AveragePenny
3週前
$RIME Algorhythm Holdings Announces Record First Quarter 2026 Financial Results
https://www.globenewswire.com/news-release/2026/05/14/3294874/0/en/algorhythm-holdings-announces-record-first-quarter-2026-financial-results.html
Revenue Increases 71% Sequentially as Cash Balance Grows to Almost $11 Million
Fort Lauderdale, FL, May 14, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a leading provider of AI-powered logistics solutions, today announced its financial results for the first quarter ended March 31, 2026, including the achievement of a record amount of revenue since becoming a pure-play AI technology company.
First Quarter 2026 Financial Highlights
Revenue increased $1.0 million, or 71%, sequentially to $2.4 million for the three months ended March 31, 2026 compared to $1.4 million for the three months ended December 31, 2025.
Revenue increased $2.3 million, or 1,851%, year-over-year to $2.4 million for the three months ended March 31, 2026 from $123,000 for the three months ended March 31, 2025.
Cash and restricted cash totaled $10.9 million at March 31, 2026, an increase of 78% compared to $6.1 million at December 31, 2025.
Net loss decreased $3.9 million, or 42%, to $5.4 million (of which $1.8 million consisted of non-cash expenses) for the three months ended March 31, 2026 from $9.3 million for the three months ended March 31, 2025.
Total assets grew 45% to $18.5 million at March 31, 2026 compared to $12.7 million at December 31, 2025.
“We are off to a strong start in 2026, with first quarter revenue growing more than 71% sequentially and more than 1,800% year-over-year as we continue to scale our SemiCab business,” stated Gary Atkinson, Chief Executive Officer of Algorhythm Holdings. “Our SMCB acquisition in May 2025 continues to deliver meaningful results, and our customer base in India is broadening as existing customers expand their lane coverage and new enterprise shippers come on board. With our Apex SaaS platform opening the door to the U.S. and European markets, we believe we are well-positioned to sustain strong revenue growth throughout the remainder of 2026.”
“Our balance sheet strengthened significantly during the first quarter,” added Alex Andre, Chief Financial Officer of Algorhythm Holdings. “We ended the quarter with $10.9 million in cash and restricted cash, up from $6.1 million at year-end 2025, providing us with substantially greater liquidity to support the growth of our SemiCab business. As of May 12, 2026, we had a cash and restricted cash balance of almost $9.4 million.
“We also reduced our net loss by more than 40% year-over-year, reflecting both the elimination of prior-year non-cash warrant charges and continued discipline in managing our operating expenses relative to revenue growth,” added Mr. Andre. “Importantly, we returned to positive stockholders’ equity of $3.2 million from a deficit of $1.9 million at the end of 2025, a swing of approximately $5.0 million, which exceeds the $2.5 million threshold required by Nasdaq’s continued listing standards.”
The Company expects net sales to continue to grow over the remainder of 2026 as its SemiCab business expands its customer base in India and begins generating revenue in the United States and Europe through its Apex SaaS platform.
First Quarter 2026 Business Highlights
During its first fiscal quarter, the Company made several notable announcements, including the following:
The Company achieved an annualized revenue run rate (ARR) of more than $12 million.
It entered into new service agreements with Coca-Cola India and MTR Foods and was awarded a contract expansion with Unilever India and Apollo Tyres.
It raised an additional $9.5 million under its existing $20 million financing facility.
SemiCab appointed Jonathan Miller as Vice President of U.S. Sales to drive sales of its Apex SaaS platform offering in the U.S. and Europe, bringing almost 30 years of logistics and freight technology leadership experience to the company.
“SemiCab has evolved into a leading high-growth AI logistics company that is delivering real savings, real efficiency gains, and real environmental benefits to some of the world’s largest shippers,” stated Mr. Atkinson. “The rollout of our Apex SaaS platform marks our entry into the more than $450 billion U.S. full-truckload market and provides us with the opportunity to generate asset-light, recurring revenue with attractive gross margins. We remain focused on disciplined execution, prudent capital management, and continued investment in the technology and customer relationships that we believe will drive long-term shareholder value.”
Conference Call Details
Management will host a conference call to discuss the financial results and provide a business update.
Date: Thursday, May 14, 2026
Time: 10:00 a.m. EDT
Dial-in number: 888-999-3182
Conference ID: RIME
INV4
3月前
Algorhythm Holdings’ SemiCab Platform Significantly Reduces Fuel Costs for Carriers
March 12, 2026
Algorhythm Holdings (NASDAQ: RIME) says its SemiCab AI-driven freight orchestration platform can reduce empty miles by more than 70%, lowering fuel cost per load and improving carrier margins. The company highlights a >$1 trillion global opportunity from avoidable freight inefficiencies and says its SaaS and India services are insulated from fuel-price margin pressure.
SemiCab integrates with existing TMS, optimizes routing and load pairing in real time, and supports carriers, 3PLs and shippers seeking cost predictability amid rising oil prices (March 12, 2026).
Positive
• Empty miles reduced by more than 70%
• Addresses a >$1 trillion annual avoidable-cost market
• SemiCab integrates with existing TMS as deployable SaaS
• Indian services and Apex SaaS are insulated from fuel-price margin impact
Negative
• None
=======================
AI-Powered Freight Optimization Can Reduce Empty Miles by Up to 70%, Helping Carriers and Shippers Cut Fuel Costs Significantly
3/12/2026 - 09:15 AM
Fort Lauderdale, FL, March 12, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today highlighted how its SemiCab platform is uniquely positioned to help freight operators offset the financial strain of rising oil prices through intelligent freight orchestration.
With global oil prices surging once again due to ongoing supply constraints and geopolitical tensions, transportation costs are climbing — placing pressure on carrier margins and shipper budgets. In this environment, eliminating inefficiencies, such as empty miles, takes on even more importance for those affected.
SemiCab’s Collaborative Transportation Platform uses AI and predictive optimization to reduce empty miles by more than 70%, helping carriers significantly reduce their average fuel cost per load.
“With one in every three miles still driven empty in the freight industry, carriers are incurring enormous fuel costs for which they are getting nothing in return,” said Gary Atkinson, CEO of Algorhythm Holdings. “SemiCab attacks this waste at the network level, making carriers far more efficient.”
The global freight industry spends over $1 trillion annually on avoidable costs linked to inefficient routing and underutilized capacity. SemiCab directly addresses this problem, reducing fuel costs for 3PLs, shippers and carriers by:
• Reducing total miles driven by minimizing empty backhauls;
• Optimizing route planning and load pairing using real-time AI;
• Enabling carriers to protect profit margins without raising rates; and
• Helping shippers improve cost predictability and supply chain resilience.
The SemiCab platform is a deployable SaaS platform that 3PLs, shippers and carriers can incorporate over their existing freight network. It augments and complements their existing transportation management systems (TMS), seamlessly integrating across their entire freight network.
“Carriers utilizing legacy freight markets are in a precarious position,” added Atkinson. “They need to change if they want to compete and succeed. Those who adopt an orchestrated network model like ours that reduces costs while increasing throughput will be the long-term winners.”
With operations scaling in India and fuel costs rising globally, Atkinson clarified the impact on its SemiCab Managed Services business, “Our services business in India and our Apex SaaS product is not directly exposed to fuel price volatility. Fuel costs are treated as variable line items, any increases are passed directly through to customers via fuel surcharges. As a result, rising oil prices have no material impact on our margins or earnings profile in the Indian market or on our SaaS technology products.”
About Algorhythm Holdings
Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com
Investor Relations Contact
Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com
Media Contact
FischTank PR
Algorhythm@fischtankpr.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2024. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.
Link article
$RIME 🗞️
INV4
3月前
SemiCab Awarded Pilot with Coca-Cola India
Feb 24, 2026
Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today announced that SemiCab has been awarded a pilot program with Hindustan Coca-Cola Beverages Private Limited (“Coca-Cola India”), a subsidiary of The Coca-Cola Company and its largest bottling partner in India, to launch a pilot transportation program on SemiCab’s collaborative freight platform.
SemiCab will onboard Coca-Cola India onto SemiCab’s Collaborative Transportation Platform, marking a major milestone in SemiCab’s expansion within India’s fast-moving consumer goods (FMCG) sector. The deal also continues SemiCab’s recent momentum following contract wins with other industry leaders like Procter & Gamble (P&G) India, Unilever India, Asian Paints, and Marico.
The pilot program is designed to evaluate SemiCab’s performance in reducing empty miles, improving delivery efficiency, and cutting transportation costs. If successful like the other pilot programs the company has participated in, this proof-of-concept program could pave the way for a broader rollout of SemiCab’s solution.
SemiCab’s cloud-based Collaborative Transportation Platform uses artificial intelligence and machine learning to orchestrate freight logistics collaboratively across shippers and carriers. By enabling fully loaded round trips and dynamic route optimization, the platform helps shippers pay less and carriers earn more without disrupting existing workflows. This translates to dramatically improved asset utilization and far fewer empty backhaul miles, yielding significant cost savings and sustainability benefits – a value proposition that has proven highly attractive to large FMCG companies looking to boost efficiency and eliminate waste in their logistics operations.
“We are thrilled to welcome Coca-Cola India as our latest partner,” said Ajesh Kapoor, CEO of SemiCab Holdings, LLC. “Onboarding one of the world’s most iconic brands is a powerful validation of SemiCab’s mission to transform freight logistics through AI-driven collaboration. We are confident that this pilot will showcase the significant cost savings and efficiency gains our platform can deliver. We look forward to expanding our relationship with Coca-Cola India as part of a broader effort to reinvent freight transportation across the Indian market.”
About Algorhythm Holdings
Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com
Investor Relations Contact
Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com
Media Contact
FischTank PR
Algorhythm@fischtankpr.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2024. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.
https://investorshub.advfn.com/stock-market/NASDAQ/algorhythm-RIME/stock-news/97902534/semicab-awarded-pilot-with-coca-cola-india
$RIME 🗞️
INV4
4月前
Algorhythm Holdings Defines the “SemiCab Vision” — A Smarter, Connected Freight Network Built for the AI Era
Feb 17, 2026
Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today articulated its long-term vision for transforming the freight trucking industry.
A Massively Fragmented Industry
The global freight industry is enormous in scale. According to the U.S. Department of Transportation, approximately 3 million tractor-trailers operate on U.S. highways, with many millions more moving goods across international supply chains. Together, they transport trillions of dollars’ worth of products that power the global economy.
Yet despite its size and importance, freight management remains highly fragmented. Much of the industry still relies on disconnected transportation systems, manual workflows, and siloed planning tools that were not designed for network-level coordination.
The consequence is striking: 30-35% of freight miles are driven empty.
Empty miles mean fuel burned without revenue, drivers paid without productive loads, and equipment depreciating without generating income. These inefficiencies drive up operating costs for carriers and logistics providers — costs that ultimately flow through the supply chain and show up in higher prices for consumers at retail.
The SemiCab Vision & Mission
SemiCab is built on a simple belief: freight runs better when planning, execution, and learning are connected across participants. This vision reflects SemiCab’s belief that freight transportation should function as a connected, continuously learning network — not as a series of isolated groups of transactions.
By coordinating decisions in real time and applying intelligence at network scale, SemiCab is designed to help enable:
• Higher asset utilization;
• Fewer empty miles;
• More consistent service;
• Lower cost per move;
• Growth without matching increases in overhead.
“Truckload freight is a $3 trillion global market and the backbone of modern commerce,” said Gary Atkinson, Chief Executive Officer of Algorhythm Holdings, Inc. “Yet the industry still operates largely without coordinated intelligence at network scale. When you apply AI across a system of that magnitude, the impact isn’t small, it’s monumental. Our goal is to work alongside the industry to make that coordination practical and repeatable every day.”
The SemiCab Effect
As outlined in its recently released white paper, SemiCab has demonstrated measurable, structural performance gains across its customer network, including:
• A 70% reduction in empty freight miles driven;
• An increased throughput of 300-400% generated with no increased headcount;
• Improved freight service reliability and stability; and
• Reduced fuel usage and associated emissions.
“We are not competing against freight companies, brokers, or shippers,” said Atkinson. “They are not the problem — they are essential participants in an industry operating on legacy coordination models. They are our customers and our partners. Our objective is to work collaboratively with them to unlock structural efficiencies through intelligent network coordination, as we have done with customers such as Kellanova (dba Kellogg’s) India, Procter & Gamble (P&G) India, Asian Paints, Apollo Tyres, and Bajaj Electricals.”
“We believe this momentum positions us for continued enterprise customer growth, larger contract opportunities, and geographic expansion as we move into 2026.”
About Algorhythm Holdings
Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its proprietary, AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com
Investor Relations Contact
Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2024. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.
https://investorshub.advfn.com/stock-market/NASDAQ/algorhythm-RIME/stock-news/97849753/algorhythm-holdings-defines-the-semicab-vision
$RIME 🗞️
INV4
4月前
Algorhythm Holdings, Inc. CEO Gary Atkinson Advocates for Intelligent Coordination in Freight Industry Transformation
Feb 17, 2026
Algorhythm Holdings outlines its vision to enhance freight trucking efficiency through intelligent coordination and AI-driven solutions.
Quiver AI Summary
Algorhythm Holdings, Inc., represented by CEO Gary Atkinson, has unveiled its mission to revolutionize the freight trucking industry through intelligent coordination. The freight sector is noted as highly fragmented, with significant inefficiencies leading to 30-35% of freight miles driven empty, increasing costs for carriers and consumers alike. Algorhythm's SemiCab platform aims to create a connected, data-driven network to enhance asset utilization, reduce empty miles, and lower operational costs. Recent achievements include a 70% reduction in empty miles and a 300-400% increase in throughput without additional workforce. Rather than competing with existing industry players, Algorhythm seeks to partner with them to unlock efficiencies through advanced AI solutions, positioning itself for growth in the coming years.
Potential Positives
• Algorhythm's AI technology, SemiCab, has demonstrated a 70% reduction in empty freight miles driven, indicating significant efficiency improvements in the freight trucking industry.
• Through its platform, SemiCab has achieved a throughput increase of 300-400% without necessitating any increase in workforce, showcasing its effectiveness in enhancing productivity.
• The company's collaborative approach is positioning it for continued growth, with the potential for larger contracts and geographic expansion in 2026.
Potential Negatives
• Despite claiming significant improvements in freight efficiency, the industry remains highly fragmented and inefficient, indicating a potential challenge for Algorhythm to achieve its goals.
• The heavy reliance on forward-looking statements may raise concerns among investors regarding the actual realizability of projected benefits and growth.
• The acknowledgment of legacy coordination models suggests that Algorhythm might face resistance from established players in a traditional industry, impacting adoption rates of their solutions.
FAQ
What is Algorhythm Holdings' vision for the freight industry?
Algorhythm Holdings envisions transforming the freight trucking industry by bringing intelligent coordination and connected planning to improve efficiency and reduce costs.
How does SemiCab reduce empty freight miles?
SemiCab integrates real-time data and AI to coordinate decision-making, significantly reducing empty miles and enabling higher asset utilization across its customer network.
What measurable gains has SemiCab demonstrated?
SemiCab has showcased a 70% reduction in empty freight miles, a 300-400% increase in throughput, and improved reliability in freight services.
Who are Algorhythm's key partners in the freight industry?
Algorhythm collaborates with major companies like Kellanova, Procter & Gamble, Asian Paints, Apollo Tyres, and Bajaj Electricals to enhance freight efficiency.
What is the significance of AI in freight management?
AI enables network-level coordination in freight management, leading to monumental efficiency improvements, lower costs, and enhanced service reliability for all participants.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
https://www.msn.com/en-us/money/news/datavault-ai-lifts-outlook-on-strong-licensing-and-tokenization-growth/ar-AA1Wwbea
$RIME 🗞️
INV4
4月前
L1 Capital logs 4.99% Algorhythm (RIME) stake in amended 13G/A
Feb 17, 2026
L1 Capital Global Opportunities Master Fund, Ltd. filed an amended Schedule 13G reporting its beneficial ownership in Algorhythm Holdings, Inc. common stock. The fund reports beneficial ownership of 142,905 securities, including 142,905 warrants to purchase common shares, with sole voting and dispositive power over this amount.
This position represents 4.99% of Algorhythm’s common stock, based on 2,721,778 shares outstanding as of November 17, 2025, as disclosed in the company’s Form 10-Q. An additional 140,507 warrants are not counted because they are subject to a 4.99% beneficial ownership limitation.
David Feldman and Joel Arber, as directors of the fund, may be deemed to beneficially own these securities under SEC rules, but both expressly disclaim beneficial ownership for all other purposes. The filing also certifies that the securities are not held to change or influence control of Algorhythm.
https://www.stocktitan.net/sec-filings/RIME/schedule-13g-a-algorhythm-holdings-inc-amended-passive-investment-dis-ef92bd85db9d.html
$RIME 🗞️
INV4
4月前
$1.90+ 😃
===============
Algorhythm Stock Is Popping: What's Going On?
Algorhythm Holdings Inc (NASDAQ:RIME) is exploding higher Friday, extending Thursday's stunning surge. The AI company claimed its SemiCab trucking platform could radically reshape freight operations.
Algorhythm shares are powering higher. Why is RIME stock up today?
What The Company Announced
Algorhythm said its SemiCab platform — an AI-driven optimization system built for shippers and carriers — allows customers to scale freight volumes by 300% to 400% without adding staff. According to the company, individual operators using SemiCab can manage more than 2,000 loads a year, compared with the industry norm of about 500 loads per broker.
The platform automates network-level planning and decision-making, which Algorhythm says lowers cost per load, reduces administrative work and boosts asset utilization as volumes grow.
The Market Chaos That Followed
The Wall Street Journal reported that Algorhythms’ announcement triggered a dramatic selloff across the freight industry. C.H. Robinson Worldwide Inc (NASDAQ:CHRW) plunged 15%, Landstar System Inc (NASDAQ:LSTR) suffered a 16% drop — its worst day ever — and J.B. Hunt Transport Services Inc (NASDAQ:JBHT) fell 5%.
The Dow Jones Transportation Average sank 4%, its worst session since April, with 17 of 20 components finishing lower and roughly $17.4 billion in market value erased by the close.
A company worth less than $3 million, with no U.S. software customers, managed to spark one of the sector's worst days in years. "When names like C.H. Robinson are dropping billions of dollars of market cap, it's quite staggering," Algorhythm CEO Gary Atkinson told the WSJ.
RIME Price Action: Algorhythm shares were up 16.67% at $1.26 at the time of publication on Friday, according to Benzinga Pro.
$RIME 💹