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SemiCab Secures Multi-Million Dollar Contract Expansion from Marico
Globenewswire· 2025-11-24 14:30
Core Insights - SemiCab has significantly expanded its transportation services engagement with Marico, a leading consumer goods company in India, following a successful pilot program [3][5] - The expansion is expected to generate an annualized revenue opportunity of approximately $3 million for SemiCab, marking its fifth multi-million dollar contract in 2025 [2][4] - The partnership aims to enhance Marico's nationwide operations by providing greater service consistency, improved planning accuracy, and reduced transportation costs [3][4] Company Developments - SemiCab's managed transportation services are powered by an AI technology platform that optimizes logistics by reducing empty miles and improving asset utilization [4][6] - The CEO of SemiCab emphasized the growing momentum in their India business, highlighting that each new contract increases network density and drives greater efficiencies [5] - The company has positioned itself as a key managed transportation partner for large enterprises in India, reinforcing its market presence through multiple significant contract wins in 2025 [4][5] Industry Context - Algorhythm Holdings, the parent company of SemiCab, focuses on AI technology to address supply chain challenges globally, enabling collaboration among manufacturers, retailers, distributors, and carriers [6] - SemiCab's AI-enabled platform allows for the optimization of millions of loads and hundreds of thousands of trucks, enhancing the logistics and distribution industry [6]
Algorhythm Holdings Reports Record 1,273% Year-Over-Year Revenue Growth in its Third Quarter 2025 Financial Results
Globenewswire· 2025-11-19 12:30
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 to Announce its Financial Results for the Third Quarter 2025
Globenewswire· 2025-11-17 13:00
Core Viewpoint - Algorhythm Holdings, Inc. is set to release its third quarter 2025 earnings on November 19, 2025, and will host a conference call to discuss financial results and business updates [1]. Company Overview - Algorhythm Holdings, Inc. is a prominent AI technology company focused on the development of SemiCab, which is emerging as a leader in the global logistics and distribution industry [2]. - Since 2020, SemiCab has been addressing common supply-chain challenges for major retailers, brands, and transportation providers globally [2]. - The company’s AI-enabled, cloud-based Collaborative Transportation Platform is designed to predict and optimize millions of loads and hundreds of thousands of trucks, achieving necessary scalability [2]. - SemiCab utilizes real-time data from API-based load tendering and integrates with TMS and ELD partners to facilitate collaboration among manufacturers, retailers, distributors, and carriers [2]. - The platform employs AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips, allowing shippers to pay less while carriers earn more without changing their operations [2].
The Singing Machine pany(MICS) - Prospectus(update)
2025-10-21 20:32
As filed with the U.S. Securities and Exchange Commission on October 21, 2025. Registration No. 333-290716 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ALGORHYTHM HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 3652 95-3795478 (I.R.S. Employer Identi ...
Algorhythm Holdings Inc.(RIME) - Prospectus(update)
2025-10-21 20:32
As filed with the U.S. Securities and Exchange Commission on October 21, 2025. Registration No. 333-290716 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ALGORHYTHM HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 3652 95-3795478 (I.R.S. Employer Identi ...
The Singing Machine pany(MICS) - Prospectus
2025-10-03 21:24
Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ALGORHYTHM HOLDINGS, INC. (Exact name of registrant as specified in its charter) | elaware | | --- | (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Delaware 3652 95-3795478 (I.R.S. Employer Identification No.) 6301 NW 5th Way, Suite 2900 Fort Lauderdale, FL 33309 (954) 596-100 ...
SemiCab Wins Prestigious Logistics Award, Industry Recognition for Best Value Award
Globenewswire· 2025-09-22 12:00
Core Insights - Algorhythm Holdings, Inc.'s subsidiary, SemiCab Holdings, LLC, won the Best Value Award at LogiMeet 2025, a prestigious event in the fast-moving consumer packaged goods industry [2][3] - The award reflects the effectiveness of SemiCab's AI-enabled Collaborative Transportation Platform, which has expanded its service scope by over 500% since 2023 [3] Company Overview - Algorhythm Holdings, Inc. focuses on AI technology and the development of SemiCab, which addresses global supply-chain challenges for major retailers, brands, and transportation providers [5] - SemiCab's platform utilizes real-time data and advanced predictive optimization models to enhance logistics efficiency, allowing shippers to reduce costs while increasing carrier earnings [5]
SemiCab Appoints New Indian Market Executive
Globenewswire· 2025-09-18 12:00
Company Overview - Algorhythm Holdings, Inc. is an AI technology holding company focused on the growth and development of its subsidiary, SemiCab, which is emerging as a leader in the global logistics and distribution industry [5] - SemiCab's AI-enabled, cloud-based Collaborative Transportation Platform addresses common supply-chain problems globally, enabling major retailers, brands, and transportation providers to optimize millions of loads and hundreds of thousands of trucks [5] Leadership Appointment - SemiCab Solutions Private Limited has appointed Vasudha Khurana as VP of Brand and Communications, who will lead the development of the brand, marketing strategies, and global go-to-market initiatives for multiple product launches [1][4] - Khurana has over 12 years of marketing and business experience, including significant roles at Google, Unilever, and PhonePe, where she helped grow the user base from 250 million to 500 million [2] Strategic Importance - The CEO of SemiCab, Ajesh Kapoor, emphasized that Khurana's expertise in brand storytelling and international marketing will be crucial for scaling SemiCab into a leading global freight technology platform [4] - The company aims to maximize truck utilization and expand its customer base, with Khurana's leadership expected to enhance client engagement and thought leadership in truckload optimization technology [4]
Algorhythm Holdings to Participate in the H.C. Wainwright 27th Annual Global Investment Conference
Globenewswire· 2025-09-03 12:00
Company Overview - Algorhythm Holdings, Inc. is an AI technology holding company focused on providing AI-powered transportation solutions through its primary business unit, SemiCab [4] - SemiCab aims to optimize truck utilization, reduce empty miles, and deliver measurable efficiencies for clients in the U.S. and India [4] Business Model and Technology - SemiCab's Collaborative Transportation Platform is AI-enabled and cloud-based, designed to predict and optimize millions of loads and hundreds of thousands of trucks [5] - The platform utilizes real-time data from API-based load tendering and integrates with TMS and ELD partners to enhance collaboration among manufacturers, retailers, distributors, and carriers [5] - The AI platform allows shippers to pay less while enabling carriers to earn more without requiring operational changes [5] Upcoming Events - Gary Atkinson, the CEO of Algorhythm Holdings, will participate in the H.C. Wainwright 27th Annual Global Investment Conference from September 8–10, 2025, in New York City [1] - A presentation by Mr. Atkinson will be available via webcast for conference attendees, with on-demand access starting September 5 at 7:00 AM ET [2] - One-on-one meetings with Mr. Atkinson can be scheduled by registered conference attendees through the conference scheduling platform [3]
SemiCab Wins New Commercial Contract with Bajaj Electricals
Globenewswire· 2025-08-28 11:00
Core Insights - Algorhythm Holdings, Inc. has signed a master service agreement with Bajaj Electricals, a leading electronics manufacturer in India, with annual sales exceeding $560 million [1] - The agreement involves Algorhythm's subsidiary, SemiCab Holdings, providing AI-powered shipping services aimed at reducing costs and improving delivery accuracy across multiple metropolitan markets in India [2][3] - This partnership marks a significant milestone for SemiCab, as it is one of the first client mandates that bypasses the pilot phase, allowing for a quicker ramp-up and larger market share acquisition [3] Company Overview - Bajaj Electricals, founded in 1938 and based in Mumbai, is a diversified manufacturer of consumer electrical appliances, employing over 2,500 people and operating 19 offices in India [4] - The company has a wide distribution network, selling products through over 400,000 retail locations and is publicly traded on the Bombay Stock Exchange and National Stock Exchange of India [4] - Algorhythm Holdings focuses on AI technology and the development of SemiCab, which addresses supply chain challenges through its AI-enabled Collaborative Transportation Platform [5] Technology and Services - SemiCab's platform utilizes real-time data and advanced predictive optimization models to enhance logistics efficiency, enabling fully loaded round trips for shippers and carriers [5] - The AI-powered software aims to reduce service costs, improve delivery accuracy, and eliminate empty miles in transportation [2][5] - The partnership with Bajaj Electricals is expected to enhance SemiCab's ability to attract more clients in the rapidly growing Indian market [3]