Filing Flows › Algorhythm Holdings (RIME) › Q4 2024
Algorhythm Holdings (RIME) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Algorhythm Holdings (RIME) reported revenue of $8.0M for the fourth quarter 2024 (Q4 2024), -25% from a year earlier and -25% from the quarter before. Operating margin was -84.2%, net loss $16.9M (210.5% of revenue).
Algorhythm Holdings, Q4 2024: revenue $8.0M (-25% year over year), operating margin -84.2%, net loss $16.9M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.0M | -25% | -25% |
| Operating profit | −$6.7M | — | — |
| Net earnings | −$16.9M | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $8.0M in Q4 2024, down 25% year over year and down 25% from the previous quarter. Classic Karaoke Machines was the largest line at 75% of revenue.
Gross margin was 19.7%, up 4.6 points from a year earlier. Operating costs exceeded revenue by $6.7M, an operating margin of -84.2%. Operating expenses grew 53% against a revenue fall of 25%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $16.9M, after a profit of $1.0M the previous quarter. Minority interests bore $889K of it: to shareholders the quarter was a loss of $16.0M. Net interest and other expense of $10.1M was the main reason.
Operating cash flow was −$1.5M. Non-cash charges added back $14K of share-based compensation. Working capital and other items added $15.4M.
Questions
What was Algorhythm Holdings' revenue in the fourth quarter 2024?
Algorhythm Holdings (RIME) reported revenue of $8.0M for the fourth quarter 2024 (Q4 2024), -25% from a year earlier and -25% from the quarter before.
Was Algorhythm Holdings profitable in the fourth quarter 2024?
Operating loss was $6.7M (-84.2% of revenue) and net loss $16.9M.