Algorhythm (NASDAQ:RIME) Issues Earnings Results

Algorhythm (NASDAQ:RIME) issued its quarterly earnings results on Thursday. The company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.21, FiscalAI reports. The firm had revenue of $2.40 million for the quarter, compared to the consensus estimate of $2.00 million.

Here are the key takeaways from Algorhythm’s conference call:

• Revenue surged 71% sequentially to $2.4 million in Q1 2026, and management said SemiCab’s annualized revenue run rate rose above $12 million, with a target of $15 million to $20 million by year-end.
• The company said it is seeing strong customer traction in India, delivering 5,716 loads across 14 customers and expanding its dedicated truck fleet by 30% during the quarter.
• Algorhythm highlighted new and expanded customer relationships, including Coca-Cola India, MTR Foods, Marico, Bajaj Electricals, and an expanded agreement with Apollo Tyres.
• The balance sheet strengthened materially, with cash rising to $10.9 million and stockholders’ equity returning to a positive $3.2 million, which management said exceeds Nasdaq’s continued listing requirement.
• Management acknowledged missing a $1.5 million note payment, but said it was a deliberate capital-allocation choice rather than a liquidity issue and that it is negotiating a revised schedule under a 45-day forbearance.

Algorhythm Price Performance

RIME stock traded up $0.03 on Thursday, hitting $0.72. 1,255,796 shares of the company’s stock traded hands, compared to its average volume of 711,093. The stock has a market cap of $10.55 million, a price-to-earnings ratio of -0.13 and a beta of -0.21. Algorhythm has a 1-year low of $0.54 and a 1-year high of $4.58. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 2.50. The stock has a fifty day moving average of $1.15 and a 200-day moving average of $1.39.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RIME shares. Wall Street Zen upgraded Algorhythm to a “sell” rating in a report on Saturday, February 14th. Zacks Research raised Algorhythm to a “hold” rating in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.00.

About Algorhythm

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.