RIME

Revenue Increases 25% Sequentially and 161% YOY to $3.0 Million Fort Lauderdale, FL, Aug. 14, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a leading provider of AI-powered logistics solutions, today announced its financial results for the second quarter ended June 30, 2026. Q2 2026 Financial Highlights Revenue increased 25% sequentially to $3.0 million for the second quarter of 2026 compared to $2.4 million in the first quarter of 2026. Revenue increased $1.8 million, or 161%, from $1.2 million in the second quarter of 2025. Gross margin percentage improved by 850 basis points or approximately 30% sequentially. Cash and restricted cash totaled approximately $8.0 million as of June 30, 2026. Total assets grew 46% to $18.6 million at June 30, 2026 from $12.7 million at December 31, 2025. Q2 2026 Business Highlights During the quarter, the Company’s business continued to execute on numerous fronts as follows: Expanded SemiCab's relationship with Procter & Gamble India through an additional contract expansion, increasing annualized contract value by approximately 32%. Signed a new Master Services Agreement with Onida Electronics, expanding SemiCab's enterprise customer portfolio in India. Continued commercial expansion of the SemiCab Apex SaaS platform in North America through investments in business development and the hiring of Jonathan Miller as Vice President of U.S. Sales. Participated as a Gold Sponsor at Reuters Events: Supply Chain USA 2026, showcasing Apex to enterprise shippers, logistics providers and transportation leaders. Hosted the inaugural SemiCab Freight Network Forum, bringing together supply chain executives to discuss AI, freight orchestration and transportation network optimization. CEO Commentary "We are pleased with our second quarter financial results, highlighted by continued strong sequential and year-over-year revenue growth," said Gary Atkinson, Chief Executive Officer of Algorhythm Holdings. “Revenue was $3.0 million for the quarter, representing an increase of 25% sequentially and 161% year over year. We continue to maintain a strong balance sheet with more than $6 million in cash on the books and almost $3.3 million of stockholders’ equity.” “During the quarter, we signed a new master services agreement with Onida Electronics and expanded our relationship with Procter & Gamble India, providing us with additional validation for our SemiCab technology platform,” continued Mr. Atkinson. “We also engaged in a variety of public networking events, showcasing our Apex SaaS product offering as a Gold Sponsor at Reuters Events: Supply Chain USA 2026 and hosting our inaugural SemiCab Freight Network Forum.” “Looking ahead, our focus will be on financial discipline,” added Mr. Atkinson. “We will be focused on controlling our costs and reducing our expenses where we can as we continue to evaluate business and acquisition opportunities that we believe will enhance long-term shareholder value. We are excited about what the future holds for Algorhythm Holdings.” About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI technology company that owns and operates SemiCab. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com. Investor Relations Contact Brendan Hopkins407-645-5295investors@algoholdings.comwww.algoholdings.com Media Contact FischTank [email protected] Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2025. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise. Algorhythm Holdings, Inc. and SubsidiariesCONDENSED CONSOLIDATED BALANCE SHEETS Algorhythm Holdings, Inc. and SubsidiariesCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)

Fort Lauderdale, FL, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that it will release its financial results for the second quarter ended June 30, 2026 on Friday, August 14, 2026. About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com Investor Relations Contact Brendan Hopkins407-645-5295investors@algoholdings.comwww.algoholdings.com Media Contact FischTank [email protected] Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2025. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. The company has successfully transitioned to a pure-play AI logistics orchestration layer following the divestiture of its legacy consumer electronics business. Revenue growth of 70% sequentially was driven by the expansion of the SemiCab India managed services business, which now serves major global brands like Coca-Cola and Unilever. Management attributes the core value proposition to a multi-enterprise collaborative optimization model that has demonstrated a 70% reduction in empty miles in real-world Indian case studies. The current gross loss is characterized as a deliberate investment in scale, where the company must contract truck capacity in new territories before fully optimizing utilization through customer acquisition. Strategic positioning has shifted from digital brokerage toward providing an orchestration layer that integrates with existing transportation management systems. The dedicated truck fleet grew by 30% from December to March, reflecting the physical scaling required to support the expanding managed services footprint. Management expects the annualized revenue run rate to increase from $12 million to between $15 million and $20 million by the end of 2026. The rollout of the Apex SaaS platform in the U.S. and Europe is expected to contribute asset-light, recurring revenue starting later this year. Gross margins are projected to improve sharply over the next 12 months as revenue growth from new and expanded contracts begins to outpace the fixed costs of contracted truck capacity. Enterprise sales cycles for the Apex platform in the U.S. are expected to remain long due to the complex procurement and pilot design phases of Fortune 500 shippers. Total operating expenses are anticipated to decrease as the company incurs lower stock-based compensation and optimizes its post-acquisition cost structure. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management deliberately deferred a $1.5 million promissory note payment to prioritize working capital for scaling SemiCab, despite having sufficient cash on hand. A 45-day forbearance agreement was secured to restructure the note repayment schedule to better align with operating priorities. The company regained compliance with NASDAQ's $2.5 million minimum stockholders' equity requirement, reaching $3.2 million by quarter-end. A $9.5 million secured prepaid purchase financing was closed in February to support growth and retire more expensive prior debt facilities.

Image source: The Motley Fool. Thursday, May 14, 2026 at 10 a.m. ET Chief Executive Officer — Gary Atkinson Chief Financial Officer and General Counsel — Alex Andre Gary Atkinson: Thank you. Good morning, ladies and gentlemen, and thank you for joining our 2025 year-end earnings call. My name is Gary Atkinson, CEO of Algorhythm Holdings, and I'm joined this morning by our CFO and General Counsel, Alex Andre. We're excited to share the momentum behind SemiCab, our AI-powered logistics platform and the significant traction that we've gained this year. Over the past 6 weeks, we've seen an extraordinary surge in attention, both from the media and from within the logistics industry, all around our technology and its potential to solve one of freight's most persistent and costly problems today, which is empty miles. This wave of exposure has accelerated our commercial sales pipeline, attracted industry veterans to our company and expanded our reach to key enterprise decision-makers at a scale that we had never anticipated. Before diving into updates, I want to briefly reframe the core problem that we've been setting out to solve and why we believe SemiCab is positioned to lead the next wave and freight technology. Firstly, the global truckload market is the backbone of the world's economy. It is estimated to be a $3 trillion a year industry. However, it's still very deeply inefficient. Today, roughly 1 in every 3 miles that a truck drives is driven empty, resulting in close to $1 trillion in avoidable waste and inefficiency every year. The SemiCab platform is purpose-built to address this problem. Our collaborative AI platform continuously optimizes freight movement across multiple enterprises using our core planning, predicting and execution engine to build continuous movements or as we call, round trips to reduce waste. And finally, we've been seeing the results -- in real-world production environment, we've shown that we can reduce empty miles by more than 70%, and we have the capability to handle 4x the freight volume without adding any additional headcount when compared to traditional freight brokers. Put simply, we're building a platform that can reshape how $3 trillion of freight flows globally, eliminating up to $700 billion in inefficiency. It's very rare to find a solution that simultaneously helps shippers save money, improves fleet utilization for carriers and can reduce carbon emission for the environment. This is the kind of systemic change that SemiCab can enable. And I believe we're on the verge of a larger shift that is starting to take place a movement towards freight as an orchestrated network as opposed to the current environment of freight as a series of independent transactions. I will talk briefly about some of the growth and some of the full year highlights and then turn the call over to Alex, who will then discuss the financial results. In 2025, we secured 4 new Fortune 500 clients in India and converted 5 pilot programs into multimillion-dollar contract expansions. That momentum has pushed our annualized revenue run rate to nearly $10 million by year-end, and it is already meaningfully higher in the first quarter of 2026. In addition to that, during the first quarter of '26, we have already achieved 2 new customers, MTR Foods and Coca-Cola India, plus an additional contract expansion in India. To date, every single one of our pilot customers that has joined our network has come back to us looking for an expansion, whether it's a geographic expansion through more lanes or more volume. These expansions are driven by real recurring demand from globally recognized shippers. The shift from pilot to scale is accelerating, and we expect this trend to continue. With that, I'll now turn the call over to Alex, who will now walk you through some of the results for the 2025 year. Go ahead, Alex. Alex Andre: Thank you, Gary. Hello, everyone. The annual report that we filed with the SEC earlier this morning presented our financial results for the years ended December 31, 2025, and '24. Our 2025 financial results were heavily impacted by 2 major transactions that we completed this year. First, on May 2, we acquired SMCB Solutions Private Limited, which owns and operates our SemiCab India business segment. The financial results of SMCB are reflected in our financial statements for the period of May 2, 2025 through December 31 of '25. Second, on August 1, we sold our legacy consumer electronics business. Under applicable GAAP provisions, we reflected all financial results attributed to the consumer electronics business as discontinued operations in our financial statements. As a result, our balance sheet, income statement and statement cash flows only reflect the financial results of our continuing operations, including the operations of SemiCab. The financial results of the consumer electronics business for all periods reported in our financial statements are reflected in select line items referencing discontinued operations. Moving on to our 2025 financial results. Sales for the year ended 2025 increased 1,370% to $4.4 million from $300,000 last year, primarily due to the acquisition of SemiCab's Indian subsidiary, SMCB on May 2. During the 8 months that we owned it during 2025, SMC -- SemiCab delivered $4.4 million of revenue. SemiCab's legacy U.S. business was responsible for $300,000 of revenue that we generated during 2024. We recently announced that SemiCab's annualized revenue run rate had increased almost $10 million during December '25. During the next 12 months, we expect our revenue to increase substantially with SemiCab's annualized revenue run rate expected to increase to between $15 million and $20 million by the end of 2026. This will be largely attributable to growth in our SemiCab Indian managed services business, but will also reflect some revenue that we expect to begin generating from SemiCab's new SaaS business that we announced this past fall. Gary will discuss each of these business segments further later during this call. Gross loss for 2025 was $1.3 million compared to $194,000 last year. Gross loss is a function of the revenue that SemiCab generates from the managed services that it provides in India and the freight handling and servicing costs that comprise its cost of sales that it incurs in connection with the provision of those services. Under the managed services model, SemiCab pays for access to trucks and generates revenue by using these trucks to complete shipments for its customers. It enters into contracts for access to trucks when it enters new territories in India, then begins generating revenue in these territories as it acquires customers there and is awarded more routes. It takes time for SemiCab to acquire customers and expand its routes to fully utilized trucks that has under contract. During this time, SemiCab incurs cost for the trucks that it has under contract, while its revenue scales more gradually as it begins to acquire customers. Consequently, gross margins are negative. As it obtains customers in these territories and is awarded more routes from its customers, SemiCab more fully utilizes the trucks it has in their contract. As the truck utilization rate increases, a greater amount of revenues generated by the trucks, spreading a larger revenue base over the relatively same cost of the trucks it is using in these territories. As the network matures in each region and the truck utilization rate improves, the growth in revenue begins to outpace the increases in trucking costs. This drives a sharp improvement in gross margins. We view this initial ramp-up period as a necessary investment in long-term scale and profitability. We expect gross loss as a percentage of revenue to decrease over the next 12 months as the growth in revenue that SemiCab generates from obtaining new customers and routes exceeds the increase in cost of sales that it incurs as it enters into contracts for access to additional trucks. Operating expenses for 2025 decreased almost 20% to $6.6 million from $8.2 million last year. The decrease was due primarily to a decrease of $3.6 million for impairment of goodwill that we recorded during 2024, partially offset by an increase of $2 million in general and administrative expenses. We expect general and administrative expenses to increase over the next 12 months as we continue to invest in the growth and development of our SemiCab business. Net loss from continuing operations for 2025 decreased $3.7 million to $15.2 million from $18.9 million last year. Of these amounts, $6.5 million of our 2025 net loss and $8.9 million of our 2024 net loss consisted of onetime noncash charges for warrants that we previously issued and capital raising transactions. The decrease in net loss from continuing operations was due primarily to an increase of $5.2 million for cost of sales, partially offset by an increase of $4.1 million for revenue and a decrease in other expenses. We expect our net loss from consuming operations to decrease over the next 12 months due to the previously described increase in revenue that we anticipate to generate and our expectation that we will not incur any future losses related to warrant issuances. However, we expect this decrease to be partially offset by increases in the expenses we will incur in connection with the growth and development of our SemiCab business. Finally, we are pleased to report that our balance sheet has strengthened significantly over the past 12 months. We had cash on hand of $6.1 million at December 31, '25 d had $10.9 million of cash on hand as of March 25, 2026, putting us in a strong cash position to support the growth and development of our business for the remainder of 2026. Additionally, we reduced our liabilities by almost 50% between December 31 of '24 and December 31 of '25 through a reduction of our outstanding liabilities. This reduction in our liabilities substantially improved our ratio of liabilities to total assets on our balance sheet. That concludes my overview of our 2025 financial results. Gary? Gary Atkinson: Thank you, Alex. Before I open it up for questions, I want to draw a distinction between our 2 complementary business models. Firstly, we have our managed services business in India and secondly, we have our recently announced Apex platform, which is our global SaaS offering. Our managed services business in India, as Alex mentioned, is generating all of our revenue today. There, we work with the India business segments of notable enterprise shippers such as Procter & Gamble, Unilever, Kellogg's and recently announced Coca-Cola. In this managed services model, we don't own any of the trucks or employ any of the drivers. We act as a virtual carrier, sourcing trucks and directing their continuous movements through our platform. Contrast that with the new SemiCab Apex platform. We're bringing the same multi-enterprise network model directly to shippers and to 3PLs worldwide through a scalable technology-first subscription model. Apex differs from managed services in the sense that it is high margin and asset light. It delivers recurring SaaS revenue with strong gross margins. It's also very easily globally deployable. It's relevant wherever empty miles are a problem, which is everywhere. It's also very easy to implement, and this is an extremely important point. We are not a TMS system. The SemiCab platform sits adjacent to existing TMS systems and can be integrated simply without a heavy IT lift. I believe Apex represents our future. It's a platform capable of powering millions of loads while saving shippers money, keeping carriers' trucks fully utilized and reducing unnecessary fuel consumption and reducing CO2 emission. We're laying the groundwork to generate recurring platform fees on every optimized truck movement across every geography. We're excited for what lies ahead, and we're grateful for all of your continued support. And with that now, I'd like to turn the call over for any questions. Operator: [Operator Instructions] Our first question today comes from Theodore O'Neill of Litchfield Hills Research. Theodore O'Neill: Okay. Gary, so on the SaaS business, can you give us some high-level overview of what the pipeline into that looks like, inquiries? And if you've got a -- if you're building a dedicated sales team to support that product? Gary Atkinson: Yes. Thanks, Theodore. I appreciate that question. So clearly, with all of the recent media attention that we received over the last 1.5 months or so, it's been really transformative for the business. And not just from a visibility perspective, but we're now talking to some of the largest logistics service providers in the world. I mean these are some of everyday household brands that are delivering packages to everybody's front door. And speaking with key C-level decision-makers that, I think, quite frankly, probably wouldn't have been talking to us months ago. So the attention has been profound to what it is able to do for our SemiCab Apex platform. And that's really what makes me the most excited. So we have a very strong pipeline now of commercial sales opportunities with some of these largest LSPs. Now that being said, these guys, they don't move quickly, right? These are not the types of companies that will be turning around and jumping into commercial agreements that quickly. So these are sort of medium-term opportunities that are in the pipeline, but those are the types of deals and agreements that I think will be just transformative, particularly as we're talking about the Apex SaaS platform with all of these guys. And the margin profile, I think you -- that was part of your question, is definitely materially different from what we see in managed services. With Apex, we're looking at closer to the traditional 90% SaaS margin, and it can scale very quickly. So hopefully, that answered your question, Theodore. Theodore O'Neill: And what about a dedicated sales team for this? Gary Atkinson: Yes. So that's the other advantage that we've seen here over the last few weeks is we've actually had quite a strong inbound flow of communication from some industry executives that had seen all of the media attention. And these are guys that have been inside the industry long enough where they've been -- they've seen how inefficient this empty mile problem is. And I know a lot of different technology companies over the last 10 to 15 years, they've been trying to solve this problem. And I think for a lot of these guys, it's been sort of a passion project. And when they saw what we've been doing and having conversations with Ajesh and Vivek, the founder and co-founder of SemiCab and had a chance to do a demo of the platform, we've been able to attract some really high-caliber talent to the company to help lead up some of the sales efforts. So again, these things take time, but we're very, very optimistic about where the Apex platform can go here in the near-term future. Theodore O'Neill: Okay. And my other question -- the question I have for you is on the restricted cash, what's the -- what are the restrictions there? And how do you access that? Gary Atkinson: Yes. Do you want to tackle that, Alex? Alex Andre: Sure. The restricted cash consists of some of the cash that we received from Streeterville, and it's being held in a reserve account until such time as they are able to purchase securities from us. And as that occurs, these funds get released to us. So they have been releasing those funds to us over time since we first engaged in that transaction back in November. Operator: From Chardan Capital Markets, we have Jim McIlree. James McIlree: You mentioned that it will take some time to roll out Apex. And I'm curious about 2 things. One, if you can put a range around how much time you think it will take for customers to roll it out? And then secondly, maybe more importantly, what are the obstacles or objections that the customers have? Are they -- do they require to test it for some short or extended period of time? Can it only work on certain vehicles. Do they -- are they concerned about service and support? Are they concerned about your balance sheet? Just general things like that, what are the customers -- the pipeline customers worried about before they... Gary Atkinson: Yes. No, that's a great question. I appreciate that, Jim. So I think -- and I want to clarify something because I know that there's been a bit of a misconception, too. In terms of the Apex platform, it's already rolled out. It's already developed. It's -- the product itself is available today for customers to utilize. As I mentioned in my prepared remarks earlier, there -- it's not a heavy -- it's not a TMS system. So we're not talking about a long multi-month expensive integration cycle to get the platform up and working. It's a relatively light TMS adjacent platform that's cloud-based that customers can basically connect to through some simple APIs. So it's not a -- this is not a technology restraint in terms of having customers use it. It's really more of a commercial agreement cycle that has to happen. I will say that we've had strong engagement and strong response. I think part of what our sales cycle looks like as we -- when we engage with prospective customers, we ask them for real historical shipping data, whether it's 6 months or a year of data. And then we basically take that data and we have our SemiCab AI optimizer engine that just ingests all of that low data into it. And then it's able to spit out and say, look, if this customer had given us all of their shipping loads over that period of time, we could have saved x million number of miles. We could have driven down their freight spend by x millions of dollars over that period. And so we basically bundle all of that data back up and we give it back to the customer. And that's really been, I think, a very profound selling tactic that it's hard. It's hard for a shipper to ignore those types of cost savings that could be accessible to them without any loss of service. It's not like they would see any degradation in service in terms of pickups or deliveries. It's the same quality of service that they would be used to seeing but just done more efficiently. So it's been, I think -- I'm not going to say an easy sell, but it's becoming easier. One thing I will say, though, that has been, I think, probably the best takeaway from all of this media attention is, I remember, I went to a conference back in January. It was a large logistics conference, and we were there pitching and doing demos of our SemiCab platform. And when we would engage with customers and we'd start talking about multi-network or multi-enterprise collaborative shipping networks, I could just see their eyes glaze over. There wasn't a lot of sort of it was almost dismissed as being too theoretical. And I think now what we're seeing after all the recent media attention is people are really now -- and people within the industry are now looking at our platform and saying, yes, like we think that the multi-enterprise network is kind of the next key change. It's the next step-up in where freight technology is going. And so there's kind of been a broader kind of acceptance and adoption around what we're doing, whereas before it was just perceived as maybe being too theoretical. So it certainly helped just the industry-wide perception as to what we're doing. So hopefully, that answers some of your questions, Jim. James McIlree: Yes, it does. Can I just press you a little bit on timing in terms of what you think the customers might require for their testing before they roll out? Because I'm assuming they're going to test it first. So they would test it for a month, 6 months? Or is that discussion taking place yet? Gary Atkinson: Well, yes. I mean I think it's hard to give a broad -- like it's not a one-size-fits-all response. I think every customer, depending on how large or small they are, will have different appetites. I mean, certainly, when you're dealing with, let's say, a top 5 logistics service provider in the world that's multi-billions of dollars of market cap, they're going to be a little bit more cautious. They're going to take a little bit more time. They're going to test. And the nice thing about our platform is we can enable sort of this concept of a private cloud network and a public cloud network. So if we're dealing with a large enterprise shipper that has their own dedicated fleet where they own their own assets, we can basically open up a private cloud for them. They can put all of their own assets on that network and it's completely private. It's not open to what anybody else can see. And what we've seen there is that you'd be shocked or at least I've been shocked at just how much inefficiency can happen within a large Fortune 500 shipper that's moving consumer goods all over the country. There's a tremendous amount of opportunities to make them more efficient. So it's really hard for me to give you kind of an exact time line just because we don't have anybody that's sitting there pen in hand ready to sign contracts today. But there are many, many conversations that are ongoing. They're all, I think, very optimistic. And I think every customer is going to have a different approach as to how quickly they want to jump in. So it's just -- it's hard to give a date. Operator: And next, you'll hear from Brian [indiscernible]. Unknown Analyst: Gary, good morning. you've really addressed my initial question. So just, I guess, sort of a follow up on a few things you said. Obviously, there's been significant media attention, which is great. And you've also seen the dramatic increase in your cash position. As you think about the next 12 to 24 months or so, what are maybe 1 or 2 key drivers that you believe could have the biggest impact on future revenue growth? Gary Atkinson: Well, yes, that's a great question, Brian. I appreciate that. So I think, obviously, from what we've -- a lot of the questions that I've touched on here is sort of the SaaS model and how quickly we can turn on that high-margin business. So I think internally, that's the thing that I know we're all excited about. That's the SemiCab team is excited about. That's where we're investing into sales channels and pipelines and hiring people to support those types of SaaS opportunities and partnerships. So that's the one thing that I think I would encourage everybody to be looking out for, and that's where we're going to be driving most of our attention is let's start landing some SaaS contracts. That's what we're trying to do here. And that's going to be what I believe to be transformative to the financial profile of the business, right? I mean that's recurring revenue, much higher multiple, and it's sticky. I believe that when a customer starts utilizing this, I think when they fully understand. I mean, when we say to a customer, we can reduce their empty miles by upwards of 70%, I mean, that's -- for anybody inside the industry, that's like jaw-dropping type of numbers. I mean we've seen it now where we've had some lanes where empty miles have been 10% or less. So when you take that type of technology and you get it into an enterprise customer that has huge, huge scale, I mean, the amount of efficiency opportunities and savings is just really -- it's mind blowing. And I think the platform has a lot of blue sky to capture all that. And there's, I think, a tremendous amount of value that can get unlocked here. So that's -- we're still in the early stages. We're probably in the first or second inning. But I'm just -- again, I think there's just a lot of excitement and enthusiasm around what this technology can unlock. Operator: And that concludes our question-and-answer session. Gary, back over to you for any additional or closing comments. Gary Atkinson: Okay. Perfect. Well, again, I want to thank everybody for taking the time today to learn more about Algorhythm Holdings and doing a deeper dive into our 2025 year-end financial results. Also particularly appreciate all the good questions today. So we've just recently concluded our first quarter ended March 31, and we'll be looking forward to sharing all of those results with you all next month. So take care, everybody. Thank you, and we'll talk again soon. Operator: That concludes our meeting today. You may now disconnect. Before you buy stock in Algorhythm Holdings, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Algorhythm Holdings wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Algorhythm (RIME) Q4 2025 Earnings Transcript was originally published by The Motley Fool

Revenue Increases 71% Sequentially as Cash Balance Grows to Almost $11 Million Fort Lauderdale, FL, May 14, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a leading provider of AI-powered logistics solutions, today announced its financial results for the first quarter ended March 31, 2026, including the achievement of a record amount of revenue since becoming a pure-play AI technology company. First Quarter 2026 Financial Highlights Revenue increased $1.0 million, or 71%, sequentially to $2.4 million for the three months ended March 31, 2026 compared to $1.4 million for the three months ended December 31, 2025. Revenue increased $2.3 million, or 1,851%, year-over-year to $2.4 million for the three months ended March 31, 2026 from $123,000 for the three months ended March 31, 2025. Cash and restricted cash totaled $10.9 million at March 31, 2026, an increase of 78% compared to $6.1 million at December 31, 2025. Net loss decreased $3.9 million, or 42%, to $5.4 million (of which $1.8 million consisted of non-cash expenses) for the three months ended March 31, 2026 from $9.3 million for the three months ended March 31, 2025. Total assets grew 45% to $18.5 million at March 31, 2026 compared to $12.7 million at December 31, 2025. “We are off to a strong start in 2026, with first quarter revenue growing more than 71% sequentially and more than 1,800% year-over-year as we continue to scale our SemiCab business,” stated Gary Atkinson, Chief Executive Officer of Algorhythm Holdings. “Our SMCB acquisition in May 2025 continues to deliver meaningful results, and our customer base in India is broadening as existing customers expand their lane coverage and new enterprise shippers come on board. With our Apex SaaS platform opening the door to the U.S. and European markets, we believe we are well-positioned to sustain strong revenue growth throughout the remainder of 2026.” “Our balance sheet strengthened significantly during the first quarter,” added Alex Andre, Chief Financial Officer of Algorhythm Holdings. “We ended the quarter with $10.9 million in cash and restricted cash, up from $6.1 million at year-end 2025, providing us with substantially greater liquidity to support the growth of our SemiCab business. As of May 12, 2026, we had a cash and restricted cash balance of almost $9.4 million. “We also reduced our net loss by more than 40% year-over-year, reflecting both the elimination of prior-year non-cash warrant charges and continued discipline in managing our operating expenses relative to revenue growth,” added Mr. Andre. “Importantly, we returned to positive stockholders’ equity of $3.2 million from a deficit of $1.9 million at the end of 2025, a swing of approximately $5.0 million, which exceeds the $2.5 million threshold required by Nasdaq’s continued listing standards.” The Company expects net sales to continue to grow over the remainder of 2026 as its SemiCab business expands its customer base in India and begins generating revenue in the United States and Europe through its Apex SaaS platform. First Quarter 2026 Business Highlights During its first fiscal quarter, the Company made several notable announcements, including the following: The Company achieved an annualized revenue run rate (ARR) of more than $12 million. It entered into new service agreements with Coca-Cola India and MTR Foods and was awarded a contract expansion with Unilever India and Apollo Tyres. It raised an additional $9.5 million under its existing $20 million financing facility. SemiCab appointed Jonathan Miller as Vice President of U.S. Sales to drive sales of its Apex SaaS platform offering in the U.S. and Europe, bringing almost 30 years of logistics and freight technology leadership experience to the company. “SemiCab has evolved into a leading high-growth AI logistics company that is delivering real savings, real efficiency gains, and real environmental benefits to some of the world’s largest shippers,” stated Mr. Atkinson. “The rollout of our Apex SaaS platform marks our entry into the more than $450 billion U.S. full-truckload market and provides us with the opportunity to generate asset-light, recurring revenue with attractive gross margins. We remain focused on disciplined execution, prudent capital management, and continued investment in the technology and customer relationships that we believe will drive long-term shareholder value.” Conference Call Details Management will host a conference call to discuss the financial results and provide a business update. Date: Thursday, May 14, 2026 Time: 10:00 a.m. EDT Dial-in number: 888-999-3182 Conference ID: RIME About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com Investor Relations Contact Brendan Hopkins 407-645-5295 [email protected] www.algoholdings.com Media Contact FischTank PR [email protected] Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2025. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise. Algorhythm Holdings, Inc. and Subsidiaries CONDENSED CONSOLIDATED BALANCE SHEETS See notes to the condensed consolidated financial statements Algorhythm Holdings, Inc. and Subsidiaries CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS See notes to the condensed consolidated financial statements

Fort Lauderdale, FL, May 12, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that it will release its financial results for the first quarter ended March 31, 2026 on Thursday, May 14, 2026. Management will host a conference call on Thursday, May 14, 2026, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Thursday, May 14, 2026 Time: 10:00 a.m. EDT Dial-in number: 888-999-3182 Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://algoholdings.com/investors About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com Investor Relations Contact Brendan Hopkins 407-645-5295 [email protected] www.algoholdings.com Media Contact FischTank PR [email protected] Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2025. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.

The company completed a fundamental pivot by divesting its legacy consumer electronics business to focus entirely on SemiCab, an AI-powered logistics platform addressing the $1 trillion global inefficiency of 'empty miles'. Performance in 2025 was driven by the acquisition of SMCB (SemiCab India), which contributed $4.4 million in revenue over eight months and secured four new Fortune 500 clients. Management attributes the current negative gross margins in India to a deliberate 'ramp-up' strategy where truck capacity is contracted ahead of full route optimization and customer acquisition. The platform's value proposition centers on a 'multi-enterprise network' model that orchestrates freight as a collective system rather than independent transactions, claiming a 70% reduction in empty miles. A recent surge in media and industry attention has significantly accelerated the commercial pipeline, attracting industry veterans and providing access to C-suite decision-makers at major logistics providers. Operational efficiency is a key differentiator, with management stating the AI engine can handle four times the freight volume of traditional brokers without increasing headcount. Revenue is projected to reach an annualized run rate of $15 million to $20 million by the end of 2026, driven by Indian managed services and the launch of the Apex SaaS platform. Management expects a sharp improvement in gross margins over the next 12 months as truck utilization rates increase and revenue growth outpaces fixed trucking costs. The strategic priority is the global rollout of the Apex platform, which offers approximately 90% margins and requires minimal IT integration as it sits adjacent to existing systems. Future profitability is expected to improve as one-time non-cash charges related to warrant issuances conclude, though G&A expenses will rise to support SemiCab's expansion. The sales strategy for Apex involves using historical shipping data to demonstrate specific potential savings to prospects, a tactic described as a 'profound' driver for commercial conversion. The sale of the consumer electronics business on August 1, 2025, resulted in its classification as discontinued operations, significantly altering the year-over-year financial comparability. The balance sheet was strengthened through a 50% reduction in liabilities and a cash increase to $10.9 million as of late March 2026, supported by capital transactions. A $3.6 million decrease in operating expenses was primarily due to the absence of a large goodwill impairment charge recorded in the prior year. Net loss included $6.5 million in one-time non-cash charges related to warrants and capital raising, which management does not expect to recur at similar levels. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management confirmed they are attracting high-caliber industry talent for sales, driven by the platform's ability to solve long-standing industry inefficiencies. The pipeline includes 'medium-term' opportunities with some of the world's largest logistics service providers (LSPs) following recent transformative media exposure. The Apex platform is already fully developed and available; the primary bottleneck is the commercial agreement cycle rather than technical integration. To overcome skepticism, the company uses an 'AI optimizer engine' to ingest prospective customers' historical data and prove exact mileage and cost savings. Large enterprise shippers can utilize a 'private cloud' version of the network to optimize their own dedicated fleets without sharing data with the public network. The $10.9 million cash position includes restricted funds held in reserve from a transaction with Streeterville. These funds are released to the company's balance sheet over time as the investor purchases securities from the company. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

Revenue Grows by 1,367% as Total Liabilities Decrease Nearly 50% Fort Lauderdale, FL, April 02, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a leading AI technology company, announced today its results of operations for the year ended December 31, 2025. 2025 Financial Highlights Revenue increased $4.1 million, or 1,367%, to $4.4 million for the year ended December 31, 2025 compared to $0.3 million for the year ended December 31, 2024. Operating expenses decreased $1.6 million, or 19.5%, to $6.6 million for the year ended December 31, 2025 from $8.2 million for the year ended December 31, 2024. Net loss decreased $7.8 million, or 32.0%, to $16.6 million for the year ended December 31, 2025 compared to $24.4 million for the year ended December 31, 2024, of which $6.8 million and $8.9 million, respectively, was for non-cash warrant-related charges. Total liabilities decreased $14.2 million, or 49.3%, to $14.6 million as of December 31, 2025 from $28.8 million as of December 31, 2024. Cash on hand was $6.1 million as of December 31, 2025 compared to $7.2 million as of December 31, 2024. “We are very pleased with the progress we made this past year boosting revenue while cutting expenses,” stated Gary Atkinson, Chief Executive Officer of Algorhythm Holdings. “During the year, we scaled our SemiCab business to over $4.4 million in revenue, which was generated over only the 8-month period that we owned SemiCab India, achieving an annualized revenue run rate (ARR) of approximately $10 million as we exited December 2025. We also cut our operating expenses by almost 20%, which helped bring down our net loss by nearly 32% between 2024 and 2025.” “We also strengthened our balance sheet during 2025,” added Alex Andre, Chief Financial Officer of Algorhythm Holdings. “We had cash of $6.1 million at December 31, 2025, which increased to $10.9 million as of March 25, 2026, putting us in a strong cash position to support the growth and development of our business for the remainder of 2026. We also reduced our liabilities by almost 50% between December 31, 2024 and 2025, significantly improving our balance sheet. We expect to further strengthen our balance sheet during the remainder of 2026.” 2025 Business Highlights During 2025, SemiCab achieved five new contract wins with some of the largest multinational fast moving consumer goods companies (FMCGs) in India, and was awarded six contract expansions for increased lanes and trip volume ranging between 100% and 600%, including the following: In June, the company announced that SemiCab was awarded a multi-million-dollar expansion by Procter & Gamble India covering new geographic regions across the country. In July, the company announced that Kellanova awarded SemiCab a significant expansion into new freight lanes following a successful pilot program. In August, the company announced that SemiCab signed a new master service agreement with Bajaj Electricals, one of the largest electronics manufacturers in India, with over $560 million in annual sales. In November, the company announced that SemiCab was awarded a contract expansion by Marico of up to $3 million for freight coverage across key India distribution lanes. In December, the company announced that Asian Paints, one of the 10 largest global shippers in the paints industry, awarded SemiCab a $6 million contract expansion, the largest in its history, increasing Asian Paints’ active lanes from 25 to 183. Algorhythm Holdings also evolved substantially during 2025, marked by numerous business achievements: The company acquired SMCB Solutions, which owns the India segment of our SemiCab business. SemiCab launched “Apex”, its new software-as-a-service (SaaS) platform that brings SemiCab’s proven AI-driven collaborative logistics technology to 3PLs and multi-enterprise shippers in the United States and Europe. SemiCab secured a supply chain finance receivables facility with Bank of America to provide its India business with access to millions of dollars of low-cost, non-dilutive working capital. SemiCab won “Best Value” Award from its largest customer at LogiMeet 2025. Outlook for 2026 Algorhythm Holdings enters 2026 with a rapidly growing global footprint, a quickly expanding enterprise customer base, and an asset-light SaaS strategy designed to improve the company’s margins and the scalability of its software. SemiCab’s deep pipeline of FMCGs in India and new Apex SaaS platform will drive new enterprise pilots across the United States and Europe. Looking ahead, Mr. Atkinson said he expects strong revenue growth to continue throughout 2026. “SemiCab has evolved into a leading high-growth AI logistics company that is delivering real savings, real efficiency gains, and real environmental benefits to some of the world’s largest shippers,” stated Mr. Atkinson. “During 2025, we achieved five new contract wins and were awarded six contract expansions that helped us hit an ARR of approximately $10 million during December. So far in 2026, we have already announced two new contract wins with Coca-Cola India and MTR Foods and a contract expansion with Unilever India, further bolstering our quickly growing ARR.” “We recently marked our entry into the $450 billion U.S. full-truckload market through our new Apex SaaS platform,” continued Mr. Atkinson. “Apex will provide us with asset-light recurring revenue, high gross profit margins from platform licensing, accelerated market penetration through white-label partnerships, and a growing data ecosystem that strengthens AI accuracy and customer value. Apex provides 3PLs and enterprise shippers with a flexible, scalable solution that enhances – rather than replaces – their existing transportation systems, enabling them to reduce empty miles by up to 70%. We’re very excited to offer our technology solutions to new customers, new markets, and new geographies this year.” Management will host a conference call on Wednesday, April 2, 2026, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Wednesday, April 2, 2026 Time: 10:00 a.m. EDT Dial-in number: 888-999-3182 Conference ID: RIME About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com. Investor Relations Contact Brendan Hopkins 407-645-5295 [email protected] www.algoholdings.com Media Contact FischTank PR [email protected] Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2025. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise. Algorhythm Holdings, Inc. and Subsidiaries CONSOLIDATED BALANCE SHEETS See notes to the consolidated financial statements Algorhythm Holdings, Inc. and Subsidiaries CONSOLIDATED STATEMENTS OF OPERATIONS See notes to the consolidated financial statements

Fort Lauderdale, FL, April 01, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading AI technology company, today announced that it will release its financial results for the full year 2025 on Thursday, April 2, 2026. Management will host a conference call that same day on Thursday, April 2, 2026, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Thursday, April 2, 2026 Time: 10:00 a.m. EDT Dial-in number: 888-999-3182 Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://algoholdings.com/investors About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com Investor Relations Contact Brendan Hopkins 407-645-5295 [email protected] www.algoholdings.com Media Contact FischTank PR [email protected] Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2025. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.

SemiCab Delivers 13X Growth YoY for the Quarter and over 23X Growth YTD Fort Lauderdale, FL, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, announced today its results of operations for its third quarter ended September 30, 2025. Third Quarter Financial Highlights* Revenue increased to $1.7M for the third quarter of 2025 compared to $0.1M for the third quarter of 2024. Operating expenses decreased to $1.2M for the third quarter of 2025 compared to $1.8M for the same period last year. Net loss from continuing operations decreased to $1.9M for the third quarter of 2025 compared to $2.1M for the third quarter of 2024. Cash on hand was $2.8 million as of September 30, 2025. * Comparative financial information related to results from continuing operations has been recast to reflect the presentation of our former Singing Machine business as discontinued operations. Third Quarter Business Highlights Algorhythm’s business evolved substantially during the quarter, marked by several major transactions and additions to management since the beginning of the quarter. Of note were the following: Algorhythm completed the sale of its legacy Singing Machine karaoke business to Stingray Group for $4.5 million, trimming millions of dollars of expenses and transforming Algorhythm into a technology focused AI distribution and logistics company. Algorhythm’s subsidiary, SemiCab, launched “Apex”, its new software-as-a-service (SaaS) platform that brings SemiCab’s proven AI-driven collaborative logistics technology to 3PLs and multi-enterprise shippers in the United States. SemiCab signed a new master service agreement (MSA) with Bajaj Electricals, one of the largest electronics manufacturers in India, with over $560 million in annual sales. SemiCab appointed Michael Silvagni as its new VP of U.S. Sales to drive SemiCab’s SaaS strategy in the United States and Vasudha Khurana as VP of Brand and Communications to lead its brand development, marketing strategies, and global go-to-market initiatives. SemiCab secured a supply chain finance receivables facility with Bank of America to provide its India business with access to millions of dollars of low-cost, non-dilutive working capital. SemiCab won “Best Value” Award from its largest customer at LogiMeet 2025. “Our third quarter was a transformational period for the company,” stated Gary Atkinson, Chief Executive Officer of Algorhythm. “With the sale of Singing Machine, we transformed Algorhythm Holdings into a high-growth, AI technology company while significantly reducing our cash burn and strengthening our balance sheet. We also unveiled our new “Apex” SaaS platform, marking our move into the $450 billion U.S. full-truckload market. Apex will provide us with asset-light recurring revenue and high gross profit margins from platform licensing, accelerated market penetration through white-label partnerships, and a growing data ecosystem that strengthens AI accuracy and customer value.” Mr. Atkinson continued, “Our SemiCab business has grown more than 1,200% year-over-year, with our third quarter revenue reflecting the annualized run rate of $7 million that we achieved during our second quarter. Future growth will now be driven by a combination of our SemiCab India business and our SemiCab U.S. business. The India segment will benefit from the numerous new contract wins and expansions that we announced during our second quarter, as well as our recent fleet expansion to 450 trucks which provides us with the ability to generate in excess of $23 million in annual revenue. Growth in the U.S. will be driven by Michael Silvagni, SemiCab’s new VP of U.S. Sales, and his team, and will be supported by Vasudha Khurana, SemiCab’s new VP of Brand and Communications. This segment is expected to begin generating material recurring SaaS-based revenue for us when we complete our broader rollout of the Apex software platform in 2026, and longer term is expected to be our primary source of revenue.” Third Quarter Financial Summary “Revenue increased over 1,200%, from $0.1M to $1.7 million, year-over-year, driven by the acquisition of SemiCab India this past May and its continued growth thereafter,” stated Alex Andre, Chief Financial Officer of Algorhythm. “We also experienced a substantial drop in operating expenses, driven largely by a steep decrease in general and administrative expenses that resulted from a variety of cost-reduction measures we implemented during the past couple of quarters. We expect revenue to continue to increase over the next 12 months as our SemiCab business continues to grow in India and as we benefit from the broader rollout of our SaaS business in the U.S. during 2026. Cash outflows will continue trending lower compared to historical levels due to the sale of Singing Machine, however increases in our strategic investments in SemiCab’s business will offset some of these reductions.” For further information, please refer to the Company’s Quarterly Report on Form 10-Q which will be filed with the SEC on November 19, 2025 and available online at www.sec.gov. Earnings Call Management will host a conference call Wednesday, November 19, 2025, at 10:00 a.m. Eastern Time to discuss the company’s third quarter financial results and provide a business update. Conference Call Details: Date: Wednesday, November 19, 2025 Time: 10:00 a.m. EST Dial-in number: 888-999-3182 Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com About Algorhythm Holdings Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com Investor Relations Contact Brendan Hopkins 407-645-5295 [email protected] www.algoholdings.com Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2024. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise. Algorhythm Holdings, Inc. and Subsidiaries CONDENSED CONSOLIDATED BALANCE SHEETS Algorhythm Holdings, Inc. and Subsidiaries CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)