Algorhythm Holdings, Inc. (NASDAQ: RIME)

Algorhythm Holdings, Inc. is an artificial intelligence technology holding company that operates a single business unit known as SemiCab. SemiCab is an AI-enabled software logistics and distribution business that provides transportation optimization solutions through its cloud-based collaborative platform. The company focuses on improving truck utilization rates and reducing empty miles using predictive optimization models and real-time data integration. Algorhythm Holdings, Inc. previously operated a second business unit, Singing Machine, which was a global karaoke consumer products business, but this unit was sold on August 1, 2025, and is no longer part of the company’s operations.

The company generates revenue primarily through its SemiCab logistics and distribution services. These include full truckload and over-the-road transportation services sold directly to shippers via bid-based contracts typically awarded for predefined routes over periods up to one year. Additionally, Algorhythm Holdings, Inc. offers software-as-a-service subscriptions for both shippers and logistics brokers. The shipper SaaS subscription enables optimal lane bundling and improved freight network management, while the broker SaaS subscription supports shipper and carrier management, document handling, load operations, invoicing, integration, and reporting. Revenue from transportation services is recognized upon load execution and delivery, whereas SaaS subscription revenue is recognized on a rolling monthly basis.

The company operates through the following segments:

• SemiCab is the company’s sole operational segment and provides AI-powered logistics and distribution services. It functions as a cloud-based collaborative transportation platform that uses real-time data from API-based load tendering and integrates with TMS and ELD systems. SemiCab employs AI and machine learning techniques to build fully loaded round trips, optimize load planning, and improve asset utilization. Its Orchestrated Collaboration™ AI model aims to increase transportation capacity, reduce empty miles, lower logistics costs, and enhance visibility across the transportation network. The platform is designed to address industry challenges such as driver shortages and road congestion by maximizing existing truck utilization without requiring additional trucks or driven miles. SemiCab currently serves customers in India and plans to expand its services to the United States within the next 12 months.

Algorhythm Holdings, Inc. operates in the highly competitive logistics and transportation technology industry, where it faces competition from traditional transportation providers, third-party freight brokers, technology matching services, internet freight brokers, carriers offering logistics services, and on-demand transportation providers. The company differentiates itself by delivering reliable services at lower costs through its AI-driven optimization, which reduces empty miles and improves overall network efficiency. Its focus on creating a sustainable transportation network with improved asset utilization gives it a competitive edge in an industry under pressure to reduce carbon emissions and operational waste.

The company’s customers are primarily large, fast-moving consumer products companies that require long-haul, full truckload transportation services. Algorhythm Holdings, Inc. provides its services to any shipper needing ongoing transportation support, with a current focus on the Indian market and planned expansion into the United States. The company does not disclose specific customer names in the filing.