Algorhythm (NASDAQ:RIME) Posts Earnings Results, Beats Expectations By $0.11 EPS

Posted by Wayne Rhoads on Aug 15th, 2026

Algorhythm (NASDAQ:RIME – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.11, Zacks reports. The firm had revenue of $3.00 million during the quarter, compared to analyst estimates of $3.00 million.

Algorhythm Trading Down 17.1%

NASDAQ:RIME traded down $0.08 during trading hours on Friday, hitting $0.38. 1,806,756 shares of the stock were exchanged, compared to its average volume of 222,655. The company has a market cap of $5.79 million, a P/E ratio of -0.25 and a beta of -0.23. The firm’s fifty day moving average price is $0.53 and its 200 day moving average price is $0.97. Algorhythm has a 52-week low of $0.35 and a 52-week high of $4.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Algorhythm in a research report on Wednesday, May 20th. Wall Street Zen raised Algorhythm from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Algorhythm currently has an average rating of “Reduce”.

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Algorhythm Company Profile

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Algorhythm 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.