RYTHM, Inc. Reports Third Quarter 2025 Results
Globenewswire·2025-11-07 12:00

Core Insights - RYTHM, Inc. has reported significant growth in revenue, achieving $4.0 million in the third quarter of 2025, which is a 98% increase from $2.0 million in the previous quarter [8] - The company has launched new products and expanded its market presence, particularly with the Señorita THC Margaritas, which are now available in over 1,000 Circle K stores and select Target locations [5][8] - RYTHM is strategically positioned to capitalize on the growing demand for THC beverages, especially among younger consumers seeking alternatives to alcohol [4][5] Financial Performance - Revenue from continuing operations for Q3 2025 was $4.0 million, up from $2.0 million in Q2 2025 [8] - The operating loss from continuing operations was $8.9 million, compared to a loss of $6.8 million in the prior quarter [10] - The net loss for the third quarter was $10.7 million, compared to a net loss of $7.4 million in the previous quarter [10][11] Market Position and Strategy - RYTHM has acquired a portfolio of well-known THC brands, enhancing its market position and brand recognition [3][8] - The company is focusing on expanding its beverage portfolio and leveraging partnerships with major retailers to increase product accessibility [5][8] - RYTHM aims to establish itself as a leading player in the THC beverage market, emphasizing quality and innovative formulations [6][4] Operational Highlights - The Señorita THC Margaritas brand has gained traction, with significant retail partnerships marking a notable expansion in the convenience store sector [5][8] - The company has a cash balance of $35.6 million, providing a solid financial foundation for future growth initiatives [8][12] - RYTHM's total assets as of September 30, 2025, were reported at $115.2 million, with total equity of $11.7 million [12]