10-Q · May 14, 2026
RIME reported a significant increase in net sales to $2.4 million in Q4 2026, compared to $123,000 in the same quarter of the previous year, driven by the SemiCab business. Despite this growth, the company reported a…
Earnings analysis · 10-Q
RIME earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
The provided filing extract does not include the income statement, balance sheet, cash-flow statement, or segment disclosures, so revenue, margins, EPS, liquidity, and free cash flow cannot be assessed from the…
Read full summary
The provided filing extract does not include the income statement, balance sheet, cash-flow statement, or segment disclosures, so revenue, margins, EPS, liquidity, and free cash flow cannot be assessed from the available information. The principal adverse signal is that disclosure controls and internal control over financial reporting remained ineffective, with 3 material weaknesses identified. The company also paid $500,000 on July 2, 2026 to settle Blue Yonder litigation, while quantitative guidance was not provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Blue Yonder litigation settled
The company paid $500,000 on July 2, 2026 to settle all claims in the Blue Yonder litigation; Blue Yonder released the company and its subsidiaries and filed a satisfaction of judgment.
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No new control changes reported
During the fiscal quarter ended June 30, 2026, management reported no additional changes to internal control over financial reporting that materially affected, or were reasonably likely to materially affect, controls.
What to watch
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Material control weaknesses persist
The CEO and CFO concluded that disclosure controls and procedures were not effective as of June 30, 2026. The filing identifies 3 material weaknesses tied to insufficient accounting resources, segregation of duties, and revenue controls.
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Post-quarter legal cash outflow
The company paid $500,000 on July 2, 2026 to resolve the Blue Yonder matter, creating a cash outflow after quarter-end despite eliminating the related litigation claims.
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Remediation costs and timing uncertain
Management stated that it may hire 1 or more accounting personnel to remediate the weaknesses, but the filing does not provide a completion date or quantified remediation cost.
Management's outlook
The provided 10-Q extract contains no quantitative revenue or EPS outlook and no explicit forward guidance.
Earlier filings 4
10-K · April 2, 2026
Algorhythm (RIME) repositioned as an AI logistics company around its SemiCab platform after selling the Singing Machine business on August 1, 2025 for $500,000, completed an acquisition of SMCB for $1,750,000 (with…
10-Q · November 19, 2025
Algorhythm (RIME) reported Q3 net sales of $1,744,000 (vs. $127,000 in Q3 2024), producing a gross loss of $351,000 and a continuing-operations loss per share of $(0.72). The quarter reflects strong top-line expansion…
10-K · April 15, 2025
Algorhythm Holdings (RIME) 10-K describes a two‑pillar strategy: grow its legacy Singing Machine consumer karaoke products while scaling SemiCab, an AI logistics/SaaS business acquired July 3, 2024 (consideration: 3,210…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.