A Business at a Glance
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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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 11M | 23M | 39M | 48M | 46M | 39M |
| Net Income | -29M | - | -4.6M | 230K | 2.2M | -2.9M |
| EPS | $-161.32 | $-353.87 | $-330.00 | $28.00 | $334.00 | $-420.00 |
| Free Cash Flow | 0 | -8.6M | -574K | -2.1M | -30K | -73K |
| ROIC | -350.9% | - | -44.7% | 2.3% | 15.8% | -50.2% |
| Gross Margin | 8.0% | 20.3% | 23.4% | 22.8% | 26.8% | 21.2% |
| Debt/Equity | 79.70 | -0.04 | 0.01 | 0.25 | 0.04 | 0.01 |
| Dividends/Share | $0.00 | $0.00 | - | - | $0.00 | - |
| Operating Income | -11M | -14M | -3.7M | 69K | 1.4M | -3.2M |
| Operating Margin | -96.4% | -59.3% | -9.4% | 0.1% | 3.1% | -8.4% |
| ROE | -28703.0% | - | -45.5% | 2.3% | 27.5% | -50.2% |
| Shares Outstanding | 3M | 2M | 0M | 0M | 0M | 0M |
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 22.9%. Total shareholder yield (buybacks) is 26.8%. At current prices, the estimated annualized return to fair value is -21.4%.
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 -19.2%. This is below average and may indicate limited pricing power.
Algorhythm Holdings, Inc. (RIME) has a market capitalization of $3M. It is classified as a small-cap stock.
Algorhythm Holdings, Inc. (RIME) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 26.78%.
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 -21.4%.
Algorhythm Holdings, Inc. (RIME) operates in the Services-Computer Integrated Systems Design industry, within the Technology sector.
Algorhythm Holdings, Inc. (RIME) reported annual revenue of $23 million in its most recent fiscal year, based on SEC EDGAR filings.
Algorhythm Holdings, Inc. (RIME) generated $-9 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Algorhythm Holdings, Inc. (RIME) reported earnings per share (EPS) of $-353.87 in its most recent fiscal year.
Algorhythm Holdings, Inc. (RIME) has a 5-year average gross margin of 22.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 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 $-4.39, based on its most recent annual SEC filing.