A Business at a Glance
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Algorhythm Holdings, Inc.
RIME
$6M
Mkt Cap
$0.46
-5.24%
Algorhythm Holdings, Inc. (RIME) has a current P/E ratio of 0.0, compared to its historical median P/E of 22.5. The stock is currently considered Cheap based on its historical valuation range.
Algorhythm Holdings, Inc. (RIME) has a 5-year average return on invested capital (ROIC) of -26.5%. This is below average and may indicate limited pricing power.
Algorhythm Holdings, Inc. (RIME) has a market capitalization of $6M. It is classified as a small-cap stock.
Algorhythm Holdings, Inc. (RIME) does not currently pay a regular dividend.
Based on historical P/E analysis, Algorhythm Holdings, Inc. (RIME) appears cheap. The current P/E of 0.0 is 100% below its historical median of 22.5. The estimated fair value CAGR (P/E method) is -20.0%.
Algorhythm Holdings, Inc. (RIME) operates in the Services-Computer Integrated Systems Design industry, within the Technology sector.
Algorhythm Holdings, Inc. (RIME) generated $-7 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Item 1. Business. Unless the context requires otherwise, references in this Annual Report to “we,” “us,” “our,” and Algorhythm refer to Algorhythm Holdings, Inc. and its consolidated subsidiaries. Unless otherwise expressly provided in this Annual Report, all historical per share data, number of shares issued and outstanding, stock awards, and other common stock equivalents set forth herein relating to our common stock have been adjusted to give effect to a reverse stock split of our common stock in a ratio of 1-for-200 effected on February 10, 2025. We are an AI technology and consumer electronics holding company with two primary business units – SemiCab and Singing Machine. SemiCab is an artificial intelligence (“AI”) enabled software logistics business operated through our subsidiary, SemiCab Holdings, LLC.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 23M | 39M | 48M | 46M |
| Net Income | -16M | -16M | - | -4.6M | 230K | 2.2M |
| EPS | $-1.28 | $-1.28 | $-424.64 | $-173.45 | $2.02 | $24.05 |
| Free Cash Flow | -7.3M | -7.3M | -8.6M | -574K | -2.1M | -30K |
| ROIC | -66.5% | -62.5% | - | -60.1% | 0.7% | 15.7% |
| Gross Margin | - | - | -0.8% | 23.4% | 22.8% | 26.8% |
| Debt/Equity | 0.00 | -5.49 | -0.19 | 0.53 | 0.00 | 0.00 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | - | - | $0.00 |
| Operating Income | -7.9M | -7.9M | -8.4M | -3.7M | 69K | 1.4M |
| Operating Margin | 0.0% | - | -35.9% | -9.4% | 0.1% | 3.1% |
| ROE | 0.0% | 256.4% | - | -52.7% | 2.6% | 32.0% |
| Shares Outstanding | 12M | 12M | 0M | 0M | 0M | 0M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 31M | 39M | 49M | 53M | 61M | 44M | 39M | 46M | 48M | 39M | 23M | N/A | 0 |
| Gross Margin | 22.6% | 21.1% | 24.4% | 26.1% | 25.8% | 21.5% | 21.2% | 26.8% | 22.8% | 23.4% | -0.8% | N/A | N/A |
| R&D | 201K | 115K | 197K | 141K | 200K | 100K | 100K | 100K | 100K | 100K | N/A | N/A | N/A |
| SG&A | 4.3M | 4.5M | 5.2M | 5.6M | 6.4M | 5.8M | 6.6M | 6.6M | 6.9M | 9.2M | 4.7M | 6.6M | 6.6M |
| EBIT | 279K | 569K | 1.9M | 3.0M | 1.0M | 1.0M | -3.2M | 1.4M | 69K | -3.7M | -8.4M | -7.9M | -7.9M |
| Op. Margin | 0.9% | 1.4% | 4.0% | 5.6% | 1.6% | 2.4% | -8.4% | 3.1% | 0.1% | -9.4% | -35.9% | N/A | 0.0% |
| Net Income | 1.0M | 170K | 1.7M | 1.7M | 152K | 632K | -2.9M | 2.2M | 230K | -4.6M | N/A | -16M | -16M |
| Net Margin | 3.2% | 0.4% | 3.5% | 3.2% | 0.3% | 1.4% | -7.4% | 4.7% | 0.5% | -11.8% | N/A | N/A | 0.0% |
| Non-Recurring | 135K | 217K | 339K | 60K | 420K | 26K | 180K | 202K | 267K | 533K | 3.6M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 27.0% | 8.6% | 144.8% | 66.1% | 2.8% | 10.1% | -47.8% | 15.7% | 0.7% | -60.1% | N/A | -62.5% | -66.5% |
| ROE | 27.1% | 4.3% | 30.1% | 22.9% | 2.0% | 7.7% | -40.3% | 32.0% | 2.6% | -52.7% | N/A | 256.4% | 0.0% |
| ROA | 8.6% | 1.4% | 16.3% | 14.7% | 1.2% | 5.0% | -19.8% | 13.0% | 1.2% | -18.4% | N/A | -102.3% | -124.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 64K | -1.1M | 2.6M | 1.0M | -710K | 187K | 445K | 171K | -2.0M | -330K | -8.6M | -7.3M | -7.3M |
| Free Cash Flow | -150K | -1.1M | 2.4M | 868K | -967K | -101K | -73K | -30K | -2.1M | -574K | -8.6M | -7.3M | -7.3M |
| Owner Earnings | -211K | -1.3M | 2.4M | 787K | -1.1M | -125K | 143K | 130K | -2.3M | -912K | -9.2M | -7.8M | -7.8M |
| CapEx | 215K | 36K | 136K | 148K | 257K | 289K | 518K | 201K | 118K | 244K | 70K | 14K | 14K |
| Maint. CapEx | 168K | 130K | 172K | 166K | 220K | 260K | 269K | 18K | 200K | 200K | 6K | 8K | 8K |
| Growth CapEx | 47K | 0 | 0 | 0 | 38K | 29K | 248K | 183K | 0 | 44K | 64K | 6K | 6K |
| D&A | 168K | 130K | 172K | 166K | 220K | 260K | 269K | 18K | 200K | 200K | 6K | 8K | 8K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 154.0% | 116.4% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 758K | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | N/A | N/A | 0.0% | N/A | N/A | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 107K | 46K | 24K | 64K | 212K | 52K | 33K | 23K | 44K | 382K | 630K | 434K | 434K |
| Debt Repayment | 11K | 12K | 13K | 1K | 0 | 12K | 14K | 15K | 8K | 92K | 225K | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -2.7M | 371K | -4.2M | N/A | N/A | -179K | -328K | -394K | -2.3M | -2.7M | -5.2M | 11M | 11M |
| Cash & Equiv. | 1.4M | 116K | 2.1M | 2.3M | 814K | 211K | 345K | 397K | 2.3M | 6.7M | 7.2M | -1.1M | -1.1M |
| Long-Term Debt | 14K | 1K | 0 | N/A | N/A | 17K | 3K | N/A | 11K | 46K | N/A | 10M | 10M |
| Debt/Equity | 0.01 | 0.15 | 0.00 | 0.56 | 0.68 | 0.00 | 0.00 | 0.00 | 0.00 | 0.53 | -0.19 | -5.49 | 0.00 |
| Interest Coverage | 5.2 | 2.2 | 7.4 | 15.8 | 3.7 | 4.3 | -13.5 | 3852.3 | N/A | -112.1 | -14.3 | -32.3 | -32.3 |
| Equity | 3.7M | 3.9M | 5.7M | 7.4M | 7.8M | 8.5M | 5.7M | 7.9M | 10M | 7.6M | -11M | -1.9M | -1.9M |
| Total Assets | 12M | 12M | 10M | 12M | 13M | 12M | 17M | 17M | 23M | 28M | 18M | 13M | 13M |
| Total Liabilities | 8.0M | 8.3M | 4.8M | 4.2M | 5.3M | 3.7M | 11M | 8.9M | 13M | 20M | 30M | 16M | 16M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 345K | 2.0M | 2.0M |
| Retained Earnings | -16M | -16M | -14M | -12M | -12M | -12M | -14M | -12M | -15M | -26M | -49M | -65M | -65M |
| Working Capital | 1.4M | 3.6M | 4.7M | 5.5M | 6.6M | 7.1M | 4.3M | 5.9M | 7.8M | 7.0M | -12M | -6.5M | -6.5M |
| Current Assets | 9.4M | 9.3M | 7.6M | 9.7M | 12M | 11M | 14M | 13M | 20M | 23M | 17M | 7.9M | 7.9M |
| Current Liabilities | 8.0M | 5.7M | 2.9M | 4.2M | 5.1M | 3.7M | 9.5M | 7.0M | 12M | 16M | 28M | 14M | 14M |
| Per Share Data | |||||||||||||
| EPS | 180.00 | 0.00 | 240.00 | 240.00 | 0.00 | 0.29 | -1.01 | 24.05 | 2.02 | -173.45 | -424.64 | -1.28 | -1.28 |
| Owner EPS | -37.83 | -201.54 | 331.96 | 110.68 | N/A | -0.06 | 0.05 | 1.44 | -19.74 | -34.11 | -23.43 | -0.63 | -0.63 |
| Book Value | 664.84 | 616.94 | 796.56 | 1,046.79 | N/A | 3.88 | 2.01 | 87.56 | 87.79 | 283.38 | -26.82 | -0.15 | -0.15 |
| Cash Flow/Share | 11.55 | -173.79 | 359.57 | 143.00 | N/A | 0.09 | 0.16 | 1.89 | -17.60 | -12.35 | -21.81 | -0.59 | -1.28 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | N/A | N/A | 0.00 | N/A | N/A | 0.00 | 0.00 | 0.00 |
| Shares Out. | 0.0M | 0.0M | 0.0M | 0.0M | N/A | 2.2M | 2.8M | 0.1M | 0.1M | 0.0M | 0.4M | 12.4M | 12.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 12.0 | N/A | N/A | 32.9 | N/A | N/A | N/A | -0.4 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 7.0 | N/A | N/A | 76.7 | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | 0.9 | 2.2 | N/A | 0.8 | 0.3 | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | 0.2 | 0.2 | N/A | 0.2 | 0.1 | N/A | N/A | N/A |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | -1.3% | -0.6% | N/A | -28.1% | -19.8% | N/A | N/A | -127.4% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 7.6M | 13M | 0 | 7.6M | 2.9M | 0 | 0 | 5.7M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,927.62 | 1,272.14 | 0.00 | 1,176.09 | 372.21 | 0.00 | 0.00 | 0.46 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,440.00 | 1,860.00 | 0.00 | 922.00 | 206.00 | 0.00 | 0.00 | 0.46 |
Algorhythm Holdings, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Algorhythm Holdings, Inc. trades at 0.0x trailing earnings, compared to its 15-year median P/E of 22.5x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average gross margin is 18.1%. At current prices, the estimated annualized return to fair value is -20.0%.
Algorhythm Holdings, Inc. (RIME) reported earnings per share (EPS) of $-1.28 in its most recent fiscal year.
Algorhythm Holdings, Inc. (RIME) has a return on equity (ROE) of 256.4%. This indicates the company generates strong returns for shareholders.
Algorhythm Holdings, Inc. (RIME) has a 5-year average gross margin of 18.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Algorhythm Holdings, Inc. (RIME), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Algorhythm Holdings, Inc. (RIME) has a book value per share of $-0.15, based on its most recent annual SEC filing.