Company Achieves Record ARR in December, Representing a 300% Increase Over the Past 12 Months Fort Lauderdale, FL, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, announced today that achieved an annualized revenue run rate ("ARR") of $9.7 million during December 2025, representing a 300% increase over the $2.5 million ARR that the company reached at the end of 2024. During 2025, SemiCab achieved five new contract wins with some of the largest multinational fast moving consumer goods companies (FMCGs) in India and was awarded seven contract expansions for increased lanes and trip volume. SemiCab is taking an inc

Expanded Relationship Provides SemiCab With Capacity to Generate up to $2.5M of Revenue Annually From Apollo Tyres Fort Lauderdale, FL, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, today announced that SemiCab was recently awarded a large expansion to its Master Services Agreement with Apollo Tyres, Ltd. ("Apollo Tyres"), the second largest tire manufacturer in India with over $5 billion in annual sales and a top ten global competitor in the tire industry serving Asia, Africa, Europe and North America. Under the terms of the expanded agreement, SemiCab will provide managed transportation services to Apollo Ty

New Fortune 500 customer contracts, 10x increase in contracted freight volume, and successful launch of Apex SaaS platform are expected to drive accelerating long-term revenue growth  Fort Lauderdale, FL, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, today issued a year-end business recap of the corporate transformation that it underwent during 2025 and the strong revenue growth achieved by its SemiCab business. Algorhythm entered the second half of the year as a pure-play AI logistics platform following the divestiture of its legacy Singing Machine consumer electronics business in August. Algorhythm has enter

Largest Contract Expansion in Company's History, 10X Increase Over Initial Pilot Program Fort Lauderdale, FL, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, announced today that SemiCab has secured a major expansion of its Master Services Agreement with one of India's largest paint manufacturers and retailers. The customer, one of the 10 largest global shippers in the paints industry with over $4 billion in annual sales, operates across 60 countries in Asia-Pacific, Africa, and the Middle East. Under the newly expanded agreement, the number of committed lanes has grown more than seven-fold to 183 lanes, represe

Best-in-Class SaaS Sales Partner Brings SemiCab Access to Dozens of Fortune 500 Clients Fort Lauderdale, FL, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, today announced that SemiCab has executed a joint sales and marketing agreement with Provisi.ai, an industry leading boutique SaaS marketing firm with direct access to an extensive list of U.S.-based Fortune 500 clients and prospects. The new marketing partnership is expected to play an instrumental role in the launch of SemiCab's new Apex SaaS platform that brings SemiCab's proven AI-driven collaborative freight orchestration technology to U.S.-based 3PLs an

Marico Scales National Transportation Network on SemiCab's Collaborative Transportation Platform Fort Lauderdale, FL, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, today announced that SemiCab has achieved a significant expansion of its transportation services engagement with Marico, one of India's leading consumer goods companies that operates in the global beauty and wellness space. The expansion represents an annualized revenue opportunity of approximately $3 million for SemiCab and represents the fifth multi-million dollar contract the company has executed this year. Marico's decision to scale its transpo

SemiCab Delivers 13X Growth YoY for the Quarter and over 23X Growth YTD Fort Lauderdale, FL, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, announced today its results of operations for its third quarter ended September 30, 2025. Third Quarter Financial Highlights* Revenue increased to $1.7M for the third quarter of 2025 compared to $0.1M for the third quarter of 2024.Operating expenses decreased to $1.2M for the third quarter of 2025 compared to $1.8M for the same period last year.Net loss from continuing operations decreased to $1.9M for the third quarter of 2025 compared to $2.1M for the third quarter of 20

Fort Lauderdale, FL, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading AI technology company, today announced that it will release its third quarter 2025 earnings on Wednesday, November 19, 2025. Management will host a conference call on Wednesday, November 19, 2025, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Wednesday, November 19, 2025Time: 10:00 a.m. EST Dial-in number: 888-999-3182Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI t

"Apex" Brings AI-Driven Freight Orchestration to US-Based 3PLs and Enterprise Shippers, Unlocking Billions in Potential Savings Fort Lauderdale, FL, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading AI technology company, today announced that SemiCab has launched "Apex", a new software-as-a-service (SaaS) platform that brings SemiCab's proven AI-driven collaborative logistics technology to 3PLs and multi-enterprise shippers in the United States. Apex is built upon SemiCab's flagship freight orchestration engine, which was first deployed with the National Digital Freight Exchange of India, and now being launched in the U.S. market. Built entirely as a c

Seasoned Technology/Logistics Sales Veteran Brings Deep US Market Expertise Ahead of New Product Launches Fort Lauderdale, FL, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology company, today announced its subsidiary, SemiCab Holdings, LLC ("SemiCab") has appointed Michael Silvagni as its new VP of US Sales. Michael will be responsible for managing an existing and expanding team dedicated primarily to the US market. Mr. Silvagni has more than 15 years of demonstrated track record in positions of increasing responsibility in high-growth disruptive technology sales, primarily in the logistics space. Michael's sales pedigree include

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Seasoned Technology/Logistics Sales Veteran Brings Deep US Market Expertise Ahead of New Product Launches Fort Lauderdale, FL, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology company, today announced its subsidiary, SemiCab Holdings, LLC ("SemiCab") has appointed Michael Silvagni as its new VP of US Sales. Michael will be responsible for managing an existing and expanding team dedicated primarily to the US market. Mr. Silvagni has more than 15 years of demonstrated track record in positions of increasing responsibility in high-growth disruptive technology sales, primarily in the logistics space. Michael's sales pedigree include

Highly-accomplished leaders bring proven expertise in growth, innovation, and AI-driven transformation to support company's next phase of expansion Fort Lauderdale, FL, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), a leading AI technology company, today announced the appointment of Scott Thorn and Kapil Gupta to its Board of Directors. Their combined experience in scaling high-growth companies, guiding operational transformation, and driving adoption of cutting-edge technologies will further strengthen the company's governance and strategic leadership as it accelerates growth in AI-powered freight logistics. Kapil Gupta is a seasoned global te

Experienced Marketing Executive Brings Over a Decade of Brand Development and Growth Expertise Fort Lauderdale, FL, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), an AI technology holding company, announced today that its subsidiary, SMCB Solutions Private Limited ("SemiCab India"), has appointed Vasudha Khurana as VP of Brand and Communications for SemiCab's global market. Khurana will lead the development of SemiCab's brand, marketing strategies, and global go-to-market initiatives for multiple product launches lined up. Vasudha brings 12 years of marketing and business experience, with tenures at Google and Unilever (Hindustan Unilever Limi

Mr. Kapoor Brings more than 30 Years of Supply-Chain,Logistics Technology and Go-To-Market Leadership to the Board Fort Lauderdale, FL, May 20, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology and consumer electronics holding company, today announced the appointment of Ajesh Kapoor to its board of directors effective May 19, 2025. Mr. Kapoor brings more than 30 years of logistics and supply chain technology innovation and leadership to the Company's Board. During his career, Ajesh has designed and implemented industry-leading supply chain and logistics solutions for several leading international companies. Mr. Kapoor is the Founder and

Fort Lauderdale, FL, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, today announced the appointment of Alex Andre as the Company's Chief Financial Officer and General Counsel. In this role, Mr. Andre will be a key thought partner to the executive leadership team and will be responsible for all corporate finance and legal functions, including audit, accounting, tax, treasury, cash management, financial planning and analysis, and reporting. Mr. Andre brings nearly 25 years of executive management, financial, legal and operational experience to Algorhythm Holdings. For the past 18 ye

Apollo Tyres, Ltd Awards SemiCab Scalable Pilot Contract for Transportation Services in India Fort Lauderdale, FL, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ:RIME), an AI-driven technology and consumer electronics holding company, announced today that SemiCab, Inc.'s subsidiary, SMCB Private Solutions Limited ("SemiCab India"), has entered into a master service agreement (MSA) with Apollo Tyres, Ltd. ("Apollo"), India's largest tire manufacturer. As a top 10 global tire producer, Apollo generated over $3 billion in sales in 2023, operating in more than 100 countries across Asia, Europe, and North America. Algorhythm's subsidiary SemiCab Holdings,

New Fortune 500 customer contracts, 10x increase in contracted freight volume, and successful launch of Apex SaaS platform are expected to drive accelerating long-term revenue growth  Fort Lauderdale, FL, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, today issued a year-end business recap of the corporate transformation that it underwent during 2025 and the strong revenue growth achieved by its SemiCab business. Algorhythm entered the second half of the year as a pure-play AI logistics platform following the divestiture of its legacy Singing Machine consumer electronics business in August. Algorhythm has enter

SemiCab Delivers 13X Growth YoY for the Quarter and over 23X Growth YTD Fort Lauderdale, FL, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, announced today its results of operations for its third quarter ended September 30, 2025. Third Quarter Financial Highlights* Revenue increased to $1.7M for the third quarter of 2025 compared to $0.1M for the third quarter of 2024.Operating expenses decreased to $1.2M for the third quarter of 2025 compared to $1.8M for the same period last year.Net loss from continuing operations decreased to $1.9M for the third quarter of 2025 compared to $2.1M for the third quarter of 20

Fort Lauderdale, FL, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading AI technology company, today announced that it will release its third quarter 2025 earnings on Wednesday, November 19, 2025. Management will host a conference call on Wednesday, November 19, 2025, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Wednesday, November 19, 2025Time: 10:00 a.m. EST Dial-in number: 888-999-3182Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI t

Fort Lauderdale, FL, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology holding company, announced today its results of operations for the second quarter ended June 30, 2025. Second Quarter Financial Highlights: Revenues increased to $2.7 million in the second quarter of 2025 compared to $2.4 million in the same period last year.Gross profit margin increased to 35.1% in the second quarter of 2025 from 13.3% in the same period of the prior year. Gross profit was approximately $1.0 million for the second quarter 2025. Total operating expenses decreased by $4.8 million to $1.7 million in the second quarter of 2025, compared to $6.5 m

Fort Lauderdale, FL, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm Holdings" or the "Company") (NASDAQ:RIME), an AI technology holding company, today announced that it will release its second quarter 2025 earnings today, Tuesday August 19, 2025 after market close. Management will host a conference call tomorrow, Wednesday, August 20, 2025, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Wednesday, August 20, 2025Time: 10:00 a.m. EDT Dial-in number: 888-999-3182Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com About A

Fort Lauderdale, FL, May 14, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm Holdings" or the "Company") (NASDAQ: RIME) -- AI technology and consumer electronics holding company -- today announced that its earnings for its first quarter 2025 will be released on Thursday, May 15, 2025. Management will host a conference call on Friday, May 16, 2025, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Friday, May 16, 2025Time: 10:00 a.m. EDT Dial-in number: 888-999-3182Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com About Algorhythm

Acquisition Adds Multiple Multinational Customers in India and Unlocks Scalable Growth Opportunities in Rapidly Growing Indian Market  Fort Lauderdale, FL, May 05, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), a diversified technology-driven holding company, today announced the acquisition of SMCB Solutions Private Ltd., an India private limited company ("SemiCab India"). This marks Algorhythm's second transaction with SemiCab, Inc. following the acquisition of its U.S. business in July 2024. Under the terms of the deal, Algorhythm's subsidiary, SemiCab Holdings, LLC, acquired 9,999 of the 10,000 issued and outstanding equity shares of SemiCab India. I

 SemiCab India Acquires New Client for Pilot Program Fort Lauderdale, FL, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ:RIME) ("Algorhythm" or the "Company"), an AI technology and consumer electronics holding company, today announced that its subsidiary, SemiCab Holdings, LLC ("SemiCab"), has been awarded a commercially scalable pilot program with the world's sixth-largest global consumer packaged goods (CPG) producer. The new freight business, launched as a proof-of-concept initiative in late October, will initially focus on the densely populated southwestern India commercial corridor. SemiCab will provide enterprise-level software services to SMCB Solutions Privat

Fort Lauderdale, FL, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI-driven technology and consumer electronics holding company, announced today its results of operations for the three- and nine- month periods ended September 30, 2024. CEO Commentary "We are pleased to share our third-quarter results," said Gary Atkinson, CEO of Algorhythm. "This was a highly active and transformational period for our business. We focused on integrating our recent acquisition of SemiCab, secured notable new pilot contracts for SemiCab's logistics technology platform, and finalized a landmark OEM partnership for our automotive karaoke technology with BYD,

Fort Lauderdale, FL, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm Holdings" or the "Company") (NASDAQ: RIME) -- an AI technology and consumer electronics holding company -- today announced that its earnings for its third quarter 2024 will be released on Tuesday, November 19, 2024. On Wednesday, November 20, 2024, Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Wednesday, November 20, 2024Time: 10:00 a.m. ET Dial-in number: (888)-800-3146Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: http://www.singingmachi

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