RYM

Shares of RYTHM, Inc. RYM have declined 6.5% since the company reported earnings for the quarter ended March 31, 2026, compared with the S&P 500 index’s 2.9% growth over the same period. Over the past month, the stock has gained 9.1% compared with the S&P 500’s 8.6% change, reflecting investor caution despite improving operating trends and upbeat near-term revenue expectations. RYTHM reported first-quarter 2026 earnings per share from continuing operations of $1.33 against a loss of $1.68 per share a year ago. Revenue from continuing operations of $13.3 million indicated a sharp increase from $0.5 million in the year-ago quarter. Gross profit climbed to $10.4 million from $0.09 million a year earlier, while gross margin came in at 78%. Net income from continuing operations totaled $19.9 million compared with a loss of $3.3 million in the prior-year period, aided by a $25.6 million non-cash income tax benefit. RYTHM, Inc. price-consensus-eps-surprise-chart | RYTHM, Inc. Quote Adjusted EBITDA was approximately breakeven at a loss of $0.02 million, improving significantly from a loss of $2.8 million in the year-ago quarter. EBITDA loss narrowed to $0.5 million from $2.9 million a year earlier, underscoring operating leverage as revenues scaled. Operating cash flow turned positive at $1 million compared with an outflow of $6.7 million in the prior-year quarter. The company ended the quarter with cash and cash equivalents of $33.3 million. At quarter-end, RYTHM had approximately 2.1 million shares outstanding, alongside 11 million warrants and 3 million shares issuable upon conversion of outstanding convertible notes, excluding interest. Total assets stood at $127.5 million, while total equity was $36.6 million. Chairman and interim chief executive officer Ben Kovler said the company carried momentum into 2026, supported by sequential revenue growth, strong gross margins and a solid cash position. He emphasized that the company’s licensing structure with Green Thumb Industries provides predictable annual revenue streams and positions the company to benefit from rising consumer demand for THC products. Management also highlighted growth opportunities in THC beverages, noting that demand remains robust despite uncertainty tied to a potential federal hemp ban. Kovler said the company’s products are increasingly available in mainstream retail channels such as grocery...

ROLLING MEADOWS, Ill., May 05, 2026 (GLOBE NEWSWIRE) -- RYTHM, Inc. (Nasdaq: RYM) (“RYTHM” or the “Company”), America’s THC Company whose portfolio of trusted THC brands includes RYTHM, Señorita, incredibles, Beboe, and Dogwalkers, today announced financial results for the first quarter ended March 31, 2026. Highlights for the first quarter ended March 31, 2026: Revenue from continuing operations of $13.3 million, up 24% from $10.7 million in the prior quarter. Gross profit from continuing operations of $10.4 million, or 78% of revenue, compared to $8.0 million, or 75% of revenue, in the prior quarter. Net income from continuing operations of $19.9 million, driven by a $25.6 million non-cash income tax benefit. Adjusted EBITDA approximately breakeven with cash flow from operations of $1.0 million. Cash balance of $33.3 million. At quarter end, the Company had approximately 2.1 million shares outstanding, as well as 11.0 million warrants outstanding and 3.0 million shares issuable upon conversion of outstanding convertible notes (excluding interest). See definitions and reconciliation of non-GAAP measures elsewhere in this release. Recent Developments and Second Quarter 2026 Outlook Amended brand intellectual property license agreements with Green Thumb Industries Inc. to establish fixed annual cash licensing fees of $70 million, with annual increases tied to inflation. Expanded incredibles offerings to include Peanut Buddah Cups and Strawberry Supernova Comets. Launched 1777 by Señorita, the Company’s first non-alcoholic hemp-derived THC spirit. The Company expects second quarter 2026 revenues of approximately $22 million, representing 65% sequential growth. Management Commentary “RYTHM carried momentum into 2026, delivering 24% sequential revenue growth and 78% gross margin in the first quarter, ending the period with approximately $33 million in cash,” said RYTHM, Inc. Chairman and Interim Chief Executive Officer Ben Kovler. “Together with our long-term licensing structure that provides predictable annual revenue, we are building a strong foundation to serve growing consumer demand for THC. RYTHM is America’s THC Company, and as a Nasdaq-listed company with a portfolio of leading THC brands, RYTHM has a differentiated position in the market.” “According to BDSA, the nation’s leading data source for the cannabis industry, RYTHM-licensed brands continued to...

ROLLING MEADOWS, Ill., March 03, 2026 (GLOBE NEWSWIRE) -- RYTHM, Inc. (Nasdaq: RYM) (“RYTHM” or the “Company”), which delivers well-being to consumers through its portfolio of iconic brands and hemp-derived THC products including Señorita THC Margaritas, incredibles, and RYTHM Beverages, today announced financial results for the fourth quarter and full year ended December 31, 2025. Highlights for the fourth quarter ended December 31, 2025: Revenue from continuing operations of $10.7 million, up 164% from $4.0 million in the prior quarter. Gross Profit from continuing operations of $8.0 million or 75% of revenue, up from $1.4 million or 34% of revenue in the prior quarter. Operating loss from continuing operations of $12.9 million, primarily driven by an $8.5 million non-cash impairment charge. Cash balance of $32.2 million. At year end, the Company had approximately 2.1 million shares outstanding, as well as warrants convertible into 10.9 million shares, and 3.0 million shares issuable upon conversion of convertible notes (excluding interest). Highlights for the year ended December 31, 2025: Acquired portfolio of brand intellectual property including RYTHM, Dogwalkers, incredibles, Beboe, and others. Generated $7.8 million in licensing fees by licensing brands to cannabis operator Green Thumb Industries. Established a beverage retail footprint of over 6,000 locations across 18 states. Secured placement of Señorita THC Margaritas in over 800 Circle K stores as part of the largest U.S. convenience store rollout of hemp-derived THC beverages to date. Launched Señorita THC Margaritas and RYTHM Beverages at Chicago’s United Center through a multi-year partnership, making the brands the first THC beverages available at a major U.S. arena. Management Commentary “2025 was a transformational year for RYTHM, Inc., marked by a new name, a new ticker, and a new strategic direction as we expanded our role in the THC category, with RYTHM, Dogwalkers, and Señorita leading the way,” said Chairman and Interim CEO Ben Kovler. “We exited the year with fourth quarter licensing revenue of $7.0 million, which was a key contributor to the Company’s total gross margins of approximately 75% for the quarter. The licensing revenue from our most recent brand acquisition began November 1, resulting in two months of contribution reflected in the fourth quarter. “THC has faced persistent...

ROLLING MEADOWS, Ill., Nov. 07, 2025 (GLOBE NEWSWIRE) -- RYTHM, Inc. (Nasdaq: RYM) (“RYTHM” or the “Company”) (formerly known as Agrify Corporation), which delivers well-being to consumers through its portfolio of iconic licensed brands and hemp-derived THC products including Señorita THC Margaritas and RYTHM, today announced financial results for the quarter ended September 30, 2025. Third Quarter 2025 Financial Results Revenue from continuing operations of $4.0 million, up 98% from $2.0 million in the prior quarter. $8.9 million operating loss from continuing operations. Cash balance of $35.6 million. Approximately 2.0 million shares, 7.6 million warrants outstanding and 6.2 million shares issuable upon conversion of outstanding convertible notes (excluding interest) as of September 30, 2025. Recent Developments The Company’s Señorita THC Margaritas launched in global convenience store chain Circle K, rolling out to over 1,000 stores across the country, marking the largest convenience store hemp-derived THC beverage rollout to date in the U.S. Señorita THC Margaritas launched in select Minnesota Target stores as part of the retailer’s pilot program for hemp-derived THC beverages. On August 27, 2025, the Company acquired a portfolio of brand intellectual property (the “Brands”), including RYTHM, Dogwalkers, Beboe and others. Concurrent with this acquisition, the Company entered into licensing agreements for the Brands to be manufactured and distributed. On September 2, 2025, the Company changed its name to RYTHM, Inc. and began trading on the Nasdaq Capital Market under the symbol “RYM.” Management Commentary “It’s a new day, a new name and a new strategic direction for RYTHM, Inc.,” said Chairman and Interim CEO Ben Kovler. “We now own some of the most iconic and trusted THC brands, including RYTHM, Dogwalkers, incredibles, Beboe and others. “Adult consumers, especially younger generations, are increasingly choosing THC beverages as an alternative to alcohol, creating a long tailwind for growth. With both licensing and direct revenue streams, RYTHM is well-positioned to capture this demand and execute our strategy as America’s THC Company. “In the third quarter, we expanded our beverage portfolio with the launch of RYTHM Beverages, and built on the strong momentum of Señorita, our award-winning THC margarita brand. In October, Señorita debuted in select Mi...