where various proposals were presented for stockholder voting, including a reverse stock split and reincorporation [1][2][3] - The preliminary report indicated that all proposals, including the amendment to the equity incentive plan and the issuance of shares to Streeterville Capital, were approved by a majority of votes [12][13][14][15] Business Line Data and Key Metrics Changes - Specific financial data and performance metrics for individual business lines were not disclosed in the meeting [1][2][3] Market Data and Key Metrics Changes - No specific market data or key metrics were provided during the meeting [1][2][3] Company Strategy and Development Direction - The company proposed a reverse stock split to potentially enhance its stock price and market perception, with a range of 1-for-2 to a maximum of 1-for-10 [9][13] - The reincorporation from Delaware to Nevada was aimed at potentially benefiting from a more favorable regulatory environment [10][13] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [1][2][3] Other Important Information - The meeting included the election of seven directors, with all nominated candidates successfully elected [12] - The company plans to increase the number of shares authorized for issuance under its equity incentive plan to 5 million [14] Summary of Q&A Session - No Q&A session was documented in the provided meeting records [1][2][3]

Financial Data and Key Metrics Changes - The stockholders approved the proposal to grant discretionary authority to the Board of Directors for a reverse stock split within a range of 1-for-2 to a maximum of 1-for-10, indicating a strategic move to potentially enhance share value [12][13][14] - The company successfully ratified the selection of M&K CPAs as the independent registered public accounting firm for the fiscal year ending December 31, 2025, ensuring compliance and transparency in financial reporting [15] Business Line Data and Key Metrics Changes - The amendment to the 2022 equity incentive plan to increase the number of shares authorized for issuance to 5 million was approved, which may impact employee compensation and retention strategies [14] Market Data and Key Metrics Changes - The approval of the issuance of shares to Streeterville Capital, LLC, in prepaid financing transactions that may collectively equal or exceed 20% of the issued and outstanding shares indicates a significant capital raise strategy [14] Company Strategy and Development Direction - The company is pursuing a reincorporation from Delaware to Nevada, which may provide more favorable business regulations and tax benefits [13] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting, focusing instead on the proposals and voting results Other Important Information - The meeting concluded with the election of seven directors, ensuring continuity in governance and strategic direction [12][13] Summary of Q&A Session - There were no recorded questions or answers during the meeting, as the focus was primarily on the proposals and voting outcomes

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-41405 ALGORHYTHM HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Revenue Growth - Revenue increased to $1.7 million for Q3 2025, up from $0.1 million in Q3 2024, representing a 1,273% year-over-year growth[4] - SemiCab's revenue grew over 1,200% year-over-year, reflecting an annualized run rate of $7 million achieved in Q2 2025[6] - Net sales for the three months ended September 30, 2025, were $1,744,000, compared to $127,000 for the same period in 2024, indicating a significant increase[15] Operating Expenses - Operating expenses decreased to $1.2 million in Q3 2025 from $1.8 million in the same period last year, a reduction of approximately 33%[4] - Total operating expenses for the three months ended September 30, 2025, were $1,214,000, compared to $1,791,000 for the same period in 2024, showing a decrease[15] Net Loss and Financial Performance - Net loss from continuing operations decreased to $1.9 million in Q3 2025 compared to $2.1 million in Q3 2024, a decline of about 10%[4] - Loss from operations for the three months ended September 30, 2025, was $(1,565,000), compared to $(1,823,000) for the same period in 2024, indicating an improvement[15] - Net loss from continuing operations for the three months ended September 30, 2025, was $(1,882,000), compared to $(2,106,000) for the same period in 2024, showing a reduction in losses[15] - Net income (loss) for the three months ended September 30, 2025, was $(2,982,000), compared to $974,000 for the same period in 2024, reflecting a significant decline[15] Cash and Liabilities - Cash on hand was $2.8 million as of September 30, 2025, down from $7.2 million at the end of 2024[13] - Total current liabilities decreased to $10.5 million in Q3 2025 from $28.4 million in the same period last year[13] Strategic Initiatives - Algorhythm completed the sale of its Singing Machine business for $4.5 million, significantly reducing expenses and focusing on AI technology[5] - The new "Apex" SaaS platform is expected to tap into the $450 billion U.S. full-truckload market, providing asset-light recurring revenue[6] - SemiCab's fleet expansion to 450 trucks is projected to generate over $23 million in annual revenue[6] - SemiCab secured a supply chain finance receivables facility with Bank of America to access low-cost working capital for its India business[8] Gross Margin - Gross loss for the three months ended September 30, 2025, was $(351,000), compared to $(32,000) for the same period in 2024, reflecting a deterioration in gross margin[15] Shareholder Information - Basic and diluted loss per common share from continuing operations for the three months ended September 30, 2025, was $(0.72), compared to $(0.21) for the same period in 2024[15] - Basic and diluted loss per common share from discontinued operations for the three months ended September 30, 2025, was $(0.43), compared to $0.34 for the same period in 2024[15] - Weighted average common shares for the three months ended September 30, 2025, were 2,568,508, compared to 9,095,504 for the same period in 2024[15] Other Expenses - The company reported a total other expense of $(293,000) for the three months ended September 30, 2025, compared to $(283,000) for the same period in 2024[15]

Core Insights - Algorhythm Holdings reported a remarkable 1,273% year-over-year revenue increase, which is a significant indicator of the company's growth potential [1] Company Performance - The substantial revenue growth is not just noteworthy for its size but also suggests underlying factors contributing to this performance [1]

Algorhythm Holdings (NasdaqCM:RIME) Q3 2025 Earnings Call November 19, 2025 10:00 AM ET Company ParticipantsGary Atkinson - CEOAlex Andre - CFOConference Call ParticipantsEric Nickerson - Research AnalystOperatorGood day, everyone, and welcome to the Algorhythm Holdings Third Quarter 2025 Financial Results Earning Call. My name is Elvis, and I'll be your operator today. As a reminder, this call is being recorded. We have a brief Safe Harbor Statement, and then we'll get started. This call contains forward-l ...

Algorhythm Holdings (NasdaqCM:RIME) Q3 2025 Earnings Call November 19, 2025 10:00 AM ET Company ParticipantsGary Atkinson - CEOAlex Andre - CFOConference Call ParticipantsEric Nickerson - Research AnalystOperatorGood day, everyone, and welcome to the Algorhythm Holdings Third Quarter 2025 Financial Results Earning Call. My name is Elvis, and I'll be your operator today. As a reminder, this call is being recorded. We have a brief safe harbor statement, and then we'll get started. This call contains forward-l ...