Algorhythm Holdings, Inc. financial data

Symbol
RIME, MICS 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 - Q2 2024 - Aug 19, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 142 % -29.1%
Quick Ratio 60.6 % -47.4%
Debt-to-equity 328 % +283%
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 9.74M shares +131%
Common Stock, Shares, Outstanding 6.42M shares +52.1%
Entity Public Float 2.39M USD
Common Stock, Value, Issued 64K USD +51.6%
Weighted Average Number of Shares Outstanding, Basic 6.42M shares +65.7%
Weighted Average Number of Shares Outstanding, Diluted 6.42M shares +65.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 2.44M USD -7.05%
Revenue from Contract with Customer, Excluding Assessed Tax 2.44M USD -7.05%
Research and Development Expense 125K USD +45.3%
General and Administrative Expense 2.05M USD -18.4%
Operating Income (Loss) -6.15M USD -153%
Nonoperating Income (Expense) -17K USD +41.4%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -6.17M USD -151%
Income Tax Expense (Benefit) -52K USD
Net Income (Loss) Attributable to Parent -6.12M USD -149%
Earnings Per Share, Basic -0.95 USD/shares -48.4%
Earnings Per Share, Diluted -0.95 USD/shares -48.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.25M USD -34.1%
Accounts Receivable, after Allowance for Credit Loss, Current 713K USD -92.6%
Inventory, Net 6.91M USD -34.9%
Assets, Current 11.8M USD -15.6%
Deferred Income Tax Assets, Net 1.4M USD +119%
Property, Plant and Equipment, Net 305K USD -38%
Operating Lease, Right-of-Use Asset 178K USD -46.4%
Other Assets, Noncurrent 93K USD -25.1%
Assets 12.4M USD -17.7%
Accounts Payable, Current 3.68M USD +39%
Accrued Liabilities, Current 1.84M USD +42.3%
Contract with Customer, Liability, Current 1.31M USD
Liabilities, Current 9.1M USD +71.1%
Operating Lease, Liability, Noncurrent 4.14M USD +5148%
Other Liabilities, Noncurrent 3K USD
Liabilities 13.2M USD +142%
Retained Earnings (Accumulated Deficit) -34.4M USD -56.5%
Stockholders' Equity Attributable to Parent -872K USD -109%
Liabilities and Equity 12.4M USD -17.7%

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 7.42M shares +75.8%
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 4.3M USD +1106%
Depreciation 52K USD -5.46%
Payments to Acquire Property, Plant, and Equipment 42.5K USD +94.9%
Lessee, Operating Lease, Liability, to be Paid 9.96M USD +2413%
Property, Plant and Equipment, Gross 2.74M USD -5.03%
Operating Lease, Liability, Current 165K USD -40.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two 529K USD +985%
Lessee, Operating Lease, Liability, to be Paid, Year One 408K USD +240%
Operating Lease, Weighted Average Discount Rate, Percent 0.12 pure +76.9%
Deferred Income Tax Expense (Benefit) 1.4M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 5.66M USD +14135%
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 46K USD -81.7%
Additional Paid in Capital 33.5M USD +6.31%
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%