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Stock impact report

Algorhythm Holdings Reports Third Quarter 2024 Results

Algorhythm Holdings, Inc. (RIME) 
Company Research Source: GlobeNewswire
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, a leading global EV manufacturer. Additionally, we supported our legacy retail karaoke partners as they prepared for the holiday season. I am proud of our team for successfully managing critical initiatives across multiple fronts, driving our business forward.” Business Highlights and Key Events Show less Read more
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