Fort Lauderdale Firm Reports $12M Revenue Run Rate

Algorhythm Holdings said on April 20 that its SemiCab unit had passed a $12 million annualized revenue run rate, up from $10 million in late December. (nasdaq.com) The Fort Lauderdale company trades on Nasdaq under the ticker RIME and described the gain as more than 20% in about four months. (nasdaq.com) A revenue run rate is not booked annual sales. It is a snapshot that takes a recent pace of business and projects it over 12 months if that pace holds. (investor.gov, nasdaq.com) Algorhythm said the increase came from new contracts, customer expansions, wider freight-lane coverage, and more use of its artificial-intelligence orchestration tools. The company said SemiCab is selling managed logistics services in India and has recently launched its Apex software-as-a-service platform in the United States and Europe. (nasdaq.com, algoholdings.com) SemiCab’s pitch is to reduce empty truck miles by matching loads and routes across shippers and carriers. Algorhythm says the platform uses real-time data and predictive software to build fuller round trips. (algoholdings.com, stockanalysis.com) The update lands weeks after Algorhythm reported 2025 financial results and said it had acquired SMCB Solutions, which owns the India segment of SemiCab. In that April 2 release, the company also said cash had risen from $6.1 million at December 31, 2025, to $10.9 million as of March 25, 2026. (nasdaq.com) Algorhythm was previously known as The Singing Machine Company, a karaoke-products business, and changed its name in September 2024 as it shifted toward artificial-intelligence logistics and consumer electronics holdings. (finance.yahoo.com, stockanalysis.com) For investors, the next test is whether the run rate turns into reported revenue over multiple quarters. Algorhythm’s announcement gave a current pace, but sustaining that figure will depend on customer retention, new contracts, and execution as the business expands. (nasdaq.com, investor.gov)