Algorhythm Holdings (RIME) Financial Statements

Price: $2.4
Market Cap: $5.75M
Avg Volume: 361.61K
Country: US
Industry: Consumer Electronics
Sector: Technology
Beta: 0.23
52W Range: $1.71-394
Website: Algorhythm Holdings

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Algorhythm Holdings.


Income Statement

Breakdown December 31, 2024 December 31, 2023 March 31, 2023 March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019 March 31, 2018 March 31, 2017 March 31, 2016
Revenue $23.49M $38.93M $39.30M $47.51M $45.80M $38.50M $46.48M $60.81M $52.92M $48.86M
Cost of Revenue $18.71M $30.68M $30.09M $36.70M $33.51M $30.32M $34.71M $45.14M $39.08M $36.94M
Gross Profit $4.78M $8.25M $9.21M $10.81M $12.30M $8.18M $11.77M $15.67M $13.84M $11.92M
Gross Profit Ratio 20.35% 21.20% 23.43% 22.76% 26.85% 21.24% 25.33% 25.77% 26.15% 24.40%
Research and Development Expenses $- $- $- $- $- $- $100.00K $200.00K $100.00K $196.85K
General and Administrative Expenses $12.24M $10.53M $9.46M $7.16M $6.60M $6.56M $5.79M $6.37M $5.52M $5.13M
Selling and Marketing Expenses $2.87M $4.96M $3.44M $3.59M $3.98M $4.29M $5.12M $4.88M $5.04M $4.66M
Selling General and Administrative Expenses $15.11M $16.44M $12.91M $10.75M $10.57M $10.85M $10.46M $14.45M $10.64M $9.79M
Other Expenses $3.59M $- $- $- $298.36K $571.44K $159.66K $19.97K $109.03K $-
Operating Expenses $18.71M $16.44M $12.91M $10.75M $10.87M $11.42M $10.72M $14.67M $10.85M $9.98M
Cost and Expenses $37.42M $47.12M $43.00M $47.44M $44.38M $41.75M $45.43M $59.81M $49.93M $46.92M
Interest Income $-8.89M $- $- $- $- $- $- $- $- $-
Interest Expense $1.89M $- $479.00K $580.00K $473.97K $254.04K $257.93K $304.99K $263.31K $335.14K
Depreciation and Amortization $458.00K $382.67K $946.00K $1.04M $298.36K $269.11K $259.66K $219.97K $166.03K $171.78K
EBITDA $-22.02M $-7.81M $-2.18M $1.11M $3.40M $-2.98M $1.31M $1.22M $3.20M $2.13M
EBITDA Ratio -93.73% -20.06% -5.55% 2.34% 7.43% -7.73% 2.82% 2.01% 6.04% 4.36%
Operating Income $-13.93M $-8.19M $-3.70M $69.00K $1.43M $-3.24M $1.05M $1.00M $2.99M $1.94M
Operating Income Ratio -59.27% -21.04% -9.41% 0.15% 3.11% -8.43% 2.26% 1.65% 5.64% 3.96%
Total Other Income Expenses Net $-10.44M $-340.00K $90.00K $218.00K $1.20M $-254.04K $-257.93K $-304.99K $-263.31K $-335.14K
Income Before Tax $-24.37M $-8.53M $-3.61M $287.00K $2.63M $-3.50M $791.03K $697.36K $2.72M $1.60M
Income Before Tax Ratio -103.72% -21.91% -9.18% 0.60% 5.74% -9.09% 1.70% 1.15% 5.15% 3.28%
Income Tax Expense $- $1.03M $1.03M $57.00K $456.87K $-641.81K $159.48K $544.88K $1.02M $-101.38K
Net Income $-23.26M $-8.53M $-4.64M $230.00K $2.17M $-2.86M $631.55K $152.49K $1.71M $1.70M
Net Income Ratio -98.99% -21.91% -11.80% 0.48% 4.74% -7.42% 1.36% 0.25% 3.22% 3.49%
EPS $-2.56 $-1.76 $-1.65 $0.14 $1.68 $-2.22 $0.49 $0.12 $1.34 $1.34
EPS Diluted $-2.56 $-1.75 $-1.65 $0.14 $1.67 $-2.22 $0.48 $0.12 $1.30 $1.32
Weighted Average Shares Outstanding 9.10M 4.85M 2.81M 1.64M 1.29M 1.28M 1.28M 1.28M 1.27M 1.27M
Weighted Average Shares Outstanding Diluted 9.10M 4.86M 2.81M 1.62M 1.30M 1.28M 1.31M 1.32M 1.31M 1.29M
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Breakdown December 31, 2024 December 31, 2023 March 31, 2023 March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019 March 31, 2018 March 31, 2017 March 31, 2016
Cash and Cash Equivalents $7.55M $6.70M $2.90M $2.29M $396.58K $345.20K $211.41K $813.91K $2.31M $2.12M
Short Term Investments $- $- $- $- $- $- $- $- $- $-
Cash and Short Term Investments $7.55M $6.70M $2.90M $2.29M $396.58K $345.20K $211.41K $813.91K $2.31M $2.12M
Net Receivables $5.29M $7.58M $2.31M $3.04M $6.86M $1.96M $2.06M $2.22M $1.66M $1.41M
Inventory $2.19M $6.87M $9.09M $14.16M $5.49M $7.60M $6.02M $8.54M $5.43M $3.69M
Other Current Assets $1.74M $2.06M $906.00K $352.22K $236.43K $3.91M $2.52M $157.51K $345.74K $374.07K
Total Current Assets $16.76M $23.21M $15.20M $19.84M $12.98M $13.82M $10.82M $11.73M $9.73M $7.59M
Property Plant Equipment Net $379.00K $4.33M $1.19M $1.88M $2.77M $1.35M $522.91K $450.31K $412.81K $430.60K
Goodwill $786.00K $- $- $- $- $- $- $- $- $-
Intangible Assets $345.00K $- $- $- $- $- $- $- $- $-
Goodwill and Intangible Assets $1.13M $- $- $- $- $- $- $- $- $-
Long Term Investments $- $- $- $- $- $- $- $- $- $-
Tax Assets $- $- $- $892.56K $887.16K $- $- $- $- $-
Other Non-Current Assets $29.00K $179.00K $255.00K $86.44K $147.17K $1.44M $851.78K $965.33K $1.49M $2.44M
Total Non-Current Assets $1.54M $4.51M $1.45M $2.86M $3.81M $2.78M $1.37M $1.42M $1.90M $2.87M
Other Assets $- $- $- $-34.91K $-25.85K $- $- $- $- $-
Total Assets $18.30M $27.71M $16.65M $22.67M $16.76M $16.60M $12.19M $13.15M $11.64M $10.46M
Account Payables $3.81M $7.62M $1.77M $5.33M $2.46M $5.04M $842.71K $1.61M $1.38M $722.21K
Short Term Debt $265.00K $84.00K $589.79K $3.81M $1.61M $399.44K $954.78K $1.19M $1.92M $1.10M
Tax Payables $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $38.00K $2.43M $583.00K $97.97K $284.47K $- $- $- $- $-
Other Current Liabilities $24.33M $6.08M $3.18M $2.79M $2.68M $4.06M $1.88M $2.29M $888.49K $1.06M
Total Current Liabilities $28.44M $16.21M $6.13M $12.02M $7.03M $9.50M $3.68M $5.09M $4.19M $2.88M
Long Term Debt $385.00K $3.92M $145.85K $607.02K $1.82M $1.41M $17.50K $250.57K $- $1.92M
Deferred Revenue Non-Current $- $- $- $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $- $- $- $- $-
Other Non-Current Liabilities $- $3.00K $46.15K $- $- $- $- $- $- $-
Total Non-Current Liabilities $385.00K $3.93M $192.00K $607.02K $1.82M $1.41M $17.50K $250.57K $- $1.92M
Other Liabilities $- $- $- $- $- $- $- $- $- $-
Total Liabilities $28.82M $20.14M $6.32M $12.63M $8.85M $10.91M $3.69M $5.34M $4.19M $4.81M
Preferred Stock $- $- $- $- $- $- $- $- $- $-
Common Stock $5.00K $64.00K $32.00K $12.21K $13.01K $385.58K $384.65K $382.82K $382.59K $381.82K
Retained Earnings $-49.17M $-25.91M $-19.52M $-14.88M $-12.25M $-14.43M $-11.57M $-12.20M $-12.35M $-14.06M
Accumulated Other Comprehensive Income Loss $- $- $- $- $- $-0 $-2.20K $- $-0 $-6.40K
Other Total Stockholders Equity $39.68M $33.43M $29.82M $24.90M $20.15M $19.73M $19.69M $19.62M $19.41M $19.34M
Total Stockholders Equity $-9.48M $7.58M $10.33M $10.04M $7.91M $5.69M $8.50M $7.81M $7.44M $5.65M
Total Equity $-10.52M $7.58M $10.33M $10.04M $7.91M $5.69M $8.50M $7.81M $7.44M $5.65M
Total Liabilities and Stockholders Equity $18.30M $27.71M $16.65M $22.67M $16.76M $16.60M $12.19M $13.15M $11.64M $10.46M
Minority Interest $-1.04M $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $18.30M $27.71M $16.65M $22.67M $16.76M $16.60M $12.19M $13.15M $11.64M $10.46M
Total Investments $- $- $- $- $- $- $- $- $- $-
Total Debt $650.00K $4.01M $735.65K $4.42M $3.42M $1.81M $972.28K $1.44M $1.92M $3.02M
Net Debt $-6.90M $-2.69M $-2.16M $2.13M $3.03M $1.46M $760.87K $626.46K $-381.01K $905.63K

Cash Flow Statement

Breakdown December 31, 2024 December 31, 2023 March 31, 2023 March 31, 2022 March 31, 2021 March 31, 2020 March 31, 2019 March 31, 2018 March 31, 2017 March 31, 2016
Net Income $-24.37M $-8.53M $-4.64M $230.00K $2.17M $-2.86M $631.55K $152.49K $1.71M $1.70M
Depreciation and Amortization $458.00K $1.11M $946.00K $1.04M $298.36K $269.11K $273.00K $251.57K $240.10K $245.86K
Deferred Income Tax $637.00K $- $892.56K $-5.00K $398.56K $-527.36K $- $- $- $-
Stock Based Compensation $630.00K $146.67K $382.00K $44.00K $22.71K $32.51K $52.43K $211.50K $63.74K $24.21K
Change in Working Capital $-971.00K $-457.33K $1.20M $-2.19M $-3.40M $3.05M $-119.24K $-1.63M $-2.60M $2.51M
Accounts Receivables $3.17M $-7.03M $680.47K $3.83M $-1.04M $-1.61M $196.66K $-518.00K $-2.03M $181.18K
Inventory $3.77M $553.33K $3.86M $-8.24M $1.91M $-1.76M $2.54M $-2.31M $26.15K $3.42M
Accounts Payables $-4.54M $- $-3.51M $3.22M $-3.19M $4.20M $- $- $- $-
Other Working Capital $-3.37M $6.02M $167.53K $-998.01K $-1.07M $2.21M $-2.85M $1.20M $-599.49K $-1.09M
Other Non Cash Items $15.06M $8.28M $892.90K $-1.13M $675.18K $479.70K $-650.27K $304.47K $1.61M $-1.93M
Net Cash Provided by Operating Activities $-8.56M $548.00K $-330.00K $-2.01M $171.02K $444.76K $187.45K $-710.00K $1.02M $2.55M
Investments in Property Plant and Equipment $-70.00K $-90.67K $-244.00K $-118.00K $-201.16K $-517.55K $-288.74K $-257.47K $-148.23K $-135.82K
Acquisitions Net $-398.00K $- $- $- $- $- $- $- $- $-
Purchases of Investments $- $- $- $- $- $- $- $- $- $-
Sales Maturities of Investments $- $- $- $- $- $- $- $- $- $-
Other Investing Activities $-1.78M $72.00K $- $- $- $- $- $- $- $-
Net Cash Used for Investing Activities $-2.25M $-18.67K $-244.00K $-118.00K $-201.16K $-517.55K $-288.74K $-257.47K $-148.23K $-135.82K
Debt Repayment $2.00M $-436.00K $-2.94M $2.21M $128.85K $194.17K $-511.61K $-484.06K $-697.69K $-416.02K
Common Stock Issued $12.93M $- $3.39M $9.00M $- $- $- $- $- $-
Common Stock Repurchased $-2.35M $- $- $-7.16M $- $- $- $- $- $-
Dividends Paid $- $- $- $- $- $- $- $- $- $-
Other Financing Activities $-931.00K $4.98M $721.00K $-24.00K $-47.33K $12.40K $10.40K $-40.00K $- $-
Net Cash Used Provided by Financing Activities $11.65M $4.55M $1.18M $4.02M $81.52K $206.57K $-501.21K $-524.06K $-679.41K $-416.02K
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $847.00K $604.00K $604.00K $1.89M $51.38K $133.79K $-602.50K $-1.49M $188.95K $2.00M
Cash at End of Period $7.55M $2.90M $2.90M $2.29M $396.58K $345.20K $211.41K $813.91K $2.31M $2.12M
Cash at Beginning of Period $6.70M $2.29M $2.29M $397.00K $345.20K $211.41K $813.91K $2.31M $2.12M $116.29K
Operating Cash Flow $-8.56M $548.00K $-330.00K $-2.01M $171.02K $444.76K $187.45K $-710.00K $1.02M $2.55M
Capital Expenditure $-70.00K $-90.67K $-243.73K $-118.00K $-201.16K $-517.55K $-288.74K $-257.47K $-148.23K $-135.82K
Free Cash Flow $-8.63M $457.33K $-574.00K $-2.13M $-30.14K $-72.78K $-101.29K $-967.47K $868.36K $2.42M