Sep. 5 at 9:12 PM
$RIME Dear Shareholders,
Algorhythm Holdings is entering an exciting phase of transformation and growth. With the successful divestiture of the karaoke business to Stingray Music, the company has reduced liabilities by approximately
$4 million and sharpened its focus on its core business: SemiCab.
🚀 Growth & Achievements
SemiCab expanded its fleet from 140 to 450 trucks within just a few months – the target of 1,000 trucks by year-end 2025 is well within reach.
The annualized revenue run rate has already accelerated to
$23 million, a significant increase compared to 2024.
New major contracts, including a rollout with Bajaj Electricals, underline the company’s growth momentum.