
Former IBM DP Executive Greg Smith Named CEO; 40-Year Power Generation Veteran Kevin Tangen Appointed EVP of Engineering and Technology
Algorhythm Holdings, Inc., 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 internationally. The company is headquartered in Fort Lauderdale, Florida.
| Revenue (TTM) | $8.52M |
| Gross Profit (TTM) | $-2.24M |
| EBITDA | $-12.31M |
| Operating Margin | -89.90% |
| Return on Equity | -524.00% |
| Return on Assets | -50.90% |
| Revenue/Share (TTM) | $1.12 |
| Book Value | $0.36 |
| Price-to-Book | 0.31 |
| Price-to-Sales (TTM) | 0.21 |
| EV/Revenue | 0.677 |
| EV/EBITDA | 16.09 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 160.90% |
| Shares Outstanding | $21.07M |
| Float | $8.53M |
| % Insiders | 51.62% |
| % Institutions | 8.00% |
Volatility is currently contracting

Former IBM DP Executive Greg Smith Named CEO; 40-Year Power Generation Veteran Kevin Tangen Appointed EVP of Engineering and Technology

A 1,500 MW Combined Renewable Natural Gas and Biomass Power Plant and Water Supply Project Valued at Up to $1.66 Billion; Azure Holds a 10% Equity Stake

Company Identifies Potential $7 Million Equity Proceeds from Strategic Sale of North Carolina 100 MW Project Fort Lauderdale, FL, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a diversified holding company and owner of Azure Energy, a renewable power plant developer (“Azure”), and SemiCab Holdings, an AI-enabled logistics provider, today provided details of one of its significant sources of revenue and value creation, a 100MW biomass renewable power plant project in North Carolina. The project is a 100 MW pyrolysis-to-power generation facility currently under development in western North Carolina.

Fort Lauderdale, FL, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a diversified holding company that owns and operates Azure Holdings, a renewable power plant developer, and SemiCab, an AI enabled logistics provider, today introduced Azure P2P™, the pyrolysis-to-power process at the center of its recently acquired Azure Holdings business.

Company Adds 30-Year IBM Executive and Operations Expert to Board Fort Lauderdale, FL, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a diversified holding company and owner of Azure Holdings, a renewable power plant developer, and SemiCab Holdings, an AI-enabled logistics provider, today formally introduced its newest independent director, Greg Smith. Mr. Smith is a highly accomplished executive in the technology industry, having spent his entire professional career with IBM.

Termination of Financing is Expected to Avoid Dilution of More Than 8 Million Shares Fort Lauderdale, FL, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a diversified holding company that owns and operates Azure Energy, a renewable power plant developer, and SemiCab, a leading AI enabled logistics provider, today announced the voluntary termination of a previously disclosed settlement transaction completed under Section 3(a)(10) of the Securities Act with Continuation Capital, Inc. The Company would have been required to issue more than 8 million additional shares of common stock to pay off the remaining balance of approximately $1.4 million.

SemiCab Initiatives Focused on Near-Term Break-Even Operations and Strategic Partnerships Newly Acquired Azure Energy Has More Than $10 Million in Active Contracted Revenue Through 2027 Management Focused on Expanding Revenue and EBITDA Through Azure Existing Customers and Strategic Partnerships Company Targets Lower Cost of Capital and Reduced Reliance on Dilutive Financing FORT LAUDERDALE, FL., Sept. 22, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME), a diversified holding company and owner of SemiCab, an AI-enabled logistics technology business, and Azure Energy, a renewable power infrastructure developer, today outlined its near-term operational, strategic and capital allocation priorities for the remainder of 2026 and 2027.

Fort Lauderdale, FL, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a leading business holding company, today announced that it has completed the acquisition of Azure Energy, LLC (“Azure”), a renewable power plant developer based in Charlotte, NC.

Leadership Transition Expected to Include New Members of Leadership Team and Board of Directors as Company in Connection With Strategic Repositioning

The Company Has Received Multiple Indications of Interest for the Sale of its AI Logistics Business Fort Lauderdale, FL, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a leading provider of AI-powered logistics solutions, today announced that the Company is evaluating strategic alternatives for its SemiCab business. The Company previously announced that it is actively evaluating a potential business combination with a leading company operating in the rapidly growing energy infrastructure market supporting data centers.
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