Algorhythm Holdings, Inc. (RIME) 10-Year Financial Performance & Capital Metrics

RIME • • Industrial / General

TechnologyConsumer ElectronicsAudio & Entertainment ElectronicsKaraoke & Audio Entertainment

AboutAlgorhythm Holdings, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The company was formerly known as The Singing Machine Company, Inc. and changed its name to Algorhythm Holdings, Inc. in September 2024. Algorhythm Holdings, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.Show more

Revenue $23M -39.7%
EBITDA -$13M -72.5%
Net Income -$23M -172.6%
EPS (Diluted) -2.56 -46.1%
Gross Margin 20.35% -4.0%
EBITDA Margin -57.32% -185.8%
Operating Margin -59.27% -181.7%
Net Margin -98.99% -351.8%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -7.38 +64.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 3 (bottom 3%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 9.4% over 5 years
✗Shares diluted 87.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.02%

5Y-9.41%

3Y-20.92%

TTM-25.77%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-91.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM94.78%

ROCE

10Y Avg-207.15%

5Y Avg-424.57%

3Y Avg-713.04%

Latest-2032.85%

Peer Comparison

Karaoke & Audio Entertainment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RIMEAlgorhythm Holdings, Inc.	2.67M	0.98	-0.38	-39.65%	-101.71%	-8.45%

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023	Dec 2024
Sales/Revenue+	48.86M	52.92M	60.81M	46.48M	38.5M	45.8M	47.51M	39.3M	38.93M	23.49M
Revenue Growth %	0.24%	0.08%	0.15%	-0.24%	-0.17%	0.19%	0.04%	-0.17%	-0.01%	-0.4%
Cost of Goods Sold+	36.94M	39.08M	45.14M	34.71M	30.32M	33.51M	36.7M	30.09M	30.68M	18.71M
COGS % of Revenue	0.76%	0.74%	0.74%	0.75%	0.79%	0.73%	0.77%	0.77%	0.79%	0.8%
Gross Profit+	11.92M	13.84M	15.67M	11.77M	8.18M	12.3M	10.81M	9.21M	8.25M	4.78M
Gross Margin %	0.24%	0.26%	0.26%	0.25%	0.21%	0.27%	0.23%	0.23%	0.21%	0.2%
Gross Profit Growth %	0.43%	0.16%	0.13%	-0.25%	-0.31%	0.5%	-0.12%	-0.15%	-0.1%	-0.42%
Operating Expenses+	9.98M	10.85M	14.67M	10.72M	11.42M	10.87M	10.75M	12.91M	16.44M	18.71M
OpEx % of Revenue	0.2%	0.21%	0.24%	0.23%	0.3%	0.24%	0.23%	0.33%	0.42%	0.8%
Selling, General & Admin	9.79M	10.64M	11.25M	8.62M	10.85M	10.57M	10.75M	12.91M	16.44M	15.11M
SG&A % of Revenue	0.2%	0.2%	0.18%	0.19%	0.28%	0.23%	0.23%	0.33%	0.42%	0.64%
Research & Development	196.85K	100K	200K	100K	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	0%	-	-	-	-	-	-
Other Operating Expenses	0	109.03K	19.97K	159.66K	571.44K	298.36K	0	0	0	3.59M
Operating Income+	1.94M	2.99M	1M	1.05M	-3.24M	1.43M	69K	-3.7M	-8.19M	-13.93M
Operating Margin %	0.04%	0.06%	0.02%	0.02%	-0.08%	0.03%	0%	-0.09%	-0.21%	-0.59%
Operating Income Growth %	2.41%	0.54%	-0.66%	0.05%	-4.09%	1.44%	-0.95%	-54.59%	-1.21%	-0.7%
EBITDA+	2.11M	3.15M	1.22M	1.31M	-2.98M	1.72M	1.11M	-2.75M	-7.81M	-13.47M
EBITDA Margin %	0.04%	0.06%	0.02%	0.03%	-0.08%	0.04%	0.02%	-0.07%	-0.2%	-0.57%
EBITDA Growth %	2.02%	0.49%	-0.61%	0.07%	-3.27%	1.58%	-0.36%	-3.48%	-1.84%	-0.72%
D&A (Non-Cash Add-back)	171.78K	166.03K	219.97K	259.66K	269.11K	298.36K	1.04M	946K	382.67K	458K
EBIT	1.96M	3.03M	1M	1.05M	-3.26M	3.04M	867K	-3.13M	-8.19M	-22.48M
Net Interest Income+	-335.14K	-263.31K	-304.99K	-257.93K	-254.04K	-473.97K	-580K	-479K	-398.67K	-10.78M
Interest Income	0	0	0	0	0	0	0	0	0	-8.89M
Interest Expense	335.14K	263.31K	304.99K	257.93K	254.04K	473.97K	580K	479K	398.67K	1.89M
Other Income/Expense	-335.14K	-263.31K	-304.99K	-257.93K	-254.04K	1.2M	218K	90K	-340K	-10.44M
Pretax Income+	1.6M	2.72M	697.36K	791.03K	-3.5M	2.63M	287K	-3.61M	-8.53M	-24.37M
Pretax Margin %	0.03%	0.05%	0.01%	0.02%	-0.09%	0.06%	0.01%	-0.09%	-0.22%	-1.04%
Income Tax+	-101.38K	1.02M	544.88K	159.48K	-641.81K	456.87K	57K	1.03M	0	0
Effective Tax Rate %	1.06%	0.63%	0.22%	0.8%	0.82%	0.83%	0.8%	1.29%	1%	0.95%
Net Income+	1.7M	1.71M	152.49K	631.55K	-2.86M	2.17M	230K	-4.64M	-8.53M	-23.26M
Net Margin %	0.03%	0.03%	0%	0.01%	-0.07%	0.05%	0%	-0.12%	-0.22%	-0.99%
Net Income Growth %	9.01%	0%	-0.91%	3.14%	-5.52%	1.76%	-0.89%	-21.17%	-0.84%	-1.73%
Net Income (Continuing)	1.7M	1.71M	152.49K	631.55K	-2.86M	2.17M	230K	-4.64M	-8.53M	-24.37M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	-1.04M
EPS (Diluted)+	1.32	1.30	0.12	0.48	-2.22	1.67	0.14	-1.65	-1.75	-2.56
EPS Growth %	9.15%	-0.02%	-0.91%	3%	-5.63%	1.75%	-0.92%	-12.79%	-0.06%	-0.46%
EPS (Basic)	1.34	1.34	0.12	0.49	-2.22	1.68	0.14	-1.65	-1.76	-2.56
Diluted Shares Outstanding	1.29M	1.31M	1.32M	1.31M	1.28M	1.3M	1.62M	2.81M	4.86M	9.1M
Basic Shares Outstanding	1.27M	1.27M	1.28M	1.28M	1.28M	1.29M	1.64M	2.81M	4.85M	9.1M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023	Dec 2024
Total Current Assets+	7.59M	9.73M	11.73M	10.82M	13.82M	18.87M	31.22M	15.2M	23.21M	16.76M
Cash & Short-Term Investments	2.12M	2.31M	813.91K	211.41K	345.2K	823.37K	7.38M	2.9M	6.7M	7.55M
Cash Only	2.12M	2.31M	813.91K	211.41K	345.2K	823.37K	7.38M	2.9M	6.7M	7.55M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.41M	1.66M	2.22M	2.06M	1.96M	8.97M	12.41M	2.31M	7.58M	5.29M
Days Sales Outstanding	10.52	11.42	13.35	16.16	18.59	71.5	95.36	21.49	71.04	82.12
Inventory	3.69M	5.43M	8.54M	6.02M	7.6M	5.34M	11.13M	9.09M	6.87M	2.19M
Days Inventory Outstanding	36.47	50.68	69.04	63.35	91.5	58.14	110.67	110.2	81.75	42.64
Other Current Assets	258.47K	264.46K	19.55K	2.25M	3.66M	3.59M	17.19K	906K	2.06M	1.74M
Total Non-Current Assets+	2.87M	1.9M	1.42M	1.37M	2.78M	3.44M	2.84M	1.45M	4.51M	1.54M
Property, Plant & Equipment	430.6K	412.81K	450.31K	522.91K	1.35M	2.92M	2.07M	1.19M	4.33M	379K
Fixed Asset Turnover	113.46x	128.19x	135.04x	88.89x	28.62x	15.66x	22.96x	32.91x	8.99x	61.99x
Goodwill	0	0	0	0	0	0	0	0	0	786K
Intangible Assets	0	0	0	0	0	0	0	0	0	345K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	2.44M	1.49M	965.33K	851.78K	1.44M	511.13K	775.28K	255K	179K	29K
Total Assets+	10.46M	11.64M	13.15M	12.19M	16.6M	22.3M	34.06M	16.65M	27.71M	18.3M
Asset Turnover	4.67x	4.55x	4.62x	3.81x	2.32x	2.05x	1.39x	2.36x	1.40x	1.28x
Asset Growth %	-0.14%	0.11%	0.13%	-0.07%	0.36%	0.34%	0.53%	-0.51%	0.66%	-0.34%
Total Current Liabilities+	2.88M	4.19M	5.09M	3.68M	9.5M	11.23M	21.41M	6.13M	16.21M	28.44M
Accounts Payable	722.21K	1.38M	1.61M	842.71K	5.04M	3.96M	5.98M	1.77M	7.62M	3.81M
Days Payables Outstanding	7.14	12.91	13.06	8.86	60.69	43.16	59.5	21.46	90.62	74.28
Short-Term Debt	1.1M	1.92M	1.19M	940.37K	63.1K	1.18M	9.05M	80.8K	0	265K
Deferred Revenue (Current)	0	0	0	0	0	0	0	583K	1000K	38K
Other Current Liabilities	413.59K	262.16K	1.17M	927.23K	2.03M	3.07M	3.02M	918.21K	3.46M	20.1M
Current Ratio	2.63x	2.32x	2.30x	2.94x	1.45x	1.68x	1.46x	2.48x	1.43x	0.59x
Quick Ratio	1.35x	1.03x	0.63x	1.30x	0.65x	1.20x	0.94x	1.00x	1.01x	0.51x
Cash Conversion Cycle	39.85	49.19	69.33	70.65	49.4	86.48	146.52	110.24	62.18	50.49
Total Non-Current Liabilities+	1.92M	0	250.57K	17.5K	1.41M	1.97M	855.71K	192K	3.93M	385K
Long-Term Debt	1.92M	0	250.57K	0	1.09M	430.48K	157.81K	57.85K	0	385K
Capital Lease Obligations	0	0	0	17.5K	324.81K	1.54M	697.9K	88K	3.92M	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	46.15K	3K	0
Total Liabilities	4.81M	4.19M	5.34M	3.69M	10.91M	13.2M	22.26M	6.32M	20.14M	28.82M
Total Debt+	3.02M	1.92M	1.44M	972.28K	1.81M	3.94M	10.78M	735.65K	4.01M	650K
Net Debt	905.63K	-381.01K	626.46K	760.87K	1.46M	3.11M	3.4M	-2.16M	-2.69M	-6.9M
Debt / Equity	0.53x	0.26x	0.18x	0.11x	0.32x	0.43x	0.91x	0.07x	0.53x	-
Debt / EBITDA	1.43x	0.61x	1.18x	0.74x	-	2.28x	9.71x	-	-	-
Net Debt / EBITDA	0.43x	-0.12x	0.51x	0.58x	-	1.81x	3.06x	-	-	-
Interest Coverage	5.78x	11.34x	3.29x	4.07x	-12.77x	3.01x	0.12x	-7.72x	-20.55x	-7.38x
Total Equity+	5.65M	7.44M	7.81M	8.5M	5.69M	9.1M	11.8M	10.33M	7.58M	-10.52M
Equity Growth %	0.44%	0.32%	0.05%	0.09%	-0.33%	0.6%	0.3%	-0.12%	-0.27%	-2.39%
Book Value per Share	4.39	5.66	5.92	6.50	4.43	6.98	7.27	3.67	1.56	-1.16
Total Shareholders' Equity	5.65M	7.44M	7.81M	8.5M	5.69M	9.1M	11.8M	10.33M	7.58M	-9.48M
Common Stock	381.82K	382.59K	382.82K	384.65K	385.58K	390.41K	366.36K	32K	64K	5K
Retained Earnings	-14.06M	-12.35M	-12.2M	-11.57M	-14.43M	-11.06M	-13.11M	-19.52M	-25.91M	-49.17M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-6.4K	0	0	-2.2K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	-1.04M

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023	Dec 2024
Cash from Operations+	2.55M	1.02M	-710K	187.45K	444.76K	171.02K	-2.01M	-330K	548K	-8.56M
Operating CF Margin %	0.05%	0.02%	-0.01%	0%	0.01%	0%	-0.04%	-0.01%	0.01%	-0.36%
Operating CF Growth %	3.31%	-0.6%	-1.7%	1.26%	1.37%	-0.62%	-12.76%	0.84%	2.66%	-16.61%
Net Income	1.7M	1.71M	152.49K	631.55K	-2.86M	2.17M	230K	-4.64M	-8.53M	-24.37M
Depreciation & Amortization	245.86K	240.1K	251.57K	273K	269.11K	298.36K	1.04M	946K	1.11M	458K
Stock-Based Compensation	24.21K	63.74K	211.5K	52.43K	32.51K	22.71K	44K	382K	146.67K	630K
Deferred Taxes	0	0	0	0	-527.36K	398.56K	-5K	892.56K	0	637K
Other Non-Cash Items	-1.93M	1.61M	304.47K	-650.27K	479.7K	675.18K	-1.13M	892.9K	8.28M	15.06M
Working Capital Changes	2.51M	-2.6M	-1.63M	-119.24K	3.05M	-3.4M	-2.19M	1.2M	-457.33K	-971K
Change in Receivables	181.18K	-2.03M	-518K	196.66K	-1.61M	-1.04M	3.83M	680.47K	-7.03M	3.17M
Change in Inventory	3.42M	26.15K	-2.31M	2.54M	-1.76M	1.91M	-8.24M	3.86M	553.33K	3.77M
Change in Payables	0	0	0	0	4.2M	-3.19M	3.22M	-3.51M	0	-4.54M
Cash from Investing+	-135.82K	-148.23K	-257.47K	-288.74K	-517.55K	-201.16K	-118K	-244K	-109K	-2.25M
Capital Expenditures	-135.82K	-148.23K	-257.47K	-288.74K	-517.55K	-201.16K	-118K	-244K	-90.67K	-70K
CapEx % of Revenue	0%	0%	0%	0.01%	0.01%	0%	0%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	-18.33K	-1.78M
Cash from Financing+	-416.02K	-679.41K	-524.06K	-501.21K	206.57K	81.52K	4.02M	1.18M	1.67M	11.65M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-40K	10.4K	12.4K	-47.33K	-24K	721K	2.11M	-931K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.42M	868.36K	-967.47K	-101.29K	-72.78K	-30.14K	-2.13M	-574K	457.33K	-8.63M
FCF Margin %	0.05%	0.02%	-0.02%	-0%	-0%	-0%	-0.04%	-0.01%	0.01%	-0.37%
FCF Growth %	3.12%	-0.64%	-2.11%	0.9%	0.28%	0.59%	-69.66%	0.73%	1.8%	-19.86%
FCF per Share	1.88	0.66	-0.73	-0.08	-0.06	-0.02	-1.31	-0.20	0.09	-0.95
FCF Conversion (FCF/Net Income)	1.50x	0.60x	-4.66x	0.30x	-0.16x	0.08x	-8.75x	0.07x	-0.06x	0.37x
Interest Paid	270.19K	253.01K	301.75K	230.24K	179.81K	461.08K	547K	481K	58.67K	591K
Taxes Paid	0	0	0	0	0	0	0	34K	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	35.56%	26.06%	2%	7.75%	-40.27%	29.38%	2.2%	-41.91%	-95.27%	-
Return on Invested Capital (ROIC)	21.67%	32.89%	9.7%	8.89%	-29.65%	11.04%	0.38%	-23.73%	-94.1%	-
Gross Margin	24.4%	26.15%	25.77%	25.33%	21.24%	26.85%	22.76%	23.43%	21.2%	20.35%
Net Margin	3.49%	3.22%	0.25%	1.36%	-7.42%	4.74%	0.48%	-11.8%	-21.91%	-98.99%
Debt / Equity	0.53x	0.26x	0.18x	0.11x	0.32x	0.43x	0.91x	0.07x	0.53x	-
Interest Coverage	5.78x	11.34x	3.29x	4.07x	-12.77x	3.01x	0.12x	-7.72x	-20.55x	-7.38x
FCF Conversion	1.50x	0.60x	-4.66x	0.30x	-0.16x	0.08x	-8.75x	0.07x	-0.06x	0.37x
Revenue Growth	24.29%	8.32%	14.91%	-23.56%	-17.17%	18.97%	3.73%	-17.29%	-0.94%	-39.65%

Frequently Asked Questions

Growth & Financials

Algorhythm Holdings, Inc. (RIME) reported $23.3M in revenue for fiscal year 2024. This represents a 10% decrease from $25.9M in 2011.

Algorhythm Holdings, Inc. (RIME) saw revenue decline by 39.7% over the past year.

Algorhythm Holdings, Inc. (RIME) reported a net loss of $23.7M for fiscal year 2024.

Dividend & Returns

Algorhythm Holdings, Inc. (RIME) had negative free cash flow of $8.7M in fiscal year 2024, likely due to heavy capital investments.

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Algorhythm Holdings, Inc. (RIME) 10-Year Financial Performance & Capital Metrics

RIME • • Industrial / General

TechnologyConsumer ElectronicsAudio & Entertainment ElectronicsKaraoke & Audio Entertainment

Revenue $23M -39.7%
EBITDA -$13M -72.5%
Net Income -$23M -172.6%
EPS (Diluted) -2.56 -46.1%
Gross Margin 20.35% -4.0%
EBITDA Margin -57.32% -185.8%
Operating Margin -59.27% -181.7%
Net Margin -98.99% -351.8%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -7.38 +64.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 3 (bottom 3%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 9.4% over 5 years
✗Shares diluted 87.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.02%

5Y-9.41%

3Y-20.92%

TTM-25.77%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-91.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM94.78%

ROCE

10Y Avg-207.15%

5Y Avg-424.57%

3Y Avg-713.04%

Latest-2032.85%

Peer Comparison

Karaoke & Audio Entertainment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RIMEAlgorhythm Holdings, Inc.	2.67M	0.98	-0.38	-39.65%	-101.71%	-8.45%

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023	Dec 2024
Sales/Revenue+	48.86M	52.92M	60.81M	46.48M	38.5M	45.8M	47.51M	39.3M	38.93M	23.49M
Revenue Growth %	0.24%	0.08%	0.15%	-0.24%	-0.17%	0.19%	0.04%	-0.17%	-0.01%	-0.4%
Cost of Goods Sold+	36.94M	39.08M	45.14M	34.71M	30.32M	33.51M	36.7M	30.09M	30.68M	18.71M
COGS % of Revenue	0.76%	0.74%	0.74%	0.75%	0.79%	0.73%	0.77%	0.77%	0.79%	0.8%
Gross Profit+	11.92M	13.84M	15.67M	11.77M	8.18M	12.3M	10.81M	9.21M	8.25M	4.78M
Gross Margin %	0.24%	0.26%	0.26%	0.25%	0.21%	0.27%	0.23%	0.23%	0.21%	0.2%
Gross Profit Growth %	0.43%	0.16%	0.13%	-0.25%	-0.31%	0.5%	-0.12%	-0.15%	-0.1%	-0.42%
Operating Expenses+	9.98M	10.85M	14.67M	10.72M	11.42M	10.87M	10.75M	12.91M	16.44M	18.71M
OpEx % of Revenue	0.2%	0.21%	0.24%	0.23%	0.3%	0.24%	0.23%	0.33%	0.42%	0.8%
Selling, General & Admin	9.79M	10.64M	11.25M	8.62M	10.85M	10.57M	10.75M	12.91M	16.44M	15.11M
SG&A % of Revenue	0.2%	0.2%	0.18%	0.19%	0.28%	0.23%	0.23%	0.33%	0.42%	0.64%
Research & Development	196.85K	100K	200K	100K	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	0%	-	-	-	-	-	-
Other Operating Expenses	0	109.03K	19.97K	159.66K	571.44K	298.36K	0	0	0	3.59M
Operating Income+	1.94M	2.99M	1M	1.05M	-3.24M	1.43M	69K	-3.7M	-8.19M	-13.93M
Operating Margin %	0.04%	0.06%	0.02%	0.02%	-0.08%	0.03%	0%	-0.09%	-0.21%	-0.59%
Operating Income Growth %	2.41%	0.54%	-0.66%	0.05%	-4.09%	1.44%	-0.95%	-54.59%	-1.21%	-0.7%
EBITDA+	2.11M	3.15M	1.22M	1.31M	-2.98M	1.72M	1.11M	-2.75M	-7.81M	-13.47M
EBITDA Margin %	0.04%	0.06%	0.02%	0.03%	-0.08%	0.04%	0.02%	-0.07%	-0.2%	-0.57%
EBITDA Growth %	2.02%	0.49%	-0.61%	0.07%	-3.27%	1.58%	-0.36%	-3.48%	-1.84%	-0.72%
D&A (Non-Cash Add-back)	171.78K	166.03K	219.97K	259.66K	269.11K	298.36K	1.04M	946K	382.67K	458K
EBIT	1.96M	3.03M	1M	1.05M	-3.26M	3.04M	867K	-3.13M	-8.19M	-22.48M
Net Interest Income+	-335.14K	-263.31K	-304.99K	-257.93K	-254.04K	-473.97K	-580K	-479K	-398.67K	-10.78M
Interest Income	0	0	0	0	0	0	0	0	0	-8.89M
Interest Expense	335.14K	263.31K	304.99K	257.93K	254.04K	473.97K	580K	479K	398.67K	1.89M
Other Income/Expense	-335.14K	-263.31K	-304.99K	-257.93K	-254.04K	1.2M	218K	90K	-340K	-10.44M
Pretax Income+	1.6M	2.72M	697.36K	791.03K	-3.5M	2.63M	287K	-3.61M	-8.53M	-24.37M
Pretax Margin %	0.03%	0.05%	0.01%	0.02%	-0.09%	0.06%	0.01%	-0.09%	-0.22%	-1.04%
Income Tax+	-101.38K	1.02M	544.88K	159.48K	-641.81K	456.87K	57K	1.03M	0	0
Effective Tax Rate %	1.06%	0.63%	0.22%	0.8%	0.82%	0.83%	0.8%	1.29%	1%	0.95%
Net Income+	1.7M	1.71M	152.49K	631.55K	-2.86M	2.17M	230K	-4.64M	-8.53M	-23.26M
Net Margin %	0.03%	0.03%	0%	0.01%	-0.07%	0.05%	0%	-0.12%	-0.22%	-0.99%
Net Income Growth %	9.01%	0%	-0.91%	3.14%	-5.52%	1.76%	-0.89%	-21.17%	-0.84%	-1.73%
Net Income (Continuing)	1.7M	1.71M	152.49K	631.55K	-2.86M	2.17M	230K	-4.64M	-8.53M	-24.37M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	-1.04M
EPS (Diluted)+	1.32	1.30	0.12	0.48	-2.22	1.67	0.14	-1.65	-1.75	-2.56
EPS Growth %	9.15%	-0.02%	-0.91%	3%	-5.63%	1.75%	-0.92%	-12.79%	-0.06%	-0.46%
EPS (Basic)	1.34	1.34	0.12	0.49	-2.22	1.68	0.14	-1.65	-1.76	-2.56
Diluted Shares Outstanding	1.29M	1.31M	1.32M	1.31M	1.28M	1.3M	1.62M	2.81M	4.86M	9.1M
Basic Shares Outstanding	1.27M	1.27M	1.28M	1.28M	1.28M	1.29M	1.64M	2.81M	4.85M	9.1M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023	Dec 2024
Total Current Assets+	7.59M	9.73M	11.73M	10.82M	13.82M	18.87M	31.22M	15.2M	23.21M	16.76M
Cash & Short-Term Investments	2.12M	2.31M	813.91K	211.41K	345.2K	823.37K	7.38M	2.9M	6.7M	7.55M
Cash Only	2.12M	2.31M	813.91K	211.41K	345.2K	823.37K	7.38M	2.9M	6.7M	7.55M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.41M	1.66M	2.22M	2.06M	1.96M	8.97M	12.41M	2.31M	7.58M	5.29M
Days Sales Outstanding	10.52	11.42	13.35	16.16	18.59	71.5	95.36	21.49	71.04	82.12
Inventory	3.69M	5.43M	8.54M	6.02M	7.6M	5.34M	11.13M	9.09M	6.87M	2.19M
Days Inventory Outstanding	36.47	50.68	69.04	63.35	91.5	58.14	110.67	110.2	81.75	42.64
Other Current Assets	258.47K	264.46K	19.55K	2.25M	3.66M	3.59M	17.19K	906K	2.06M	1.74M
Total Non-Current Assets+	2.87M	1.9M	1.42M	1.37M	2.78M	3.44M	2.84M	1.45M	4.51M	1.54M
Property, Plant & Equipment	430.6K	412.81K	450.31K	522.91K	1.35M	2.92M	2.07M	1.19M	4.33M	379K
Fixed Asset Turnover	113.46x	128.19x	135.04x	88.89x	28.62x	15.66x	22.96x	32.91x	8.99x	61.99x
Goodwill	0	0	0	0	0	0	0	0	0	786K
Intangible Assets	0	0	0	0	0	0	0	0	0	345K
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	2.44M	1.49M	965.33K	851.78K	1.44M	511.13K	775.28K	255K	179K	29K
Total Assets+	10.46M	11.64M	13.15M	12.19M	16.6M	22.3M	34.06M	16.65M	27.71M	18.3M
Asset Turnover	4.67x	4.55x	4.62x	3.81x	2.32x	2.05x	1.39x	2.36x	1.40x	1.28x
Asset Growth %	-0.14%	0.11%	0.13%	-0.07%	0.36%	0.34%	0.53%	-0.51%	0.66%	-0.34%
Total Current Liabilities+	2.88M	4.19M	5.09M	3.68M	9.5M	11.23M	21.41M	6.13M	16.21M	28.44M
Accounts Payable	722.21K	1.38M	1.61M	842.71K	5.04M	3.96M	5.98M	1.77M	7.62M	3.81M
Days Payables Outstanding	7.14	12.91	13.06	8.86	60.69	43.16	59.5	21.46	90.62	74.28
Short-Term Debt	1.1M	1.92M	1.19M	940.37K	63.1K	1.18M	9.05M	80.8K	0	265K
Deferred Revenue (Current)	0	0	0	0	0	0	0	583K	1000K	38K
Other Current Liabilities	413.59K	262.16K	1.17M	927.23K	2.03M	3.07M	3.02M	918.21K	3.46M	20.1M
Current Ratio	2.63x	2.32x	2.30x	2.94x	1.45x	1.68x	1.46x	2.48x	1.43x	0.59x
Quick Ratio	1.35x	1.03x	0.63x	1.30x	0.65x	1.20x	0.94x	1.00x	1.01x	0.51x
Cash Conversion Cycle	39.85	49.19	69.33	70.65	49.4	86.48	146.52	110.24	62.18	50.49
Total Non-Current Liabilities+	1.92M	0	250.57K	17.5K	1.41M	1.97M	855.71K	192K	3.93M	385K
Long-Term Debt	1.92M	0	250.57K	0	1.09M	430.48K	157.81K	57.85K	0	385K
Capital Lease Obligations	0	0	0	17.5K	324.81K	1.54M	697.9K	88K	3.92M	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	46.15K	3K	0
Total Liabilities	4.81M	4.19M	5.34M	3.69M	10.91M	13.2M	22.26M	6.32M	20.14M	28.82M
Total Debt+	3.02M	1.92M	1.44M	972.28K	1.81M	3.94M	10.78M	735.65K	4.01M	650K
Net Debt	905.63K	-381.01K	626.46K	760.87K	1.46M	3.11M	3.4M	-2.16M	-2.69M	-6.9M
Debt / Equity	0.53x	0.26x	0.18x	0.11x	0.32x	0.43x	0.91x	0.07x	0.53x	-
Debt / EBITDA	1.43x	0.61x	1.18x	0.74x	-	2.28x	9.71x	-	-	-
Net Debt / EBITDA	0.43x	-0.12x	0.51x	0.58x	-	1.81x	3.06x	-	-	-
Interest Coverage	5.78x	11.34x	3.29x	4.07x	-12.77x	3.01x	0.12x	-7.72x	-20.55x	-7.38x
Total Equity+	5.65M	7.44M	7.81M	8.5M	5.69M	9.1M	11.8M	10.33M	7.58M	-10.52M
Equity Growth %	0.44%	0.32%	0.05%	0.09%	-0.33%	0.6%	0.3%	-0.12%	-0.27%	-2.39%
Book Value per Share	4.39	5.66	5.92	6.50	4.43	6.98	7.27	3.67	1.56	-1.16
Total Shareholders' Equity	5.65M	7.44M	7.81M	8.5M	5.69M	9.1M	11.8M	10.33M	7.58M	-9.48M
Common Stock	381.82K	382.59K	382.82K	384.65K	385.58K	390.41K	366.36K	32K	64K	5K
Retained Earnings	-14.06M	-12.35M	-12.2M	-11.57M	-14.43M	-11.06M	-13.11M	-19.52M	-25.91M	-49.17M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-6.4K	0	0	-2.2K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	-1.04M

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023	Dec 2024
Cash from Operations+	2.55M	1.02M	-710K	187.45K	444.76K	171.02K	-2.01M	-330K	548K	-8.56M
Operating CF Margin %	0.05%	0.02%	-0.01%	0%	0.01%	0%	-0.04%	-0.01%	0.01%	-0.36%
Operating CF Growth %	3.31%	-0.6%	-1.7%	1.26%	1.37%	-0.62%	-12.76%	0.84%	2.66%	-16.61%
Net Income	1.7M	1.71M	152.49K	631.55K	-2.86M	2.17M	230K	-4.64M	-8.53M	-24.37M
Depreciation & Amortization	245.86K	240.1K	251.57K	273K	269.11K	298.36K	1.04M	946K	1.11M	458K
Stock-Based Compensation	24.21K	63.74K	211.5K	52.43K	32.51K	22.71K	44K	382K	146.67K	630K
Deferred Taxes	0	0	0	0	-527.36K	398.56K	-5K	892.56K	0	637K
Other Non-Cash Items	-1.93M	1.61M	304.47K	-650.27K	479.7K	675.18K	-1.13M	892.9K	8.28M	15.06M
Working Capital Changes	2.51M	-2.6M	-1.63M	-119.24K	3.05M	-3.4M	-2.19M	1.2M	-457.33K	-971K
Change in Receivables	181.18K	-2.03M	-518K	196.66K	-1.61M	-1.04M	3.83M	680.47K	-7.03M	3.17M
Change in Inventory	3.42M	26.15K	-2.31M	2.54M	-1.76M	1.91M	-8.24M	3.86M	553.33K	3.77M
Change in Payables	0	0	0	0	4.2M	-3.19M	3.22M	-3.51M	0	-4.54M
Cash from Investing+	-135.82K	-148.23K	-257.47K	-288.74K	-517.55K	-201.16K	-118K	-244K	-109K	-2.25M
Capital Expenditures	-135.82K	-148.23K	-257.47K	-288.74K	-517.55K	-201.16K	-118K	-244K	-90.67K	-70K
CapEx % of Revenue	0%	0%	0%	0.01%	0.01%	0%	0%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	-18.33K	-1.78M
Cash from Financing+	-416.02K	-679.41K	-524.06K	-501.21K	206.57K	81.52K	4.02M	1.18M	1.67M	11.65M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-40K	10.4K	12.4K	-47.33K	-24K	721K	2.11M	-931K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.42M	868.36K	-967.47K	-101.29K	-72.78K	-30.14K	-2.13M	-574K	457.33K	-8.63M
FCF Margin %	0.05%	0.02%	-0.02%	-0%	-0%	-0%	-0.04%	-0.01%	0.01%	-0.37%
FCF Growth %	3.12%	-0.64%	-2.11%	0.9%	0.28%	0.59%	-69.66%	0.73%	1.8%	-19.86%
FCF per Share	1.88	0.66	-0.73	-0.08	-0.06	-0.02	-1.31	-0.20	0.09	-0.95
FCF Conversion (FCF/Net Income)	1.50x	0.60x	-4.66x	0.30x	-0.16x	0.08x	-8.75x	0.07x	-0.06x	0.37x
Interest Paid	270.19K	253.01K	301.75K	230.24K	179.81K	461.08K	547K	481K	58.67K	591K
Taxes Paid	0	0	0	0	0	0	0	34K	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	35.56%	26.06%	2%	7.75%	-40.27%	29.38%	2.2%	-41.91%	-95.27%	-
Return on Invested Capital (ROIC)	21.67%	32.89%	9.7%	8.89%	-29.65%	11.04%	0.38%	-23.73%	-94.1%	-
Gross Margin	24.4%	26.15%	25.77%	25.33%	21.24%	26.85%	22.76%	23.43%	21.2%	20.35%
Net Margin	3.49%	3.22%	0.25%	1.36%	-7.42%	4.74%	0.48%	-11.8%	-21.91%	-98.99%
Debt / Equity	0.53x	0.26x	0.18x	0.11x	0.32x	0.43x	0.91x	0.07x	0.53x	-
Interest Coverage	5.78x	11.34x	3.29x	4.07x	-12.77x	3.01x	0.12x	-7.72x	-20.55x	-7.38x
FCF Conversion	1.50x	0.60x	-4.66x	0.30x	-0.16x	0.08x	-8.75x	0.07x	-0.06x	0.37x
Revenue Growth	24.29%	8.32%	14.91%	-23.56%	-17.17%	18.97%	3.73%	-17.29%	-0.94%	-39.65%

Frequently Asked Questions

Growth & Financials

Algorhythm Holdings, Inc. (RIME) reported $23.3M in revenue for fiscal year 2024. This represents a 10% decrease from $25.9M in 2011.

Algorhythm Holdings, Inc. (RIME) saw revenue decline by 39.7% over the past year.

Algorhythm Holdings, Inc. (RIME) reported a net loss of $23.7M for fiscal year 2024.

Dividend & Returns

Algorhythm Holdings, Inc. (RIME) had negative free cash flow of $8.7M in fiscal year 2024, likely due to heavy capital investments.