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Stock impact report

Algorhythm Holdings Announces $12 Million Annualized Revenue Run Rate

Algorhythm Holdings, Inc. (RIME) 
Company Research Source: GlobeNewswire
Rapid Growth Driven by Expanding Freight Network and Strong Enterprise Demand Fort Lauderdale, FL, April 20, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), a leading provider of AI-powered logistics solutions, today announced that SemiCab has surpassed a $12 million annualized revenue run rate (ARR), reflecting continued strong growth in both customer demand and network scale. This milestone represents a more than 20% increase over the $10 million ARR previously announced in late December 2025. The increase was fueled by new contract wins, contract expansions, expanded lane coverage across existing enterprise customers, and increasing adoption of the platform’s AI-driven orchestration capabilities. “We are excited with the rapid growth we are experiencing,” said Gary Atkinson, Chief Executive Officer of Algorhythm Holdings. “Surpassing $12 million in ARR just a few months after hitting the $10 million mark is a testament to the power of the Semi Show less Read more
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