Algorhythm Holdings Inc (RIME) News

Is there a good buy point

A stock offering on an .08 stock on the Nasdaq?WTF? I guess they have something up their sleeve to get this above .10 or they wouldn't be buying those shares. Who would buy shares knowing it's getting delisted within 10 days if they don't get their head out of their a--.

1.2billion traded, 18million outstanding, fuckin MMs are prayin retail closes out these trade before settlement 😵

I heard they were changing the ticker symbol here. Instead of RIME the new one is REEM

So where's the pumpers? Where did y'all go? I thought this was going to .25 by tomorrow? Haha

Wow I just saw that too. I wasn't even expecting to go back under .10 that quick. Crazy. I only have 100 shares of this junk for a small gamble thank goodness. Moon market strikes again

lol missed that rug pull, must have been a sizable chunk

Timber!!! Haha. Falling like a rock

I couldn't figure out why this ran today and then I realized moon market pumped it haha. It'll be over by tomorrow in my opinion and right back down under .10.

RIME, a Joke! Karaoke JOY. Look at it:

https://www.algoholdings.com/

this is surely going above .25 tomorrow IMO

keep begging. Ive seen stocks with momentum volume like this 10x higher than normal go up over 1000% in a month. people here with even a little experience here know this. RIME

oh really? then explain why SIDU is staying up 400% then? duh

this is GREAT...On December 3, 2024, the Company entered into a Stock Repurchase Agreement (the “Repurchase Agreement”) with Stingray Group, Inc., a Canadian corporation (the “Seller”), pursuant to which the Company agreed to repurchase from the Seller an aggregate of 1,098,901 issued and outstanding shares of common stock, par value $0.01 per share, of the Company (the “Repurchased Shares”).



The shares of common stock to be repurchased were originally issued to the Seller on November 21, 2023, pursuant to a certain stock purchase agreement, dated November 20, 2023.

how is the OS 14mil and this has traded 650mil shares? thats crazy

now with all this volume and eyes, this will most certainly hit the top of the bollinger band at .30 IMO

They had to pump it because it would have been delisted from the Nasdaq any day now under .10

Hell of a bottom bounce

rime........................https://stockcharts.com/h-sc/ui?s=rime&p=W&b=5&g=0&id=p86431144783

reversal

RIME..........https://stockcharts.com/h-sc/ui?s=RIME&p=W&b=5&g=0&id=p86431144783

Only get 10 days under .10 or it's supposed to get delisted

This is getting delisted soon in my opinion.

Hope so... my acct. told me I need more tax write offs.. so I bought another 2 million shares..lol... hope it doesn't jump by eoy..

I think it churns at these levels..08 .09 .10 .11.12 levels for awhile. It was getting pumped hard Thursday Friday and weekend. Now it's quite time for the reload and establish a new base for the next pump to .15 plus.
JMO
We will see.
GL

Be extremely careful watching moon market. His picks are usually flash pump and dumps. He embellishes price targets extremely so he can dump into the liquidity it seems. Says a stock going from .09 to $1 and then it goes up to .14 for a few minutes premarket and he brags like he did everyone a favor and made them a bunch of money when you didn't even have time to get out at .14 or even .13. He said one was a multi day runner and it flash spiked for about 19 seconds and then tanked below his so called buy price and was a pump and dump with his cronies running it up. Complete manipulation from that dude. I been burned so many times by that dude. This was the first video I watched if his in six months and I'm already in the red a day later

Got more averaged up $$$

Didn't do too much today but I'm not selling. GL to all!

F-it..bought another 200k..

I'm just holding for a run. I only bought what I was comfortable losing unlike usual haha. If it tanks so be it. If not winner winner chicken dinner

It's coming 

I guess pee market was the time to sell. Oh well. Let's see if anything left in the tank

Where's trendtrade...smh.

The train is getting ready to leave $$$$

Mi in

Should be an interesting day I'm in also

Im in lets see what it brings now they closed offering

I'm in

Interesting
Day
Ahead

RIME: THANKS, Glenn!! (Mark made note of it too today; & I've been tossing it into COPILOT, but nothing much anywhere.)

RIME....................https://stockcharts.com/h-sc/ui?s=RIME&p=W&b=5&g=0&id=p86431144783

Looking good for a rebound here $$$$$$$

Offering closed

RIME: THANKS!! (And WITTY too!!!)

Business Highlights and Key EventsAlgorhythm achieved several milestones during the third quarter, marked by strategic realignment and growth initiatives across its two key operating subsidiaries:July 3rd: The Company closed the acquisition of SemiCab, an emerging AI-driven logistics transportation company.September 5th: The Company rebranded as Algorhythm Holdings, Inc. to fully reflect the shift to a holding company model. SemiCab and Singing Machine will continue to operate under their own distinct brands.October 7th: SemiCab secured a multimillion-dollar pilot contract with a $200 billion consumer packaged goods client for multiple US metropolitan markets.October 9th: SemiCab won a multimillion-dollar pilot contract with a $10 billion Indian multinational consumer packaged goods manufacturer.October 17th: SemiCab was awarded a multimillion-dollar pilot contract with Apollo Tyres, a top ten global tire manufacturer based in India.November 13th: The Company filed an 8-K announcing it believes to be back in compliance with Nasdaq’s Minimum Equity Rule. As of the date of this report, the Company reported shareholders’ equity of $2.9 million.November 14th: Singing Machine announced a formal partnership with BYD to integrate Singing Machine microphone technology into BYD’s vehicles globally. The agreement also includes technology partnerships between Stingray Group, Inc., a global leader in digital music content, and manufacturing collaboration with BYD for mass production of the Company’s karaoke automotive microphone.
Additionally, the Company anticipates completing the acquisition of SMCB Solutions Private Limited (“SemiCab India”) during Q4 2024. SemiCab India continues to serve Fortune 500 clients under both pilot and scalable long-term contracts. In the karaoke division, Singing Machine is actively focusing on OEM partnerships across automotive, television, and set-top-box markets, aligning with its broader strategy to prioritize technology-driven solutions while reducing reliance on traditional retail relationships.Third Quarter Operational ResultsThird quarter operational highlights were as follows: Revenues: Sales for Q3 2024 totaled $10.6 million, compared to $15.9 million in Q3 2023, a decline of $5.3 million (33%). The decrease reflects a strategic focus on higher-margin products, reducing promotional pricing strategies with two top-five customers. Sales were also impacted by general inflationary pressures and softened demand for audio and in-home entertainment.Operating Expenses: Operating expenses for Q3 2024 were $1.1 million, down from $3.6 million in Q3 2023. This includes a $3.9 million non-cash gain from early termination of an operating lease. Excluding non-cash items, the Company incurred $1.3 million in additional operating expenses related to SemiCab’s acquisition and increased legal and professional fees.Balance Sheet: Shareholders’ equity improved significantly, increasing from a deficit of $(0.9) million as of June 30, 2024, to $2.7 million as of September 30, 2024.Net Income: The Company reported net income of $1.2 million for Q3 2024, compared to $0.1 million for the same period in 2023.Conference Call Details:Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update.Date: Wednesday, November 20, 2024
Time: 10:00 a.m. ET
Dial-in number: (888)-800-3146
Conference ID: RIMEAn audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com/

RIME looks ready to PRIME .24 decent earnings report today still small rare floater at this low price 

RIME: Got some news ---

"SemiCab Wins Contract with Apollo Tyres, $3 Billion Global Tire Manufacturer, for New Indian Commercial Pilot"

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OUT HERE...DILUTING

Trying to hold .70 for now.. the Company raised approximately $1.4 million in gross proceeds, selling approximately 2.16 million shares of common stock at an average share price of $0.65 per share.
Gary Atkinson, the Company’s CEO commented, “We’re pleased to have successfully utilized the ATM as the most cost-effective form of raising equity capital. The Company successfully met its goal of bolstering its balance sheet without issuing warrants or providing a discount to market. The proceeds from the ATM will provide the Company with access to working capital while we continue to execute on the respective business objectives for our global karaoke brand, the Singing Machine, and our rapidly emerging AI logistics business, SemiCab.”

“Our two holdings are positioned for an exciting fourth quarter. Our karaoke consumer electronics division is ramping up for peak sales during the holiday shopping season, with our automotive karaoke microphone business on track to secure its first OEM partnership by the end of Q4 2024. As announced yesterday, our U.S.-based AI logistics business continues to gain momentum, winning new clients and expanding existing relationships. Meanwhile, our Indian AI logistics business is in the final stages of acquisition integration and is set to onboard several key clients in the coming quarter.”

“With this positive momentum, we are pleased to strengthen our liquidity, strategically reduce leverage on the balance sheet, and accelerate operations across all areas,” concluded Mr. Atkinson.