SemiCab Awarded $6 Million Contract Expansion, Accelerating Projected ARR to Over $13 Million [Yahoo! Finance]
Algorhythm Holdings, Inc. (RIME)
Company Research
Source: Yahoo! Finance
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 contract award in SemiCab's history and is expected to increase its annualized revenue run
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RIME
News
- Forbes Features SemiCab’s AI Platform as Key to Reducing Hidden Costs in Food Supply ChainsGlobeNewswire
- SemiCab to Exhibit at LINK 2026 by RILAGlobeNewswire
- Algorhythm (NASDAQ:RIME) was upgraded by analysts at Zacks Research to a "hold" rating.MarketBeat
- SemiCab Secures First Contract Expansion of 2026 with Unilever India [Yahoo! Finance]Yahoo! Finance
- SemiCab Secures First Contract Expansion of 2026 with Unilever IndiaGlobeNewswire
RIME
Sec Filings
- 1/23/26 - Form 8-K
- 12/29/25 - Form 8-K
- 12/16/25 - Form SCHEDULE
- RIME's page on the SEC website