Core Insights - Algorhythm Holdings, Inc. has reported significant growth in its third quarter of 2025, transitioning into a high-growth AI technology company following the sale of its Singing Machine business [4][6]. Financial Highlights - Revenue for the third quarter of 2025 increased to $1.7 million, a rise of over 1,200% compared to $0.1 million in the same quarter of 2024 [5][8]. - Operating expenses decreased to $1.2 million in Q3 2025 from $1.8 million in Q3 2024 [5]. - The net loss from continuing operations decreased to $1.9 million in Q3 2025, down from $2.1 million in Q3 2024 [5]. Business Developments - The company completed the sale of its Singing Machine business for $4.5 million, which has helped reduce expenses and refocus on AI technology [6]. - Algorhythm's subsidiary, SemiCab, launched the "Apex" SaaS platform aimed at the $450 billion U.S. full-truckload market, which is expected to generate asset-light recurring revenue [4][6]. - SemiCab's revenue has grown more than 1,200% year-over-year, achieving an annualized run rate of $7 million during the second quarter of 2025 [4][5]. Strategic Initiatives - SemiCab signed a master service agreement with Bajaj Electricals, enhancing its market presence in India [6]. - The company appointed new executives to strengthen its sales and marketing strategies, including Michael Silvagni as VP of U.S. Sales and Vasudha Khurana as VP of Brand and Communications [6]. - A supply chain finance receivables facility was secured with Bank of America to support SemiCab's operations in India [6]. Future Outlook - Future growth is anticipated to be driven by both the SemiCab India and U.S. businesses, with expectations of material recurring SaaS-based revenue from the Apex platform rollout in 2026 [7][8].
Algorhythm Holdings Reports Record 1,273% Year-Over-Year Revenue Growth in its Third Quarter 2025 Financial Results