Algorhythm Holdings, Inc. Price & Performance (RIME)

Algorhythm Holdings posted a net loss of $24.4 million for 2024, up sharply from $6.1 million last year, as revenue declined to $23.5 million. The company is pivoting from karaoke products to AI-driven logistics, with its SemiCab acquisition at the center, and is considering selling its Singing Machine business.12

The Singing Machine, now under Algorhythm Holdings, will debut its advanced karaoke microphone at CES 2025, targeting more auto manufacturers following a global deal with BYD. The device integrates proprietary tech and Stingray content, aiming to expand its reach in automotive and smart TV markets.34

Shares of Singing Machine (NASDAQ:MICS) have experienced high volatility, trading down 4% recently. The company’s ongoing rebranding to Algorhythm Holdings and its shift from traditional karaoke products to AI logistics have yet to stabilize its market performance or reverse declining sales.56