RIME

MKT CAP:$3M

Algorhythm Holdings, Inc.

Market Cap

$3M

Technology·Consumer Electronics·🇺🇸 United States·NASDAQ

Technology·Consumer Elec.·🇺🇸·NASDAQ

Stock Price

$1.02-$0.02 (-1.44%)

Apr 23, 2026

Company Details

Algorhythm Holdings, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and...

CEO

Gary Atkinson

IPO Date

Nov 11, 1994

Website

www.algoholdings.com

Key Metrics TTM

Revenue

$31M

+4.0% YoY

Net Income

-$12M

EPS (Diluted)

-$124.89

Free Cash Flow

-$2M

Revenue / Share

$4.90

Gross Margin

19.8%

Operating Margin

-38.7%

Net Margin

-39.5%

FCF Margin

-7.9%

P/S

0.1x

P/E

—

Earnings Reports

Q3 2024

May 15, 2026

PENDING

Q2 2024

Jun 30, 2024

$2M-7.0%EPS -$0.95

Q1 2024

Mar 31, 2024

$2M-28.3%EPS -$0.37

FY 2023

Dec 31, 2023

$39M-0.9%EPS -$1.75

Q4 2023

Dec 31, 2023

$11M+49.7%EPS -$123.59

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$22M	$6M	$2M
Q4 20	$17M	$5M	$1M
Q1 21	$3M	$537.8K	-$2M
Q2 21	$6M	$2M	-$489.7K
Q3 21	$17M	$3M	$750.0K
Q4 21	$21M	$5M	$2M
Q1 22	$3M	$600.1K	-$2M
Q2 22	$12M	$3M	$146.8K
Q3 22	$17M	$4M	$584.7K
Q4 22	$7M	$1M	-$2M
Q1 23	$3M	$819.0K	-$2M
Q2 23	$3M	$529.0K	-$2M
Q3 23	$16M	$4M	$106.0K
Q4 23	$11M	$2M	-$4M
Q1 24	$2M	$502.0K	-$2M
Q2 24	$2M	$324.0K	-$6M

Valuation

Quarter	P/S	P/E
Q3 20	48.0x	—
Q4 20	55.8x	1592.7x
Q1 21	69.9x	1473.7x
Q2 21	57.6x	1243.8x
Q3 21	77.0x	6203.7x
Q4 21	55.4x	3321.0x
Q1 22	31.5x	6484.9x
Q2 22	58.1x	9262.4x
Q3 22	66.6x	—
Q4 22	72.7x	—
Q1 23	31.3x	—
Q2 23	44.1x	—
Q3 23	0.2x	—
Q4 23	36.6x	—
Q1 24	35.7x	—
Q2 24	66.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	-$430.0K	-$469.6K
Q4 20	$839.5K	$835.6K
Q1 21	$5.5K	-$106.8K
Q2 21	$794.0K	$738.4K
Q3 21	-$1M	-$1M
Q4 21	-$3M	-$3M
Q1 22	$1M	$1M
Q2 22	-$4M	-$4M
Q3 22	$569.1K	$503.1K
Q4 22	$1M	$1M
Q1 23	$2M	$2M
Q2 23	-$3M	-$3M
Q3 23	$1M	$1M
Q4 23	$2M	$2M
Q1 24	-$3M	-$3M
Q2 24	-$3M	-$3M

Capital Expenditures

Quarter	CapEx
Q3 20	$39.7K
Q4 20	$3.9K
Q1 21	$112.3K
Q2 21	$55.5K
Q3 21	$22.1K
Q4 21	$0
Q1 22	$40.0K
Q2 22	$21.8K
Q3 22	$66.0K
Q4 22	$61.2K
Q1 23	$95.0K
Q2 23	$42.5K
Q3 23	$25.5K
Q4 23	$0
Q1 24	$0
Q2 24	$6.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+17.0%	+9.1%
Q4 20	+22.5%	+5.0%
Q1 21	+268.3%	+70.8%
Q2 21	+98.7%	+71.5%
Q3 21	-22.1%	-16.3%
Q4 21	+25.2%	+26.3%
Q1 22	-18.9%	-9.7%
Q2 22	+92.8%	+76.1%
Q3 22	-1.5%	-0.5%
Q4 22	-66.5%	-52.0%
Q1 23	+19.4%	+17.2%
Q2 23	-77.5%	-56.2%
Q3 23	-6.9%	-4.3%
Q4 23	+49.7%	+53.9%
Q1 24	-28.3%	-14.8%
Q2 24	-7.0%	+70.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$0	0.0%
Q4 20	$5.0K	0.0%
Q1 21	$5.1K	0.1%
Q2 21	$5.1K	0.1%
Q3 21	$8.0K	0.0%
Q4 21	$3.0K	0.0%
Q1 22	$5.9K	0.2%
Q2 22	$35.6K	0.3%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$74.0K	2.2%
Q2 23	$63.4K	2.4%
Q3 23	$77.0K	0.5%
Q4 23	$10.0K	0.1%
Q1 24	$19.0K	0.8%
Q2 24	$17.0K	0.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 20	$2.0K	$2M	$1M	—
Q4 20	$33.0K	$2M	$1M	—
Q1 21	$52.0K	$1M	$712.2K	—
Q2 21	$31.0K	$1M	$578.0K	—
Q3 21	$19.0K	$2M	$733.5K	—
Q4 21	$11.0K	$2M	$1M	—
Q1 22	$39.0K	$2M	$870.6K	—
Q2 22	$17.0K	—	—	$3M
Q3 22	$41.0K	—	—	$3M
Q4 22	$49.0K	—	—	$3M
Q1 23	$17.0K	$2M	$812.4K	—
Q2 23	—	$3M	$445.0K	—
Q3 23	—	$2M	$1M	—
Q4 23	$107.0K	$4M	$2M	—
Q1 24	—	$2M	$630.0K	—
Q2 24	—	$2M	$547.0K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2M	$0	$2M
Q2 22	$2M	$0	$2M
Q3 22	$3M	$0	$3M
Q4 22	$3M	$0	$3M
Q1 23	$2M	$0	$2M
Q2 23	$2M	$0	$2M
Q3 23	$3M	$0	$3M
Q4 23	$7M	$0	$7M
Q1 24	$4M	$0	$4M
Q2 24	$1M	$0	$1M
Q3 24	$621.0K	$0	$621.0K
Q4 24	$8M	$0	$8M
Q1 25	$3M	$0	$3M
Q2 25	$1M	$0	$1M
Q3 25	$3M	$0	$3M
Q4 25	$2M	$0	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	1M	+1.4%	-0.6%
Q4 20	1M	+0.1%	+1.6%
Q1 21	1M	-0.3%	+1.2%
Q2 21	1M	+0.0%	+1.3%
Q3 21	2M	+23.3%	+23.1%
Q4 21	2M	+11.4%	+37.0%
Q1 22	2M	-0.5%	+36.7%
Q2 22	2M	+7.4%	+46.8%
Q3 22	4M	+88.9%	+124.9%
Q4 22	3M	-13.4%	+74.8%
Q1 23	3M	-0.4%	+75.0%
Q2 23	4M	+24.3%	+102.6%
Q3 23	4M	+9.0%	+16.9%
Q4 23	33K	-99.2%	-99.0%
Q1 24	6M	+19559.0%	+106.1%
Q2 24	6M	0.0%	+65.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$696.4K	32
Q4 20	$530.4K	32
Q1 21	$105.8K	33
Q2 21	$183.8K	33
Q3 21	$526.3K	33
Q4 21	$643.8K	33
Q1 22	$88.5K	32
Q2 22	$365.4K	32
Q3 22	$534.8K	32
Q4 22	$222.2K	32
Q1 23	$91.4K	37
Q2 23	$70.9K	37
Q3 23	$430.6K	37
Q4 23	$287.6K	37
Q1 24	$65.6K	37
Q2 24	$65.9K	37

Revenue / Employee