Señorita THC Margaritas
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Why Did RYTHM (RYM) Stock Jump Over 23% Overnight? - Rythm (NASDAQ:RYM)
Benzinga· 2025-11-12 05:15
Core Insights - RYTHM Inc. shares experienced a significant surge of 23.3% in after-hours trading, closing at $30, following a 21.52% decline during regular trading, where it closed at $24.33 [1] Financial Performance - The company reported third-quarter revenue from continuing operations of $4 million, representing a 98% increase from $2 million in the previous quarter [2] - RYTHM ended the quarter with $35.6 million in cash, despite an operating loss of $8.9 million from continuing operations [2] Retail Expansion - RYTHM's flagship product, Señorita THC Margaritas, has launched in over 1,000 Circle K convenience stores nationwide, marking the largest rollout for a hemp-derived THC beverage in U.S. convenience stores [3] - The brand also debuted in select Minnesota Target stores as part of a pilot program for THC beverages [3] Strategic Developments - On August 27, the company acquired intellectual property for notable brands including RYTHM, Dogwalkers, Beboe, and incredibles [4] - The company rebranded from Agrify Corporation to RYTHM Inc. on September 2 [4] Market Position and Outlook - The CEO noted a growing trend among adult consumers, particularly younger generations, who are increasingly opting for THC beverages as an alternative to alcohol [5] - The company is positioned to benefit from the rising mainstream acceptance of THC through both licensing and direct revenue streams [5] Stock Performance - RYTHM's stock has declined by 46.54% over the past month, with a market capitalization of $48.72 million [6] - The stock has a 52-week range of $5.02 to $84.44, indicating significant volatility [6]
RYTHM, Inc. Reports Third Quarter 2025 Results
Globenewswire· 2025-11-07 12:00
Core Insights - RYTHM, Inc. has reported significant growth in revenue and is strategically positioned in the THC beverage market, capitalizing on changing consumer preferences towards THC products over traditional alcohol [4][8]. Financial Performance - Revenue from continuing operations for Q3 2025 reached $4.0 million, a 98% increase from $2.0 million in the previous quarter [8]. - The company reported an operating loss of $8.9 million from continuing operations, compared to a loss of $6.8 million in the prior quarter [8][10]. - The net loss for the quarter was $10.7 million, up from a loss of $7.4 million in the previous quarter [10][11]. Strategic Developments - RYTHM has expanded its beverage portfolio with the launch of RYTHM Beverages and the successful rollout of Señorita THC Margaritas in over 1,000 Circle K stores and select Target locations [5][8]. - The company acquired a portfolio of brand intellectual property, including RYTHM, Dogwalkers, and Beboe, enhancing its market presence [8][10]. - The rebranding from Agrify Corporation to RYTHM, Inc. reflects a new strategic direction aimed at becoming a leader in the THC beverage market [3][8]. Market Positioning - The company is well-positioned to capture the growing demand for THC beverages, particularly among younger consumers seeking alternatives to alcohol [4][5]. - RYTHM's products are available through various channels, including physical retail locations and online delivery services, increasing accessibility [5][6]. Balance Sheet Highlights - As of September 30, 2025, RYTHM had a cash balance of $35.6 million and total assets of $115.2 million [12]. - Total liabilities amounted to $103.4 million, resulting in total equity of $11.7 million [12].
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]