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-Q - Q3 2024 - Nov 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 124 % -34.6%
Quick Ratio 52.6 % -50.2%
Debt-to-equity 444 % +315%
Return On Equity -68.1 % -13627%
Return On Assets -32.9 % -15310%
Operating Margin -23.3 % -2376%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 14.2M shares +237%
Common Stock, Shares, Outstanding 9.75M shares +131%
Entity Public Float 2.39M USD
Common Stock, Value, Issued 98K USD +132%
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 10.6M USD -33.3%
Revenue from Contract with Customer, Excluding Assessed Tax 10.6M USD -33.3%
Research and Development Expense 125K USD +45.3%
General and Administrative Expense 4.34M USD +76.5%
Operating Income (Loss) 1.26M USD +1086%
Nonoperating Income (Expense) -283K USD -3044%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 974K USD +904%
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 7.33M USD -43.8%
Assets, Current 14.4M USD -48.1%
Deferred Income Tax Assets, Net 1.4M USD +119%
Property, Plant and Equipment, Net 318K USD -30.4%
Operating Lease, Right-of-Use Asset 137K USD -96.6%
Intangible Assets, Net (Excluding Goodwill) 1.36M USD
Goodwill 3.35M USD
Other Assets, Noncurrent 41K USD -88.2%
Assets 19.6M USD -39.8%
Accounts Payable, Current 8.74M USD -30.2%
Accrued Liabilities, Current 4.3M USD +56.6%
Contract with Customer, Liability, Current 1.31M USD
Liabilities, Current 16.5M USD -13.5%
Operating Lease, Liability, Noncurrent 4.14M USD +5148%
Other Liabilities, Noncurrent 3K USD
Liabilities 16.9M USD -26.3%
Retained Earnings (Accumulated Deficit) -33.2M USD -51.8%
Stockholders' Equity Attributable to Parent 2.7M USD -72.1%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2.74M USD -71.7%
Liabilities and Equity 19.6M USD -39.8%

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 11.1M shares +163%
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 3.6M USD +4515%
Deferred Tax Assets, Gross 4.7M USD
Operating Lease, Liability 135K USD -96.6%
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 2.74M USD -5.03%
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%
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 5K USD -99.9%
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 45K USD -87.6%
Additional Paid in Capital 36M USD +14.2%
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance 1.1M USD -21.2%
Interest Expense -96.1K USD -71.6%
Preferred Stock, Par or Stated Value Per Share 1 USD/shares 0%