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
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RIME
News
- Univest Securities, LLC Announces Closing of $2 Million Registered Direct Offering for its Client Algorhythm Holdings, Inc. (NASDAQ: RIME) [Yahoo! Finance]Yahoo! Finance
- Univest Securities, LLC Announces Closing of $2 Million Registered Direct Offering for its Client Algorhythm Holdings, Inc. (NASDAQ: RIME)GlobeNewswire
- Karaoke Market to Grow by USD 450.8 Million (2024-2028), Rising Popularity of Music-Related Leisure Activities Boosting Growth, AI Impact on Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- SemiCab Wins New Pilot Program with 6th Largest Global Consumer Package Goods Company [Yahoo! Finance]Yahoo! Finance
- SemiCab Wins New Pilot Program with 6th Largest Global Consumer Package Goods CompanyGlobeNewswire
RIME
Sec Filings
- 12/19/24 - Form DEF
- 12/18/24 - Form 8-K
- 12/18/24 - Form 424B5
- RIME's page on the SEC website