SemiCab Awarded $6 Million Contract Expansion, Accelerating Projected ARR to Over $13 Million
Algorhythm Holdings, Inc. (RIME)
Company Research
Source: GlobeNewswire
Largest Contract Expansion in Company’s History, 10X Increase Over Initial Pilot Program Fort Lauderdale, FL, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, announced today that SemiCab has secured a major expansion of its Master Services Agreement with one of India’s largest paint manufacturers and retailers. The customer, one of the 10 largest global shippers in the paints industry with over $4 billion in annual sales, operates across 60 countries in Asia-Pacific, Africa, and the Middle East. Under the newly expanded agreement, the number of committed lanes has grown more than seven-fold to 183 lanes, representing up to an additional $5.5 million in annual service revenue for SemiCab. SemiCab initially launched a commercial pilot program with the customer in early 2023, managing 25 lanes and generating approximately $0.5 million in annual revenue. This $6 million expansion marks the largest single con
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News
- SemiCab Awarded $6 Million Contract Expansion, Accelerating Projected ARR to Over $13 Million [Yahoo! Finance]Yahoo! Finance
- SemiCab Partners with Provisi.ai to Drive U.S. SaaS Revenue GrowthGlobeNewswire
- SemiCab Secures Multi-Million Dollar Contract Expansion from MaricoGlobeNewswire
- Algorhythm Holdings, Inc. (RIME) Shareholder/Analyst Call Prepared Remarks Transcript [Seeking Alpha]Seeking Alpha
- Algorhythm Holdings GAAP EPS of -$1.15, revenue of $1.7M [Seeking Alpha]Seeking Alpha
RIME
Sec Filings
- 12/16/25 - Form SCHEDULE
- 11/28/25 - Form 8-K
- 11/26/25 - Form 8-K
- RIME's page on the SEC website