Algorhythm Holdings, Inc. financial data

Symbol
RIME on Nasdaq
Industry
Phonograph Records & Prerecorded Audio Tapes & Disks
Location
6301 Nw 5 Th Way, Ste 2900, Fort Lauderdale, FL
State of incorporation
DE
Fiscal year end
December 31
Former names
SINGING MACHINE CO INC (to 8/30/2024)
Latest financial report
10-K - Q4 2024 - Apr 15, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 90.4 % -47.3%
Quick Ratio 35.4 % -58.2%
Debt-to-equity 444 % +315%
Return On Equity -68.1 %
Return On Assets -32.9 % -15310%
Operating Margin -59.3 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 2.39M shares -62.7%
Common Stock, Shares, Outstanding 471K shares -98.5%
Entity Public Float 4.19M USD +75.3%
Common Stock, Value, Issued 5K USD -92.2%
Weighted Average Number of Shares Outstanding, Basic 9.1M shares +116%
Weighted Average Number of Shares Outstanding, Diluted 9.1M shares +116%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 23.5M USD
Revenue from Contract with Customer, Excluding Assessed Tax 23.5M USD
Research and Development Expense 125K USD +45.3%
General and Administrative Expense 12.2M USD
Operating Income (Loss) -13.9M USD
Nonoperating Income (Expense) -10.4M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -24.4M USD
Income Tax Expense (Benefit) -52K USD
Net Income (Loss) Attributable to Parent -6.12M USD -149%
Earnings Per Share, Basic 0.13 USD/shares +333%
Earnings Per Share, Diluted 0.13 USD/shares +333%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 621K USD
Accounts Receivable, after Allowance for Credit Loss, Current 713K USD -92.6%
Inventory, Net 2.19M USD -68.2%
Assets, Current 16.8M USD -27.8%
Property, Plant and Equipment, Net 284K USD -29.7%
Operating Lease, Right-of-Use Asset 95K USD -97.6%
Intangible Assets, Net (Excluding Goodwill) 345K USD
Goodwill 786K USD
Other Assets, Noncurrent 29K USD -83.8%
Assets 18.3M USD -34%
Accounts Payable, Current 3.81M USD -50%
Accrued Liabilities, Current 4.22M USD +61.6%
Contract with Customer, Liability, Current 1.31M USD
Liabilities, Current 28.4M USD +75.4%
Operating Lease, Liability, Noncurrent 4.14M USD +5148%
Other Liabilities, Noncurrent 3K USD
Liabilities 28.8M USD +43.1%
Retained Earnings (Accumulated Deficit) -49.2M USD -89.7%
Stockholders' Equity Attributable to Parent 2.7M USD -72.1%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest -10.5M USD -239%
Liabilities and Equity 18.3M USD -34%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.56M USD -232%
Net Cash Provided by (Used in) Financing Activities -21K USD +98.8%
Net Cash Provided by (Used in) Investing Activities -42.5K USD -94.9%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 471K shares
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -2.58M USD -2678%
Interest Paid, Excluding Capitalized Interest, Operating Activities 27K USD +12.5%
Deferred Tax Assets, Valuation Allowance 8.04M USD +123%
Deferred Tax Assets, Gross 8.22M USD +74.7%
Operating Lease, Liability 92K USD -97.7%
Depreciation 52K USD -5.46%
Payments to Acquire Property, Plant, and Equipment 42.5K USD +94.9%
Lessee, Operating Lease, Liability, to be Paid 140K USD -98.6%
Property, Plant and Equipment, Gross 2.82M USD +2.81%
Operating Lease, Liability, Current 135K USD +19.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two 529K USD +985%
Lessee, Operating Lease, Liability, to be Paid, Year One 94K USD -65.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure -25%
Deferred Income Tax Expense (Benefit) 1.4M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 2K USD -100%
Lessee, Operating Lease, Liability, to be Paid, Year Three 585K USD
Deferred Tax Assets, Operating Loss Carryforwards 867K USD +263%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 611K USD
Operating Lease, Payments 181K USD
Additional Paid in Capital 39.7M USD +18.5%
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance 176K USD -84%
Interest Expense -96.1K USD -71.6%
Preferred Stock, Par or Stated Value Per Share 1 USD/shares 0%